Publishing%e2%80%99s%20Dirty%20Secrets%20Short%201031

Publishing%e2%80%99s%20Dirty%20Secrets%20Short%201031 -...

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Publishing’s Dirty Secrets By Jana Oliver
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Literary Agents Typically take 15% of author’s earnings No licensure required to become an agent Can either be a blessing or a nightmare AAR : Association of Author Representatives
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What An Agent Does Guides the author’s career Acts as a sounding board Keeps an author from CLM (career-limiting moves) Knows the industry and the players Negotiates for better contract terms Reviews royalty statements May act as primary editor before manuscript submission
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A percentage of a book’s sales price paid to the author, typically between 5-10% of the retail price on paperbacks and 10-15% on hardcovers E-book royalties vary (25% of net is standard) Royalty Authors do not receive royalties on copies they purchase for resale Authors do not receive royalties on pirated copies
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A portion of the royalty paid at the time the contract is signed and at specified times thereafter Advance Against Earnings One Third on Signing
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