Showing posts with label book proposals. Show all posts
Showing posts with label book proposals. Show all posts

Thursday, September 22, 2011

calling all agents - a survey

I received a call from an agent friend today who wanted to know what percentage of the book projects I represent that I sell as an agent. Because agenting is a relatively small percentage of my business I let him know that I may not be the best source for feedback. But his question did get me wondering what agents are experiencing in what many consider to be a fairly tumultuous time in the book publishing industry.

I've put together a simple 5-minute online survey FOR BOOK AGENTS only. Please follow the link below to take the survey - and feel free to share the link with other agents. I'll compile results in the next two weeks and post a nonscientific summary - but all individual responses are anonymous and confidential.

Click here to take the survey now!

Thursday, April 30, 2009

Q: Do I need an agent to sell my book proposal?

A: It depends.

This is almost like me asking you if I need a realtor to sell my house. Okay, in light of the current housing market, that might not be a very nice parallel. But then again, a quick look at the publishing industry might make that comparison even more apt. But back to the question and topic.
In the "old days" of publishing, let's say prior to 1990, there was a common publishing phrase that referred to an unsolicited manuscript that was sent to a publisher as something that "came in over the transom." (A transom is literally a hinged window over a door. Think of the book return slot at a library.) In other words, a writer sent in his or her manuscript to a mail drop, which then ended up in one of several 4-foot high stacks in a junior editor's office, and which after six or seven months of collecting dust was either rejected with a form letter - or voila, it got discovered and published. One way many publishing companies handled submissions that came over the transom was to hire college interns to sift through hundreds or thousands of manuscripts over summer break and separate the winners from the losers.

Many publishers were still leery of agents in the mid-90s. (Many still are.) Since acquisitions is the lifeblood of publishing, they preferred to take the initiative and go find someone with a marketing platform to promote their own work; if that person couldn't write, the publisher would help them write it with a ghost writer or collaborator. If an author didn't have a platform but had exceptional verifiable credentials - for example a professor at a university with a reputation for expertise in a particular discipline - the publisher would still take the initiative. Both of these and many other scenarios still happen all the time but even when the publisher is responsible for basic ideation, it is more common to work deals through an agent. And next to never over the transom.

The worry for publishers back in the "old days" was that once an agent was involved, he or she would demand too much money up front as an advance and too much in royalty rates and thus damage the economies of publishing. (Okay, the publishers were right on this point for many deals.) But even with that concern, sometime in the mid and late 90s, agents went from being a luxury for big name authors who wanted to sell projects to one of the big publishing companies, to a near necessity for almost all writers interested in placing a project with almost any size publishing house.

Today, many publishers will no longer receive unsolicited manuscripts from authors. They prefer and require agent involvement. In a sense, the agent, for many publishing companies, has become a way to streamline the acquisitions process - and maybe even reduce head count. (In other words, the agent has become the primary acquisitions editor for a lot of publishers.) The hardcore, full time, certified agent - and yes, there are many former editors and other publishing staffers who moonlight at agenting - earns his or her commission (more often 15%, up from 10% even a decade ago), along with a trustworthy reputation that opens doors to a variety of acquisitions editors and publishers, by carefully screening authors and projects and vouching to the publisher that the author can deliver both great material and can help market it.

What does this mean for the aspiring author? It means that finding an agent who will represent your work can feel - and be - as hard as selling the project.

So, do you need an agent? The answer is YES, if ...

1. You don't have inside connections with one or more publishers who are already disposed to buying a project from you.

2. You haven't been approached by a publisher to write a project, which is a dream come true for anyone who has toiled with speculative work (you still might be better off with an agent if the deal seems fishy in some way).

3. You don't have a large established platform (connection to a well defined audience that is motivated to buy from you) whereby you can guarantee a certain number of sales. (Some publishers will make a deal with this kind of author if the author commits to buying X number of copies, which becomes part of the contract. Some authors, particularly if they speak to large audiences, will then determine that they'll make more money self-publishing.)

4. You want to be with a larger publisher (not necessarily the right option for every author or project) that will present your work to bookstores and other retailers. (I have a friend who has sold more than 1 million copies of his self-published book. He still feels disatisfaction because the books he did with big time publishers did not do well in the trade.)

5. You have a big idea and a big audience that loves you, but don't know the first thing about book publishing and aren't really fond of writing.

That list isn't close to being exhaustive and even if you can turn each point around and answer it conversely, you still may not need or want an agent. And acquiring the services of a well connected agent who really believes in your work is no guarantee that your work will be purchased by a publisher at all, much less at terms that feel reasonable to you. Plus, today there are many more professional quality self-publishing options available to the aspiring author. You can even go on the internet and typset and design a cover for your own book with a service like lulu.com.

So do you need an agent? Unless you have the ways and means to sell a self-published work or have incredible connections within the publishing community, the answer is probably yes. I'd wish you well in finding the right agent for you - but I'll save that for another post!

Wednesday, April 29, 2009

Q: Why won't a publisher read my manuscript in a timely fashion?!

A: A better question might be this: Why should he or she give two or three hours in his or busy schedule to pore over what you've written?

Let's start with the simple reality that most of the publishing world is situated in a low demand, high supply section of the supply-demand curve. That means publishers must deal with the fact that we publish more books than there are interested readers. You, the writer, are likewise part of a supply group that is sending more manuscripts than a publisher has demand for in his or her world of limited open slots.


Note that the third variable in the SD Curve is Price. High supply + low demand = low price. Price, for you the aspiring author, is the publisher's motivation to read your manuscript. Don't get mad that the price you can charge is low, just understand it and do what you can to change something on the graph. Incidentally, I know a lot of publishers and acquisitions editors who are very nice people and would love nothing more than to encourage and help you. Those who spend a lot of time doing this, however, tend to be ex-publishers and ex-acquisitions editors. It doesn't pay the bills nor justify the salary.

Publishers aren't looking for more manuscripts to review but we've got to publish something, so unless we have a strong cadre of proven authors signed to long term deals we do want to read the right ones. (See my blog on whether you need an agent to round this discussion out.) What makes a manuscript the right manuscript? Bottom line: It offers something unique and compelling to a well defined audience. If you can't articulate in a sentence or two what makes your book special for a group of readers that the publisher has some history or means of reaching, then an acquisition specialist probably won't sort through your material to develop your "elevator speech" for you. Let's break down the components of the sentence that is set in bold face.

1. Articulate: Is your sales pitch as well articulated as your manuscript? (Both are well written, right?)

2. In a sentence or two: When you skim book shelves or magazine contents or advertisements or any other message, how long do you give it to catch your attention? Five seconds? I doubt it. Why would you expect a publisher to be any different than you, particularly since he or she knows that the finished book will have the same requirement to nab attention in a second or two put on it by consumers. Hint: There's something that goes on the cover of a book that serves as the best sales pitch available. (I'll address titling and subtitling in a future blog.)

3. What makes your book special: If you have quoted someone elses work in every chapter, there's a good chance your book is not needed. If you haven't created something with a new angle, a new discovery, a new application, a new character, a new anything that is important and compelling - why bother?

4. For a group of readers: Chances are your book idea will not appeal to everybody. So bold assertions that millions will want to pick up this book is a real turn off and indication you haven't thought through who will actually take the time to look your book over and purchase it. Better to be honest about the size of the group that your book appeals to.

5. That the publisher has some history or means of reaching: Textbook publishers don't effectively market to fiction readers and fiction publishers don't do a good job of marketing to preachers and ministry publishers don't tend to reach romance enthusiasts and so on! When you determine who to send your manuscript to, make sure that the publisher has published comparable titles.

This Q/A is as philosophical as it is practical. It's about helping you measure your expectations and understand why the process is frustrating without getting to frustrated. I'll come back to the major points of a good book publishing proposal (because whether or not you hire an agent, you're going to be the one who has to write it!), which will have significant overlap.

Okay, back on topic. Why won't a publisher just read your manuscript and proposal? Don't blame him or her. You haven't yet articulated a concise and compelling reason to do so.