Month: February 2005

Australian novelist Ian Irvine has written a fantastic article on the life of a book… from selling it to finding it amidst the stack of remainders at Barnes & Noble…and all the steps in-between.

The biggest problem for beginning fiction writers is that no one tells you how the system works. Becoming an author, and even
a successful one, is therefore a series of shocks as your assumptions are punctured one by one. So here, distilled from my
experiences with a dozen publishers all over the world, and conversations with many professional writers over the years, is the
truth about fiction publishing..

He also includes a very handy chart on how the royalties typically break down:

Shocked that the sales on your royalty statement don’t translate into
nearly as much money as you expected? Here’s what you can actually
expect to get, in your hand, for the sale of a single book in various
countries. It’s calculated on the pre-tax retail price, for typical
royalty rates, after your local agent has got her 15%, and your
overseas agent her percentage. If most of your foreign deals have been
done by your publisher, it’ll take around 20% agent’s fee. Sometimes,
eg for sales in Eastern Europe or Asia, there could be a local agent
involved as well, so after they’ve all got their share you’ll only end
up with 50-60% of the advances and the royalties earned. I’ve used the
current exchange rates (June ’04). If you sell enough copies to jump
into the higher royalty rate category, you’ll get more, of course. The
dramatic difference in your share of the overseas mass market editions
is due to lower price and/or royalty rates. In Australia you’ll
generally get 10%, in the UK and US more likely 7.5-8%.

Table 1: What you get in your hand after agents’ cuts, per book

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COUNTRY	HARDCOVER**		TRADE PAPERBACK**		MASS MARKET PAPERBACK
	Pre-tax Price	Your share ($A)	Pre-taxp Price	Your share ($A)	Pre-tax Price	Your share ($A)
Australia	$A40.50	$3.44	$A27.33	2.32	$A18.13	1.54
Britain	£17.99	3.21	£12.99	2.32	£7.99*	1.07
USA	$US25.95	2.52	US14.95	1.45	$US7.99#	0.62

* Exch. Rate 0.38, royalty 7.5% to 20K, Aust publisher 20%, Aust agent 15%

# Exch. Rate 0.70, royalty 8% to 100K, Aust publisher 20%, Aust agent 15%

** Trade paperback and hardcover royalties 10%

It’s an honest, accurate  and frank account of how the system works.  I heartily recommend it for all aspiring authors. (Thanks to Sarah Weinman for pointing this article out to me!)

After reading my previous post, someone asked me:

I’m curious — without getting into specifics of which publishing house
and such, what were some of the reasons cited for any potential deal
being killed? Were they just nervous about bringing out a book that’s very
pop culture-oriented?

Here’s the jacket copy, describing what THE MAN WITH THE IRON-ON BADGE is about:

Harvey Mapes is a twenty-nine-year-old security guard who spends his nights in a guard shack outside a gated community in Southern California, reading detective novels, watching TVLand reruns, and waiting for his life to finally start . . . which happens when Cyril Parkus, one of the wealthy residents, asks Harvey to follow his beautiful wife Lauren.

The lowly security guard jumps at the opportunity to fulfill his private eye fantasies and use everything he’s learned from Spenser, Magnum, and Mannix. But things don’t exactly go according to the books . . . or the reruns.

As  Harvey fumbles and stumbles through his first investigation, he discovers that the differences between fiction and reality can be deadly.
With the help of his mortgage-broker neighbor and occasional lover Carol,  Harvey uncovers a
blackmail plot that takes a sudden and unexpectedly tragic turn . . . plunging him into a world of violence, deception, and murder . . . and forcing him to discover what it really takes to be a private eye.

So many editors liked it and were enthusiastic about it. I can’t tell you
how many times I celebrated, certain we’d just sold it… and then, the
committee would weigh in. The biggest problem the "committees" had with the book was
how to categorize it. Is it a mystery? Is it a satire? Is it too dark? Is it too funny? Is it a PI novel or…what, exactly?

Some found it too funny and not dark enough…and humor doesn’t sell. (Let’s not mention Carl Hiaasen or Janet Evanovich, shall we?) Some found it too  dark and not broad enough for a comedy (I found out the hard way how badly broad, comic novels sell… I refer you to MY GUN HAS BULLETS and BEYOND THE BEYOND). Some found it  too much of a private eye novel…and PI novels aren’t selling.  Some found it not enough of a private eye novel… because PI novels are really selling.  And some didn’t think the story was "big" enough, whatever the hell that means.

But ultimately, I guess it wasn’t an easy book to fit into any pre-set genre or category. We came soooo close at a couple of major houses…but, alas,  it was not to be. But the process ate up two years.

That said, I am very happy to be at Five Star.  As you can see from LITTLE GIRL LOST, MEMORIAL DAY and ASK A DEAD MAN,  they are putting out some terrific books (and finally getting the wider notice they deserve).  And they’re not just doing mysteries, either…they also have  robust romance and western lines as well.

Sarah Weinman is discussing the long road to the bookshelves for Sam Lipsyte’s HOME LAND, which ended up being published in the UK before finally showing up here as a trade paperback.

And furthermore, the growing trend of many
houses to vote by committee — something that can be lethal to a
satirical novel like HOME LAND. One
editor who tried to buy it, only to have his editor in chief kill the
sale, argued that the decision-making by editorial committee at most
major houses around the city "tends to flatten out the aesthetic."

I’ve been there, more times than I’d like to admit.  My upcoming novel THE MAN WITH THE IRON-ON BADGE made the rounds all over New York. I got excited every time my agent called to tell me that an editor absolutely loved it. Inevitably, the book was killed in committee every time. I finally told her not to tell me anymore if an editor was enthusiastic about the book…I only want to hear about it if it made it out of committee. I never got that call.

After two years of bouncing all over NY,  the book finally ended up at Five Star, which will be publishing it in hard cover in November. Five Star has become known in mystery circles as the home for "published authors’ unpublished manuscripts"…the book gathering dust in the drawer… and I am thankful for them (they also published my novel THE WALK). They’ve picked up quite a few midlist series/authors that have been dumped by their publishers.  Lately, Five Star has been making noise, and raising its profile considerably in the publishing biz, with critically-acclaimed books like Harry Shannon’s MEMORIAL DAY and Bob Levinson‘s ASK A DEAD MAN, which got a starred review in PW and hit the LA Times bestseller list this week.

The imprint is run by famed book packager/editor Marty Greenberg and author/editor  Ed Gorman. They don’t buy books by committee… they do it the old-fashioned way.  Their editors read manuscript and, if they like’em, they buy’em. They also do something else the old-fashioned way — they treat their authors with respect, pay them promptly, publish quickly,  and put out handsome books.