Reading and writing is what it's all about. Peggy Bechko, author of traditionally published romances, westerns, optioned screenplays and a number of Ebook editions of former hard copy books invites you along on her writer's and reader's journey. Check out historic romance Cloud Dancer at amzn.to/LMkCUT Find insights for readers into the writing life, helps for writers, my writing updates, occasional reviews, helpful web links for writers and fun links for readers that I uncover along the way.
Stormrider!
Wednesday, November 3, 2010
Writers Websites Wednesday - National Novel Writing Month
It's on, it's happening, it's already under way. NANOWRIMO But you can still join, it's only three days in. If you want to write a novel by the seat of your pants join up and have at it.
Tuesday, November 2, 2010
Anticipating Writer's Money Realities - Working Toward Writer's Security
Break out the champagne, start the celebration, whoo-hoo, you've sold a book, your first novel! Wow, well-done. Now you think you’re going to quit your day job and live on the advance and launch into literary stardom. Well, maybe, but don’t count on it just yet. Much as we'd all like to think of that as the writer's reality, it just isn't and forewarned is forearmed, right? Hmm, well, maybe a bit of a downer, reality can bite, but if you want your eyes open read on. If you'd rather be surprised, than stick your head in the sand and stop here.
Okay, you're still with me. So, your book is being published by a large New York publishing house. This means you get a lot of money, right? Ah, probably not. Advances are small, when they happen at all, unless you're a big name in which case you wouldn't be reading this. Writers with several books in print can usually support themselves with a lot of planning, but frankly even they are rare. Only the really big names get away with that stuff.
For starters, for all fiction, in all genres (and we’re talking large and small publishing houses here), the average advance for a new author with a first book is about $5,000. And that, remember, is average, many get less than that for statistics to reach that average.
But that looks pretty good for a first one out of the gate. However out of that you may well have an agent to pay and if so that is a 15% commission right off the top. Then, the way things are these days, you’ll need a website. If you’re technically inclined you can save some serious bucks, but if you’re not it could cost you about $500 - $1,000 (or a whole lot more) to get that website created and put up. And to this point we haven’t spoken about the cost of self-promotion (yes you have to promote yourself), possibly attending a conference of one kind or another or other promotional items.
At this point you don’t have a lot left over – oh, and be sure to save receipts and track expenses closely because I won’t even touch the subject of taxes for the self-employed. Just let's say as a guesstimate you need to allow around 35% or so off the gross because yes you have to pay income tax and you also get to pay more on your social security as you are your own employer - you might think about incorporation at some point, but I'm not you financial advisor.
But, you say, after the book finally is published, then you’ll see some serious bucks, right?
Maybe. Hope so, but again, don't count on it. Remember the publisher pays itself back the “advance” you received before you see any more cash. So, if you’ve sold your book to a house that puts it out in paperback format and sells it for $7.99 which seems to be a very common price point these days with an 8% royalty rate (also common in contracts), they you’d get about $0.64 per book. To pay back that advance you received you need to sell over 7,800 books before you earn more cash from your new baby.
Okay, before you panic, most print runs from large New York houses are at least 10,000 copies (last time I checked - and these things change) so plainly they’re expecting to sell that many, which is more than the base needed to pay back the advance and then some. If that’s the case you’d earn about another $1,400 minimum and hopefully more. We won't discuss 'remainders' here. That's mostly for hardcover and newbies don't usually start out with hardcover - though it can happen, in fact did happen for me (for better or worse).
But here’s something else to consider. Publishers pay author royalties twice a year. Usually for the periods of January through June, then July through December – and they don’t cut that check until about three months AFTER the cut off of the pay period. So plan ahead for some waiting for any additional monies.
Now, is this depressing? Well, yes, a little. But if you keep things in perspective and plan ahead you can build a nice career. And you can write in other areas as well to keep those writing checks coming in. spread your wings. Explore other venues. Write articles, reports, shorts for the magazines that have such. In general look into any other writing that appeals to you to help supplement.
And remember there are many variables. The rare first time author is very fortunate to receive a large advance. It can happen. There are multibook deals, maybe you’ll get one of those. A series can be a profitable avenue (look at Harry Potter or Orson Scott Card's 'Ender' series). Then there are other possibilities out there like sale of movie rights or audio rights, or foreign reprints. And, down the road, as you build your ‘library’, don’t forget to look into reversion rights after a book goes out of print so you have the possibility of placing it again.
So keep writing and producing those books. Oh, and don’t forget to keep up with publishing trends so you can work contracts to your best advantage and avoid the idea that writers always have to be broke. Forewarned is forarmed (had to toss in the cliché yet again - sorry).
Okay, you're still with me. So, your book is being published by a large New York publishing house. This means you get a lot of money, right? Ah, probably not. Advances are small, when they happen at all, unless you're a big name in which case you wouldn't be reading this. Writers with several books in print can usually support themselves with a lot of planning, but frankly even they are rare. Only the really big names get away with that stuff.
For starters, for all fiction, in all genres (and we’re talking large and small publishing houses here), the average advance for a new author with a first book is about $5,000. And that, remember, is average, many get less than that for statistics to reach that average.
But that looks pretty good for a first one out of the gate. However out of that you may well have an agent to pay and if so that is a 15% commission right off the top. Then, the way things are these days, you’ll need a website. If you’re technically inclined you can save some serious bucks, but if you’re not it could cost you about $500 - $1,000 (or a whole lot more) to get that website created and put up. And to this point we haven’t spoken about the cost of self-promotion (yes you have to promote yourself), possibly attending a conference of one kind or another or other promotional items.
At this point you don’t have a lot left over – oh, and be sure to save receipts and track expenses closely because I won’t even touch the subject of taxes for the self-employed. Just let's say as a guesstimate you need to allow around 35% or so off the gross because yes you have to pay income tax and you also get to pay more on your social security as you are your own employer - you might think about incorporation at some point, but I'm not you financial advisor.
But, you say, after the book finally is published, then you’ll see some serious bucks, right?
Maybe. Hope so, but again, don't count on it. Remember the publisher pays itself back the “advance” you received before you see any more cash. So, if you’ve sold your book to a house that puts it out in paperback format and sells it for $7.99 which seems to be a very common price point these days with an 8% royalty rate (also common in contracts), they you’d get about $0.64 per book. To pay back that advance you received you need to sell over 7,800 books before you earn more cash from your new baby.
Okay, before you panic, most print runs from large New York houses are at least 10,000 copies (last time I checked - and these things change) so plainly they’re expecting to sell that many, which is more than the base needed to pay back the advance and then some. If that’s the case you’d earn about another $1,400 minimum and hopefully more. We won't discuss 'remainders' here. That's mostly for hardcover and newbies don't usually start out with hardcover - though it can happen, in fact did happen for me (for better or worse).
But here’s something else to consider. Publishers pay author royalties twice a year. Usually for the periods of January through June, then July through December – and they don’t cut that check until about three months AFTER the cut off of the pay period. So plan ahead for some waiting for any additional monies.
Now, is this depressing? Well, yes, a little. But if you keep things in perspective and plan ahead you can build a nice career. And you can write in other areas as well to keep those writing checks coming in. spread your wings. Explore other venues. Write articles, reports, shorts for the magazines that have such. In general look into any other writing that appeals to you to help supplement.
And remember there are many variables. The rare first time author is very fortunate to receive a large advance. It can happen. There are multibook deals, maybe you’ll get one of those. A series can be a profitable avenue (look at Harry Potter or Orson Scott Card's 'Ender' series). Then there are other possibilities out there like sale of movie rights or audio rights, or foreign reprints. And, down the road, as you build your ‘library’, don’t forget to look into reversion rights after a book goes out of print so you have the possibility of placing it again.
So keep writing and producing those books. Oh, and don’t forget to keep up with publishing trends so you can work contracts to your best advantage and avoid the idea that writers always have to be broke. Forewarned is forarmed (had to toss in the cliché yet again - sorry).
Wednesday, October 27, 2010
Writers Websites Wednesday - online writing talk with Talk Shoe
Visit TalkShoe for a series of live talks on the freelance writing life. Information and instructional. You can listen live or after the fact from their library of past audios. You can call in to join in the talk.
Photo by Chance Agrella
Tuesday, October 26, 2010
Why Are My Queries Being Rejected?
Rejection.
Sigh.
It's something every writer must face, and frequently. Writers are hurt by it, obsess over it and continually cry out, WHY? Why me? Why did they reject that piece of writing; MY piece of writing when I know it's very good if not fantastic?
First question often is why are they (editors, agents, publishers) rejecting my writing when my friends and relatives love it so much.
Uh, well, first shot at this is objectivity. The agent/editor/publisher has it. Your friends and relatives don't. Editors are looking for something specific in the work they review - relatives and friends not so much.
So you're going to get rejections, probably lots of them, and you're going to have to learn to get over them and learn from them.
Sometimes a rejection is just an error in submission. At times an error you couldn't even foresee. For example:
*The publisher/agent you chose to submit to was not appropriate to what you're writing. It happens. Maybe you didn't do your homework thoroughly enough or maybe they changed what they're looking for. Either way, result = rejection.
*With the economy as it is maybe your timing is just off. Maybe where you sent it has cut back on their publications. Perhaps an editor who might have been interested left to go with another publication. Perhaps they perceive the market to have changed and your material no longer fits what they're looking for.
*Maybe what you've submitted is eerily similar to something they've already published or contracted for. That happens sometimes too. It's the universal consciousness thing - sometimes you tie into an idea someone else has had as well and that someone else has simply beaten you to it.
*Consider the materials you've submitted. Are they as professional as possible? Did you address to a named person and not "Dear Sir or Madam"? Did you meet all the submission guidelines down to the last crossed t? Was your submission (if on paper) neat and fresh, not fingerprinted and dog-eared?
*Maybe the genre or area you've chosen is over published. You might be able to sell it at a later date.
*If you're writing non-fiction - articles or proposing a book, are your credentials up to the job? Have you made your credentials clear in your query letter? Are you developing some sort of marketing platform such as a blog, Twitter, or some other avenue you can point to through which you can promote your books?
*If you're lucky enough to get a personal note are you taking it seriously, reading it, deciding if/what might be changed in you writing to make it stronger?
So you're getting rejection slips. How many should you collect before you decide it isn't worth it and give up on that piece of writing? That's something you'll have to figure out it your own gut. If it's something you've put years in on writing, a novel perhaps, giving up quickly would be tragic. Instead consider analyzing those rejection slips for a pattern for something you may need to change in that writing to make it more appealing.
The majority of writers don't sell t heir first novel. Not a very up-lifiting thought, I know, but the truth. You may have to give up on it. But don't get rid of it. There may be parts of it that can be used in another novel or perhaps characters that work there.
Now, there's one last thing I'd like to say, no offense to editors, etc., but well, they're human just like we writers are. They can feel sick, have a bad day, or be served with divorce papers while holding your query on wedding planning in the other hand. What do you suppose would happen next?
There simply are times when it's just the luck of the draw. Don't take it personally. See what you can learn from it and move on.
So consider all the angles, accept you're going to receive rejections and don't let it get you down. Writers aren't born published. Editors and Agents aren't born all-knowing.
You can feel free to rant and rave privately when you receive a rejection, then get back to work.
Sigh.
It's something every writer must face, and frequently. Writers are hurt by it, obsess over it and continually cry out, WHY? Why me? Why did they reject that piece of writing; MY piece of writing when I know it's very good if not fantastic?
First question often is why are they (editors, agents, publishers) rejecting my writing when my friends and relatives love it so much.
Uh, well, first shot at this is objectivity. The agent/editor/publisher has it. Your friends and relatives don't. Editors are looking for something specific in the work they review - relatives and friends not so much.
So you're going to get rejections, probably lots of them, and you're going to have to learn to get over them and learn from them.
Sometimes a rejection is just an error in submission. At times an error you couldn't even foresee. For example:
*The publisher/agent you chose to submit to was not appropriate to what you're writing. It happens. Maybe you didn't do your homework thoroughly enough or maybe they changed what they're looking for. Either way, result = rejection.
*With the economy as it is maybe your timing is just off. Maybe where you sent it has cut back on their publications. Perhaps an editor who might have been interested left to go with another publication. Perhaps they perceive the market to have changed and your material no longer fits what they're looking for.
*Maybe what you've submitted is eerily similar to something they've already published or contracted for. That happens sometimes too. It's the universal consciousness thing - sometimes you tie into an idea someone else has had as well and that someone else has simply beaten you to it.
*Consider the materials you've submitted. Are they as professional as possible? Did you address to a named person and not "Dear Sir or Madam"? Did you meet all the submission guidelines down to the last crossed t? Was your submission (if on paper) neat and fresh, not fingerprinted and dog-eared?
*Maybe the genre or area you've chosen is over published. You might be able to sell it at a later date.
*If you're writing non-fiction - articles or proposing a book, are your credentials up to the job? Have you made your credentials clear in your query letter? Are you developing some sort of marketing platform such as a blog, Twitter, or some other avenue you can point to through which you can promote your books?
*If you're lucky enough to get a personal note are you taking it seriously, reading it, deciding if/what might be changed in you writing to make it stronger?
So you're getting rejection slips. How many should you collect before you decide it isn't worth it and give up on that piece of writing? That's something you'll have to figure out it your own gut. If it's something you've put years in on writing, a novel perhaps, giving up quickly would be tragic. Instead consider analyzing those rejection slips for a pattern for something you may need to change in that writing to make it more appealing.
The majority of writers don't sell t heir first novel. Not a very up-lifiting thought, I know, but the truth. You may have to give up on it. But don't get rid of it. There may be parts of it that can be used in another novel or perhaps characters that work there.
Now, there's one last thing I'd like to say, no offense to editors, etc., but well, they're human just like we writers are. They can feel sick, have a bad day, or be served with divorce papers while holding your query on wedding planning in the other hand. What do you suppose would happen next?
There simply are times when it's just the luck of the draw. Don't take it personally. See what you can learn from it and move on.
So consider all the angles, accept you're going to receive rejections and don't let it get you down. Writers aren't born published. Editors and Agents aren't born all-knowing.
You can feel free to rant and rave privately when you receive a rejection, then get back to work.
Wednesday, October 20, 2010
Writers Websites Wednesday- Query Tracker
Ah, Wednesday. Here we go. Query Tracker is a great follow-up to the discussion I posted yesterday regarding pondering agents.
It lists well over 1,000 agents (more like over 1,200) and it will also help you track your queries. Free. Just sign up as a member and have at it. You can track queries to publishers as well if you aren't ready for an agent.
It lists well over 1,000 agents (more like over 1,200) and it will also help you track your queries. Free. Just sign up as a member and have at it. You can track queries to publishers as well if you aren't ready for an agent.
Tuesday, October 19, 2010
Thinking About An Agent
This is a question most writers are confronted with whether they want to be or not. Do I need an agent? Is now the right time to get an agent? If not an agent, then what?
Well, I could write a book on the subject, but this is a blog post so I'll try to keep it fairly short and clean, give you a few tips and get your thinking started.
To begin you need to determine whether you need or want an agent and if now is the time.
Under that heading, as a new writer, you need to consider:
1. Do you have a completed manscript?
2. Do you have the patience & ability to read a legal contract all the way through & understand what you've read - or the resources to have that done?
3. Are you thick-skinned and not easy to intimidate?
4. Are you willing to decide to walk away from a deal if it isn't the one you want?
5. Are you sure and comfortable handling business meetings regarding your artistic work?
If those questions are mostly yes, you might want to go it on your own, handling your own marketing for now. But of course that can change later so....
If you've decided it's time to find yourself an agent here are some basics:
Hit the books.
Libraries are great resources and of course the Web. Check out Publishers Weekly to see which agents make the big deals and ones who represent the sort of work you do along with which may be looking for clients.
Writer's Market has a great for pay site that can be very helpful. You can also find a hard copy of Writer's Market (current ed) at your library, or buy a hard copy online.
Check out magazines for writers or ones that are genre-specific. Agents have been known to advertise in such places. Try checking out your library or local bookstore for magazines that might fill the bill.
There's also a book called "Guide To Literary Agents" put out by Writer's Digest Books. Also available at libraries or bookstores.
Another approach beyond the books and research is the personal touch. If you know another author see if he or she can recommend anyone and if so, if that agent represents your genre. If that is the case and you want to connect, write a very short, professional query letter and send it off.
If you don't know another writer, check with librarians (amazing what they know), or writing instructors at local colleges, etc. Maybe take a course to improve your writing while you're at it.
Even more personal if you have the time and funds, check around and arrange to attend writers' conferences, conventions or seminars. Literary agents often attend, interested in finding new clients and to represent their current clients.
A few words on professionalism here if you're going to do the personal contact route. Remember to dress nicely. You don't have to be formal, but don't be raggedy either. Sorry, first impressions do count. Be polite at all times, not aggressive or demanding. They don't owe you a thing. Try to have a private meeting if you discover an agent who particularly apeals and who reprsents your kind of work. If you're that lucky, be brief, think in terms of the famous 60 second elevator speech, explain your project (which manuscript should already be finished or so close to it as to effectively be there). If you connect, don't thrust your manuscript under the agent's nose. He or she probably doesn't want it right then anyway (how would you like to tote home many weighty manuscripts in a suitcase from a conference?) Ask if they'd like to see it or a partial and where you can send it. Then be sure to include a cover letter to remind the agent where and how you met.
Remember this is a business arrangement, the agent is not your baby sitter or hand holder no matter what you've seen on TV or in the movies. Check out your potential agent as best you can. Ask what fees are charged. Most agents still charge between 10 and 15% of the income for domestic sales and 25% for foreign sales. An agent shouldn't charge for things like domestic phone calls or his or her own bookkeeping, but they do charge for special expesnses like overseas calls and photocopying unless you have an agreement otherwise. Ask.
One more thing to keep in mind about agents. Yes, it's true they work for you. And most of them work very hard. BUT, they have to cultivate relationships with editors and remain on their good side in order to sell books. That can make it a situation where loyalties can be a bit confused.
In closing you can check out the Association of Author's Representatives as well. The website offers info on agents.
Well, I could write a book on the subject, but this is a blog post so I'll try to keep it fairly short and clean, give you a few tips and get your thinking started.
To begin you need to determine whether you need or want an agent and if now is the time.
Under that heading, as a new writer, you need to consider:
1. Do you have a completed manscript?
2. Do you have the patience & ability to read a legal contract all the way through & understand what you've read - or the resources to have that done?
3. Are you thick-skinned and not easy to intimidate?
4. Are you willing to decide to walk away from a deal if it isn't the one you want?
5. Are you sure and comfortable handling business meetings regarding your artistic work?
If those questions are mostly yes, you might want to go it on your own, handling your own marketing for now. But of course that can change later so....
If you've decided it's time to find yourself an agent here are some basics:
Hit the books.
Libraries are great resources and of course the Web. Check out Publishers Weekly to see which agents make the big deals and ones who represent the sort of work you do along with which may be looking for clients.
Writer's Market has a great for pay site that can be very helpful. You can also find a hard copy of Writer's Market (current ed) at your library, or buy a hard copy online.
Check out magazines for writers or ones that are genre-specific. Agents have been known to advertise in such places. Try checking out your library or local bookstore for magazines that might fill the bill.
There's also a book called "Guide To Literary Agents" put out by Writer's Digest Books. Also available at libraries or bookstores.
Another approach beyond the books and research is the personal touch. If you know another author see if he or she can recommend anyone and if so, if that agent represents your genre. If that is the case and you want to connect, write a very short, professional query letter and send it off.
If you don't know another writer, check with librarians (amazing what they know), or writing instructors at local colleges, etc. Maybe take a course to improve your writing while you're at it.
Even more personal if you have the time and funds, check around and arrange to attend writers' conferences, conventions or seminars. Literary agents often attend, interested in finding new clients and to represent their current clients.
A few words on professionalism here if you're going to do the personal contact route. Remember to dress nicely. You don't have to be formal, but don't be raggedy either. Sorry, first impressions do count. Be polite at all times, not aggressive or demanding. They don't owe you a thing. Try to have a private meeting if you discover an agent who particularly apeals and who reprsents your kind of work. If you're that lucky, be brief, think in terms of the famous 60 second elevator speech, explain your project (which manuscript should already be finished or so close to it as to effectively be there). If you connect, don't thrust your manuscript under the agent's nose. He or she probably doesn't want it right then anyway (how would you like to tote home many weighty manuscripts in a suitcase from a conference?) Ask if they'd like to see it or a partial and where you can send it. Then be sure to include a cover letter to remind the agent where and how you met.
Remember this is a business arrangement, the agent is not your baby sitter or hand holder no matter what you've seen on TV or in the movies. Check out your potential agent as best you can. Ask what fees are charged. Most agents still charge between 10 and 15% of the income for domestic sales and 25% for foreign sales. An agent shouldn't charge for things like domestic phone calls or his or her own bookkeeping, but they do charge for special expesnses like overseas calls and photocopying unless you have an agreement otherwise. Ask.
One more thing to keep in mind about agents. Yes, it's true they work for you. And most of them work very hard. BUT, they have to cultivate relationships with editors and remain on their good side in order to sell books. That can make it a situation where loyalties can be a bit confused.
In closing you can check out the Association of Author's Representatives as well. The website offers info on agents.
Wednesday, October 13, 2010
Writers Websites Wednesday - Resouce for YA & Children's Writers
Yes, it's once again time to tell you about a website for writers. This time it's Cynsations. Run by New York Times & Publisher's Weekly best-selling author Cynthia Leitich Smith - a blog - it offers lots of resources including general resources for writers, plenty of editor, agent, publisher and more interviews in a large archive, and more. If you write for children or young adults, check it out.
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