Category Archives: publishers

7

Two for the price of one!

by Michael

I’ll admit, I was having a tough time coming up with something for the blog this week. After a busy Comic Con (wrap up here) and a hectic SCBWI National Conference (great conference blog led by my good friend Alice Pope here), my brain had shifted into neutral. I think this was a precaution to keep it from overheating. Coincidentally, I also made a return to Twitter, where one’s brain need never be engaged—just kidding! Seriously, I’d taken a break during a very busy time, and I just hadn’t gotten back into the habit. But I recommitted myself to tweet last night, so I turned to my friends to see what they’d like to find out. And, since I got two good suggestions, I’m taking them both!

First, my wonderful author Nova Ren Suma pointed me to this blog post by up-and-coming novelist Scott Tracey. It addresses the idea of “overpromotion.” In this day and age, when agents, editors and publishers all harp on authors that they need to be out promoting themselves, things can get out of hand. Scott gives an example of authors who focus on acquiring friends and followers on Facebook and Twitter. The purpose? To bombard these folks with reminders about of an upcoming book—a book, Scott humorously points out, that may be a year away from publication! More than overpromotion, this is a case of improperly using social networking. Networking, both in real life and online, is about building relationships and creating a give-and-take. You wouldn’t show up to a party and start screaming that you have a book coming out in a year (at least, I hope no one does that), so you shouldn’t be doing that on social networks, either. It’s about building relationships with other authors, industry professionals, and your audience. You want to mix direct marketing with actual interaction. You want to help promote other authors and the business generally. And if you can do it all with a sense of humor, well then, everyone will appreciate it all the more. So before you go sending out tweets about your DEBUT NOVEL!!! COMES OUT MAY 2102!!! WILL SEND TWEET REMINDER EVERY DAY UNTIL THEN!!!, remember that networking is a two-way street.

The other great question I got was from the talented Joanne Levy. She said, “I keep hearing that editors would rather publish a debut than an already pubbed author—can you elaborate?” I’ve actually been asked about this a few times, and it’s confusing to people as it seems counterintuitive. If you’ve already sold a book, aren’t you immediately more valuable to a publisher? Haven’t you proven yourself to be reliable (well, we hope that’s what you’ve done) and talented? But, that’s not necessarily the case. Yes, you’ve show you can deliver and write, but the question is, can you sell? If your first book doesn’t sell well, it’s tougher for a publisher to take on your second book. Why’s that? Because B&N, Borders and Amazon are not likely to line up to buy copies of a book by an author with a bad track record. And if the publisher can’t get those guys to take books, they have no effective way of selling them in large numbers. And if they can’t sell a book in large numbers, they won’t acquire it. This is a simplification, of course, and many other factors come into play. A well-written, high-concept book will often overcome the challenge of a bad track record. Also, the children’s side of the market (and the author who asked writes children’s books) is a little more forgiving than the adult side. Though as with everything in children’s publishing, that’s switching to more of an adult model, too, for better or worse.

So despite being stumped earlier, I hope I’ve been helpful. Let me know in the comments if you need clarification.

7

The intangibles in weighing publishing offers

by Jane

Recently, I was selling a book and had three offers – one from a large, well known publishing house, one from a medium sized company, slightly less well known and the last offer was from a tiny publisher located far from New York. After weighing all of the terms of the offers, I recommended to my client that she accept the third offer. My client, quite rightly, wanted to know why.

There are so many factors to consider when one has more than one offer. First, of course, and it was true in this case, is the amount of the advance and the royalty rates. These are important considerations, especially the royalties, when the amounts of the advances are close to each other.

But then there are the other less tangible things:

What is the payout of the advances? In this day and age when advances are being broken down into smaller and smaller increments, the payout becomes every bit as important as the total amount, if not more.

What is the publisher’s distribution capability? Does it have its own sales force or does it use commissioned reps? How are the books presented at sales conferences?

How do the publishers envision the book? What will it look like? Where will they concentrate sales?

How will the book fit into their existing publishing programs? Will it get buried or will it be a lead title?

How enthusiastic is the editor; is that enthusiasm shared by the company’s senior management?

How accessible is the editor? Will the author and the agent be able to communicate with him or her easily?

Will the author be consulted thoughtfully on the title, the cover, the press release, etc.?

What is the publisher’s web presence and how does it promote its books both traditionally and electronically.

All of these things I believe are more important than just being published haphazardly by one of the big name publishers, where the editor is so busy he or she doesn’t have time to return a phone call or ask for the author’s opinion and where, ultimately, the book gets completely lost.

In fact, we do a lot of business with some smaller companies and have seen the books we steer their way sell hundreds of thousands of copies more than they would have had they been published by larger houses.

I’d love to hear about your experiences in this regard. What do you think are the most important factors in deciding which publishing house to go with when there are multiple offers at approximately the same financial level?

9

Expensive covers

by Stacey

We’ve talked a lot on our blog about covers, but I haven’t weighed in yet, and it’s always a topic that people seem to have strong opinions about. A book of mine whose cover changed no fewer than half a dozen times throughout its development, just changed again after it went to print when they learned that one of the images didn’t print well! I was also able to catch glimpses of the photo shoots for a couple of my books recently, from Matt Bites and editor Justin Schwartz.

So I thought this recent piece from PW was timely and pretty interesting to learn a bit about how much thought and discussion takes place before the shoot to get it just right. There are so many people to please, and so many subjective thoughts on what makes a cover work, or not work. This particular piece focuses on a YA series, and they emphasize just how important the cover is for this market, and perhaps the most interesting piece is at the end when they disclose how much money they spend on a shoot like this. Given slashed budgets and limited resources, it’s amazing to me that publishers are willing to spend so much on the jacket. Of course, this is for an established series so they pretty much know it’s going to make money.

I’d love to hear what our readers think about this. Is it worth it to spend up to $25,000 on the making of a jacket?

13

An author’s responsibility

by Jane

The other day I came upon this piece about bestselling author M.J. Rose and it made me realize that there are still many authors who don’t take the bull by the horns and accept responsibility for the process of publishing their books especially in the area of promotion and marketing.

So often I hear clients say that the publisher is postponing publication of their books yet again, and I wonder why they don’t realize that publishers won’t put a book into a final publishing schedule until the final manuscript has been accepted. When the author is late with either his initial delivery or returning his edits, of course his book’s publication is going to be affected.

Then, there’s the author who hates the cover art for his or her book but then doesn’t suggest an alternative. This is part of the authors’ responsibility and it’s why we insist that there be language in the contract offering them consultation on the cover, and while it can be challenging it can also be fun. Ditto for the title. So many authors hate the titles their publishers like; they object, but they don’t come up with any alternate suggestions, and as a result, they are often truly unhappy with their work’s title.

Finally, of course, comes the promotion and publicity and it is here, as M.J. Rose so correctly says, where the author really needs to take full responsibility. No longer are most publishers willing to foot the bill for extensive publicity campaigns for two reasons: 1) they don’t have the money in many cases and 2) most of the methods that were once effective in publicizing a book are no longer working. Today, it is the author’s “job” to promote and sell his or her book—by using social media like Facebook and Twitter, by blogging, by calling on independent bookstores themselves and by doing this every day, especially for the initial six weeks after their book’s publication.

No more can or should an author complain about his or her publisher. This is counterproductive. Instead, the author should take charge in every way possible to get his or her book out into the marketplace and reach a wide reading audience. Only when that has been done effectively can the author become a writer again.

I’d love to hear your thoughts on this so let me know.

3

The importance of reading your contract

by Jane

Over the past months, we have spoken of the many reasons an author needs an agent, and this week, once again one of them became crystal clear.

On Thursday, June 10th, The Authors Guild sent out an alert to its membership that former Bloomberg Press authors should not sign a letter they had received from John Wiley & Sons which is actually a contract amendment that The Authors Guild maintains will make their contracts with their publisher less favorable to them in numerous ways, which Wiley disputed.

Clearly, if an author didn’t read the letter carefully and understand what it was and what effect it would ultimately have if signed, he or she would most likely have been giving up something unintentionally.

This has happened time and again recently with publishers sending authors letters trying to add electronic royalty rates or alter those that are currently in their contracts. In an age of enormous change in our business, I know this kind of thing will only continue to happen.

Which is why it is all the more important for the author to have his or her agent carefully review all of this correspondence and analyze its effect before the documents/letters are signed and sent back to publishers. Even many lawyers often don’t pick up the nuances of publishing contracts and amendments—another reason having a literary agent is necessary.

I would love to hear your thoughts on these contractual shenanigans and whether you think you have been duped in the past.

1

Changes can be positive

by Jane

This last week, there was yet another major upheaval in the book publishing business. Jon Karp, formerly founder and Publisher of Twelve, a division of Grand Central Publishing, was named Vice-President and Publisher of Simon & Schuster. Many will shake their heads and say this is just another instance of a major publishing layoff (Jon replaces David Rosenthal who had been Simon & Schuster’s Publisher for the last 13 years).

I don’t agree. Jon Karp has proven himself to be a publisher of great vision and he is a solid communicator, something our business desperately needs. In my opinion, he also has superb taste. For many months, if not longer, the word on the street has been that “little Simon” as the company is known, was not doing well. Sales were down and there has been an exodus of valuable and talented editors. Hopefully, this change will result in a turnaround.

Indeed, many of my colleagues have been wringing their hands of late at the number of recent changes at the executive level of the major publishers, and it is true that some truly wonderful people have lost their jobs. My hope though is that this restructuring will lead those companies doing it in new, positive and profitable directions. If that happens, we will all benefit–authors, agents and publishers alike. So, though change can be nervous making, my hope is that all of these moves will bring positive results to our beloved world of book publishing.

To BEA or not to BEA

by Jane

So, as we’ve already mentioned, last week was Book Expo, and it took place mid-week for the first time in its history (I believe) and was shortened from three and a half to two days of exhibits with an additional meeting day. The question this raises for me is how relevant is BEA anymore; is it necessary and will it continue?

Historically this annual meeting was known as the American Books Sellers Association (ABA) meeting. It began in the basement of the Shoreham Hotel in Washington, D.C., and was held annually—initially over Memorial Day Weekend. The convention’s purpose was for book publishers to present their fall publishing lists to bookstore owners who would actually place their orders on the floor. Those in attendance from the publishing companies were mainly sales people with some executives making an appearance now and then; editors weren’t included.

Over the years, the ABA convention grew larger and larger. More and more publishers added more and more staff and they began to build larger and larger exhibits. The ABA outgrew the Shoreham and was moved to a convention center in Washington and then began traveling to a different city in different parts of the country each year.

The convention has been held everywhere in the continental U.S. from Chicago, to Los Angeles and Anaheim, to San Francisco, Las Vegas, New Orleans and even Miami (I remember that ABA well—for many reasons, it was a disaster). And each year it grew, with publishers spending more and more money on their exhibits, and having hugely lavish parties to entertain booksellers, authors and agents.

Slowly but surely foreign publishers began to participate and the ABA became a rights fair as well, sort of a mini-Frankfurt (before the London Book Fair grew as large as it now is).

Then as the chains became all powerful and publishers took orders on fall books from these huge accounts before the ABA (or at least outside of the convention), that reason for the meeting became irrelevant. Smaller accounts also started to order less at the meeting and more in other ways and at other times.

Publishers began to realize that the enormous sums of money spent on exhibits, on parties and on travel could not be justified. Displays began to get smaller; some publishers skipped years coming and eventually the exhibit was sold to an organization that became Book Expo. Now, it is a truncated and less interesting event.

My question is what really happens at BEA nowadays? Sure, it is wonderful to see old friends, but the individual exhibits are so small now that one can’t even find the fall books one is looking for. Last week I saw very little activity at the parts of the convention occupied by foreign publishers and the exhibits were downsized from two floors to one in the Javits Center. Very little actual business in terms of the initial book ordering is done anymore and with the other rights fairs around the world, those sold at BEA for the most part are also insignificant.

As I wandered around the floor last week at BEA 2010, I honestly thought to myself that the money still being spent by publishers on this meeting could be much better allocated toward finding new and effective ways to sell books in an age when our business is changing enormously and very quickly.

I would love to know what those of you who have participated in BEA in the past think about all of this.

17

Collateral damage

by Michael

I really feel for authors. Partly because it’s my job, but also because I work with them closely and know how hard the business can be. I wrote a bit about rejection the other day, that being rejection from editors, agents and other “gatekeepers.” But then there’s rejection from the buying public. Sometimes books just don’t sell—the book doesn’t find its intended audience. Worse, sometime people buy the book and then explain to the world, via blog, or tweet or Amazon review, why they hate it. Those reviews sting. But I think there’s something that has to be even tougher: when readers reject your work, without having read it, because of a decision made by the publisher—in fact, they may boycott the book to make a point. But as John Scalzi smartly points out on his blog, the one getting punished isn’t the publisher, but the author.

There have been a couple of major brouhahas that caused readers to consider boycotting books from certain publishers. Earlier this year, there were calls for a boycott of Bloomsbury books over their perceived whitewashing of covers, and there’s quite the Amazon backlash to titles not available in the Kindle format. As Scalzi rightly points out, when one boycotts a publisher, authors are hurt, not the publisher. The author benefits more from one book sale than the publisher suffers from a lost one, as the publisher has an entire list (and probably several other imprints, or even other businesses) from which to make money, while the author has just the one book.

Now, I know what you’re thinking—authors don’t have to be published by any one publisher (I’ll ignore that it’s often the case that only one publisher is willing to publish the book), so they have some say in the situation. But in the two examples above, the controversies didn’t exist when the author signed the contract, and in both cases, the authors had no control over the perceived malfeasance. Authors have control over so little in the publishing process, that singling any one book or author out just doesn’t make much sense.

Maybe you all disagree, and I’m open to hear your thoughts. I just hope people will think twice about who’s getting hurt.

12

Men don’t buy books?

by Stacey

I found this recent blog post by thriller writer and former book editor Jason Pinter thought provoking. He brings up a lot of points we hear often in the book biz about men not reading books, and not being the target market publishers are looking to reach. And it is in many ways out of date and completely short sighted, not to mention the fact that it’s just not true. Look at the bestseller lists for fiction and nonfiction, and there will always be a fine collection of books squarely aimed at male (and female) readers. Books about politics or history or science or technology on the nonfiction side, or what about big runaway bestsellers like Freakonomics? I don’t think the target audience there was women. On the fiction side there are the big thriller writers like Michael Connelly and David Baldacci, currently number 1 on the New York Times list, and what about Stephen King? These are just a few examples of big time authors whose audience is made up of a large percentage of men. The story Pinter uses to illustrate his pitch for the Chris Jericho book is pretty funny, but also a little ridiculous. It’s the kind of thing that can drive forward-thinking agents and editors a little crazy when there’s a good idea or project outside the box–it takes a serious load of convincing and ultimately a leap of faith to get it through. And then when one of these “risky” projects does work, a whole slew follow until the market is saturated and you’re back at square one. I don’t think there’s an obvious answer here, but it does beg a further discussion and perhaps a shift in our collective perception about readers and how we find them.

I understand publishers have limited resources, but the goal, especially in this day and age when there are so many opportunities to draw in new readers, needs to be to stop using old excuses and start implementing new tactics to find the audience, whichever gender they might be.

Publish or perish

by Jane

With all of the sturm und drang going on in the publishing business over the last few months with regard to Amazon, Apple and Google, there is an enormous amount of confusion—understandably.

I found this article in this week’s New Yorker to be quite enlightening. Even if it will “date” quickly because of the speed at which things are changing, I highly recommend that all published and unpublished writers read it. There is much to learn and absorb here.

I would be interested in hearing what you think.