|
|
|
|
|
|
|
|
|
|
|
The six-figure book advance, like the New York Times bestseller, is the object of many a writer's fantasy. Whether it's also a realistic goal is something else again.
Can you really get a six-figure book advance?
When Susan Page wrote The Shortest Distance Between You and a Published Book in 1997, she included the following list of the qualities that you and your book have to have if you're going to get a six-figure advance.
Page's aim was to deflate unrealistic expectations. Her book aims to get you into print, not necessarily to get you rich. Most authors do not get rich from their books. Most publishers don't get rich either. Book publishing is an industry in which there is very little profit. If authors get rich, it's usually because having a book lets them sell expensive services and book high-paying speaking gigs.
You can get a six-figure advance, but it will cost you.
And I don't mean the $197 price tag on Susan Harrow's new e-book, Get a Six-Figure Book Advance. A $200 investment is nothing if it gets you a $200,000 return. Using the proposal template/software included with her $197 e-book, you'll be able to produce the kind of proposal that will have publishers in hot pursuit-but getting the advance requires a whole lot more than just buying the book or even having all the right elements in your proposal.
If you want a six-figure book advance, you're going to have to work for it.
Susan Harrow, jokingly known as a "de-motivational coach," doesn't try to pretend otherwise. In her August 4th teleclass, co-hosted by ghostwriter Mahesh Grossman of the Authors Team, she made it clear just how much work goes into getting a six-figure advance, and how long and hard you have to keep working after you get the money.
How advances work
In order to persuade publishers to pay you $100,000 or more before your book is published, you have to convince them that your book will sell at least 100,000 copies. (Your royalty will be about $1/book for a trade paperback, possibly as much as $3/book for a hardcover, so you do the math.) And since books don't sell themselves, what you're really saying to the publisher is that you can sell those 100,000 copies.
Yes, a publisher that invests that much money in you will also invest more in the production and marketing of your book than in someone who gets a smaller advance, but when you get right down to it, no one really buys a book because of its publisher. And your book won't sell just because it's a good book. People rarely buy non-fiction books for the quality of the writing. They buy for the quality of the information-and in the mind of the public, that depends on the expertise and reputation of the author. It all comes back to you.
How do you get readers to think of you as an expert?
First, they have to know you exist. If you're not already a celebrity, you're going to have to become one, or at least put up a convincing show. If you don't have legions of fans, you should at least have thousands of subscribers to your e-zine or blog, or a syndicated column in a newspaper. If you haven't been on Oprah or The Today Show yet, radio interviews and local TV news programs are a good start.
Getting into the public eye
To get visible enough fast enough, you probably need a publicist, which means shelling out several thousand dollars. In order for media attention to do you any good, you have to look good and sound good every time you appear. That means getting professional media coaching before you start lining up interviews to make up for not being a celebrity. You need to arm yourself with a repertoire of sound bites for all occasions and rehearse until you can spout them in your sleep.
That doesn't just take money, it takes time. It takes work. And no one can do it for you, either, because you, as the author, have to be the one in the limelight.
Editing is essential for a killer proposal.
Media coaches and publicists aren't the only team members you'll have to enlist if you want a six-figure advance and a book that justifies it. The services of a professional editor are essential for both your proposal and your finished book. In fact, you might just want to hire a ghostwriter and get it over with, because you're probably going to be too busy marketing to write.
That's more money spent in advance of getting your advance.
Post-publication publicity
You're not through yet, either. Now that you've gotten enough media attention for yourself to impress a publisher, you have to do it over again for your book. You're going to have to shell out a good-sized chunk of that advance on your own publicity efforts. More and more publishing houses assume that your advance is the marketing budget for the book, so they expect you to spend your own money on getting the book sold. (Tip: when mentioning this in your proposal, always make the offer contingent on the publisher matching the amount.) This expectation actually holds true regardless of the size of your advance, but the more money you want to get, the more money you have to spend.
Six-figure advances are not for the faint of heart
Writing a good book is the least of the challenges facing you when you set out to get a six-figure advance. Moreover, if you don't earn out your advance by actually selling 100,000+ books, your chance of getting such a large advance again are nil. To succeed when the stakes are this high, you need to become an Olympic athlete of a book marketer. That can be hard to do if you have either a day job or a family, never mind both. And it's almost impossible if you don't have a substantial chunk of starting capital.
Do you really need a six-figure book advance?
For many authors, five figures is plenty, especially for a first book. Even if it loses money, that book will create the leverage the author needs to succeed in other aspects of her business. (That's one reason self-publishing can be such a good option for business book authors.) Getting a smaller advance still takes work and costs money, but it's a much more manageable goal for a first time author without fifty grand to invest in getting into the bookstores.
(c) 2005 Sallie Goetsch.
You have permission to reprint and distribute these articles online, in whole or in part, free of charge, as long as you include complete attribution.
Author-izer and Collabowriter Sallie Goetsch started writing at the age four. She specializes in turning busy professionals into authors. Get free articles for your e-zine, newsletter, or website from her article blog or e-mail authorizer@fileslinger.com to ask about custom web content.
NOTE: Because many words in this article are likely to... Read More
Once upon a time, people went to bookstores when they... Read More
Play a bigger game with your book sales by expanding... Read More
Imagine you share a huge penny... Read More
Do you have books sitting in your garage that you... Read More
These marketing tips aren't for the weak at heart. Use... Read More
A flyer is an excellent, inexpensive way to promote your... Read More
Most authors say, "Everyone will want my book, and when... Read More
Why write an introduction? Nobody reads it anyway. Up until... Read More
The topic of your book or eBook counts-big time. Which... Read More
A clever title is great if it is clear, but... Read More
Wouldn't you rather write a book that sells well than... Read More
How would you like to have countless people clamoring for... Read More
Not all books come out whole, all at once. In... Read More
Make your book stand out from the crowd! Test your... Read More
To create a saleable book you need to know your... Read More
Whether you are just starting or almost finished with your... Read More
"Are you disappointed and tired of time and money down... Read More
Reach 15,000 to 100,000 targeted buyers every week Online. That's... Read More
Most authors sigh a sigh of relief when they finish... Read More
Your print or ebook is nearly finished. You wonder if... Read More
Your print or ebook is nearly finished. You wonder if... Read More
Editors will buy a book for one or more of... Read More
The total number of books sold by small, part-time mail... Read More
Where is your book now? With a distributor? In a... Read More
Many self-publishing authors plan on eventually selling their book to... Read More
How would you like to sell more copies of your... Read More
Authors, publishers and business owners are great at getting their... Read More
These marketing tips aren't for the weak at heart. Use... Read More
Without a website, an author is unknown. Without a website,... Read More
A book event (a book signing) is a popular way... Read More
Marketing your own book can seem like a scary task.... Read More
During the past year or so, I have done nearly... Read More
Tomorrow night is my first Local Writers Fair. I've been... Read More
The total number of books sold by small, part-time mail... Read More
Wouldn't you rather write a book that sells well than... Read More
Your book expresses your wondrous information, your creativity, and your... Read More
When authors think of their audience buying books they think... Read More
Not all books come out whole, all at once. In... Read More
Are you using these methods to promote your articles?If not,... Read More
Whether you are just starting or almost finished with your... Read More
To get a book cover design may be expensive and... Read More
Imagine your book at the top of the Best Sellers... Read More
Working in the publishing industry comes with a high expectation,... Read More
A flyer is an excellent, inexpensive way to promote your... Read More
Much has been written about book proposals. But less has... Read More
Imagine you share a huge penny... Read More
Francine Silverman. Book Marketing from A-Z (InfinityPublishing.com, 2005). Trade paperback.... Read More
Whether you have already written articles and published them or... Read More
What is a book club sale? It is actually a... Read More
Book Marketing Book Marketing |