|Book Marketing Information|
The High Cost of a Six-Figure Book Advance
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.
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 email@example.com to ask about custom web content.
Whats Killing Your Publishing Career?
With the large increase of books being published by self-publishers, and the up-rise of print on demand, there is still a lot of death taking place in the publishing industry. Thus far, 175,000 books have been published in 2005.
How to Grab the No.2 Spot on Amazon for Advance Book Sales
When my first book was published way back ten years ago, I thought that was it.
Comments From A Book Reviewer
For the past several years I have been reviewing books for my own site, Bookpleasures.com, as well as many other sites. I am also a regular contributor to the Canadian Book Review Annual. As editor of Bookpleasures.com, I would like to make a few comments about book reviewing and what to expect, particularly from Bookpleasures.com.
Promotion - Credibility Extras
For many of us, marketing our titles is one of the most tedious tasks of being an author. Even authors who published with large New York houses are expected to take part in marketing and promotion. Many articles and several books have been written to give us guidelines. One thing all marketing experts stress is the importance of being professional.
Top Ten Getting Started Tips to Market Your Book and Business
Want to sell a lot more books? Want clients calling every day to find out more about your service? Most emerging businesses forget the #1 way to promote anything--the Internet. Specifically, writing and submitting articles.
10 Reasons Why People Attend Book Signings
This is the survey result of 325 people conducted by myself so I can improve at my own book signings. After completing the survey, I saw the wealth of insight it had given me. I felt it was important to share it with a wider audience. I also interspersed some personal experiences.
Successful Book Marketing The Natural Way - Part 2
Is your mind muddy on book marketing? Do you wake up each day and say, "I'm not a social person and I hate to beat the drum for my book" or "I just wish someone else could market my book for me"?
Top Ten Basics on Internet Article Writing to Promote your Book
Whether you have already written articles and published them or not, you may want to check out the difference between writing for online ezines and web sites and writing for print media. While some writing concepts work for both, online writing needs a shorter, more focused approach.
Are You Ready For The Publishing Revolution?
Writing has traditionally been considered a solitary craft. You wrote you article or book in seclusion. You submitted it to an editor or publisher and prayed it would be published.
Dont Sell your Book, Share It
Most authors who aren't used to speaking before a group think, "I'd rather get a root canal than have to 'sell' my book." If you think about how great your book is, how you wrote it because you wanted to help or entertain your audience, you can change this fear to the idea of sharing your book.
Titles (and Subtitles) Sell Books!
Does a title really sell a book? The short answer is, yes. If a book does not attract a reader initially, it will be overlooked and not purchased. The book title is the element that creates the initial attraction to the book.
Top Six Lies About Book Marketing: (And the Truths to Set Your Book Free!)
If you're like me, you have a book and the passion to spend the rest of your life making it a success. But, with all the ways to market your book, the costs and the inevitable sinking feeling of utter helplessness, what can you do?
Make your Book Stand Out From the Crowd: Know your Audience
Most authors say, "Everyone will want my book, and when I take it to Oprah, it will sell millions, and I'll make millions, too."
Secrets to Selling Books by Mail
This is intended for informational purposes only.
Why Would I Buy Your Book? Six Steps to Your Tell and Sell - Part 2
How would you like to have countless people clamoring for your book and willing to visit your Web site to buy them? How would you even like to presell your self-published book before they are finished?
What?s Wrong with the Internet? It Must be Broken!
After months of scouring the internet, I could not put my hands on the 2 million links various search engines said were available to do my book promotions. First, let me say I perceive myself as an intermediate user of the internet, but maybe my perception was misguided as I searched and realized I couldn't put my pointer on the links I wanted.
The Booklet Journey Opening a New World
1991 was a pivotal year in my life. My professional organizing business was 8 years old.
Increase Book Sales: When a Book is No Longer Just a Book for Sale
Do you have books sitting in your garage that you haven't sold yet and looking for ways to move them? Then you will want to know about these five outrageous ideas that aren't difficult and can be just plain out fun.
Media Events for Book Promotion
"How do I set up a media event?" -- As a publisher, that's a good question to have an answer for.
Sell More Books on Amazon.com
Why Should Your Book Be on Amazon.com? Credibility. If your book is important, it should be available at the world's biggest book store.
|home | site map|