RSS

Foreign book rights

14 Apr


When a foreign publisher makes an offer to acquire rights to your book for its count
ry, the game is on. Negotiating a deal that is good and fair for both of you is your agent’s job.

world map

Most agents charge 20% (or sometimes even 25%) on foreign sales (including British and translations).
This 20% rate is justified because normally two agents are involved (the second one being in the foreign country), and they end up splitting the commission.

You should never agree to be paying over 25% commissions for any type of sale.
Note that your foreign sales will likely be subject to a local withholding tax (10% is common), and that all of that tax burden will be borne by you (that is, the agent will take his or her commission off the pre-tax gross).

If you are not represented already, why not try to find agents or even publishers yourself in other countries, especially if you speak more than one language?
I just found a blog post from a successful writer, who did just that: searched the internet, found contact addresses of agents in other countries and contacted them. He wrote:

“How does one sell rights in the international marketplace?
My first foreign rights sales occurred as a result of Book Expo America, where for a small fee my book was displayed in a co-op booth.  Although the book didn’t take Book Expo by storm — as I somehow thought it would — it received interest from and I sold translation rights to publishers in Mexico, Poland and Nigeria.  If publishers in such diverse countries and cultures wanted the book, I was sure publishers in other countries would also want it.”

Read the whole article here:
http://axiomawards.wordpress.com/2008/09/05/selling-foreign-rights-around-the-world/

.

.

.
Hyper Smash

 
2 Comments

Posted by on April 14, 2011 in Marketing, Publishing

 

Tags: , , , , ,

2 responses to “Foreign book rights

  1. Slim Lipo Plus Reviews

    June 24, 2013 at 11:20 pm

    Pretty nice post. I just stumbled upon your blog and wanted to say
    that I have truly enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!

     
  2. Twitter Followers

    January 20, 2014 at 3:51 am

    Hi there, I found your web site via Google while looking for a
    similar topic, your site got here up, it seems to be great.
    I’ve bookmarked it in my google bookmarks.
    Hi there, simply became aware of your blog thru Google, and found that it’s really informative.
    I’m gonna be careful for brussels. I’ll be grateful in case
    you proceed this in future. Numerous other folks shall be
    benefited from your writing. Cheers!

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: