Your book has three months to fly off the shelves.
If your book does not sell in the first three months of its bookstore life, it will be remaindered and disappears from bookstores and could end up at “A Buck a Book”. 90 to 95% of books don’t pay back their advance. Royalty will only be paid if the advance is paid back. What you get upfront as an advance is usually all you will ever get.
If you screw up on your first book, you’re out.
If you do well with it, publishers will be eager to see your next title. But if you don’t sell a lot of books, your agent or publisher will not want to read your manuscript when it comes time to offer your second book.
Traditional publishing is very slow.
Unless you wrote a political tell-all, your book is going to ”be in the making” for two years or longer until it goes into the bookstores. You need to be sure your topic is timeless and that you will be interested in publicizing it years from now.
Most likely your book will not be published in foreign countries.
Unless you have a savvy agent (preferably speaking several languages) who is trying to sell your book abroad, there is little chance that your publisher actively tries to find buyers in foreign markets.
Your advance will be the only money you will see.
You can get as little as $5,000 or as much as $500,000, but either way, you’ll pay 15% of this amount to your agent, and the remainder will be paid in thirds or quarters over the next couple of years. So you first need to “earn out” the advance, before any royalties will be paid to you.
Publishing is the slowest possible get-rich-quick scheme.
Breaking into big money publishing is like becoming a movie star – being talented definitely helps, but luck plays a big role and the odds might not be in your favor.
Sorry, no publicity.
Until a decade or two ago, publishers did some marketing for books. Now, in the best case, they might send out some galleys and wait to see if anyone is interested. Then they focus all their publicity on the books they expect to be a bestseller. If you want your book to be a success, YOU will have to do ALL the publicity yourself!
Books don’t sell themselves, as most writers sooner or later find out – often too late. If you are interested in making money or selling your book for a long time, better consider e-books and self-publishing. But in any way, marketing skills or at least the willingness to learn about marketing and PR to promote your book, are essential for an author.
If you would like to get help in all things publishing, have your book heavily promoted and learn how to navigate social media sites: We offer all this and more for only a “token” of $1 / day for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/seminar
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May 12, 2013 at 7:48 pm
this is a very interesting post. I was wondering if i could have your permission to reblog?
August 29, 2013 at 10:07 pm
sorry, your comment got somehow lost. Please feel free to re-blog anything, you find here on WordPress.
Just click on the REBLOG button on top of the page.