book contract

Welcome to the Shark Tank

by

This post by Rachelle Gardner originally appeared on Books & Such on 5/5/15.

If you’re a writer trying to wrap your mind around the business end of publishing, I hope you’re watching ABC’s Shark Tank.  The show has nothing to do with publishing. But it has everything to do with understanding exactly what you’re doing when you put your query or proposal in front of an agent, editor or publishing committee. You’re going into the shark tank.

The program features venture capitalists looking for businesses in which to invest. The contestants are entrepreneurs with small businesses needing capital. Each contestant stands before the “sharks,” pitches their business, specifies the amount of money they’re asking for, and what percentage of their business they’re offering for that investment. So a guy might ask for $65,000 in return for a 15% stake in in his business; or $150,000 in return for a 30% portion of the company. The sharks get to decide whether they want to invest in the business, and they’re free to negotiate any way they want.

I love this stuff! I’m constantly noticing all the ways the whole scenario resembles publishing. When you’re trying to take your writing out of the personal realm of art and into the public realm of commerce, you’re just like these entrepreneurs asking for others to invest in them.

You’re asking a publisher to invest in you.

 

Read the full post on Books & Such.

 

Start Here: How to Get Your Book Published

by

This post by Jane Friedman originally appeared on her site on 1/28/12.

Publetariat Editor’s Note: We mostly focus on the indie and small press routes to publication here at Publetariat, but since the hybrid publishing model (a mix of indie and mainstream releases) can be very effective it’s never a bad idea to share information on how things work in traditonal publishing, too.

It’s the most frequently asked question I receive: How do I get my book published?

Unfortunately, when I hear this question, I know I’m dealing with someone who is at such a beginning stage that it’s difficult to know where to begin.

With this post, I hope to offer the most critical information and address the most pressing questions, as well as provide a starting point for more fully exploring what it means for you to try and get meaningfully published. I’ve also created an Amazon list of the best resources on this topic.

If you’d like an in-depth guide on how to get your book published, consider my book on the topic: Publishing 101: A First-Time Author’s Guide.

 

First: The Difference Between Fiction and Nonfiction

Novelists (fiction writers) follow a different path to publication than nonfiction authors.

Novels and memoirs: You must have a finished and polished manuscript before you look for a publisher or an agent. While you may have heard of some novels or memoirs being sold based on an idea or proposal, this is rare for first-time authors without a strong publishing track record.

For most nonfiction: Rather than completing a manuscript, you should write a book proposal—basically like a business plan for your book—that will convince a publisher to contract and pay you to write the book. For more information on book proposals and what they entail, click here.

 

Read the full post on Jane Friedman’s site.