Pub Rants

Category: agenting

Former Egmont Authors: Check Your Royalty Statements

by Kristin Nelson

Publishing is a complex business with a lot of moving parts. Every contract is unique, and most errors we find on royalty statements are caused by data-entry mishaps that occur when contract terms are incorrectly keyed into publishers’ accounting systems.

In other words, human error is often the culprit.

So I’m going to give Lerner the benefit of the doubt and assume that such a scenario is currently at play here.

A recap of history for context: In January 2016, news hit the wires that Egmont USA children’s publisher was closing up shop due to its failure to find a buyer.

This created a lot of consternation, as more than 100 titles that were going to be published were now suddenly in limbo and contracts would most likely be canceled.

Good news was just around the corner, though, in the shape of Lerner, who bought out the titles and committed to honoring the contracts. Authors would live happily ever after!

Until their royalty statements arrived.

On the surface, everything looks normal. Royalty rates appear to be the same as they were under Egmont—except for one very crucial difference. Egmont contracts specified that author royalties would be calculated based on list price. But when the Lerner statements arrived, royalties are now being calculated based on net amounts received.

Not the same thing.

How do they differ? Let’s do some easy math: 10% of list price = approximately 20% of net amounts received. If this in play, the author will earn approximately the same amount of money, regardless of whether the calculation is done based on list price or based on net amounts received.

So not a big deal. The problem occurs if the number “10” stays the same, but how it was calculated changes.

Here’s why: 10% of net amounts receive is one-half (1/2) the royalty money earned in comparison to 10% of list price.

That’s a significant drop for the author.

It’s pretty easy to see how this might simply be a data-entry mistake. Either way, I feel compelled to alert writers might have been unagented when they signed contracts with Egmont and, thus, probably didn’t catch this accounting error—especially if they are unfamiliar with deciphering royalty statements.

It is also possible that a fair amount of literary agents have also missed it—especially if they haven’t yet audited the Lerner statements.

So former Egmont authors, check your contract, and then check your royalty statements. Make sure you’re getting paid everything you’re contractually owed!

Photo Credit: Ano Lobb

Why It’s Dangerous To Think That “Diverse Books” is the Latest Hot Trend

by Kristin Nelson

(Just a note, this post is from our archives. Some references and links may be from past years.)

Just recently, PW published an article in which agents shared their thoughts on children’s books and YA trends. Although I’m quite tickled that so many agents are seeing lots of submissions featuring diverse characters, it’s dangerous to consider diversity the latest YA trend.

I’m sure I’m not the only agent who can say they’ve been repping diverse authors/books since day one. It certainly didn’t take a trend for me to sign those books and authors (for example, Kelly Parra’s awesome MTV Book Graffiti Girl in 2007, Kim Reid’s memoir No Place Safe in 2007, and Simone Elkeles’s Perfect Chemistry in 2008). But I can say this: unequivocally, before #WeNeedDiverseBooks became a rallying cry in April 2014, selling in a diverse author/book was tons harder to do. I have my submission logs to prove it. It often took me about 12 to 16 months of grim determination to find a diverse book a home.

If diversity is now hot enough to make the selling-in part a lot of easier, trust me, I’m all for it. Yay! Finally! But I absolutely do not want diversity to be considered a trend in young-adult literature, and here is why: If something is a trend, then it can go out of fashion just as quickly as it came in. And quite frankly, that would be a travesty.

The blunt truth is that selling a diverse book is a perfectly normal thing to do in publishing. So my rallying cry? Agents, new and old, even when diverse books become harder to sell, as they inevitably will (in publishing, trends of every kind have always come and gone), keep on keeping on.

Diversity is not a trend. It’s simply here to stay. This is the new normal.

Photo Credit: Ahmed Alkaisi

Why I Can’t Tweet My Manuscript Wish List

by Kristin Nelson

If you’re a writer on Twitter, you probably know that #MSWL is a popular hashtag. It’s how lots of agents and editors broadcast their submission wish lists.

I love it! But I can say with complete certainty that I’ll never post a #MSWL list. Why? Simply because I honestly don’t know what I’m looking for until I start reading it.

Case in point: When I read Stacey Lee’s UNDER A PAINTED SKY in manuscript form, never in a million years would I have posted to #MSWL that I was looking for a young-adult novel set in the American West, with two female protagonists—one Chinese, one African American—on the run and cross-dressing as boys to disguise themselves.

Yeah. I don’t think that would have come up.

But the minute I started reading, I knew I had to have that book. And thank goodness Putnam Children’s agreed with me.

So here’s the plain, honest truth: I have no idea what I’m looking for until the voice of a story grabs hold of me and doesn’t let go.

Just recently, I sold two science-fiction novels—DARE MIGHTY THINGS and THE BLACK HOLE OF BROKEN THINGS. Both, oddly, feature a competition at the heart of the story.

Ha! If you’d asked me whether competition stories were on my wish list, I probably would have said no. Popularity of The Hunger Games and all.

But once Emmett got a hold of me in THE BLACK HOLE OF BROKEN THINGS, I was 100% in. And in DARE MIGHTY THINGS, once Cassie Dhatri convinced me that competing for the opportunity to be an astronaut was cooler than competing for a prince and a kingdom, my inner geek girl squealed with delight. I was in.

So keep that in mind when you ask an agent, “What are you looking for?” If they have a ready answer, take it with a grain of salt. Rarely do we find exactly what we are looking for.

As the Rolling Stones would say, “You can’t always get what you want, but if you try sometimes, you might find you get what you need.”

Photo Credit: Hey Paul Studios

#1 Reason We Requested Only 216 Sample Materials In 2015

by Kristin Nelson

At the beginning of 2015, I implemented new submissions guidelines. Instead of reading queries and then requesting sample pages, I now request that authors include the first ten pages of their manuscript along with their query letters.

What a difference! Instead of reading only 45 full manuscripts (like I did in 2014), I read 87 full manuscripts in 2015, plus 129 sample pages, and although many of these projects weren’t right for me, they did end up being right for another agent.

Now, having tried this new submissions process for a year, I can definitely identify some pros and cons.

PRO: I’m guessing writers probably love it. It gives them a chance to wow me with some opening pages, whereas before, if they didn’t perfectly nail the query letter, they might have been out of luck.

CON: Sometimes it takes me weeks longer to respond to queries than I would like. If I know I have to read some pages with it, I can’t just breeze in and get it done in 30 minutes. I need at least an hour to read the sample pages attached.

PRO: I’ve learned that some writers can nail the query letter, but their actual pages are not quite ready for an agent to read. And I can decipher this pretty quickly. This allows me to ask for full manuscripts of novels that are ready.

CON: It’s more pressure for the writer to really nail those opening pages.

PRO: The number of novels I read all the way to the end went up in 2015. It’s pretty rare for an agent to read an entire manuscript if they know early on that the project isn’t for them. I actually read many more novels to the conclusion before making a decision about offering representation.

CON: Man, I was a bit slow in getting back to some writers. I had several manuscripts for an embarrassingly long period of time.

INTERESTING TIDBIT: When I do ask for a full, I almost always make my decision on whether it’s right for me within the first 60 pages.

2015 End-Of-Year Stats!

by Kristin Nelson

It’s that magic time of year when I tally up the numbers and share Kristin’s Yearly Stats! Apologies for being so slow to get this posted.

37  :  total number of New York Times bestsellers (up from 33 total in 2014)

51  :  books released in 2015 (22 print releases, 9 reprints, and 21 digital releases)

3  :  new clients, two of whom sold at auction for six figures. One deal is public, the other is not yet announced. The third client is going on submission next month!

29,000+  :  estimated number of queries read and responded to

87  :  full manuscripts requested and read (up from 45 last year)

129  :  number of sample pages requested and read (down from 856 last year. See my January Newsletter column Think Like An Agent below to learn why we requested far fewer sample pages this year than we have in years past.)

2  :  number of projects currently on submission

71  :  foreign-rights deals done (down from 99 last year, mainly because I only took on one client in 2014), 14 in Asia, 3 in Brazil, 3 in Mexico/Latin America, and 51 in Europe

4  :  TV and major motion picture deals

46  :  number of print runs for my longest-selling title, which is Jamie Ford’s HOTEL ON THE CORNER OF BITTER AND SWEET—which originally published in 2009. Twelve for the hardcover version, 34 for the paperback—four of which occurred in 2015! Crazy for a title to still be getting reprints after six years.

8  :  conferences attended (which includes Bologna Book Fair, London, BEA, and Frankfurt Book Fair)

3 million+  :  copies in print/sold for my bestselling long-running series this year

2.5 million+  :  copies in print/sold for my bestselling individual title

3.5 million+  :  copies sold for my bestselling hybrid author

Millions and Millions  :  ebooks sold for four of my bestselling indie-publishing-only authors. I can’t even track anymore.

100  :  physical holiday cards sent

539  :  electronic holiday cards sent

Not telling it’s so embarrassing  :  number of eggnog chai lattes consumed during November and December

Lots  :  of late nights reading on my living-room chaise with Chutney

All  :  great days loving my job!

Happy New Year!

Your Writing Should Not Be Your Main Source of Validation For Who You Are as a Person

by Kristin Nelson

I think this can be the most debilitating mistake an aspiring writer can make. There be dragons if you start down this mental path.

I recently gave a talk to Regis University’s MFA in Creative Writing students. In the fifteen-minute Q&A, one participant asked why it was so hard to get a literary agent to even look at her project. I could hear the frustration in her voice. I didn’t have a ready reply because the truth is that there is no good answer.

Writing is personal business. And any response and/or rejection can definitely feel like a commentary on your talent and who you are as a person.

But here is the reason you need to start thinking like an agent and less like a writer when it comes to submitting your material. If someone passes on your work, that rejection is not a commentary on your qualities as a human being. In a lot of instances, it’s not even a commentary on your ability or talent as a writer!

Let me repeat that: A rejection is often not a commentary on your writing talent.

I can cite a bundle of different reasons why an agent or publisher may pass on your work, reasons that have absolutely nothing to do with your writing ability. Don’t believe me? Here are a few (and in no particular order):

  • The agent/publisher has seen two-dozen concepts just like that one in the last four weeks.
  • That concept trend was hot, so now the Publisher has bought too many similar projects for their list and will not be acquiring any more.
  • The agent has an aversion to that type of story. I know a well-respected literary agent who personally cannot handle any story in which a child is in danger, and so will pass on any submission containing such scenes.
  • The editor could not get support in-house from the sales/marketing team to acquire the novel.
  • An agent read the story and thought the writer was talented, but for whatever reason, just didn’t connect with it enough to offer representation.
  • Bad timing. The agent was on vacation or at a conference, or just back to the office, and is simply swamped. It’s hard to be excited about taking on someone new if you are buried in work that can’t be accomplished in a 40-hour work week. And, LOL, no good agent works only 40 hours. It’s more like 60+ a week.
  • There’s talent on the page, but the editor or agent might think a significant revision is necessary, and taking the hour to write up an editorial letter isn’t going to happen.
  • The novel just has an element the agent is never enthusiastic about. For example, some agents are never going to take on a fairy-tale retelling or superhero story. It’s just not his or her thing.

I could go on. There are so many reasons that when I spoke at Regis, the best advice I could offer is this: Do not use writing as a means of validating who you are as a person.

No matter what an industry person’s response is to your written work, your writing is only one facet of who you are as a human being. Don’t make it everything, or you may lose your joy of writing and find the whole business very depressing indeed.

Photo Credit: BK

Sending A Rejection Email Is Sometimes The Worst Thing Ever

by Kristin Nelson

Last week, I just had to share on Facebook and Twitter an article I saw in Publishers Weekly called “Trying To Find A Literary Agent Is the Worst Thing Ever.”

I had a sneaking suspicion that it would ring true for a lot of aspiring writers. With over 7,000 people viewing the post on FB, I guess I was right!

But here is a little tidbit I bet most writers don’t know. Sometimes being a literary agent is the worst thing ever. Agents are in this biz because we love books, admire writers, and want to make dreams come true. Sending out a rejection is none of the above. I really don’t want to be in the business of crushing dreams.

Crushing dreams truly sounds like the worst job ever.

When I sell a debut author, a first-time writer finally realizing his or her dream, that is the biggest high. I’ll be giddy for weeks after because I just helped fulfill someone’s long-held dream. How awesome is that?

In 2015, I had the pleasure of selling two debut authors. Not only that, but each project sold at auction for an amount that could reasonably entice the debut author to quit his or her day job. Writing as your full time job—talk about ultimate wish fulfillment!

But trust me when I say that sometimes being a literary agent is the worst thing ever. The majority of us don’t sit in our office chuckling maniacally with glee at every rejection we send. The truth is that I hate sending rejection letters. And two of my former assistants ultimately moved on to different jobs because they, too, hated having to say no.

Some days it’s truly the worst thing ever. I see many a worthy project that I simply can’t take on. Every new client is a big-time investment because agenting—and agenting well—is a huge commitment.

I don’t expect a lot of sympathy from writers. But do know that I, for one, don’t take pleasure in hitting the send button for a rejection.

Photo Credit: Tilemahos Efthimiadis

3 Strategies For Your Post NaNoWriMo Project – From An Agent’s Perspective

by Kristin Nelson

You pounded out 50,000 words or more in the month of November. You rocked NaNoWriMo. Huge Congrats! But wait, before you press send, here are three things to consider:

Strategy #1: Consider the holidays

Don’t send out your novel in the month of December. Put yourself in an agent’s shoes for two seconds. The holidays are fast approaching. Agents are motivated by closure and wrapping things up so they can take two weeks off. Submissions are going to get read quickly so agents can check them off a to-do list that is always longer than time can accommodate.

So not the mindset you want an agent to be in when they read your novel. We are only human after all.

Strategy #2: Polish, polish, polish before submitting

If I had a dollar for every time a writer re-queried me for a project significantly revised since my rejection, I could live large. Often writers ask if they can resubmit, and 99% of the time, I decline. There simply isn’t enough time in the day for me to read submissions twice. Agents expect you to be ready the first time around. Don’t blow what might be your one chance with a particular agent.

But if I requested the revision, that’s a different story. Trust me, you’ll know if I’ve requested a revision from you.

Strategy #3: Don’t get stuck in the post-holiday crush

Don’t submit during the first few weeks of January. Why? I’ll tell you right now that that on our first day back, we’ll get 600+ queries. Hard to stand out in that influx.

Best time to submit? The last week in January/first week in February.

Agents are back in the swing of things and excited to read. February is usually a slow month for us.

#2 Reason I Pass Even If The Writing Is Good

by Kristin Nelson

Writers tend to assume that good writing trumps all when it comes to getting an offer of representation. Not true. Here is the #2 reason I will pass on a full manuscript even if the writing itself is stellar (for any of you who don’t read my blog, Pub Rants, see the #1 reason here):

Lack of story conflict for the protagonist.

To put this another way, the main character doesn’t have enough at stake to drive the story.

I recently read a full manuscript in which the writing and world building utterly charmed me. I loved spending time in the space the writer had created. But I arrived at the end of the novel and realized that being charmed was all there was to it.

Even if the writing and the world are charming, no stakes means no conflict. Why is that a problem? Because no conflict means no story. Conflict—or what’s at stake for the main character—is the engine writers use to tell a good story.

In this particular case, I did write up a lovely but short revision letter outlining my concern. I shared that with the author, along with an invitation to revise and resubmit. I’ll be delighted to give that one another look.

Still, the novel would have been stronger had the writer nailed this necessary element the first time around. It’s harder for an agent to read with “fresh eyes” the second time.

So remember, writing talent + story conflict = masterful manuscript.

Photo Credit: Ken & Nyetta

#1 Reason I Pass Even If The Writing Is Good

by Kristin Nelson

I’m not sure this has ever been said aloud….

For submissions, I’m pretty certain that writers assume that if the writing is good, an agent is going to be interested in offering representation to the author.

No doubt–good writing is essential but as an agent, I’ve passed on any number of submissions that exhibited some stellar writing. Why? Doesn’t talent trump all? Nope.

The #1 reason I pass on manuscripts with good writing is because of a lack of pacing.

Just recently, I read a submission where I thought the writer was extremely talented. As I was reading, I couldn’t help but think that the beginning seemed ponderously slow. I gave up before page 100 despite some lovely lyrical prose on the page. I glanced at the query letter again and there it was, the word count for the story. It was well over 100,000 words for a project that needed to come in more around 80,000 words.

Yep, that confirmed it for me. The plot pacing was way off. Sadly, I just didn’t have enough time in my schedule to try and take on such a big edit to fix it.

So remember, writing talent + pacing = masterful manuscript.

Photo Credit: Marc Falardeau