Pub Rants

Category: Agents/Agenting

Second Time Around

STATUS: Happens every time I come to New York City. I must look like I know where I’m going because invariably a stranger will come up to me and ask for directions. This time a lady was looking for Wall Street while we were standing in the east Village.

What’s playing on the iPod right now? NOTHING COMPARES 2 U by Sinead O’Connor

This entry is going to make me think of Frank Sinatra’s “Love is better the second time around” (which might be oddly appropriate for Valentine’s Day).

Lately I’ve been fielding a few requests from authors who have revised a full manuscript that I’ve read and passed on but would like me to give it another look.

I’m usually willing to if I thought the work was a near miss the first time around; however, when I look at my statistics, I have yet to sign somebody up when that has happened. (Although, oddly enough, I’ve had agent friends who have consequently signed them after I had given a thorough revision letter. Go figure!)

That got me thinking about the why behind that statistic. It’s not impossible but it is harder to feel the love the second time around and mainly I think it’s because the work doesn’t feel “fresh” because of the previous read.

That initial feeling of excitement is always a little tinged because one knows the storyline (and the possible flaws that may or may not have been fixed).

It’s hard to create that “first read” distance with a second round. I’m still convinced it can happen though which is why I’m always willing to give it a try because there is an author out there who will blow that statistic out of the water!

There Will Always Be One

STATUS: The only problem with doing a lot of deals is doing all the time-consuming contracts. Small price to pay really.

What’s playing on the iPod right now? HAPPY TOGETHER by The Turtles

I know I’ve said this before but it bears repeating. No matter how good a manuscript, no matter how many editors attend the auction, no matter how much the project went for in the end, there will always be at least one editor who passed on the novel.

Always.

For fun, I went back into Ally Carter’s submission folder. In case you’ve been living under a rock, one or both of Ally’s Gallagher Girl books have been on the New York Times Bestseller list for many many weeks.

She received no less than 5 rejections. Now the actual content of those letters isn’t mine to share but I can give you a general idea of why those houses passed. Two said that they thought the spy school idea had been done and it wasn’t fresh enough. Two other houses passed because they were afraid it was too similar to other books on their list (certainly a valid concern but when I look at those titles, they have never appeared on the NYT list). Okay, I probably shouldn’t have rubbed it in there.

The last house thought it should be grittier and was disappointed that it wasn’t more so.

In the end, two houses made pre-empts. One of which we accepted.

So I know there is one very sad editor out there who couldn’t convince her publisher to go higher in that pre-emptive offer and then there is Ally’s editor at Hyperion who is very glad she came in strong and now has the sales figures to validate her gamble.

Keep that in mind if you are currently on submission. I imagine that JK Rowling and Stephenie Meyer also have a letter or two that might make them chuckle now.

Read The Fine Print

STATUS: If you have been reading deal lunch lately, then you’ll get a pretty good sense of what I’ve been up to. Deal after deal after deal. Love it. And even better? I’D TELL YOU I LOVE YOU BUT THEN I’D HAVE TO KILL YOU is still at #4 on the NYT bestseller list. That’s 6 weeks and counting. Maybe it will become a permanent fixture!

What’s playing on the iPod right now? WHO NEEDS LOVE (LIKE THAT) by Erasure

Sheesh. You probably shouldn’t have to tell a literary agent that! I spent this morning toying with my new Amazon Kindle. I have to be honest and say that before now, I hadn’t shown much interest in e-readers.

So what pushed me over the edge? When I read an article about the new Kindle that detailed that the owner could not only easily download books from Amazon.com but could also email documents to him or herself for reading on the Kindle. Oh baby, can you say “read full manuscripts” on a nice compact and light device instead of my big whopping laptop?

I can. I signed me up for that new device as fast as my fingers could fly across the keyboard. Then promptly waited a full month before my order could be delivered. They have back log of orders at good old Amazon.

Well, the article I read forgot to mention one little thing. Yes, you can email Word and PDF documents to yourself but here’s the catch. It’s Amazon’s wireless whispernet you’re using (in conjunction with Sprint Data Technology) You guessed it. They charge $0.10 an attachment to “convert” the file to their proprietary extension that is then auto downloaded onto the Kindle.

There really is no free lunch is there? Heck, I don’t care. At least there is no monthly wireless charge and I love the darn thing already. (And to be fair, Amazon does allow you to convert to the Kindle file, download to your computer, and then transfer to the Kindle via a USB connection for free but I’m too lazy for all that.) I’m even all excited to read my first requested full manuscript on it starting tonight.

And my tech person is setting it up so Sara can send sample pages from our submissions database to my Kindle as well.

I’ll never be bored in the grocery store line ever again. Have large purse; will travel in Kindle style. Of course, this may bring new meaning to the idea of never leaving work.

Research Is Free

STATUS: I can’t believe it is already 5 o’clock. Do you ever have those days where you start working and then realize you’ve missed lunch by a long shot? Sigh. All good stuff though.

What’s playing on the iPod right now? EAT FOR TWO by 10,000 Maniacs

Here’s an axiom to live by. Don’t pay a service to do your agent research when you can find out most of that information for free just by spending some time on the internet.

Or at the very least, pay the $20 fee for one month’s subscription to Publishers Marketplace and truly get the insider scoop on what is selling, by whom, to whom, and generally for how much. It will only cost you twenty bucks and you can rest assured that the info is fairly accurate (or close enough for your purposes).

Here’s why I feel like ranting. There is a research service out there that prides itself on offering accurate reports that they will then share with paying customers. Now I like the entrepreneurial spirit and pretty much commend that in anyone but according to this company representative, they will only accept/verify information by talking with the agent directly.

In a way, that makes sense. After all, the source would know the best but I don’t think that’s the ONLY way to gather accurate information—especially when the conversations go along like this.

First Call from Research Service
This was actually several years ago but it stands out clearly in my mind and here’s why. The owner of this business rang up to tell me about the company and then to ask me about my current client list. All information I’m happy to share.

Until he asked me when Diana Gabaldon had left my agency.

Uh…

I know this will come as a big shock to my blog readers but I’m not, and have never been, the agent for Diana Gabaldon. I do have delusions of grandeur but I don’t ever ask anyone but Chutney to share in them.

Not to mention, Diana’s agent is a guy—and she’s been with him for years and years—long before I was even agenting. Makes you wonder to whom the thought he was talking.

That’s okay. Mistakes happen. When I asked to see my report and to verify the information contained therein, I was told that was not company policy. So, what I’m saying is that my report from this service might say that Diana is a former client of mine. Goodness, I hope not.

Second call
This happened a year or so later. Same person called to get information about my current sales. Most of which is public knowledge on my website and on Publishers Marketplace—the general info anyway.

For this call, this person insisted that I reveal the dollar amounts associated with my deals. A little surprised, I said I couldn’t divulge that info—that it was confidential (except in the general terms outlined in deal lunch and approved by the author before announcing). I was then subjected to tirade about how all the other agencies share that info (which I rather doubt but whatever). I politely suggested that he simply contact those authors and ask them about the deal as it is their info to share as they please.

I was hung up on.

Third Call
Happened quite recently. This time the call came in on a Saturday. I wasn’t at the office. What in the world would I’d be doing at the office on a Saturday (besides doing my accounting upgrade but we won’t go there). If this person would like to speak to me, why not call during business hours when I’m actually around?

To this day, I have no idea what my agency report from this service looks like. Let’s hope it’s accurate but I’m not feeling overly confident about it. This leads me back to my original point.

Why pay for something that you can find out for yourself, fairly accurately, and in most instances, for free?

Redux: To Deal Or Not Deal Lunch?

STATUS: Soon (she says hopefully) the accounting upgrade will finish and life will be happier.

What’s playing on the iPod right now? CARUSO by Paul Potts

Someone in the comments section was nice enough to provide a link to my former post on this topic. When I took a look at it, I realized there were a couple of other reasons why an agent might not want to post sale news on deal lunch that I hadn’t included.

So, other reasons to keep the news on the down low (so to speak).

1. An author may be concluding a contract with one publisher but has already sold and established a new contract with a new publisher for future books. In order not to lose support from the current publisher, the author might prefer that the new sales information is not shared.

2. An agent has just sold a timely book project on a hot topic that might have competing titles in the works. The sale is kept under hat so as not to tip off the competition. The point is to hopefully have this title release before the others do. (This is more of an issue with nonfiction than fiction.)

If I think of other reasons, I’ll share.

All By Myself….

STATUS: Beside myself with all the good news. Seriously, how can next January compete? I just found out today that my debut author Sherry Thomas is going to have a starred Publishers Weekly review for Private Arrangements in the January 14th issue. That’s almost unheard of for a debut. Congrats Sherry!

What’s playing on the iPod right now? MAGIC MAN by Heart

But not anymore. I’ve got really fun news to share. Denver, Colorado is going to get another terrific literary agent and no, this agent isn’t coming aboard here at Nelson Agency (although I wouldn’t have minded that!). It’s Kate Schafer—formerly of the Janklow & Nesbit Agency of New York.

She’s opening up her own show as KT Literary in South Denver.

Together, we are going to put Denver on the map for literary agents! No more “and where are you located” by the publishing world.

Okay, so we might have a few more years until that happens but welcome Kate.

Blog Should Come With A Warning Label

STATUS: It’s been a great week but I’m still glad it’s Friday!

What’s playing on the iPod right now? PROUD MARY by Tina Turner

This might go without saying but just in case, I want to point out here that my blog should come with a warning. Even though I do my best to share information that allows writers to get a good understanding of what happens in the agenting process (because I believe that writers should be as knowledgeable as possible), by no means is my blog a substitute for real expertise.

In other words, don’t use the information learned here in lieu of an agent. Or, god forbid, feel ready to take on agenting yourself. The very thought frightens me!

Seriously. There are some rare exceptions but for the most part, agents learned this biz from other agents who have been in the biz for longer (or was a former editor who learned the ropes from the other side of the fence). Even though I went on my own fairly early in my agenting career, I freely admit that I wouldn’t be where I am now without the incredible selfless mentorship by several powerful agents who, just out of the goodness of their hearts and because we had connected on a personal level, guided me through many a hairy situation where I needed more expertise than I had at that moment in time.

Even though I share a lot on this blog, it’s not even half of what you would need to know to be a good agent.

So please, keep that in mind!

Now on a lighter note, I just couldn’t resist sharing pictures of Chutney in her new holiday hoodie. Just add bling!

Top Dealmaker?

STATUS: What a way to kick off 2008! First I get an offer for a project I have on submission which is how I always like to start the year. Then I get the big, big news. Ally Carter’s I’D TELL YOU I LOVE YOU BUT THEN I’D HAVE TO KILL YOU lands on the New York Times paperback bestseller list at #4 and CROSS MY HEART AND HOPE TO SPY, which has already spent 5 weeks on the NYT hardcover list, is back on coming in at #9. Woohoo!!!!

What’s playing on the iPod right now? I ALONE by Live

Thank you all for all your lovely blog comments on my last entry of 2007. I did have to chuckle though. Selling 22 books over the course of one year is not actually a lot. I have many agent friends who sell double or triple that number (although I have to add here that they’ve all been in the biz for a lot longer than I have).

It’s not a high volume and I have to admit that I don’t see myself as ever being a high volume agent. I don’t take on that many clients or that many projects in a given year so there’s a limited quantity of projects to sell. I don’t want to say quality over quantity because that’s not necessarily the case. I have many agent friends doing a quantity of high quality projects and deals. I imagine as my clients grow their careers, the number will increase over the years just on repeat deals alone.

But here’s what’s interesting and why I bring this up. Publishers Marketplace has a new feature called Top Dealmakers on their website. Let me tell you, this has caused some interesting consternation amongst agent friends and here’s why. Our agent reputations are the key to getting future good clients; we want to be known as top dealmakers! Publishers Marketplace can only rank top dealmakers on quantifiable criteria. In other words, they can’t verify that deals actually sold for the money highlighted by the editor or agent (or by the authors themselves) in the announced deal. The only criteria they can use for rating top dealmakers is based on the number of total sales in a given period (and that is, of course, only if the deals are reported). Many agents don’t report deals for a variety of reasons.

I like to think that might be the reason why Michael Cader implemented this new feature to begin with—to encourage deal reporting. Very smart on his part.

But it also means, quite sadly I have to say, that I’ll probably never be a top dealmaker on Pub Marketplace. Right now, I come in at #40 for Fiction as a whole, #26 for women’s/romance, #15 for children’s (that ain’t shabby I guess!), #8 for young adult.

You get the picture. And I have to admit, this entry is solely self-serving. Big smile here. I might not sell a lot of books in any given year but because that is true, I also have to sell what I take on for more money and that’s not captured in the Top Dealmaker ranking.

Is it better for an agent to sell many projects (but all in nice deals) or just a few projects in good, significant, or major deals—in Deal Lunch terms? And the answer to this is purely subjective because it really depends on how each individual sees it.

Unfortunately, Top Dealmaker on Pub Marketplace can’t use that criterion for obvious reasons (although when I was chatting with Michael before the break, we did talk about it).

Maybe that needs to be my 2008 goal. More deals and all for a lot more money. I’m sure my clients wouldn’t say no to that!

A Year In Statistics

STATUS: Vacation time!

What’s playing on the iPod right now? CHRISTMAS WRAPPING by The Waitresses

Happy Holidays to all you blog readers. The agency officially closes today and won’t reopen until Wednesday, January 2, 2008.

I won’t be blogging again until the new year, but then I’ll be back and in rare ranting form!

Here are the stats for 2007:

22
books sold

29
foreign rights deals done (and that includes one pre-empt and one auction)

8
number of new clients

30,000
estimated number of queries read and responded to (and yes, that is up from last year)

74
full manuscripts requested (I miscounted the other day)

4
number of projects currently on submission

1
major motion picture deal

3
auctions

6
new deals for previously published clients

5
deals for new clients (4 of which were debut authors—as in not previously published)

200,000 +
number of copies in print for my bestselling title this year

7
conferences attended

1
number of New York Times Bestsellers

265
number of holiday cards sent

5
number of Starbucks eggnog chai consumed in the last week

Lots
number of late nights reading on the couch with Chutney

All
number of great days loving my job

Have a safe and happy New Year. I’m out!

A Work Stop Sort Of

STATUS: One more day and counting…

What’s playing on the iPod right now? BACK DOOR SANTA by B.B. King

The time is near but I bet you folks wonder if agents really do stop working over the holidays.

The answer is “sort of.” Here at Nelson Agency I won’t be reading queries, sample pages, or even any client material (because I completed all that) but I will be popping in occasionally because of several outstanding tasks.

I have several projects currently on submission so I’ll need to check email and voicemail messages to see if there is any movement on them.

I’m in the middle of negotiating a contract and the contracts person has gone on holiday until the 26th. This means we can’t complete until that last week of December and yes, I will work on that.

I’m awaiting several payments that may arrive this week or next. Those will need to be processed and mailed promptly (or if it’s really close to Jan. 1st, I’ll let the clients make that call if they would prefer to receive it in 2008 instead.)

Then there is the accounting system upgrade. We won’t go there right now!

Tomorrow I’ll share the year in stats and then I’m outta here.