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  • Please give me advice about negotiations
    by moniker at 21:55 on 08 September 2007
    I have eight publishers interested in my book, and two have gone so far as to take it to the sales team, and have told me to expect a 'good offer' in the next fortnight. It's my first book (history, non-fiction) and I wouldn't recognise a good offer from a paltry one. The fact that I have a lot of interest means that I can negotiate, but I haven't got a clue! Any advice will be gratefully received.
  • Re: Please give me advice about negotiations
    by EmmaD at 22:33 on 08 September 2007
    Moniker, what a fantastic, but daunting, position to be in! Many congratulations! Non-fiction isn't my area of expertise, but here are a few thoughts:

    I would say (if it doesn't sound too bossy! ) your absolutely essential first step is to get in touch with the Society of Authors.

    They are here:

    http://www.societyofauthors.net/soa/section_page.php4?hp_nav_id=2&urlsection=About+the+Society

    They have vast experience of all but the most minute publishers, will tell you what they know of the ones who are offering, advise you what questions you should be asking, and tell you what is - and isn't - acceptable in a contract. Once you've been offered a contract (or two, maybe, in your case? ) they'll go over it with their legendary fine-toothed legal comb and explain all the implications to you. They also have excellent booklets covering all sorts of issues - agents, tax, contracts, etc. etc..

    You might want to consider getting an agent. They're not essential for non-fiction, as they virtually are for fiction, but if you're planning on a career in writing, they're worth their weight in gold. If a good agent takes you on as a client they're in it for the long term. They can negotiate better than most authors, not only for the size of the advance but also for what to expect in terms of publicity and marketing. They know what you can (and can't) expect of the publishing process of your book and can explain it, and are a big gun on your side to do the tough talking if necessary, so you can stay friends with your publisher. They may also be able to handle subsidiary (US, book club, audio book, translation, even movie?????) rights for you, and the money you get will be up front, whereas with a publisher handling those it just goes to earn out your advance more quickly. In return they get 10% or more often 15% of any money that comes to you through a contract they handle.

    The Society of Authors could advise you which agents to approach, and there's a full list in The Writers and Artist's Yearbook, and The Writer's Handbook. Good agents have very full books, but you're in the perfect position now, with so much interest. Publishers get pretty pissed off if they think they've got a contract agreed with an author, and the author brings an agent waltzing in to re-negotiate, but if the agent's in negotiations from the beginning it should be fine. It's not easy to recommend agencies, partly because it's a very personal business, finding an agent you get on with (VERY important that you do and they really 'get' your work in the way you do), and partly because some excellent agents are one-man-bands without a high profile. It's hard to judge how good they are from a listing, but major agencies you could approach from your (powerful) position include, and who would certainly have an agent who could handle this for you include: A P Watt, Aitken Alexander, Curtis Brown, Greane and Heaton, A M Heath, PFD (Peters, Fraser & Dunlop).

    Very good luck with it all

    Emma

    <Added>

    Of agencies you could also try LAW - Lucas, Alexander, Whitley -or the big boys William Morris.
  • Re: Please give me advice about negotiations
    by Account Closed at 09:27 on 09 September 2007
    Congrats! And go with Emma's advice!

    )

    A
    xxx
  • Re: Please give me advice about negotiations
    by EmmaD at 11:35 on 09 September 2007
    The importance of finding an agent who really 'gets' what you do cuts both ways. An excellent agent may be doing the right thing to reject you: it'll hurt, but if they sense your work isn't their thing then they're actually doing you a favour, and the honourable thing in not grabbing the easy money of these offers. Equally, an agent who's panting to represent you may not be the right one for you. You need to have a long conversation with them about the book, the deal, and what your plans are as a writer. A good agent has a lot to do with your long-term professional development - the analogy with a marriage is often used, and it's pretty accurate - and you really do need to agree about how you both see your work and how it fits in the book trade.

    <Added>

    Oops! Italicitis.

    <Added>

    It occurs to me that what I've been saying about agents also applies to editors, if you're in the position of being able to chose. An editor who 'gets' the book is worth a lot too, specially if you think you'd be wanting to sell your next book to the same one. Nothing worse than an editor who wishes the book is something it couldn't ever be. So a conversation with each potential editor should also be part of the negotiation and decision.
  • Re: Please give me advice about negotiations
    by moniker at 18:35 on 09 September 2007
    Thanks for all taking the time to respond. It's exactly the position I'd want to be in, but now I'm here I'm terrified. I've picked one publisher that seems perfect for my type of book and I'll definitely check out the Society of Authors. I wondered if it is worth having an agent - can they only negotiate marketing budget and advance, or can they also negotiate your cut? I don't want to give money for nothing (after all, I've done most of the work to get publishers interested) but I want the best possible deal.
  • Re: Please give me advice about negotiations
    by EmmaD at 18:43 on 09 September 2007
    You're welcome.

    can they only negotiate marketing budget and advance, or can they also negotiate your cut?


    Not quite sure what you're thinking of here - 'cut' in what sense? The advance is the main thing they negotiate. Only very, very big authors and their agents get a say in the marketing budget, though a good agent would probably be able to winkel (winkle?) an idea out of your editor of the kind of publicity and promotion they had in mind beyond the obvious review-copies-press-releases stuff, and measure that against the others offering.

    As you say, for this book, you've done the first stage, but unless you're a very skilled negotiator and adept at handling foreign and translation rights, for instance, for the reasons I outlined above an agent is still very worth having. That 10% or 15% isn't taxed, don't forget, it's an allowable business expense, so it adds up to less than you'd think. There's a good article in the new WAAYB by Mark LeFanu of the Soc of A, about 'do you need an agent' which might be worth a look.

    Emma