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The Steve Laube Agency

Helping to Change the World…Word by Word

The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Writing Craft » Book Business » Page 16

Book Business

Gotta Love Numbers

By Tamela Hancock Murrayon April 4, 2013
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I didn’t attend kindergarten so my initial encounter with numbers happened in first grade. One day, we were working on math problems. As we finished, the teacher let each of us choose a stick of modeling clay. The colors were red, green, brown, and gray. I really, really wanted red. Green would have been OK, but definitely not brown and certainly not gray. I urgently scratched numbers on the ruled paper with my fat, green pencil. Still, everyone who liked red beat me. Even green got snatched up. By the time I got to choose, I was stuck with brown.

Tamela Elemtary School photoThen came a test. I didn’t understand the problems the teacher wrote on the board. I decided if I made up my own problems, I would get an A. I viewed this as a great solution to an otherwise insurmountable dilemma. But I soon found the teacher disagreed. Furious and frustrated, she called my mother for a conference. On the paper was a big red F, circled several times.

“Why did you make up your own test?” Momma asked.

I answered, “I didn’t like the one on the board.”

My mother still has the test. I asked why she saved it. Only after I had grown up did she admit she had actually been proud of me.

Remember the student in Algebra class who asked the teacher, “Why do we have to know this? When would anybody ever use these problems?” Yeah, that was me.

But I loved Business Math. Why? Because money makes sense to me. And those courses solidified my understanding of the numbers I need to know as a literary agent.

So what does math have to do with writing? Nothing, and everything. As a freelance writer, you are a business person and need some understanding of numbers. And not just money. For instance, you need to know how many books you sell, what your profit is, and if you are being paid correctly.

I doubt I’ll ever fall in love with numbers. However, I do help my clients understand the business side of writing. This allows them to have more time to write. I am also blessed to be working with the amazing Steve Laube. He has a fantastic mind for numbers. I’ve witnessed him make statements off the top of his head such as, “Yes, that book sold 27,000 units in 1997.” When Steve and I are talking over a contract offer, we use numbers to form concrete data to we show the publisher why we are asking a certain amount of money for our author. Authors on their own who don’t understand each publisher’s personality and philosophy, or how to calculate their own worth, will be hard pressed to earn what they really deserve in today’s market.

In short, you don’t have to be a math major to run your writing business. But educate yourself as much as you can, and partner with a great agent. When you do, you may even finish work early enough to choose your favorite color of modeling clay.

Your turn:

From the business side, what do you think is the most puzzling aspect of writing?

What is your favorite business tip you’d like to share?

Leave a Comment
Category: Book Business, Career, TamelaTag: Book Business, Career

When Your Agent Makes You Speed Up

By Tamela Hancock Murrayon March 21, 2013
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by Tamela Hancock Murray

Since I wrote last week about when your agent may make you slow down, I thought this week it might be fun to write about why your agent may make you speed up. Now, speeding up is never, never to occur at the risk of writing less than your best. Story craft, along with  care and attention to detail, are always musts for fiction and nonfiction. But there are times …

Read moreWhen Your Agent Makes You Speed Up
Category: Book Business, Career, Get Published, Tamela, Writing CraftTag: Agents, Get Published

Taking Your Questions

By Tamela Hancock Murrayon January 24, 2013
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In my ongoing quest to address the needs of our blog readers, I am answering more questions authors have posed in the comments section of past blogs.

What publishers do you generally work with, and with which ones do you have the closest working relationship, or usually contact first? Which ones do you avoid? And why?

What I think you really want to know is, "If I sign with you, where will I …

Read moreTaking Your Questions
Category: Agents, Book Business, Get Published, Marketing, TamelaTag: Agents, publishers

Answers from the Mountaintop

By Tamela Hancock Murrayon January 10, 2013
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(Or, from my desk in Virginia, where I am fueled by bold, rich coffee)

Before Christmas, when I posted about having a serious talk with your agent, a couple of you asked more questions. I really appreciate you! Over the next few weeks, I'll provide my perspective on various questions. I want my posts to be a source of good, helpful information, so feel free to make more queries in the …

Read moreAnswers from the Mountaintop
Category: Agents, Book Business, Get Published, Tamela, Writing CraftTag: Agents, Get Published

2012 – A Year in Review

By Steve Laubeon December 31, 2012
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by Steve Laube

 

With today being New Year's eve we have a chance to reflect, evaluate, and celebrate the events of this past year.

Our agency was extremely busy this year closing on 118 new book contracts covering nearly 200 new books. That meant we averaged a new contract every two business days. Amazing. What makes this exciting is that, despite dour predictions, publishers …

Read more2012 – A Year in Review
Category: Agency, Book Business, Conferences, Steve, TrendsTag: 2012, Agency, Book Business, Trends, Year in Review

Serious Talk with Your Potential Agent

By Tamela Hancock Murrayon December 13, 2012
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What are some of the things you should ask when an agent has called to offer you representation? Here goes, in no particular order:

1) Would you go over your contract terms with me? Even though you will be reading the agency contract before signing, this is your chance to learn the main points you can expect to see.  Ask questions now. After you review the contract, don't be afraid to ask for …

Read moreSerious Talk with Your Potential Agent
Category: Agents, Book Business, Contracts, Get Published, TamelaTag: Agents, Book Business, Get Published

Why Is My Royalty Check So Small?

By Tamela Hancock Murrayon December 6, 2012
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This is it! You’ve had a book published, and your advance money is long gone. But your publisher has promised a royalty check and you know exactly when that check is supposed to arrive. You run to the mail box every day for two weeks until finally, Voilá! The check is here! You rip open the envelope to see a grand total of: $28.52? What???!!! How can this be? So much for the big screen TV. …

Read moreWhy Is My Royalty Check So Small?
Category: Book Business, Contracts, Money, TamelaTag: Book Business, Money, royalties

Reactions to Your Career

By Tamela Hancock Murrayon November 29, 2012
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Often, strangers ask me what a literary agent does. Once I tell them, they'll want to share with me that they are writing a children's picture book. Or an aunt, cousin, or friend, is writing one. I think a lot of parents write read-aloud books because they are part of the bedtime ritual with their own children and perceive that the volume of books published means the market is vast. Unfortunately, …

Read moreReactions to Your Career
Category: Agency, Book Business, Career, TamelaTag: Career

Why Don’t Agents/Editors Give You More Guidance?

By Karen Ballon November 21, 2012
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Proposals are hard work. C’mon, be honest. All the research and writing and preparation that goes into them? Admit it, that sometimes feels like you’re being punished for wanting to write a book. And then, when you’ve poured your heart and time and effort into making that dreaded proposal as perfect as you can, what happens? You send it to the agent or editor, and wait.

And wait. And wait. And …

Read moreWhy Don’t Agents/Editors Give You More Guidance?
Category: Book Business, Book Proposals, Get Published, KarenTag: Agents, book proposals, Editors, Get Published

I Thought I Was Rich!

By Tamela Hancock Murrayon November 15, 2012
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Recently I received a check in the mail. I opened the envelope, and discovered the amount that was larger than I anticipated. "This is great!" I thought. "Now I have a little extra to shore up my savings."

I reached for another envelope in the stack of mail. It was from the insurance company. Upon opening, I discovered that, after I deducted income taxes, the premium consumed the entire amount …

Read moreI Thought I Was Rich!
Category: Book Business, Money, TamelaTag: Money
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