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The Steve Laube Agency

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The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Book Business » Page 2

Book Business

What Is One Thing You Wish You Had Known?

By Steve Laubeon July 8, 2024
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For years, Reg Forder, at his ACW writers conferences, liked to ask his faculty panel, “What is one thing you wish you had known before you became a writer?” Since I joined the publishing side of things after being a bookseller and later became a literary agent, I have given the question some thought.

Coming from retail, the hardest thing to grasp was how long it takes to get from a book idea to seeing it in print from a major publisher. Two years or more is not unusual.

As a retailer, we saw our customers’ instantaneous gratification when they bought the book. Depending on our inventory, within minutes a customer’s needs were met or not met.

As an editorial director, it was a challenge juggling the 50 new books a year for which my department was responsible. Coordinating acquisition, editorial, production, marketing, and sales can get complicated, especially when overseeing multiple projects simultaneously. I might have acquired and contracted a book, but then it had to be written. Then there were marketing meetings to discuss plans; editorial meetings to discuss workflow; and production meetings to make sure design, editorial, typesetting, etc., were all on track. (The “ease” of indie publishing for the writer seems to circumvent much of that, but shortcuts are not always the best routes to take.)

As an agent, the preparation time with the author to get the proposal right can take a lot of time. (I will occasionally push back on clients, challenging them to raise the stakes in the book they are writing. The input is appreciated, but it takes time to fix things.) Then we send out the proposal to the publishers and wait. Some respond rather quickly (I’ve received rejections within minutes); and other times, it can take forever (the record is 22 months before a publisher said yes). The norm is 3-5 months before knowing whether or not there is interest in a project. Then after securing the right publishing partner, there are contract negotiations, a review of contractual paperwork (sometimes taking 2-3 months to complete the discussions), and any number of things that can make the process seem endless.

I guess you could say my answer to today’s question is, “Knowing how long the publishing process takes.”

And the lesson learned from it? Patience.

What about you? What is the one thing you wish you had known before you entered this adventure of writing and publishing?

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Category: Book Business, CareerTag: Book Business, Career, publishing

Crafting a Career: How to Become a Professional Author with Angela Hunt

By Thomas Umstattd, Jr.on June 11, 2024
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If you want to make writing a career and pay bills with income earned from your writing, you want to be a professional author. Find out how.

Read moreCrafting a Career: How to Become a Professional Author with Angela Hunt
Category: Book Business, Christian Publishing ShowTag: Book Business, Career, Money

Deadlines and Taxes

By Steve Laubeon April 15, 2024
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Two certainties in the life of a writer. Deadlines and taxes. You know what a deadline is. It has the word “dead” in it for a reason. In addition to the reality of taxes, the April 15 income tax filing deadline for those living in the United States is intrinsic to the reality. (And since today is April 15, I thought it appropriate to revisit some key bits of information.) What about those taxes? …

Read moreDeadlines and Taxes
Category: Book Business, Legal Issues, Writing CraftTag: Book Business, Contracts, taxes, Writing Craft

Your Writers Conference Appointment

By Steve Laubeon April 8, 2024
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[I’ve posted variations of this article over the years. I hope that by bringing it back to the top of the pile, many of you new readers will see it!] __________ You snagged one of those valuable 15-minute appointments with an agent or an editor at a writers conference. Now what? What do you say? How do you say it? What do I bring with me? And what does that scowling person on the other side …

Read moreYour Writers Conference Appointment
Category: Book Business, Book Proposals, Conferences, Pitch, Pitching, Writing CraftTag: Book Business, Conferences, Get Published, Pitching, Proposals, Rejection

What Do You Do When Your Technology Fails?

By Steve Laubeon March 25, 2024
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Today, I tell the story of an author’s tragedy. We had a client who lost their entire manuscript the day of their deadline. Poof. It was gone. Their thumb drive malfunctioned too; it was empty. Because they had borrowed a laptop, the author didn’t know it was programmed to empty the trash each time it was rebooted. The author had moved the manuscript to the trash after emailing it to …

Read moreWhat Do You Do When Your Technology Fails?
Category: Book Business, Career, Technology, The Writing LifeTag: Book Business, Career, Technology, The Writing Life

The Platform Predicament: How to Connect With Readers Off Social Media With Mary DeMuth

By Thomas Umstattd, Jr.on March 12, 2024
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social media icons representing the author platform predicament

Learn how to navigate the author platform predicament and what you can do to help change the status quo in the publishing industry.

Read moreThe Platform Predicament: How to Connect With Readers Off Social Media With Mary DeMuth
Category: PlatformTag: Agents, Book Business, Platform, Traditional Publishing

Defusing Contract Landmines

By Steve Laubeon February 12, 2024
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It is crucial that every author knows that if they sign a contract, they are legally bound by the terms within that contract. Even if it is to their disadvantage. Our agency is often approached with a phrase like “I signed a bad book contract and want out of it. Can you help?” Usually, the answer is “Unfortunately, no.” After so many years of running into landmines buried …

Read moreDefusing Contract Landmines
Category: Book Business, Contracts, Legal IssuesTag: Book Business, Contracts, Legal

F Is for Foreign Rights

By Steve Laubeon November 13, 2023
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(A version of this post was published in Spring 2022. It has been revised for today.) Those of us in the United States tend to frame the publishing universe within our borders in the English language. We can forget that publishing is a global concern. You may have heard of Penguin Random House (owned by Bertelsmann, a German company) because their various imprints dominate the best-seller list. …

Read moreF Is for Foreign Rights
Category: Book Business, Publishing A-ZTag: Book Business, Foreign rights

R Is for Reserve Against Returns

By Steve Laubeon November 6, 2023
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Every traditionally published author needs to understand the principle of “Reserves Against Returns,” which is an integral part of publishing economics. It can reduce the amount of money an author receives in their royalty statement. It is usually a shock and elicits a phone call to their agent crying, “What happened to my money?” Did you realize that book publishing is the …

Read moreR Is for Reserve Against Returns
Category: Book Business, Publishing A-ZTag: Book Business, Contracts, Get Published, Money, Traditional Publishing

J Is for Just-in-Time

By Steve Laubeon October 30, 2023
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The economics of bookselling are complex and ever-changing. There is a method of inventory control called “Just-in-Time” (or JIT) that revolutionized both the retail and manufacturing industries. When I began as a bookseller, there was no such thing as computerized inventory, at least not in the Christian bookstore business. We used a method called “Stack ’em high and watch ’em fly.” Because “If …

Read moreJ Is for Just-in-Time
Category: Book Business, Marketing, Publishing A-ZTag: Book Business, Economics, Publishing A-Z, Technology
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