Tuesday, June 30, 2009
For Those Of You Keeping Score At Home, Give The Fence An Assist
Friday, June 26, 2009
The Tiniest Of Updates
My editor tells me that ARCS of This World We Live In should be available in October, and they're planning on having them at NCTE in November.
You now know everything I know (actually you probably know a lot more than I know, because frankly I don't know very much, although I can name all six of Henry VIII's wives and tell you exactly what happened to each and every one of them. Oh, and I can also name every winner of American Idol. But that's it.).
Tuesday, June 23, 2009
Advances And Royalties: The Business End Of Writing
I figured I'd be safe sharing this information with you, since you'd be unlikely to hit me up for a 6 cent loan.
It occurred to me after I decided to make the 6 cent announcement that there are people who read this blog who may not know how writers get paid (not enough and certainly not often enough, but that's a whole other entry). So for those of you who are interested, here are the basics of how it works, using LAWKI as the example.
When I wrote LAWKI, I gave my agent the manuscript to sell. That's called writing a book on spec (short for speculation). Neither my agent nor I knew if any publisher would be interested in buying it (when I wrote the dead and the gone, and This World We Live In, I got a contract before writing the books). My agent gets 15% of every penny I earn from these books, so it's in her best interest to sell them.
Harcourt agreed to buy LAWKI, and offered me a $20,000 advance. For that money, they were given the right to publish the book in hardcover and paperback, and to make some additional money by selling some of the subsidiary rights, which they did, selling to both the Junior Library Guild and Scholastic some reprint rights (HMH gets half that money; I get the other half, after my agent gets her 15%).
An advance is called an advance because it's an advance on future royalties. Once the publisher gives you the advance, they can't get the money back, no matter how hard they beg. So I got the $20,000 minus 15% (that's $17,000; I can multiply anything by 15%), gave Internal Revenue its share, and kept the rest to pay rent and gas and electricity and groceries, etc. Since the book was already written, Harcourt pretty much paid me the whole amount at once; with d&g and TW, I got half on signing the contract and the other half after Harcourt decided the manuscript was ready for publication (I'm currently waiting for the second half of the advance for TW).
I get a 10% royalty on the LAWKI hardcover. That means I get 10% of what the list price ($17) of the book is: $1.70 for every book sold, after I earned back the original $20,000. Because of the sale to the Junior Library Guild, I knew that meant as soon as the hardcover sold 10,000 copies, I would start earning royalties. That happened almost immediately, so I've been earning royalties on LAWKI since shortly after its publication. I have no idea why they're called royalties, since most writers earn less than the average medieval peasant.
Royalties get paid twice a year. The publisher keeps track of how many copies of the book are sold, multiplies the total by the percentage the writer gets (10% for hardcovers, 6% for paperbacks), sends the total amount to the agent, who takes her 15% and sends the rest to the writer, who's been going crazy waiting for the check to arrive. It used to be I never knew how much money (if any) to expect, but nowadays I can ask what the sales numbers are, so I have a far better sense of how big (or small) the check will be. This definitely cuts down on the stress.
Since LAWKI earned out its advance just on the hardcover sales, I started getting royalties on the paperback immediately (the same will be true when d&g comes out in paperback, since its advance has already been earned out). Since LAWKI sells for $6.95 a copy, and I get 6% for each copy sold, I get 42 cents for every copy sold (I get considerably less for each copy Scholastic with its very pink LAWKI cover sells). That, of course, is 42 cents minus 15% (hold on, while I get my calculator), about 36 cents a copy.
It's the agent's job to get as much money for her writers as possible, so when my agent sold the publishing rights to LAWKI to Harcourt, she got Harcourt to agree that some of the rights would be mine alone to sell. I get all the money for the audiobook advance (which has already earned out, so I get some royalties there as well, but audio royalties are so complicated, I just take whatever money I get and smile gratefully) and the foreign advances (United Kingdom, Denmark, Germany and France, so far, paid in pounds, dollars, and euros). If the movie rights are ever optioned (an option is kind of like an advance; they give you a little bit of money for the right to make the movie, and whether or not they make the movie, you get to keep the option money), I get 100% of that money as well, minus, of course, my agent's 15% (which is currently 15% of zero, since no one has optioned the movie rights).
So the basic rule is the more copies LAWKI sells, the more money I make. I would tell you just how much money I've made off of LAWKI so far, but I don't know. I'd have to pull out all the information and add it up and multiply it by .85, and it's not worth the bother (I do admit to being curious though). What I also don't know is how much money LAWKI will continue to earn me. I have a good idea of how much I'll be getting for my next royalty check, since it will reflect the sales from Jan. 1- June 30, 2009, but there's no way of predicting whether LAWKI will continue to sell any copies after July 1, or whether it'll go out of print and I'll never see another penny again.
Make that another 42 pennies!
Monday, June 22, 2009
If It's A Girl Maybe They'll Name Her Miranda
Granted this information is for a paperback called This World I Live In, but until I hear otherwise, I'm going to assume it's the pub date for the hardcover of TW.
It is very strange to realize that there are babies who'll be born on April 1, 2010 who are currently on the verge of being conceived. And their parents won't even care that April 1, 2010 is the publication date for This World We Live In. They won't even be thinking about This World We Live In as they begin the conception process. Although I must say, it'd be a nifty theme for a baby shower.
After quite a number of attempts, I've put a countdown on the right side of the blog. I'm not positive it's accurate, and I certainly don't understand the hour and minute part, but it's close enough for me and the unborn.
If the date turns out to be an April Fool's joke, I'll let you know. In the meantime, I'll stare at my countdowner and see if I can get it to move any faster!
Wednesday, June 17, 2009
My Mother. My Kitten. My B3
The editor emailed me with a handful of small questions/concerns Tuesday morning, and I answered them
My mother is not a big cat person. Her family had a goat when she was growing up, and that left her very anti-pet.
Scooter, on the other hand, was enthralled with my mother's feet. All the world is a kitten toy, as far as he's concerned, but feet are the best toys around. My mother, being an extraordinarily tolerant person, put up with Scooter's toe attack, but shortly thereafter she asked to go home. Good daughter that I am, I took her.
It feels a little odd having This World (which I will now start calling TW, which takes longer to say than This World but less time to type) all finished. Writing it, and rewriting it, and then revising it, was quite intense. And when I think of it, and Life As We Knew It, and the dead and the gone, I feel as though I wrote a thousand page novel. A very complicated thousand page novel.
The editor had expressed a desire for more stuff (she worded it a tad more elegantly) about Alex, so in the revisions I put in a new scene between him and Miranda. For those who are interested, I put the scene over at thirdmoonbook. In it, Alex picks up a copy of Pride And Prejudice from Miranda's bookshelf.
In TW, there's a discussion of Dad and Lisa's attempt to go west to find out how Lisa's family is. Without checking LAWKI, I mentioned that Lisa's family was in Colorado. For reasons that are of no interest to anyone but me, I grew concerned that I'd gotten it wrong, that in LAWKI, I'd located Lisa's family elsewhere. So I frantically leafed through LAWKI, looking for the reference to where Lisa's family was (in Colorado, thank goodness). But in my leafing, I discovered that Miranda referred to something as very Jane Austen-y.
You spend four years and a thousand pages with a character, and you really get to know her!
Friday, June 12, 2009
Oh Happy Day(s)
Life is good. The revisions are completed, my mother's checkbook is up to date, and the apartment is clean.
I like this new video of Scooter. It's clear that while he's interested in himself (and what cat isn't) what he really wants to know is when will This World We Live In come out.
Me too. I do have a publication date for the paperback of the dead and the gone though. Jan. 18, 2010. I found out the way all famous writers find this stuff out, by going to Borders bookstore to see if they had the Adam Lambert Rolling Stone (this was Wednesday, and they didn't, but they did today and I bought two copies without a blush, one for me and one for my friend Pam) and while I was there, I checked to see if they had Life As We Knew It (yes, 2 copies, 5th printing) and d&g (no), so I went on their computer system to look up d&g, and it said I could preorder the paperback with a pub date of Jan. 18, 2010.
I didn't email my publisher about this, since they probably knew, even if they didn't feel the need to tell me, but I did email them when I learned the following from my pal Google: "Life As We Knew It" was chosen as the summer book by every library in the Santa Clara County Library System.
I seem to have been more impressed than my publisher was, since they never responded. The more famous the writer, the less the publisher bothers with them. Or so they tell me.
What I'm not bothering to tell my publisher is that last night, for the first and most likely last time, LAWKI paperback broke 1000 at Amazon. 831, since you asked. I know because I printed it out to cherish forever. LAWKI Kindle is frequently below 1000, so I checked my contract to see what my royalty rate was, and it turns out that when that contract came out, they had no idea what the royalty rate should be.The contract says if it's ever an issue, they'll figure it out. But either the d&g contract or the This World (we still need a nickname, folks) contract says 15% for electronic rights, so go Kindle go.
Sunday will be the 8 week anniversary of Scooter and me finding each other. Except for the regular 5 AM Purr On The Neck sessions, it's been an easy and pleasurable 8 weeks for us both (well, he enjoys Purr On The Neck). I'll be celebrating by leaving Scooter at home to nap the day away, while I'm at BooksNJ2009. It should be a great event, and I hope to see you all there!