What are the Paying Terms of a Literary Agent?

Results 1 to 5 of 5

Thread: What are the Paying Terms of a Literary Agent?

  1. #1

    What are the Paying Terms of a Literary Agent?

    If you find a literary agent, would you pay in advance or only pay when your book has been accepted by a publisher or only when the book has sold? How does it work?

  2. #2
    You don't pay agents.
    Other than some charging for office expenses, they should not be asking for any $$ from you...if they are legit.

  3. #3
    Thanks for the information.

  4. #4
    The agent takes 15% (as a rule) of any money you make through contracts. Depending on the publisher, your royalties may be divided right at the publisher (with them sending 85% to you, 15% to your agent) or the money may ALL go to the agent, with them then keeping their 15% and forwarding your 85% on to you.

    I've heard different percentages for different types of sales (foreign rights, or whatever) but the 15% is the standard base.

    ETA: And the money goes to the agency when the money comes to you. So for a standard advance payment, you'd get 33% on signing, 33% on delivery (often the same time for first manuscripts) and 33% on publication.

    So, say you write a book and sell it for a 10K advance, and at the time the publisher decides they want a second book in the series, also a 10K advance.

    When you sign, you get: 33% of book A AND 33% of book B for signing, plus 33% of book A because you've delivered the MS. So that's 10K - 1.5K to the agent, 8.5 K to you.

    Then you write the second book and deliver it. 33% of book B. $500 to the agent, $2 833 to you.

    Book A gets published; you get 33%, divided as above.

    Book B gets published; you get 33%, divided as above.

    The whole process probably takes at least a year and a half, probably closer to two. And that's AFTER you've spent the time writing, submitting to agents, after the agent has spent the time finding a publisher... it's not fast!

    Royalties are usually paid quarterly (or monthly at some smaller publishers) and they're divided as received.

  5. #5
    They are supposed to pay you, after subtracting their fee, which may vary from 10% to 20%.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.