- [Narrator] Now let's talk about agency contracts.…Some agencies will require that you sign one,…and others prefer to work on a handshake…or a virtual handshake these days.…It's not a red flag or cause for concern…if an agent doesn't use a written contract.…Some agencies just don't use them.…An agency contract usually lays out…all the terms of your representation.…Standard items on an agency contract include…an agency's commission,…how the agency handles out of pocket expenses.…
Some agents will change the clients for these expenses.…Others will not.…Agency services, or in other words,…what they are agreeing to do for you,…and the conditions for termination…should you want to leave…and seek representation elsewhere.…Let's go through each of these quickly.…First, the agency commission.…The standard commission for an agent is 15%.…They really shouldn't charge anymore than that,…and you probably won't be able to negotiate any less,…as this is the industry standard.…
Agency commissions are how agents make money,…plain and simple.…
- Comparing traditional publishing and self-publishing
- Writing and revising your novel
- Finding an agent
- Perfecting your pitch
- Writing a query letter
- Researching agents
- Submitting to agents
- Reading your book contract
- Negotiating advances and royalties
- Understanding the publishing process
Skill Level Intermediate
1. Overview of the Publishing Process
Why I created this course2m 32s
2. Writing and Revising Your Novel
3. Introduction to Literary Agents
4. Creating and Perfecting Your Pitch
5. Writing Your Query Letter
6. Researching Agents
7. Submitting to Agents
8. Selling Your Novel
9. Navigating Your First Book Contract
10. The Publishing Process
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