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  • « Take the ‘Are You Fit for Oprah?’ Challenge | Main | Why You Might NOT Want to Contribute All Over the Place »

    May 08, 2006

    Some Scary Facts About Getting a Book Deal

    Here are some eye opening statistics about just how hard it is to get published, from a recent panel I attended featuring several New York literary agents and major publishers.

    The average literary agent sees 30-35 query letters per day

    The average fiction editor with a major publishing house vets 6 - 12 manuscripts per week

    The average literary agent has an active pool of 40 - 65 projects circulating at any time

    The average editor has about 6-8 books in process

    In two years, one editor at Random House had received 860 proposals from agents; she published 19 - slightly more than 2%

    If this is less than encouraging, don't fret. Just remember that getting published is all about the right book being in the right place at the right time - and it happens all the time. Somewhere between 60K and 100K books get published every year (in all genres.) So someone, somewhere is making some deals.

    If you want more serious juice and inspiration for your own writing efforts check out our Taos Writer's Spa. We've got the goods - and we'll help you get into lift off so you can overcome the odds and make your own book a reality. Registration ends May 15 for our 2006 spa - and it's filling fast. Only five spots left!

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    The number of books published in 2004 was 195,000. Many of those titles are Print-on-Demand (POD) which will never sell more than a few copies. The point is that authors need to study their market and have a marketing plan--after determing that, in fact, the world needs their book.

    Isn't this a good argument for self-publishing (and self-promoting) a book?

    Interestingly, a similar problem exists for wineries, with tens of thousands of new wines released each year.

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