Foreign Book Rights: How much should I charge, given these sales figures?
March 8, 2011 12:01 PM Subscribe
Foreign Rights to a Book: How much should I charge?
In the last week, two agents from two different big literary agencies in a rich Asian country (not China) have, apparently independently, come calling for one of my non-fiction how-to books.
One gave this pitch, which seems to me low-ball:
posted by anonymous to work & money (3 answers total) 1 user marked this as a favorite
*500-1000 first run printing;
*5-year term for exclusive rights in that country's language;
* 7% royalties.
Here's why I think it's low-ball:
A few years ago, I let a firm in a relatively poor Eastern European country, one with a 20% smaller population and a 40% lower per-capita GDP, publish an edition of the same book in that Eastern European country's language. Over the last three years, they've managed to sell either about $40K or $100K worth (yeah, big difference-- due to their kludgy website's mechanics, I can't see their sales stats at the moment)... and sold 3-7000 copies at a relatively high price for books in the region.
What would be a smart advance amount, and a smart deal, to ask for? Note that the book in question has been around for about ten years, so it seems a little odd that the two agents have approached within days of each other. Thanks!