The Pros and Cons of Being an Agent

Someone once asked me “Why are you an agent?”
I had to ponder on that question for a few minutes, because my first answer was ” I have no idea.”
Truthfully, I ask this question every time that a publisher doesn’t return a phone call, or they miss a deadline, or there isn’t a cheque in my mailbox, and I find myself working 12-13 hour days 7 days a week.

Self-employment isn’t for everyone, but for some of us it’s the only way to go. I would much rather set my own hours when the weather is gorgeous outside, so that I can play a game of tennis, than be tied to my desk until the clock hits 5:00pm everyday. I love the freedom that self-employment gives you. For the most part the pros outweigh the cons in this business. I get to meet amazing people, icons from my childhood, and authors that could be best-sellers.

Of course I wouldn’t say no if someone offered me a six figure income that had guaranteed payment! Many people seem to think that being an agent instantly means money. Nope. Not at all. I am still waiting to be paid from books I sold over a year ago. An agent generally doesn’t get paid until the author makes back their advance, and then I only receive 15% of that. So if the advance was $2,000 dollars ( for a first time author), and it’s paid out in 3 segments, then the author might receive a cheque for $500.00 and I get 15% of that. Yes I am ROLLING in money.

So before you think about trying your hand at being an agent, think very carefully. Can you afford to make it your full time job?

Reblog this post [with Zemanta]

Leave a comment

Filed under Literary agent

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s