“Big Five” – The five largest publishers: Penguin Random House, Simon & Schuster, HarperCollins, Hachette, and Macmillanīlurb – A quote from an author or reviewer in praise of a book. Auctions are a good thing for authors and agents.īacklist – These are books that have been out for a while but whose rights publishers still possess. While auction formats vary, typically the bids will proceed from lowest to highest and they last until one publisher has the highest bid and others have dropped out.
While terminology varies by publisher, ARCs are typically distinguished from bound galleys because they feature the actual cover of the book.Īssociation of Author’s Representatives (“AAR”) – An organization of agencies who abide by a canon of ethics and host meetings and panel discussions to keep agents informed about trends and issues facing the industry.Īuction – When multiple publishing houses are interested in acquiring a project they will sometimes bid against each other in an auction. An agent is the author’s advocate.ĪRCs – This stands for “Advance Reading Copy.” These are early editions of the book that are produced about six months in advance and are sent to buyers, reviewers, and influencers to drum up enthusiasm for a book. An agent will submit a book project to editors, negotiate advances and contracts, follow-up on payments, and more generally serve as a creative and business adviser to an author (and much much more).
MANUSCRIPT EDITING TERMS PROFESSIONAL
Advances range from $1 to $1,000,000 or more.Īgent – A publishing professional who shepherds books and authors through the publication process. Large advances are typically paid in installments, such as a portion on signing, a portion on delivery and acceptance, and a portion on publication. As long as the book is published the author does not have to pay the advance back, even if the book does not earn out. This means that the author does not receive additional money from the publisher until the book earns an amount of money equal to the advance (see “earn out”). This money is an advance against royalties. Please let me know if I missed anything in the comments section and I’ll add it.Īdvance – The money a publisher pays an author to publish their book. This book publishing glossary has been in the works for a while.
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