- Return Postcard: I want to create a postcard agents and publishers can return to me when I send them my query letters to indicate if they are interested in seeing more of my book. I like this approach because a postcard with an image from my book would be personal and would help introduce the concepts from the Onyx Sun to the agent/publisher I am writing to. Hopefully, the right agent/publisher will see the image, read the sample chapters, and become as excited as I am about the prospects for my book.
- Cover Design Preparation: In case my book is not accepted by an agent or publisher - as is often the case for new writers - I plan to self-publish my book and will employ the same illustrator I used for the postcard. That way, the postcard can serve as an introduction to the characters for the illustrator so when we create the cover, he/she is more educated on how to draw the primary characters.
- Must accurately represent the imagery in the book
- Must have a unique style
- Should have a strong work ethic and commitment to deadlines
- Must have a portfolio of past work
- Should be willing to work on a cash-equity basis
The last qualification is also slightly different from the way many writers approach self-publishing. Most of the self-published writers I have met have contracted illustrators on a pure cash-basis. Although I could do that, one of the first things I learned in business school was "cash is king". In other words, keeping cash inside your business is on of the most important qualities to keeping your business afloat. It seems like a simple concept, but as we learned at Babson, far too many companies are all to ready to part with their cash in lieu of more creative payment arrangements.
So, I developed a cash-equity payment model where I will give my illustrator 75% of the cash he/she asks for but will negotiate in an "equity" share for the remaining amount. This "equity" will essentially be part of my royalties for each book sold. In order to incentivize the illustrator to be ok with not as much cash up-front, I plan to significantly sweeten the equity share to be far above what the illustrator would have earned from pure cash. For example, if the illustrator I choose to design my book quotes me $1,000 to design my cover, I could counteroffer that I pay $750 up-front, plus a $2 commission per book up to $1,500 in total payments. So that obviously be $500 over what the illustrator cold make on a cash-only basis.
Obviously, I am going to have to find someone who trusts I will deliver on this arrangement. But, in the end, I think this is a significantly better arrangement for both parties: I pay less while I am cash-starved, and the illustrator can stand to make 50% more once the book starts selling. It, in essence, makes us business partners, which I also consider a positive part of this arrangement. It makes us mutually financially interested in the same project instead of just contractor-contractee. In the latter, more common arrangement, the relationship is one more focused on servitude and short-run success. It can also lead to lower quality outcomes, as only one party (the self-published author) is invested in the books success. I took this model from the same process start-up companies use to finance early stages: in lieu of higher wages, give employees equity, which could be worth significantly more in the long-run. Of course, the employee (or illustrator in this case) has to believe in the company founder and the product, but people who know me, know I deliver on my word, and I truly believe my book is a product that can sell...even in the challenging publishing market.
The common expression in the publishing space is "You can't judge a book by its cover, but you can sell it!" If this is truly the case, which it seems to be, why shouldn't a cover illustrator, who holds so much sway on the book's success, be invested and rewarded too?
Kalamazoo!
Christopher
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