Hey authors, do you ever wonder what those terms mean every time a literary agent or a publisher talk about a debut author who has landed a “good deal” or talk about how a bestselling author has landed a “major deal” with a book publisher? Have no fear, Dominique Gibson is here to break it down to all of my traditionally published authors (even the ones that are aspiring authors who want to go the traditional publishing route). Are you ready? Let’s do this.
So, here is a general breakdown of what all of that lingo means:
Nice Deal = $1 to $49,000
Very nice deal = $50,000 to $99,000
Good deal = $100,000 to $250,000
Significant deal = $251,000 to $499,000
Major Deal = $500,000+
That’s it in a nutshell. So the next time you hear or read this type of publishing lingo, you will know exactly what it means.