Concorde Final Flight
Tom Brosnahan
Guidebook Contract Offer
I received a message from "Mexico Mike" Nelson, an author specializing on Mexico, asking my opinion of a book deal he had been offered. His questions and the responses might be helpful to other authors.
Tom, perhaps you'd be willing to help me with a good "problem". I've been offered a chance to do a book on Mexico (a travel guide) by [a travel guide series]. They have guides to Hawaii, Australia and that part of the world, but nothing on Mexico. I'd be starting from scratch. Length is to be 300-500 pages. They offered me a royalty 10% for the first 7,500, 12% next 7,500 etc. with an advance of $10,000 over 4 payments. $2,500 upon signing contract, $2,500 when half manuscript is finished etc. Royalties are based on "actual monies received", so that's the wholesale price less returns as I read it.
I think it is a low offer. Frankly, I figured that something of that magnitude would be worth about $60,000, considering the expenses involved. On the other hand, I have done most of the traveling and will do the rest this year. What I don't have is a lot of the details like taxi prices, bus schedules etc.
One friend said I should do the book as a vehicle to get my name known. I don't know if guidebooks are the way to do that or not. You certainly have quite a name in the field. Another said that writing articles would be more lucrative and a better vehicle.
Is their offer ok? Any observations you can give me will be most gratefully appreciated. My idea before this offer was to write small books and self-publish, but I need an investment of about $6,000 to get the cost per book down to where it is reasonable.
Guidebook Contract Offer
I received a message from "Mexico Mike" Nelson, an author specializing on Mexico, asking my opinion of a book deal he had been offered. His questions and the responses might be helpful to other authors.
Tom, perhaps you'd be willing to help me with a good "problem". I've been offered a chance to do a book on Mexico (a travel guide) by [a travel guide series]. They have guides to Hawaii, Australia and that part of the world, but nothing on Mexico. I'd be starting from scratch. Length is to be 300-500 pages. They offered me a royalty 10% for the first 7,500, 12% next 7,500 etc. with an advance of $10,000 over 4 payments. $2,500 upon signing contract, $2,500 when half manuscript is finished etc. Royalties are based on "actual monies received", so that's the wholesale price less returns as I read it.
I think it is a low offer. Frankly, I figured that something of that magnitude would be worth about $60,000, considering the expenses involved. On the other hand, I have done most of the traveling and will do the rest this year. What I don't have is a lot of the details like taxi prices, bus schedules etc.
One friend said I should do the book as a vehicle to get my name known. I don't know if guidebooks are the way to do that or not. You certainly have quite a name in the field. Another said that writing articles would be more lucrative and a better vehicle.
Is their offer ok? Any observations you can give me will be most gratefully appreciated. My idea before this offer was to write small books and self-publish, but I need an investment of about $6,000 to get the cost per book down to where it is reasonable.
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