How to Use Publishers Marketplace When Querying | The Threepenny Editor (2024)

I often tell clients to invest $25 a month in a PublishersMarketplace.com subscription when they begin querying. Unfortunately, though, this advice isn't as intuitive as other querying advice (e.g., read the novels the agent represents, follow the submission guidelines, follow the #MSWL or #PitMad threads on Twitter). Here is a short Publishers Marketplace tutorial on how to get the most of out this tool when you query agents.

Quick Background

Publishers Marketplace (PM) is a publishing industry bulletin board. Anyone who works with books is free to buy a subscription and have a profile page onthe site--even authors. When agents sell their clients' books, they will often post a deal announcement on PM. The announcement mentionsthemanuscript, author, publisher, acquiring editor's name, and deal size (e.g., "very nice deal" or "major deal"). What we're interested in are the agents' and editors' deal pages,because the links at the top show a network of all theother agents or editors that they've workedwith in the past 12 months.

ThePublishers Marketplace Tutorial

PM is most helpful when you beginwith a list of books that are like yours, as well as a few names of agents who represent what you write. In other words, to get the most out of PM, you need to startwith a list of names—author names, agent names, and/or editor names.

Step 0: Where to Begin

So, let’s say you are an author in India who is writing a story set there. You would gather the following list in the following ways.

1. Jane Smith*, author (wrote a popular novel similar to yours, which you read and loved)

2. Anita Brown, author (while researching "favorites” lists onBN.comandGoodreads.comin your genre, you discovered that this book is like yours and well respected)

3. Rohan Greene, author (same as above; and publishedwithin the past five years, ideally)

4. George Redding, agent (found by searching #MSWL, says he’s looking for novels set in Asia)

5. Vikas Paul (an Indian agent; you read an interview of him online and got a good feelingabout his personality)

6. Tori Park (an agent you met at a conference and who expressed interest in yourmanuscript but later rejected it)

* =these are all fictitious names

Then you log on to PM. The goal is not only to find out which agent represents authors 1-3 and get submission info for agents 4-5, but to use PM to create a network ofconnections AROUND thesepeople and generate a much longer list. PM is primarily valuable for its deal announcements and the ability to see which agents workwith which editors. (See graphics below.)

Step 1: View the Dealmaker Page

Do a search on each name. You’ll likely get several results; one result might be anauthor page containing abio and agent’s name. Other results might include deal announcements: click on the announcement and see what editor acquired the book. Click on the editor’s name. Each editor’s listing will show which agents have sold projects to that editor in the last 12 months.This is what you want.From each agent’s name, then, you can get four or moreotheragents’ names.

Step 2: PopulateYour List

The reasoning behind this is that the publishing industry is all about personal tastes. If you can start with books that YOU like and which are similar in style or content to yours, you are beginning with taste: a particular style of fiction. Then you move your search outward from there, using the PM network to identify people who have represented and acquired books like yours. This helps narrow down the field while still generating twenty or more names you wouldn’t have thought to search for, otherwise.

Step 3: Browse the Top Agents in Your Genre

Publishers Marketplace also allows you to search for the "top dealmakers" in your category, which (if you're reading this) is likely to be debut fiction. Browse the names and do your research, as described below.

Step 4: Individual Research

After that, research each new name on your list as you would any other agent: readabout their bios, visit their agency website, ensure they are open to unsolicited submissions, and follow their submission guidelines, if so. You might only get eight or ten viable names for every twenty-five you find this way, but this is fine.

As a bonus, you are also likely to havesomething relevant to say in your query letter to them, too: e.g., “I am contacting youbecause you worked with Jane Doe, the editor at Harcourt who acquired TITLE, a novel that is similar to mine in that it, too, draws on the spiritual power and beauty of the Indian Himalayas.”

Final Thoughts

The publishing industry moves fast. When you compare your novel to others and search for similar titles, always favor the ones that have been published in the past twoyears. Agents and editors move around a lot, and from a business perspective, even successful novels have a short shelf life. It does no good to compare your family saga to Mario Puzo'sThe Godfather--even though Puzo's agent is still very much in the industry, the market has changed and Neil Olson rarely reads unsolicited submissions.

And finally, the publishing industry is tricky: flattery gets you everywhere, but agents have a finely tuned bullshit detector. If you start your search by using books they have represented, you really need to have read the books and be able to talk about them. It will be obvious if you haven't--and even if you have just read lots of reviews. Be as honest with people as you want them to be with you.

I hope you've found this Publishers Marketplace tutorial helpful. Good luck! And if you need some assistance with your submission, click around our Services page to find out how to get help making your query sing. We’ve helped many writers, and are successfully agented and published writers ourselves!

How to Use Publishers Marketplace When Querying | The Threepenny Editor (2024)

FAQs

How do I find an agent on Publishers Marketplace? ›

To view lists of agents, select Dealmaker type: Agents and then choose a category from the Deals category: dropdown menu. You can look broadly (Fiction; Nonfiction; Children's) but you are probably better off viewing more specific categories, such as Fiction: Mystery/Crime.

What is a nice deal on Publishers Marketplace? ›

Here is a key to decipher what the phrases mean: “nice deal” $1 – $49,000. “very nice deal” $50,000 – $99,000. “good deal” $100,000 – $250,000.

What does Publishers Marketplace do? ›

Publishers Marketplace is an industry news website that can help authors connect with agents and editors.

How much does Publishers Marketplace cost? ›

A paid membership in Publishers Marketplace costs $25 per month, billed on a monthly basis. We offer discounted rates if you sign up for a 6-month or 12-month plan. If you are paying by credit card, you may sign up for any of these plans through our standard Registration form.

How do I query a publishing agent? ›

Typically, the querying process has three components – the query letter, a synopsis and a number of pages or chapters from your manuscript. Some agents or publishers only ask for one or two of these components. Make sure you only submit what is requested.

Can you submit to publishers without an agent? ›

While having a literary agent can be beneficial for many authors, it is not always necessary to have one to get published. Authors can submit their work directly to publishers, especially those who accept unsolicited submissions or have open submission periods. Yes, an author can submit a manuscript without an agent.

What does a six figure book deal look like? ›

50K per book--100K for a duology, 150K for a trilogy--is a "6-figure deal"--and it's a very good and respectable deal number. But when you do that math, it's not as much money as you think it is.

What is the average book deal amount? ›

The average book deal for first-time authors can fall between $1,000 to $10,000, depending on factors like publisher size and competitor landscape. How much is a book deal worth for seasoned authors? It can go up to the millions. Well, how much royalties do authors get with self-publishing?

Is it normal for publishers to ask for money? ›

Traditional publishers will not ask you to pay them up front, so beware of any request for a fee from a publisher—with the exception of hybrid publishers, which do split costs.

What percentage do publishers take? ›

Traditional Publishing: When you secure a deal with a traditional publisher, your royalties are a percentage of the book's sales, often ranging from 7.5% to 15% for print books. Your publishing contract should clearly outline details such as the royalty rate, schedule, and calculation method.

Should I join Publishers Marketplace? ›

“Publishers Marketplace gives you access to a database of every editor, every agent, every merger, and (almost) every deal that occurs in the mainstream publishing world. If you want to be an agent, author, editor, or other type of publishing professional, it's worth every penny.

Do publishers pay for editing? ›

For self-publishing, yes, you should pay a book editor. A brief reminder: if you choose to publish traditionally, your publisher will pay your editor on your behalf.

Do you pay a publisher or do they pay you? ›

The author will make a deal with a publisher and enter into a contract. Traditionally under the contract the author will be paid an up-front sum, known as an 'advance' (advances are generally modest these days).

Why do publishers charge so much? ›

Publishers must pay royalties to authors for the rights to publish their books, typically calculated as a percentage of each sale. In traditional publishing, royalty rates often fall under 10%, while in self-publishing, authors can see rates up to 70%. Licensing fees also come into play within the publishing industry.

How much does it cost to have a publishing agent? ›

Generally speaking, a literary agent will take around a 15% commission on your published work, which includes everything from audiobooks to film rights. This percentage is usually higher for things like translations and foreign rights sales.

How do I get an agent for a book deal? ›

  1. Identify how your book fits into the publishing world. This will make the following steps a million times easier and more effective. ...
  2. Find agents who are looking for books just like yours. ...
  3. Refine your list of just-right agents. ...
  4. Personalize each query letter. ...
  5. Send query letters to agents in batches. ...
  6. FOLLOW UP!
Jul 7, 2024

Do you have to pay for a publishing agent? ›

Traditionally, agents get paid only when they sell your work, and they receive a 15 percent commission on everything you get paid (your advance and royalties). It is best to avoid agents who charge fees other than the standard 15 percent.

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