In the
course of a week I’m probably asked by at least one potential client for publicity services to agree to work on a royalty basis, whereby I only get
paid if the author sells books as a result of book publicity. In each and every case my answer is always
the same: "No."
Book publicists are not authors and they are not publishers, nor are they editors or cover designers. They are a different animal, and thus, are compensated differently. But when I explain to authors why a book publicist doesn’t work on a commission basis they inevitably seek to wave before me what they feel are generous offers of shared revenue.
Book publicists are not authors and they are not publishers, nor are they editors or cover designers. They are a different animal, and thus, are compensated differently. But when I explain to authors why a book publicist doesn’t work on a commission basis they inevitably seek to wave before me what they feel are generous offers of shared revenue.
“I’ll
give you half of what I make on a book,” is the most common offer. Others will insist I’ll end up making more
than the money I intended to originally charge if I take up the revenue-sharing plan. But I always stick to my answer, first,
because that’s the company policy of the book promotions firm that I
work for, and second, because It would be financial suicide to do otherwise.
Does
this mean I don’t believe PR makes a difference in sales? Of course I do. In fact, PR helps authors on many levels and
it is because of that, I feel justified in showing and charging for the value of what I do.
So
here’s why publicists shouldn’t agree to split book sale proceeds:
1.
The
publicist is not a publisher and distributor and can’t control all of the
things that bring about sales. For
instance, I had no say in the look of the cover, the book’s price, the
functionality of the author’s website, etc.
I might get great media coverage for a book but other factors limit its
sale.
2.
A
publicist is not an accountant and can’t be involved in tracking sales and
payments and wondering if he’s being told by the author of all sales that take
place.
3.
How
does an author even know if a sale took place because of the PR generated or
something else?
4.
PR
has value beyond book sales. Authors
will build their media resume, which may, in a year or two or three, be cashed
in to get a job promotion, a new job, or start a business. Or, the PR will help improve their credentials
and allow them to get more speaking gigs or consulting work – and to charge
higher fees. Further, PR can help sell
various rights (foreign, film, audio) and it can help an author get a new
publishing deal down the road. It can
also help an author build up his or her network of contacts, social media
platform, and media profile. It can help sell older books or unrelated products
and services. But none of this may
convert into royalties to the publicist.
5.
Publicists
supply things that are not quantifiable or something that can be monetized
immediately, such as: media consulting, advising, brainstorming, researching,
sharing information, enhancing ideas, and introducing connections and networking with individuals. They also write pitches and develop press kit materials,
strategize on social media, and provide valuable feedback to an author’s ideas. How will a publicist be
compensated for those things under a royalty basis?
How an
author leverages the guidance and media coverage generated is up to the author
and is something in his hands and not that of the publicist.
A good
media campaign also shares a positive message, influencing millions and impacts
society. Again, there’s no royalty split
that could tally such a value provided.
Authors
should see promoters as not only performers but as partners. The relationship of a publicist and author
can be one that pays off in the short- and long- run
Perhaps
one thing that authors and promoters can consider is to develop a working
agreement that honors the accomplishments of a book promoter, but not one
entrenched in book sales. I’d like to see a new hybrid arrangement, one that includes
a base fee for work performed and then to have incentives and bonuses for achieving
certain deliverables.
A
publicist can secure a certain number of media placements and a portion of them
can be at a high level, another portion at the B level and then a bunch of
C-list placements. Incentives can cover
all of that. For instance, for landing
certain agreed-upon media outlets a bonus can be delivered for each outlet or
for a certain total of outlets. Another
approach is to add up the estimated circulation/viewership/readership/views and
when they eclipse a certain number, a bonus is paid.
But when
you then say “How many books were sold?” and choose to only pay based on sales,
you’ve lost me and fellow publicity practitioners. I understand that authors need to concern
themselves with sales, as they should, but when weighing the overall value of
what a promoter provides, the sales metric is incomplete and short of the total
package provided.
So,
authors, please understand why publicists can’t and won’t buy into a
royalty-based arrangement.
DON’T MISS: ALL NEW RESOURCE OF THE YEAR
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Marketing Toolkit: All New
Brian Feinblum’s views,
opinions, and ideas expressed in this blog are his alone and not that of his
employer. You can follow him
on Twitter @theprexpert and email him at brianfeinblum@gmail.com. He feels
more important when discussed in the third-person. This is copyrighted by
BookMarketingBuzzBlog © 2015