Premium Essay

Book Deal

In: Business and Management

Submitted By vbhat
Words 267
Pages 2
The Out come of the deal is

Royalty $175,000 and 10% of the list price if sales reaches 200,000 copies in a year, otherwise 7% of the list price.

we started the discussion with agent explaining about the experience of the author in this field and she is a well known name in the field of Behavioral Decision research (BDR). Slovsky’s has a keen interest in writing this book and this will the first of its kind helping the small investors.

Publisher than stated as the author is new and its her first book.

So it will be good to with $100,000.

Agent told seeing the vast experience and mission of Slovosky this is a below par offer for the book.

Publisher told that, since she is new into the market of book writing, it will not be an easy task to reach the mass and thus they will have to put in a lot of money for the Marketing Cost.

So the best he can give is $150,000

Then Agent countered with the point that he has a vast experience in such kind of book deal and this can easily give you a lot returns. As the book is first of it’s kind in the market which looks to the core of finance and not the technical side of it, so easy to target a broader Audience.

Then we got upto our final outcome of the deal,

Royalty $175,000 and 10% of the list price if sales reaches 200,000 copies in a year, otherwise 7% of the list

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