EPISODE 98: I’ve Got A Book Offer, NOW WHAT?

In this episode of Way-Word Writers, hosts Heather Cashman, Stephanie Bearce, and Nicki Jacobsmeyer discuss the critical steps and considerations for authors who receive a book offer. They emphasize the importance of celebrating the offer, taking time to review the contract, and asking the right questions. The hosts share personal experiences with book contracts and highlight key issues such as negotiation timelines, advances, subsidiary rights, and the impact of AI on publishing. They provide actionable advice for both agented and un-agented authors, stressing the necessity of seeking legal assistance when reviewing contracts to ensure a fair and beneficial agreement.00:00 Welcome to Way-Word Writers00:45 Celebrating Your Book Offer01:26 Questions to Ask When You Get an Offer02:45 Negotiating Your Contract09:22 Understanding Advances14:28 Royalty Rates and Payments19:35 Rights and Contract Clauses22:09 Understanding Subsidiary Rights23:26 Negotiating Contract Terms27:15 Marketing and Production Considerations30:04 Cover Design and Illustrations34:24 AI Clauses and Legal Considerations36:48 Final Thoughts and AdviceTo see the DEEP DIVE article on this episode, go here! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit waywordwriters.substack.com