I wonder how long before we stop reading these types of stories, either because it has become so established a route to publishing success that it’s not worthy of comment or because no author would be crazy enough to do the deal?
I suspect publishers will just have to keep paring back their at operations edges (the fat if you will, though i sure in some cases they’ll be cutting muscle) in order to offer enough cash and royalties to sink these deals:
“It’s life-changing,” said Graves, who chronicled her path from rejection to viral e-book sensation last month in the Des Moines Register. “I’m happy for my good fortune and humbled by it. I’m not sure what happened.”
What happened is this: The 45-year-old Clive mother of two rose before the sun and work at Wells Fargo every day and tapped out a steamy novel about a 30-year-old English teacher shipwrecked on an island with a 16-year-old student. She was rejected by 40 book agents and 14 traditional publishers so she spent $1,500 for editing and formatting and posted the e-book on Amazon.com. It sold only 100 copies in the first month, then took off by word of mouth and thousands of positive online reviews from readers.
A paperback was offered and by last week the title rose to No. 7 for e-books and print sales combined on the New York Times best-seller list.
via After viral e-book, Iowa author inks seven-figure deal | The Des Moines Register | DesMoinesRegister.com.