Business At A Glance
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
Business Overview
A six-figure income can be earned as aliterary agent, providing you have a good understanding and knowledgeof the publishing industry. You agree to represent authors’ works andmarket the literary works to publishers.
Many literary agents willspecialize in one or two particular fields of interest, such asbusiness books, children’s books, biographies, or how-to books. Thereare two ways to generate revenues as a literary gent.
Literary agentsgenerally receive a 10 percent commission on all work that issuccessfully marketed to publishers. Many literary agents charge areading fee to review manuscripts submitted by authors. This readingfee is not a means of getting rich, but simply a method to get paid forextensive amount of time spent reading authors’ submissions, as theymay submit hundreds of manuscripts on a yearly basis.