Self-Published Author Scores Six-Figure Deal With HarperCollins

dollarsJennifer L. Armentrout’s story of going from aspiring author to signing a six-figure deal with HarperCollins for her self-published best-seller Wait for You (and two other titles) reads similar to others we’ve seen:

— Rejected by countless agents and publishers

— Went to a small press, gained some small acclaim

– Acquired agent

– Self-published title publishers rejected

– Three weeks later, after topping out at No. 1 on the ebook best-seller list, signs six-figure deal with big-six publisher

It’s not the exact same story as Hugh Howey or Amanda Hocking, for instance, but it still follows the “inspiration, rejection, redemption” narrative arc.

The deal is in the “high” six figures, Armentrout told Digital Book World, and will be posted later today on the Publishers Marketplace database.

Armentrout admits that there’s little or nothing a publisher could or should have done differently to acquire her work before it popped and netted her a huge advance.

But maybe that’s a good thing for publishers looking to make investments in content. HarperCollins is paying big bucks for, essentially, a proven hit. The returns won’t be as eye-popping as if the company had paid a more traditional advance for a relatively unknown author writing in a risky genre (new adult, in this case) but for every ten or twenty of those bets, maybe one will pay off. In this case, HarperCollins is looking forward to a more dependable if smaller return on its investment.

Read more of our exclusive interview with Armentrout.

Related: Understanding What Authors Want

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One thought on “Self-Published Author Scores Six-Figure Deal With HarperCollins

  1. Pingback: Friday’s Round Up – March 22, 2013 | Calamus


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