Some good news?
HarperCollins, Jonathan Cape, Little, Brown, and Tinder Press are all opening up to submissions from authors who do not have agents. ~Gasp!~
Why on Earth would these leading companies suddenly change an age-old gatekeeping mechanism to allow anyone to submit?
Could be finances. Authors who aren’t represented usually receive offers that have lower advances, lower royalty percentages, less lucrative royalty breaks, and lower marketing budgets. Add all that up, and publishers could save quite a bundle.
Trust me. The 15% authors save by not paying an agent is not going to pay off under these circumstances.