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Old 06-14-2012, 10:51 AM   #1
AnemicOak
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Self-Pub author signs seven figure deal with Penguin...

Thought this might be of interest...

Quote:
A self-published Clive author whose manuscript was rejected by 14 publishers a year ago hit a writer’s jackpot last week.

Tracey Garvis Graves of Clive signed a two-book deal with Dutton & Plume, which she says is worth “seven figures, a good seven figures.”

The New York publisher, which declines to release book-deal figures, acquired Graves’ surprise e-book best-seller, “On the Island,” and her forthcoming novel, “Covet,” which will be released in 2013.

“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.
more...
http://www.desmoinesregister.com/art...nclick_check=1
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