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Money & Outlook

Insider Info

Agents charge about 15 percent of the commission taken from a book's advance and from its royalties.

"There's a long learning curve with little money for the first few years until you can sell enough books to have royalty commissions flowing," says Stephen Wheeler, an agent in Colorado.

The field is small and will continue to remain small in the future, according to literary agent Beverley Slopen. "It's only one aspect of the book publishing business or entertainment area, and [it's] not a wide open field."

Earnings and employment information from the U.S. Department of Labor is not available for this field at this time.

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.