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Literary Agent

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.