what authors earn

How To Diversify Your Income Beyond Your Book

by

This post by Kristen Eckstein originally appeared on The Future of Ink on 9/5/14.

It doesn’t matter if you’re a children’s book author, fiction writer, non-fiction how-to author, business person, or even a fine artist. The fact is, in this modern age of book publishing, you’re in business…

Period.

You’re in sales, you’re in the business of selling books, and hopefully you’re in the business of using your books as a gateway to make even more money with external products and services.

Any seasoned author will tell you that you won’t quickly get rich off book sales profits and royalties alone. The average traditionally-published non-fiction book royalty is a whopping 6% after print cost and the distributor’s discount.

That’s about 9 cents on a book that retails for $10. To make back the average advance of $500 for this type of book, you’d have to sell 5,556 copies. That’s over 5,500 copies before you’d see another penny from the publisher!

On the same indie-published book (that is, you own the distribution rights and publish under your own name, not through a self-publishing services company or vanity publisher), you’d make about $1.50 per copy.

To make $500 in book sales alone, you’d still need to sell over 300 copies.

 

Click here to read the full post on The Future of Ink.

 

How I Made Record Sales in August

by

This post by Elizabeth Barone originally appeared on her blog on 9/20/14.

I’ve been meaning to do this sort of write-up for a while, but I’m always hesitant because I don’t want it to seem like I’m bragging or whining. Here’s the thing, though: writing is my full-time job. Just like any other business, it’s important to track what is and isn’t working. I also strongly believe in sharing information; I don’t see other authors as competition. Being that I’ve been sort of coaching a couple of authors new to indie publishing, I think it’s even more important for me to share what I’m learning.

I’m going to share my actual sales numbers and income. I’m a little nervous about this, because I am far from making a full-time living off of my books. But I would like to track what I’ve been doing and swap some ideas with you.

Let’s get started.

 

August Releases
Becoming Natalie (Book #3, Becoming Natalie Series)

Becoming Natalie: The Complete Collection (Books #1-3 in the Becoming Natalie Series)

 

August Marketing
Uploaded Becoming Natalie to Kindle, iBooks, and Kobo for pre-order and added links to series sales page on my website.

Serialized Raising Dad on my blog, posting a new chapter every day.

Gave away the first five ESX books via my email newsletter.

Offered a signed limited edition ESX postcard to email subscribers.

Posted a gallery of photos from the real life setting of the Becoming Natalie series.

Posted a cover reveal for Becoming Natalie.

Made an effort to update my blog at least once a week with relevant pop culture or social topics.

 

Click here to read the full post, which includes MANY more marketing bullet items, actual sales results and further analysis, on Elizabeth Barone’s blog.

 

Want to Successfully Publish? First, Are You a “Real” Writer?

by

This post by Kristen Lamb originally appeared on her blog on 9/15/14.

For many writers (me included), we don’t start off with the confidence to yell to the world, “I’m going to be a professional author!” Heck, I wrote a 178,000 word “novel” and still didn’t believe I was a writer. Later, I had over a year and a half of consistent blogging under my belt, multiple short stories, and newbie novels that had been at least good enough to win prestigious contests and yet….

I was not a “real writer.”

Schrödinger Writer? If you put a writer in an office at a keyboard, is the writer alive or dead (real or fake) until the book is published?

 

We’ve Come a LONG Way, Baby

The literary landscape has shifted dramatically. More avenues of publishing have opened and become appealing, thus this silly question of, “Are we a real writer?” holds far less power. Believe it or not, when I began blogging, I dedicated countless posts to answering this very question. In retrospect, I did it for me as much as for others.

I’ve always asserted that we are what we do. What is our primary career focus (beyond a necessary day job)? The second we sit at a keyboard and write, we are writers. Yet, as my first “novel” glaringly illustrates, we might not yet be a “good writer.”

 

Click here to read the full post on Kristen Lamb’s blog.

 

The Magic Building Where English Majors Work: Making Sense of Creative Writing’s Job Problem

by

This essay by Cathy Day originally appeared on The Millions on 9/10/14.

When is the right time to tell people about their job prospects? In graduate school? Before they even apply to graduate school? Or sooner than that even—in their first creative writing class? Never? Let them Google it because it’s just too depressing otherwise?

[Note: The student I describe is a composite character of many students I’ve met in my 20 years of teaching.]

A few months ago, Tracy came to my office. She was majoring in something practical, “but I love reading, and I love writing,” she said.

She wanted me to talk her into becoming a creative writing major. But she needed assurances.

Her eyes got a little dreamy. “I know that somewhere out there, there’s a building where I can work and get paid to do what I love. Tell me. What is that building?” she asked. “How do I find it?”

My heart broke a little then, because once upon a time, I dreamed about that building, too. “Well, there isn’t just one building,” I said. “There are thousands of buildings.”

“You mean publishing houses,” she said, nodding her head.

I hear this a lot from students: I want to work in publishing. Usually it means that they love the world of books more than they actually want to be writers—and there’s certainly nothing wrong with that.

So I told her about a class we offered on Literary Editing and Publishing. I told her about the internship program in New York to which she could apply. “But Tracy, I want you to know that it’s hard to get a job in publishing. At least in the way that you imagine it.”

“It is?” She looked incredulous.

 

Click here to read the full essay on The Millions.

 

Writers as Casualties of Commerce

by

This post by James Scott Bell originally appeared on The Kill Zone on 9/14/14.

Since 2009 or so, the so-called midlist at traditional publishing houses has dried up faster than a mud patch in the Serengeti. The bleached bones of writers who did not earn out are scattered around in random configuration. On the parched ground near a scorched femur can be seen a message scratched in the dirt, a last call from a thirsty scribe: Help! My numbers suck!

I’ve heard from many friends and colleagues about traditionally published writers––some who have had relationships with a house for a decade or more––seeing their advances drop to record lows, or not being offered another contract at all.

And then what? What happens to these foundering careers?

Two writers give us answers. The first is Eileen Goudge, a New York Times bestselling author. She had a soaring career in the 1990s, and even a power marriage to super agent Al Zuckerman. That’s how I became aware of her. Zuckerman wrote a good book on writing blockbusters where he recommended reading Goudge’s Garden of Lies. I did and loved it, and read another of hers a bit later on.

So I was gobsmacked last month when I read a post by Goudge about her travails as a casualty of commerce. She describes what happened to her and many other writers this way:

 

Click here to read the full post on The Kill Zone.

 

DON'T Do What You Love

by

This post by Rachel Nabors originally appeared on Medium on 8/19/14.

I don’t like advice like “Do what you love and the money will follow.” Not because it isn’t true, but because it’s a monkey’s paw: it’s true under the right circumstances with the right people, and for everyone else, it’s just bad advice.

I used to make comics for a living (these comics, right here), and I gave out similar advice and professed similar goals: If I just tried hard enough, I’d make it doing what I love, making comics for a living. If anyone was less successful then I was, well, they must not have been trying hard enough.

To an extent it worked! I won awards, had hordes of fan girls, a weekly syndicated web comic I got paid for (very well by comic industry standards, too). I thought I was doing great doing what I love.

And then it all ended.

I needed surgery.

And I didn’t have health insurance.

Almost overnight the series shut down. My fans and friends ran a Herculean donation effort for me, but it wasn’t enough. I quit comics and went into web development, something I’d enjoyed doing to support my web comics presence, but I wouldn’t say I loved it. Not then.

 

Life after surgery.

 

Click here to read the full post on Medium.

 

In Defense of Amazon

by

This post by Neal Pollack originally appeared on Slate on 9/2/14.

I’m a writer, and my experience with this supposedly evil corporate behemoth has been fantastic.

Last August, Amazon flew about 80 writers on its Thomas & Mercer mystery and thriller imprint—including me—to Seattle for a conference. They put us up at the Westin downtown, a nice hotel by any standard, and spent the weekend feeding us well and serving us top-shelf booze at an increasingly fabulous series of parties. There were tourist outings, the usual conference mix of panels and workshops, and a non-stressful visit to the Amazon Death Star. Also, they gave us a free Kindle Paperwhite, a nice touch.

With a few exceptions, none of the writers at the conference were particularly famous; some had only published one or two books, all with Amazon. The Seattle trip wasn’t normal treatment for them, or for anyone. I’ve published books with independents and with big corporate imprints, and I’ve published books on my own. Each of these experiences was positive in its own way. But never before had I been treated quite like this. It felt like I’d entered a glorious new age. Amazon had given me a free sneak preview of what book culture would be like from now on.

As usual, I was naive.

 

Click here to read the full post on Slate.

 

Konrath's Advice to Publishers

by

This post by J.A. Konrath originally appeared on his A Newbie’s Guide to Publishing blog on 8/17/14.

Over four years ago I wrote a blog post about ebooks:

Joe sez in May 2010: I’d always assumed that print publishers would begin to lose market dominance once ebooks took off in a big way, and they’d have to either restructure or die.

But now I’m predicting another death for them.

What is going to happen when authors stop sending their books to publishers?

If I know I can make $100,000 on a self-published ebook in five years of sales, and I have the numbers to back up this claim, why would any informed writer–either pro or newbie–ever settle for less?

The dominance of ebooks is coming. I have no doubt. But I always thought it was the readers who would lead the charge, based on cost and convenience.

Now I’m starting to believe that the ones with the real power are the ones who should have had the power since the beginning of publishing. The ones who create the content in the first place.

The authors.

It’s a wonderful, dynamic, empowering time to be an author. For the first time, we can command our own ships.

We’re the ones who write the books. We can reach readers without any gatekeepers at all. And we can make money doing it.

The print publishing industry’s biggest fear shouldn’t be the eventual dominance of ebooks over print.

 

Click here to read the full post on A Newbie’s Guide to Publishing.

 

The New Bestseller Lists

by

This post by L.J. Sellers originally appeared on The Kill Zone on 8/11/14.

Elements of the publishing industry have never been more hotly debated! The most passionate discussion is the Amazon/Hachette dispute over distribution terms and pricing, but another issue has come up that may have a broader effect on authors. Or at least, a more personal influence.

Amazon’s new Kindle Unlimited program was unveiled recently, and it’s already affecting the measure by which authors all live—the Kindle bestseller lists.  I’ll get to that in a moment, but first the background: Kindle Unlimited (KU) is a subscription service for ebooks. For $9.99 a month, readers can download all the digital books they want. So far, the books included in the service mostly come from the Select program of Kindle Direct Publishing (KDP) and Amazon Publishing (AP) imprints.

[You can enroll in the KDP Select program by clicking on the box when you upload your book. When you click the Select box, you’re agreeing to make that ebook exclusive to Amazon and not sell it in ebook form anywhere else. In exchange, you get various promotional opportunities, plus you’re enrolled in KOLL (the lending library), so you get paid each time someone borrows your book. And now, with the new program, you’re also in Kindle Unlimited, for even more paid sales.]

 

Click here to read the full post on The Kill Zone.

 

What Does Amazon/Hachette Have to Do With Me?

by

This post by Barry Eisler originally appeared on his blog on 8/9/14.

In connection with the $100,000 ad some reactionary authors bought to run in tomorrow’s New York Times, Amazon has sent a letter to its self-published authors. It’s a good read, with some interesting historical context, for anyone who values low-priced ebooks and fair royalties for writers. And if you want to share your opinion on those topics with the CEO of “Big Five” publisher Hachette, you can email him — just scroll down the Amazon letter. Here’s what I said:

Hi Michael, even if the Big Five (why would anyone imagine something called the Big Five could be a cartel?) still had the power to control the market — and you don’t — the best you could do through agency and windowing and the like is delay the inevitable mass market transition to digital. Is that really who you want to be? A reactionary, focused on shoring up the next quarter rather than expanding your opportunities for the long term?

I don’t want big publishing to die — I want it to get well. But to get well, you’re going to have to change the lifestyle that’s led to your ongoing decrepitude.

Please, think about the future. Think about your place not just in the Big Five, but in the world. Stop impeding what’s best for readers, writers, and reading. Don’t fight progress. Be progress.

Sincerely yours,
Barry Eisler
www.barryeisler.com

I’ve seen some interesting reactions to the Amazon missive. I responded to some of them over at The Passive Voice, which consistently has some of the best industry coverage I’ve seen (both for Passive Guy’s presence and the insights of the people who comment there). I’ll address those reactions here, as well:

1. Amazon and/or Hachette are trying to get me to do their bidding, drag me into their war, dragoon me, etc.

 

Click here to read the full post on Barry Eisler’s blog.

 

Michael Cader of Publishers Lunch In Conversation With J.A. Konrath

by

This post by J.A. Konrath originally appeared on his A Newbie’s Guide to Publishing blog on 8/1/14.

Joe: Yesterday I fisked Mike Shatkin, who openly brags he doesn’t read my blog, and has removed my comments from his blog because he felt them too long.

I also fisked Michael Cader from Publishers Lunch.

Cader, however, showed he doesn’t fear debate, and had no problem sharing his opinion in a forum where many have a contrary point of view. He responded to my points in the comment section, and that took integrity and more than a little bit of guts.

Michael Cader: Hi, Joe. I’m glad we have at least some points of agreement. Some of your other replies are tangential rather than on point.

Joe: Thanks for responding, Michael. While it isn’t unprecedented for people I blog about to respond, it is certainly unusual, and shows both an open mind and a willingness to engage. You have my respect.

Cader: Amazon is very careful with their words, even if not elegant. The post begins, “A key objective is lower e-book prices.” A lot of traditional media have written the post up as if it said “The key objective…” What are the other key objectives, Amazon? Why do your conversations with people in the trade talk about looking for your fare share of the “business efficiencies” produced by a rising ebook market and your investments, while your public words are only about pricing objectives.

Joe: Well, we agree that Amazon is careful with their words. It’s unusual to hear an observation like that leveled as a criticism. Does Cader prefer the Hachette approach, which is to clear English what a chainsaw is to a tree…?

 

Click here to read the full post on A Newbie’s Guide to Publishing.

 

These Romance Writers Ditched Their Publishers For Ebooks — And Made Millions

by

This article by Mandi Woodruff originally appeared on Yahoo! Finance on 8/1/14.

In early 2010, things weren’t going very well for San Francisco-based romance novelist Bella Andre. Brick-and-mortar bookstores were shutting down in large numbers, and after seven years, eight books and two publishers, she learned she had been axed from her latest contract.

“I was hanging on by my fingernails,” says Andre, 41, who was trying to carve out a niche in contemporary romance. Peers advised her to try a different pen name, to change genres, to write anything but love stories. With a degree in economics from Stanford University and a background in music, she wasn’t short on career options.

Then a friend suggested she look into self-publishing. At the time, Amazon.com’s  (AMZN) direct publishing platform, which allows just about anyone to publish and sell their books online, was beginning to gain traction among professional writers. After years of bending her stories to the will and opinions of publishers, editors and literary agents, Andre found the prospect of having complete autonomy over her material very appealing.

“As an author, I was not high up on the publishing food chain and [my ideas] were rarely ever listened to,” she says. “I took my friend’s advice and I dove right into self-publishing.”

 

Click here to read the full story on Yahoo! Finance.

 

Amazon Speaks: We Want Lower eBook Prices from Hachette

by

This post by Nate Hoffelder originally appeared on The Digital Reader on 7/21/14.

Amazon hasn’t said much concerning their ongoing contract dispute with the French media conglomerate Lagardère and its US publishing subsidiary Hachette, and today the retailer broke their silence with what is only their third official statement (not counting the leaked letter).

Like the first two statements, Amazon isn’t saying much. According to a message posted on Amazon’s forums (and copied below), one of the sticking points in the negotiations is the price of ebooks. We of course knew this from the WSJ interview in which Russ Grandinetti said little and avoided defending Amazon, but Amazon expands upon that earlier statement with a call for higher author royalties on ebooks.

The statement below lays out the math Amazon uses to justify their push for lower ebook prices, but it’s worth noting that the statement is somewhat misleading.

Amazon would like you to think that most ebooks can be priced at or below $10, even going so far as to point out that “there will be legitimate reasons for a small number of specialized titles” that will cost more, but what they hope you won’t realize is that they are glossing over whole swathes of nonfiction content, including textbooks, reference manuals, professional books, and works that are much longer and more expensive to create than your average novel.

 

Click here to read the full post on The Digital Reader.

 

Kindle Unlimited – Some Early Results

by

This post by Nick Stephenson originally appeared on his blog on 7/23/14.

For anyone still living under a rock, or perhaps a particularly voracious shrub, you’ll probably already know that Amazon’s new Kindle Unlimited program launched over the weekend, spurring a veritable explosion of opinion (both optimistic and doom-mongering) across the interwebs. Of course, much of what people are speculating is, well, just that – speculation.

So, in an attempt to add a little objectivity into the mix (God forbid) I figured I’d let you know how the new Kindle Unlimited service has affected me in the few days it’s been live.

But, before I get to that, I promised I’d put a comprehensive post together explaining how I’ve been building up my email list over the last few months. I’m seeing some steady growth – going from just a few hundred subscribers at the beginning of the year to over 4,000 readers as of today. For me, especially in light of potential game-changers like Kindle Unlimited, having my own ready-made list of followers is more important than ever. If you want to find out more about what I’ve been doing to build this up, head on over to indie legend David Gaughran’s Blog – David was kind enough to invite me over for a guest post about email tactics, and I’ve included a full breakdown.

Anyway, back to the topic at hand. What exactly is Kindle Unlimited? It’s being touted as “Netflix for Books”, and is essentially a competitor to the already established offerings from Scribd and Oyster. The key points authors need to know are:

 

Click here to read the full post on Nick Stephenson’s blog.

 

Creative Entrepreneur: Business Models For Authors

by

This post by Joanna Penn originally appeared on her The Creative Penn site on 7/25/14.

This is a continuation in the author entrepreneur series of articles. Recently, I posted the arc of the indie author from first book to CEO of your global business.

Today we’re focusing on the various business models that authors can use to generate revenue and satisfy customers.

Of course, many authors have day jobs which is a great way to pay the bills and writing can then be for fun or extra income, but this article is aimed at authors who are intent on going full-time in this business.

 

Why do you need to define your business model?

Defining your business model can help keep you focused. Opportunities expand as your profile grows and keeping your business model top of mind can help you say no to things that distract you. [I need to remind myself of this all the time!]

For example, renowned indie author JA Konrath states, “I gave up on public appearances a few years ago, because of diminishing returns. They were indeed fun, but the cost and time away from writing wasn’t worth it to me.”

My business model includes professional speaking as well as being an author, but recently I have started to turn down speaking work in order to focus more on the writing and only taking interesting speaking events, like Sweden in September. I’ll be sharing my business plan at some point soon, but in considering where to focus my efforts, these were the most common business models I discovered – and some people mix and match between them.

 

Business model 1: Non-fiction books with info products, speaking and consulting

 

Click here to read the full post on The Creative Penn.