Why Writers Are Opening Up About Money (or the Lack Thereof)

This article by Anna North originally appeared on The New York Times Opinion Pages on 7/21/14.

Writers may always have worried about money, but now seems a particularly fertile time for writing about it. Scratch Magazine, launched last year, takes as its purview “Writing + money + life.” The Billfold routinely runs stories on how freelance writers and other creative types “do money.” The novelist Emily Gould opened up about her financial life in a popular Medium essay and subsequent interviews, and The Guardian’s Alison Flood recently reported on the sorry state of writers’ incomes (which, in turn, inspired some critique from Gawker’s Michelle Dean).

This spate of talk about writing and money has opened up broader conversations about who can afford to enter the profession today, and who gets shut out.

Manjula Martin, the cofounder of Scratch, told Op-Talk that “there has always been this tension for writers around how to make a living and how to make art.” However, she said, growing job insecurity in writing professions and beyond may have led to a new wave of anxiety: “As the economy is changing and as things just feel more precarious in our culture, that bleeds through to the literary culture. And I think a big part of that too is a question of, ‘is literature and are the arts going to continue to be valued in ways that we have perhaps always just assumed they would be?’”

 

Click here to read the full article on The New York Times Opinion Pages.

 

Paying Writers What they Deserve

This post by Hugh Howey originally appeared on his site on 7/12/14.

Traditional Publishing is no Longer Fair or Sustainable. This was the sad but accurate headline in The Guardian this week. It followed a report on author income from the ALCS, the results of which led Nicola Solomon, head of the UK’s Society of Authors to declare:

Authors need fair remuneration if they are to keep writing and producing quality work. Publisher profits are holding up and, broadly, so are total book sales if you include ebooks, but authors are receiving less per book and less overall due mainly to the fact that they are only paid a small percentage of publishers’ net receipts on ebooks and because large advances have gone except for a handful of celebrity authors.

This comes right on the heels of The Daily Mail’s piece about Hillary Clinton’s latest book. The memoir has sold well by most measures, moving 161,000 copies in the first three weeks and 86,000 in week one, but the book has dropped in the charts, and it appears Simon & Schuster will take a loss due to the $14,000,000 advance paid to Hillary.

Forteen million dollars.

By publishing math, this advance was warranted. Her previous book sold well enough for the bean counters at S&S to come up with what seemed necessary to both retain Hillary and turn a profit. But this methodology flies in the face of recent rhetoric about the role publishers play in the protection of literature and the nurturing of “the writing life.”

With that sum of money, you could pay 500 writers $28,000 to enjoy a full year of the writing life. Or you could pay 250 writers $56,000 if they don’t understand how to squeak by as a starving artist. Not only that, Hillary Clinton doesn’t need another penny for as long as she lives. She didn’t need to be supported while she wrote the book. So how exactly are publishers the patrons of the literary arts? Nicola Soloman nails the problem with the current blockbuster model of entertainment: The rich get richer and the poor get poorer. We shovel money at the outliers and drop everyone else.

 

Click here to read the full post on Hugh Howey’s site.

 

Kindle Book Pricing and How the Big Guys Don’t Get It.

This post by Dennis Blanchard originally appeared on the K1YPP blog on 7/10/14.

I love to read. For some reason, as a young reader, I missed many of the classics. I’ve made up for lost time over the years by “catching up.” Books like The Catcher In The Rye, Of Mice And Men, White Fang and On The Road have been books that I’ve only read in the last twenty years or so. The same goes for movies, I’ve caught up on The African Queen, Casablanca, The Godfather and others in the last few years. How did I miss them? I don’t know, perhaps I just spent so much time outside when I was younger, I just missed them. That is a subject for another time.

Yesterday, I read a news piece on CNN about an author that was gored running with the bulls in Pamplona. Bill Hillmann, author of “Fiesta, How To Survive The Bulls Of  Pamplona.” How ironic. It occurred to me that I had not read anything much by Hemingway recently, so I decided to take a look online and see if I could find his book, “The Sun Also Rises.” I figured that, surely, by now, it must be on Kindle for an inexpensive price, or perhaps, even free. Surely.

 

Click here to read the full post on the K1YPP blog.

 

Self-Publishing as a Means to My Own Literary Revolution

This post by Tejas Desai originally appeared on Publishing Perspectives on 6/26/14.

Much bluster has been made recently in the media regarding the Amazon-Hachette dispute, with multimillionaire authors, agents and self-published writers, among others, weighing in. Most have condemned Amazon for its bullying tactics in negotiations with publishers while self-published authors like Barry Eisler and J. A. Konrath have defended it for democratizing the field. Much of the rhetoric has involved terms like “sales figures” “copies sold” “promotional fees” and “marketing development.” Very little of the conversation has been about the more important issue of the current state of narrative and where literature is headed.

I published both my books, The Brotherhood (2012) and Good Americans (2013), through my own company The New Wei, after being frustrated with the traditional industry and the type of literature it was producing. I found most literary books I read to be bland in content and only passable in style. They often seemed to have some non-fiction market angle that hoped to sell the book and justified the authors getting teaching jobs and never publishing future books. Yet all of these books were acclaimed by major critics, newspapers, magazines, publications and writers, which caused me to question their impartiality, or at least their taste.

As someone who worked at a literary agency for years, I already knew how random publication tended to be and how difficult it was to sell a book. Most books never sold and those that did rarely earned out their advances. The contract terms were absurdly tilted toward the publishers and authors didn’t have much say in presentation or marketing. Most authors never got agents, and it had little to do with quality. Usually, it was just luck. Still I continued to have some faith in the industry even as I left it, became a professional librarian, received a MFA, wrote and rewrote my works. And while I received initial interest from several agents, I never got one. Even the independent publishers rejected it. All their stated reasons were different.

 

Click here to read the full post on Publishing Perspectives.

 

Riding a Wave: How ‘Boys in the Boat’ Became a Best-seller

This article by Mary Ann Gwinn originally appeared on The Seattle Times on 7/13/14.

Here’s a secret that authors and publishers would give a lot to know: What makes a best-seller? Marketing campaigns? Social-media strategies? Media attention? Sales-pushing algorithms?

Redmond author Daniel James Brown has one answer, and it’s none of the above. Here’s the story of the success of one worthy book.

Brown is the author of the best-selling “The Boys in the Boat”(Penguin), the true saga of the University of Washington crew team, winners of an Olympic gold medal in 1936. This team of nine young athletes traveled to the Berlin Olympics, an event staged-managed by Hitler and the Nazis, and vanquished the Germans’ hand-picked crew. The book is in its fifth week as the No. 1 best-selling nonfiction paperback in the country, according to The New York Times. (It’s No. 5 on the best-seller list that covers all forms of nonfiction, both print and e-book.)

Improbably, no Seattle-based author had recognized the potential in the story until Brown, a California transplant, technical writer and author of two nonfiction books, made a visit to the elderly father of a neighbor in Redmond about six years ago. The neighbor, Judy Willman, had been reading one of Brown’s previous books to her dying father, Joe Rantz, and told Brown that it would thrill Joe if he would spend time with her dad.

 

Click here to read the full article on The Seattle Times.

 

Breaking Free – What Happened When I Left KDP Select

This post by Nick Stephenson originally appeared on his site on 6/6/14.

“KDP Select is evil”. “Free promotions are pointless”. “Nick, you’re an idiot”. These are things I hear on a daily basis, the latter usually being something I say to myself when I’m looking in the mirror. As for the first two, I talk to a lot of authors who have a strong opinion on the relative merits of signing up for 90 days of exclusivity with Amazon, and the words “shackled” and “dungeon” come up a lot. It’s the same for free days – half of authors think they’re a God-send, the other half would rather cut off their own limbs with a rusty spatula than offer their work gratis. And that’s cool, I don’t have anything against people having wildly different opinions – and there are plenty of authors making a decent income without touching free promotions, and there are plenty who swear by them. But I like to look at the cold, hard numbers before coming to a conclusion, as everybody’s mileage seems to vary.

The two main strategies for free books I see most often are:

1. A variety of titles signed up to KDP Select, with rotating free promotions on each book. This is pretty easy to do with the 5 free days you get to play with under the KDP Select contract.

2.Titles NOT in KDP select, and up on other vendors, with the first book in the series permanently free. This is also pretty easy to do.

There are pros and cons for both approaches, but last month was the first time I’d tried option number (2). I’ve had a bunch of emails and comments asking for me to report back on the results, so here’s the skinny:

Income Report: All Books in KDP Select

 

Click here to read the full post, which includes sales graphs and detailed analysis, on Nick Stephenson’s site.

 

So You Want To Make A Living Writing? 13 Great Truths

This post by Bob Mayer originally appeared on his Write on the River site on 7/6/14.

This is the flip side of my 13 Harsh Truths post of 29 April.

It’s a great life. I’m my own boss. I wear shorts and t-shirts to work, which is in my house. I sit at my desk with a great view of the TN River with a blank stare, drool running down the side of my mouth, and I’m working. Well, not really. Because no one’s paying me for my great thoughts. They’re paying for my writing. I’ve been doing it for over a quarter of a century and here are some Great Truths I’ve learned about making a living as a writer.

1. You can. You constantly hear “No one makes a living writing novels.” I’ve heard it for decades. In 2012 I was at a conference where I gave a keynote, then was listening to another keynote speaker saying “Don’t quit your day job”. And it started to worry me, until I realized my day job was writing. So I didn’t quit.

2. It’s the best time ever to be a writer. I’ve been doing it for over 25 years and have heard all sorts of gloom and doom, but I can honestly say, I don’t think there’s ever been a better time. That’s not to say it isn’t an extremely confusing time, but that’s why I’ve done other blog posts on that, including one about 99% of advice coming from 1% of authors.

3. There is more information than ever before out there. Which could be bad too, but seriously, you can garner a wealth of information about the craft and business of writing without leaving home.

4. Leave home. One of the greatest mistakes I made in my early writing career was not networking. Even in self/indie publishing, it’s key to network with people. I know you’re an introvert, but get out there and talk to people. It’s a people business. And network with a couple of other serious writers on your craft. I’m not a fan of large writers groups getting together and doing line by lines, but 2 or 3 serious writers working on story, like we do in Write on the River, is invaluable. Find better writers than you to work with.

  

Click here to read the full post on Write on the River.

 

The Struggle That Makes the Art

This post by Heidi Cullinan originally appeared on her blog on 6/6/14.

If there’s a frequently asked question I get which isn’t a variation on “How can a girl write boy sex?” it’s a riff on “How can I be successful as a writer?” I think I get the question a lot because I’m clearly mid-list, doing well but not even in the same zip code as people whose signing lines wrap around the building. I have the career a lot of people want, because everybody knows those megawatt stars are rare. But I’m making well more than a living wage as an author, and that seems an attainable dream. It’s just that nobody can figure out how to do it. How did I? How can others emulate me?

I can answer the question, but I’ll warn you right now a lot of people won’t like the answer, and even more won’t even hear it. Because how I did it is that I worked hard. I mean, I worked. Like a dog. Like a crazy person. Like a desperate freak. I struggled like I’ve struggled for nothing else, and I haven’t stopped. I stripped myself down and made myself understand who I was and what I could do, and then I did what I could to expand my limitations. I believe my struggle and pain, both personal and professional, define and make my art. I believe anyone, everyone, can do this too. Yet the short version of why so many people don’t make it even to a comfortable middle ground has nothing to do with the difficulties of publishing or whether or not we should all toss off publishers entirely, or the quality of the art, or whether or not Amazon is an asshole for bullying Hachette. Most people’s art doesn’t earn them a living because they cannot let go of the fantasy that all they have to do is show up with a product and the world will hand them cash. Most people cannot accept the truth that the work required to get money from art is so onerous it changes the nature of the art itself.

 

Click here to read the full post on Heidi Cullinan’s blog.

 

2014 Smashwords Survey Reveals New Opportunities for Indie Authors

This post by Mark Coker originally appeared on the Smashwords blog on 7/6/14.

Welcome to the 2014 Smashwords Survey, our third annual survey that reveals new opportunities for indie ebook authors to sell more books.

As in prior surveys (view the 2013 Smashwords Survey here and 2012 Smashwords Survey here), we examined aggregated retail and library sales data of Smashwords books and then crunched the numbers based on various quantifiable characteristics of the book.

For this year’s survey, we examined over $25 million in customer purchases  aggregated across Smashwords retailers including Apple iBooks, Barnes & Noble, the Smashwords.com store, Sony (now closed), Diesel (closed), Oyster, Scribd, Kobo, public libraries and others.

This year, we break new ground with more data, including survey questions that explore preorders and series, two categories of inquiry that weren’t possible in prior years.  These latter two categories were enabled by Smashwords’ introduction of ebook preorder distribution in July, 2013 and our new Smashwords Series Manager feature which allows us to capture, analyze and share the performance of series books.

The goal of the survey is to identify Viral Catalysts.  I first introduced the concept of Viral Catalyst in 2012 with the publication of my free ebook best practices book, The Secrets to Ebook Publishing Success.  A Viral Catalyst is anything that makes a book more discoverable and more enjoyable to readers.

 

Click here to read the full post on the Smashwords blog.

 

Authors Behaving Badly and Authors Who Aren't

This post by J.A. Konrath originally appeared on his A Newbie’s Guide To Publishing blog on 7/3/14.

So a bunch of legacy authors–many of them smart and who should know better–just signed a letter accusing Amazon of things that simply make no sense.

Some of the usual suspects are at the forefront. James Patterson, who continues to show he has no clue about how his own industry works. Scott Turow, whose tenure as president of the Authors Guild amounted to being a shill for Big Publishing. Douglas Preston, who once supported windowing ebook titles and keeping prices high.

Preston recently said:

“If I were Jeff Bezos, the one thing I would fear most is if authors organized themselves and took broad, concerted, sustained, and dignified public action.”

Konrath replies:

“If I were Jeff Bezos, I would know that legacy authors have no power, because they signed away their rights to their publishers. Patterson, Turow, and Preston couldn’t remove their books from Amazon even if they wanted to. But, strangely, I don’t hear any of them demanding it, or even mentioning it.”

Naturally, I’m going to fisk this letter. Then I’m going to link to a different sort of letter for authors to sign. Hugh Howey and I, along with Barry Eisler and others, have been fiddling with this letter for the last 24 hours, and it explains to readers what’s really happening with the Amazon/Hachette dispute.

 

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

 

A One-Man Operation

This post by Hugh Howey originally appeared on his site on 2/4/14.

So, my publisher in Taiwan is a badass. Yes, a singular badass. Erik runs Nautilus Publishing all by himself. He designs the cover art, writes the blurbs, translates the books, answers the phone, handles email, and tugs handcarts loaded with books to his booth at the Taiwan International Book Fair Exposition.

And everything he touches turns to gold. I have no idea how any of this is possible. I’m in awe of the man. Gobsmacked and awed. The #1 bestselling work of science fiction in Taiwan was translated and published by him, and he’s only been doing this since 2010. WOOL looks poised to overtake that work. There are 50,000+ copies in print. Fifty thousand! And DUST, which he launched last week, debuted at #1 in all of Taiwan.

Seriously. How? Where’s the sales team? Where’s the marketing team? Where is the person who runs to Staples for office supplies? How does he do it?

I grilled him over dinner, eager to divine the man’s secrets. Two books a year? And they’re always bestsellers? Spill it, man.

 

Click here to read the full post on Hugh Howey’s site.

 

The War on Amazon is Big Publishing's 1% Moment. What About Other Writers?

This post by Barry Eisler originally appeared on The Guardian on 6/4/14.

More people are buying more books than ever, and more people are making a living by writing them. Why do millionaire authors want to destroy the one company that’s made this all possible?

As an author of ten novels – legacy-published, self-published, and Amazon-published – I’m bewildered by the anti-Amazon animus among various establishment writers. James Patterson pays for full-page ads in the New York Times and Publishers Weekly, demanding that the US government intervene and do something (it’s never clear what) about Amazon. Richard Russo tries to frighten authors over Amazon’s “scorched-earth capitalism”. Scott Turow conjures images of the “nightmarish” future that Amazon, “the Darth Vader of the literary world”, has in store for us all. And “Authors Guild” president Roxana Robinson says Amazon is like “Tony Soprano” and “thuggish”.

These are strange things to say about a company that sells more books than anyone. That singlehandedly created a market for digital books, now the greatest source of the legacy publishing industry’s profitability (though of course legacy publishers are sharing little of that newfound wealth with their authors). That built the world’s first viable mass-market self-publishing platform, a platform that has enabled thousands of new authors to make a living from their writing for the first time in their lives. And that pays self-published authors something like five times as much in digital royalties as legacy publishers do.

I can think of at least several explanations for the strange phenomenon of authors – and an entity calling itself the calling itself the “Authors Guild” – railing against a company that sells so many books, that treats authors so well, and that has created so many new opportunities for writers. Basically: equating the various functions of publishing generally with the legacy industry specifically; blaming Jeff Bezos for technology; and experiencing judgment clouded by self-interest.

 

Click here to read the full post on The Guardian.

 

The Power of Not Enough

This post by Nick Stephenson originally appeared on his site on 3/22/14.

I listened to an interesting podcast yesterday over at Rockingselfpublishing.com, featuring indie heavyweight Russell Blake. If you’ve got a spare 55 minutes, go have a listen – or check out the key points in the accompanying commentary – you’ll be glad you did. The podcast got me thinking:

How do we know when we have succeeded at something? How do we set realistic goals? More specifically, when it comes to selling books, how much is enough?

Russell cites James Lee Burke as a perfect example of getting exactly what you want out of this business. Burke writes in his own unique style, he doesn’t pander, and he has a solid, long-term sales record that most of us would give our right arms for. But, in Russell’s words, he’ll never sell like Dan Brown or James Patterson. But that’s okay. That’s not the point of what he’s trying to accomplish.

So what does this mean for the average indie author? In my experience, “enough” is almost impossible to quantify without some very clear (and achievable) goals. I remember, just starting out, when I’d be overjoyed to see 50 book sales a month. Then 100. More recently, 1,000, or even more on a Bookbub month. And, every month, I think to myself “this could be better.”

But how much better? Will I be satisfied with 2,000 sales a month? 5,000? 10,000? I realised I didn’t know where the line was. Although I’ve been lucky enough to see my work being read in all over the world (mostly in the US – thanks, guys!) I came into this game not expecting much – and, as a result, had no “end game” in mind.

 

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

 

Neal Pollack on Rebounding From Massive Hype and Six-Figure Deals to Online Publishing

This post by Nathan Rabin originally appeared on The A/V Club on 3/14/13.

In Money Matters, creative people discuss what they’re not supposed to: the intersection of entertainment and commerce, as well as moments in their lives and careers when they bottomed out financially and/or professionally. 

The artist: Neal Pollack appeared in the national consciousness as part of the talented group of writers and editors that gravitated to McSweeney’s, Dave Eggers’ publishing empire. In 2000, The Neal Pollack Anthology Of American Literature—a collection of satirical pieces centering on the fictional “Neal Pollack” persona, a larger-than-life spoof of macho world-beaters like Ernest Hemingway and Norman Mailer—became the first book published by McSweeney’s publishing arm. (The book was later re-published by HarperCollins.) A satirical rock novel, Never Mind The Pollacks, followed in 2003, and was followed by 2007’s Alternadad, a memoir about his experiences raising his son. Alternadad generated tons of publicity and human-interest stories about hipster parenting, in addition to generating interest from the television and film industries. But the book’s sales failed to match its buzz, and television and film adaptations didn’t pan out.

Pollack published a yoga memoir, Stretch, in 2010, but over the past two years he has devoted much of his time and energy to writing mysteries for new publishing paradigms. In March of 2011, Pollack self-published the Kindle release JewBall, a period basketball mystery that attracted the attention of Amazon’s Thomas & Mercer mystery imprint, which reprinted it as a download and a paperback. Pollack followed it up with another mystery for Thomas & Mercer, in this case a yoga-themed book called Downward-Facing Death that Amazon released in serialized installments; it’s now available in its entirety as both a Kindle release and a paperback. Sequels to both mysteries are in the works.

The A.V. Club: What was your relationship to money as a child? 

Neal Pollack: When I was 7 years old, we moved to Paradise Valley, Arizona, which is a very wealthy suburb of Phoenix. In fact, I’d say it’s a very wealthy suburb of Scottsdale. And this wasn’t the Paradise Valley that was described in—this is a very dated movie reference—Pump Up The Volume, the Christian Slater movie. This was the town of Paradise Valley. In the movie it was called Paradise Hill. The town of Paradise Valley that attracted such exclusive real estate that there’s not commercial real estate in it to this day. It’s best known as where Camel Back Mountain is, and there may be a couple of boutiques on one of the streets and then there’s the Barry Goldwater Memorial. So that’s where I grew up. My father was a hotel executive and, at the time we moved there, there were no paved roads in the section where we lived. Every house had to have acres of desert land, and that’s still the case. Not our immediate next-door neighbors, but the family down the dirt road were the heirs to the Campbell’s Soup fortune. They were billionaires, multi-billionaires. My family wasn’t anything like that, but my dad had a very good corporate executive job.

Then, in 1979, he lost that job. We suddenly went very quickly from being upper-middle class to really struggling financially. And that had a big impact on me, because I watched my parents really struggle with having to pay bills and buy groceries and find work.

 

Click here to read the full post on The A/V Club.

 

Amazon vs. Hachette: What It’s About And Why I’m Rooting For Amazon

This post by Publetariat founder and Editor in Chief April L. Hamilton originally appeared on her Digital Media Mom site on 5/24/14.

As you may have heard, or read, or discovered while browsing Kindle books on the Amazon site, Amazon is currently in the middle of a battle with “Big 5″ publisher Hachette. The beef is over reseller wholesale contract terms (the publisher’s ‘cut’ on every ebook of theirs sold by Amazon), and Amazon has been using some strongarm tactics to remind Hachette that Amazon doesn’t HAVE to sell Hachette books at all if the parties can’t come to an agreement.

 

First, a little background is needed.

Back when the Kindle was new and ebooks were just starting to become a thing, say 2008 or so, Amazon established wholesale terms with publishers on ebooks based on the “fixed price” (usually known as a “suggested retail price” in other industries, for other products) which was set by the publishers. Amazon could discount the actual sales price of ebooks to whatever they wanted, or even offer them for free, so long as they paid the publisher the wholesale rate that was based on the publisher’s fixed price.

For example, if the publisher’s fixed price was $15 (seriously, that’s the average of the fixed prices the Big 5 publishers were setting; on some ebooks they wanted to go as high as $18) and the publisher’s wholesale cut was 40%, Amazon would have to pay the publisher $5.60 for every copy sold or given away on Amazon. Whether the ebook ultimately sold for $10, $6, or was given away for free, Amazon owed the publisher $5.60 for every copy distributed to Amazon customers. As a result, Amazon was (and still is) actually LOSING money on many ebook sales, but they were willing to take the hit to establish their Kindle line as dominant among ereaders.

 

A couple years down the road, publishers started to get nervous.

In 2010 publishers decided they didn’t want Amazon to have the right to set its own prices on their ebooks anymore, even though Amazon’s retail pricing didn’t affect their wholesale cut AT ALL. They feared that if Amazon were allowed to establish $9.99 in the minds of consumers as a standard price point for frontlist ebooks (new release ebooks the publisher expects to sell well), they would never succeed in rolling out their own, much higher fixed prices. And they were probably right about that, but only because the fixed prices they had in mind for frontlist ebooks were ridiculously high to begin with.

 

Click here to read the full post on Digital Media Mom.