If the indie writers who made a lot of money in 2012-2014 had followed this advice, they’d still be writing and publishing. Sure, their incomes would still be down, along with their sales, but their careers would continue.
What happened to these writers?
Well, they will say that their sales went down to unsustainable levels. Those writers will say there’s no point in continuing now that they can’t make the same kind of money they made in 2013. Those writers will say that writing, as a profession, is impossible.
And it is, if you don’t understand money management.
I had to start analyzing why I couldn’t pull the trigger on a Patreon account.
It came back to what I could comfortably ask for–and what I wanted the account for. Searching other people’s Patreons only confused me. Everyone had great ideas and did great things, but I couldn’t see myself doing things like that for long. Or if I did, I could see those things consuming me and my time…
To do modeling for the next year of your business, you need to be as clear-eyed as possible. You should research trends for your business for similar economic times, if you can.
Then you figure out as best you can what your future will be.
Here’s how you do it.
Control. It is at the heart of any negotiation. All business owners want to control as much about their businesses as possible. We all know that you can’t control everything in life. That rule also applies to contracts….
Over the years, I have become fascinated with writers’ attitudes towards contracts. Writers are so very cavalier about them. Most writers pay no attention to their publishing contracts at all until some term bites them in the ass. Then the writer tries to figure out how to get out of it, not realizing that they got themselves into it by signing the contract without examining it. Indie writers have a different problem with contracts. Indie writers believe they don’t need any…
Want to know the future of publishing? You’ll find it in TV. I know, I know, a bunch of you just went, “Huh?” But seriously, the entertainment industry is the entertainment industry is the entertainment industry, and those of us who write and publish have a small corner of it. I often use examples from the music industry on this blog, especially as I look […]
What a week. I have a lot of news to share, most of which will save you money….
I’m in a brand new Storybundle. I’ve curated this one, and I brought along a lot of writer friends. This bundle has something for every writer, from old pros to absolute beginners. I’ll tell you more about it in a moment, but let me do a different bit of promotion first. My book in the bundle, The Write Attitude, debuted yesterday (at the same time as Starbase Human). The […]
Whoa, am I glad I waited a week to write this post. (Actually, I’m writing it in bits and pieces while trying to hit a novel deadline and an editing deadline. I love how busy I am in this new world even though I occasionally bitch about it.) When I wrote my “Mush Brain” post last week, I knew I needed a clear head to […]
Two weeks ago, I wrote what I thought would be a short post explaining a term I’d used, “the freelance scramble.” Only that post turned out longer than expected. In fact, I realized I had a short series here. The freelance scramble happens when the cash doesn’t flow the way that a writer expects it too. Longtime freelancers have learned the dance that I call […]