When the disruption hit the publishing industry ten years ago, I watched with a wary eye. After I finished The Freelancer’s Survival Guide in the summer of 2010, I repurposed this weekly blog to help me understand the changes the publishing industry was undergoing. It seemed, in those heady days, that everything changed daily. And there was a large contingent of brand-new writers who knew […]
Those of you who follow my business blog know that this past year has been hard on me. Illness, moving, lots of change. But I was determined, once I arrived in Las Vegas, to make the best out of the situation. Yes, we moved quickly. Yes, I’d been ill. Yes, Dean was caught between the old home and the new, as the brunt of the […]
Burnout. I’ve been hearing that word a lot in the writer community. It took a while for the word to penetrate. I’ve had my own things to deal with this year, and I really haven’t been looking outward as much as I usually do. But a friend who traveled to a number of conventions this year mentioned that avoiding burnout was a topic at every […]
In dealing with movie and TV producers, and foreign rights publishers, and pretty much anyone who wants subsidiary rights to my book, I hold all of the power in the negotiation.
I know, I know. A bunch of you just did double-takes. How can I have more power than a Hollywood studio?
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…