People don’t make money from writing novels. Some bestsellers generate just a little north of $10,000. That’s why writers find jobs working as marketers, teachers, lawyers or journalists.
Some can make a living on fiction. They are the few and the lucky.
Don’t kid yourself. If you commit to writing novels do it because writing is your art. And if you need to make a living for family or lifestyle reasons, don’t quit your day job.
I don’t think Amazon and its $0.99 cent independent author world has helped anything. You are basically encouraged to price a book at $0.99 or $1.99 if you want to sell anything as a first time novelist. Guess what the royalties are on that? $.33 a pop, boys and girls.
The Book Hustle
They tell you to market better. Go blog, and build a social media following to sell books. Yeah.
Really, you sell books en masse via speaking engagements, direct marketing, media relations, virtual and live blogging tours, and third party reviews. So the social aspect is really out of your hands. The other people in your network have to rally behind the book. Even then, you are looking at only a few books that go 100% bananas. By the way you can buy some peanut butter and jelly afterwards with the royalties. Or if you also have a day job, you can use the money for a massage to relieve you of sleep deprivation induced stress.
Coincidentally, to be included in many blog-driven social email lists that refer independently authored books, you must 1) pay and 2) have a minimum level of reviews to be included (on Amazon, of course). That in turn creates another need for reviews.
I hit this wall last week when I tried to get Exodus into a few of these lists and didn’t have enough reviews. It really turned my stomach having to basically beg for reviews. My brand of blogger ego comes in the form of self reliance, but in the end I needed your help. I asked my community for help, and you delivered. For that I am grateful. It’s moments like this request over the weekend that I learn real humility, and an appreciation for others.
I used to poo-poo authors who asked for reviews. If there is anything I have learned over the past three years with the Fifth Estate, Marketing in the Round, and now Exodus, it is how necessary reviews are. Books must be discussed publicly and frequently, good or bad, if they are to succeed.
I have been rejected by two of the four blog/email sevices already, one based on the number of reviews, the other on subject matter, but at least I am in the game. And if I breakthrough and have a big social email? I might make a few hundred bucks.
More importantly, I will be read by more folks. For me, the book is my art. And that’s what I care about.
You Can Make Money as an Author
Now look, you can make a living as an author. Thousands already do so in the United States.
By the way, more than ten thousand people make a living as pro sports athletes in the United States. That includes the minor leagues, and some minor league players only earn $1100 a month.
To succeed, you have to build a repertoire of books, more often than not a series, which creates a back catalogue. Each new work helps sell the older works. Movie rights and big breakthrough moments create a macro effect on an author’s entire catalogue. Prolific successful authors make money.
The rest of us, well, it’s what we do. Until (or if) our time comes.
We live to be read, make a few extra bucks, and most importantly to have our art read and seen by the world. The currency to get there is word of mouth conversation and reviews.
For those of you who have helped me this past week, thank you. I am so grateful, you have no idea. It’s what this business is all about, and to have so many folks who have read Exodus come out of the woodwork and drop a review, well, it overwhelmed me. Thank you!
What do you think about the fiction ecosystem?