as far as publishing goes, is the money worth the stress? I write a lot and don't doubt that I could write a book- say one day someone wants to pick it up (or I decide to self publish)?? through your experience, could it be a good source of money esp to pay off things like college debts (sorry if this question is weird but you're the only published author I know T-T)?
As far as the money, I have no idea LMAO! When you get royalty checks you get them quarterly (some companies have other arrangements like monthly, but mine is quarterly) I have no idea what I’m doing in sales, how much I’ve made (because it hasn’t even been a onth since I debuted), and frankly, I kind of don’t care?
I’m serious. I thought I would be so worried about how much money I’m making but I literally only care about getting this into people’s hands. Right now reviews and people telling me they purchased it has been worth A MILLION BUCKS.
But that’s besides the point. I wouldn’t expect your first...or second or third book to make you enough money to live off of (unless you are just freakishly successful or you are signed by a big lit company that offers you a huge advance). Your royalties aren’t a lot. They range from .40 to maybe 2-3 dollars a book. So for example. You (or your company) set your paperback at 12.99 retail. You’ll net maybe 1.99 - 3.00 per book depending on how they’ve set your royalty percentage up. Then you’ve got to take in that a lot of the bookstores are getting a bigger discount to house your book and some of those books will be given away for free. It’s just...complicated. For your royalty dollars, you’d have to sell A LOT of books for that to mean something to you financially wise.
So far, writing is still a “hobby” as far as it paying any bills for me (I take it very seriously because I am signed and I would like to write full time but I know I have a ways to go). So far I’ve dished out more than I’ve made (but in the same token, I saved so much because they handled the editors and most of the marketing and ISBNs and of the sort).
For it to start making enough where you could live off of it (outside of the freakish success) you’d have to be constantly writing. I’m talking maybe 2-3 books a year and have those books be successful. For most people its and uphill battle until they’ve sort of made their own space in the lit world.
Or again, freakish instant success.
Hope that helps, or if you need clarification, let me know!