Questions tagged [money]

This tag should be used for questions about money and finances involved in being a Writer.

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34
votes
9answers
12k views

How to prevent ebook piracy from stealing your livelihood?

I'm a part-time writer, still working on my novel (with a long term goal to make a living as a writer). My partner is also a writer, full time, with a couple dozen novels in ebook format, who makes a ...
33
votes
5answers
19k views

How Much Can You Make From Writing a Book?

Obviously this question has a lot of different answers. I'm interested in the typical total profit that a writer might expect to see from: A NYT Bestseller A diet or self-help book that sells 100,000 ...
32
votes
8answers
13k views

Why do hardcover books retail for more than three times the cost of softcover books?

One thing I've noticed while browsing bookstores is that hardcover books tend to cost more than softcover ones. Oftentimes a hardcover book that's five times the price of a paperback doesn't have ...
18
votes
6answers
805 views

Can I self-publish on a reputable publishing platform, and how much would it cost?

With the barrier to having a publisher sign a new author seemingly high, especially without prior success or experience, are there any good author-funded alternatives out there to the repeated mailing ...
15
votes
7answers
43k views

How many words/hour should you aim for when writing your first draft?

A couple of axioms here. Firstly, most people agree that you should write your first draft quickly, without too much care on quality, and get something down on paper first. The real writing begins ...
11
votes
5answers
6k views

If you get an advance do you ever have to give it back?

Do publishers give you an advance as some sort of earnest money for your manuscript? If your work doesn't sell very well do you have to give the advance back to them? Do they ever just buy your work ...
11
votes
3answers
2k views

Is being paid by the word/page making American books longer?

I buy quite a lot of literature, mostly of academic nature. One thing I have noticed is that books by American authors always tend to be more explicit and contain more examples, regarding whatever ...
11
votes
2answers
311 views

How should I go with hiring an illustrator for a webcomic?

I want to start writing a webcomic, but as my talent as an illustrator is limited, I would only write the scripts and let to someone else the task to bring my script into picture. The only problem is ...
11
votes
3answers
228 views

Should freelance writers keep their online business separate from offline?

Freelance writers have a lot of opportunity to write online, but in some cases the rates are less than the same writing project might command offline. Assuming that there are enough advantages in ...
10
votes
5answers
782 views

How overcome the budget constraint while building a fiction writing career?

Recently I was exposed to several sources that suggest that writing one novel a month is possible: The book 2K to 10K by Rachel Aaron, "Write. Publish. Repeat", and my old statistics file that shows ...
10
votes
3answers
2k views

What are the advantages of incorporation for a writer?

I have heard of some (rather successful) writers incorporating - that is, creating a corporation of which they are the sole member. What are the potential advantages (or disadvantages) of doing this? ...
10
votes
2answers
201 views

Is a professional editor worth the cost?

The pros and cons of alternatives to professional editors have already been discussed here. It has already been established that nothing can quite replace the many alternatives that exist, as these ...
9
votes
2answers
404 views

Who pays for lyrics or quotes?

Occasionally, novels will include song lyrics in the story, or start out chapters with songs or quotes. In many cases, these lyrics or quotes are from copyrighted materials and would presumably ...
9
votes
2answers
290 views

Can I make money from short fiction?

Can one still make money from short fiction, and what is the best way? I know in days gone past it has been possible to sell short fiction to magazines or papers, who would pay per word, or some such, ...
9
votes
2answers
9k views

How do you get paid for getting your book published?

I've heard that there are 2 ways to get paid: The writer will get (for example) 3 cents per word. Then, even if the book is a huge hit, the writer wouldn't get any more money. The writer will get ...
8
votes
2answers
155 views

Journal subscription secrecy

Robert Darnton, an accomplished scholar and important name in the open access movement, has a piece in the current New York Review of Books, The Library: Three Jeremiads, where he mentions that ...
7
votes
9answers
2k views

Is there enough money in writing for me to quit my dead end job?

I am currently working full time hours in a dead end job, I began writing a novel with a friend about five months ago now. It began really as a sort of 'bucket list' idea, something we had both always ...
7
votes
2answers
840 views

Best time to release a new novel?

More specifically, an e-book. I know some markets tend to have season changes which make a certain time of year more beneficial for sales, but I was wondering if anyone had noticed anything similar ...
6
votes
2answers
2k views

How do screenwriters earn money, if none of their scripts get turned into movies?

I just saw a documentary featuring interviews with a few Hollywood screenwriters. Many of them said they had been working as screenwriters for around a decade, yet had never had any of their scripts ...
6
votes
2answers
132 views

Do I have to pay royalties if I include excerpts from other works?

In a lot of books, at the beginning, the authors include quotes from poetry or songs that are relevant to the theme of their story or to their characters' situations. Obviously I would have to ask ...
6
votes
1answer
596 views

Reasonable income expectations from fiction book sales only

I have been considering writing as a fiction novelist. However, the impression of difficulty in making a reasonable living as a fiction author is quite pervasive. So much so, that I am constantly ...
6
votes
3answers
166 views

Comics marketing: focus on issues or collections?

Situation: 5 year comic book series (by my spouse; I do marketing, website, etc) 4 issues a year (in theory...it's been slower) Issues are available as e-comic only Every 4 issues is collected into a ...
6
votes
1answer
124 views

How many queries do you send to editors a week?

How often should a writer be sending queries to establish a consistent flow of work? Currently I have a goal of trying to send out one query a day and at least two a week to places I've never worked ...
6
votes
1answer
62 views

How is the monetary value of a single submission determined?

I have read couple of submission guidelines and publisher notes that pays on the "word" unit for descriptive essays, articles and lists. (For ex, 2₹/word). Then there are different guidelines for ...
5
votes
3answers
3k views

Why do authors usually put a reference section at the end of a book when they are not referenced throughout the entire book?

In the references list (usually at the end of a book), I've noticed that authors like to include references to other materials. However these materials are not so-called "referenced" or "linked" at ...
5
votes
1answer
105 views

Do writers need a business bank account?

My question is simple: do writers need a business bank account? Or can they use a regular account for saving and declaring tax on their earnings? Further, do writers need to declares themselves a ...
5
votes
1answer
257 views

How to build break-even funnels for short fiction?

There are some internet marketing courses that teach you how to create break-even funnels for the product. "Break-even" means that for every dollar you buy ads for, you get at least one dollar in ...
4
votes
3answers
113 views

Pay rate and terms for writing book series under contract

I have a guy that runs a very successful punk/oi! record label in LA. He has asked me if I'd be interested in writing a series of books for him. 60,000 to 80,000 words per book in the series. I am ...
4
votes
4answers
260 views

Can you sell a book for money while having it published online for free?

I write novels, I'm not a big name publisher or anything else but I have ideas that I think should have a chance to be seen by others. Most of my work is for private use, like sharing with friends ...
4
votes
3answers
2k views

How should book credit and profit be given for an individual editor?

I have no prior experience as an book/Ebook writer, nevertheless I've been able to write my first full book (which I feel that I did a good job on). However, I have an issue with my mom, who has been ...
4
votes
2answers
85 views

Royalty rate for edition of estate-held text

I am the literary executor of my father's estate. A relative has started work on producing a (probably very) limited non-professional edition of my father's 1938-45 war diary. I need to strike a ...
3
votes
1answer
245 views

As an author, how can you ensure that your agent/publisher isn’t ripping you off by pocketing your money and giving you false info about sales?

Agents typically demand that authors sign over complete control of their royalties to them so that their money comes from the agent rather than from the publisher directly. I know a certain author ...
3
votes
2answers
83 views

How do I price the ghostwriting of a memoir?

I'm a professional writer, but I've never written a memoir. I've been asked to submit a proposal to ghostwrite a memoir. The person whose memoir I would write knows I've not written a memoir before, ...
3
votes
2answers
144 views

Copyright Lyrics to Songs

I have written lyrics to which I would like to have music put to. What's the safest and most advantageous way to copyright the lyrics?
2
votes
4answers
245 views

How much should I pay the copyright holder for the right to translate a book and sell copies?

Suppose I'm a local publisher. If I want to translate a book, print it and sell translated copies, how much should I propose to pay to the copyright holder? Is there some acceptable percentage of book ...
2
votes
2answers
184 views

What are “industry leading royalties”?

In the breakdown description I received from a publisher, they mention that they also pay industry leading royalties of ##%. What does that mean?
2
votes
1answer
204 views

Translation of my book “Babymoves” into Japanese

I have written and self published the book 'babymoves' in 2002. It is now in its third edition. I sell it through my website. I have been approached by a Japanese woman, wanting to translate the book ...
2
votes
1answer
54 views

How Much $ For Advances?

My friend and I are writing a fly fishing book about the renowned and unknown rivers in Oregon. There is a decent audience from this book and we have had two publishers say they might be interested ...
2
votes
1answer
238 views

Getting paid from Amazon Kindle Direct Publishing while maximizing profits

I'm writing my first book now and my idea is to publish it on Amazon KDP as an ebook. Let's be real, I'm no Shakespeare, so I'm expecting modest sales. I want to maximize the profit and there are a ...
1
vote
4answers
2k views

what is the best way to make money on the side as a beginning author?

I am a new author and as I am writing my novels, I need a little revenue. Are there sites that would pay for articles being written? Any suggestions would be great!
1
vote
1answer
73 views

Who to ask questions on prices?

I want to get advice for my book and e-book pricing (telling that I am to advertise them with AdWords). My question: What is such an adviser called? Maybe "marketolog", "counselor", "adviser", etc.? ...
1
vote
1answer
1k views

How much do you get for publishing an article in the newspaper?

It's for a story I was writing, and in the story, there's a section of the newspaper in which people can submit stories/poems/essays to, and good ones were chosen to get published on the newspaper. ...
0
votes
2answers
455 views

Where to check the income of the most famous US fiction writers?

Can I check that online? How much money e.g. Stehen King or some other big name is making a year?
0
votes
1answer
898 views

Is writing even profitable [duplicate]

I know that money isn't a good reason to write, but I am wondering if writing as a new author is even profitable anymore. What makes a book successful? It seems less that it is the story or prose and ...
-1
votes
3answers
432 views

Traditional vs. Self Publishing… Show me the Money? [closed]

As a beginning writer, I need to have a broad view of the financial side of writing. How much to expect and how different types of publishing affect benefits. There are no threads I am aware of that ...
-4
votes
1answer
750 views

What is a good name for a character who loves money? [closed]

His name is going to be Mr. Price. What should his first name be?