Credit: Prawny – PhotoMorgue
I’ve been doing a lot of thinking over the past couple of weeks. I always do that at the end of the year – review what I’ve done, plan for the upcoming year. This year, I did it under the guidance of the Your Best Year 2016 planner by Lisa Jacobs. It has been fantastic – easily the best money I spent this past year.
As part of my year end evaluation, I was curious about my accomplishments. When I bought the 2016 planner, Lisa included the PDF of the 2015 planner, which I began working through in the fall. One of the biggest a-ha moments for me was seeing that I do the same thing every year, and hope for improvement. Hope for success.
I’ve dreamed of being a writer for as long as I can remember, and my first book was published in 2014 by a small press. My second book was published in 2015, by my own micro press, Three Creeks Press (essentially, I’m an indie publisher). As I worked through Lisa Jacob’s planner and reviewed the numbers and what I had been doing (which was essentially writing and hoping folks would find my books), I decided it was time to change – to treat my publishing as a business.
I was inspired to share my results after reading Lisa Medley’s blog post about her experience this past year. (as an aside, I wish more authors, indie and traditional, would share their results.) I met Lisa at ORACon a couple of years ago and have followed her progress, because I consider her a “real” author (I have always been, oh, so jealous, because she got “the call” from Harlequin! <drooling>). I know traditional authors have sharing restrictions because of their contracts, but am glad to see them at least discussing generalities, like Tawna Fenske did on her blog.
As I mentioned, my first book, Denim &Diamonds, came out in 2014. I’ve made about $200 on it, give or take. Yeah, not going to retire on that. I was so excited to get a publisher, and working with CaryPress has been a good experience, so I still consider it a success. My second book, Fatal Impulse, came out in 2015. At the beginning of 2015, my goal was to make enough to pay one small bill a month (I was thinking the water bill, which runs $20 – $25). (Yeah, I know. Not exactly reaching for the stars.)
Here’s how Fatal Impulse has done this year – these are my royalties for each month:
August: $0 (OUCH. this was my a-ha moment – I need to DO something!)
I know it’s a bit crass to discuss money, but I have to admit, throughout December, I proudly discussed royalties with anyone and everyone who would listen. I caught myself whispering numbers, prefacing it with “I know this is crass, but get this . . . ” To be fair, that money isn’t all profit. I’ve spent over $700 and 25% of those royalties go to taxes, but I’m damned proud of that book. It isn’t perfect, it has flaws, and it’ll never win any literary awards. It’s simply a story that banged around in my head since my first marriage 25+ years ago that I needed to get out. My hope is that it will entertain some folks, and that it’ll provide a bit of escapism for anyone stuck in a bad relationship.
But the fact that I am able to realize a profit from that is very exciting. And now that my next book is in edits, I find myself confident that indie publishing is for me. As my friends and family will tell you, I’m a bit of a control freak, so being able to change the book description and tags is a huge plus. It makes the book responsive to trends. I write the book, then subcontract the graphic design, editing, promotion. The role of authorpreneur fits me very well.
I’m thinking about putting together resources to share what I’ve learned to help others become successful authorpreneurs. If you’re interested, sign up for my newsletter (see sidebar) so you’ll get the news before anyone else.
And if you have tips, feel free to share them here.
And if you’re brave enough to share your own publishing results, I’d love to hear them. Feel free to email me if you want to remain anonymous and I’ll share those results in an upcoming post.