That Single Title Won’t Make You Rich
You did it. Finally, you’ve published that book. Your sweat, blood and gore went into it. Now it’s time to sit before the fireplace with a glass of wine and rub your palm in anticipation of counting all the dough that will roll in.
This is somewhat embarrassing, but most times our first book and I daresay several titles after hardly causes the Richters scale to shift in our bank balance.
I have to admit that after I published my first poetry book I had high expectations in my bubbly dream world, but soon enough, reality slapped me awake. Quitting one’s hustle and day job was not going to happen quickly.
Anticipating that you’ll be paying bills with your book advance and ROI from your book may not happen by the end of the year or even many years to come.
You might even strike gold and have an agent sign you on, but the challenge of successfully shopping it around and selling it is still a huge probability.
In some cases, when the agent is unsuccessful, they drop you, which is devastating to any writer. As a matter of fact after such unpalatable news, some writers hibernate from writing another word for several years.
Keep The Slogging Going
Here’s the thing, very few authors make money on their first book. When you read success stories of authors breaking the bank on a first book, keep in mind that there’s a back story. They probably have many years of slogging it out, rejections and many drafts stashed away in their files. If you research the big-earner indies like H.M. Ward, Meredith Wild, C. J. Lyons and co., they have dozens of published books out there.
In the writing life, a year is nothing. Think of several years and write because you absolutely love writing. Write because without writing your life would be incomplete. Don’t write with the thoughts of becoming an overnight success. Even The Stephen Kings and J.K. Rowling of our world had their disappointments before the breakthroughs.
On a serious note, you may need to do something different to earn some income and fill in the gaps while pursuing your writing career.
Whether you are self or traditionally published, till you have several published titles in your kitty, you’re not likely to make enough money to live your dream life.