Not to start this post off on a downer, but my husband (the Travis whom all my books are dedicated to) is in the hospital. It's no longer life threatening, but I'm spending most of my days this week waiting in hospital rooms with beeping machines and occasional massive interruptions. Naturally, this makes fiction writing challenging to nigh impossible, so, in the spirit of feeling like I'm still getting work done and to distract myself, I thought I'd do a series of posts on the non-writing author topic I get questions about the most: money.
Money is one of those gauche topics everyone is curious about but no one likes to discuss. I can understand why. In a culture where people are more likely to tell you about their sex life and medications in casual conversation than their financial situation, money talk, especially money talk in public, can feel almost obscene. At the same time, though, one of the most popular mantras in author circles is that, if you want to succeed, you have to treat your writing like a business, but how can you really do that if the most business-like aspect of the whole affair--the money--is couched behind euphemisms and shame?
So, in keeping with the open spirit of my blog, I'm going to spend the next three posts talk openly and candidly about my experiences with the money-side of being an author. Because this is such a broad topic, I'm going to be breaking the subject down into three parts: traditional, advance paying publishing, self-publishing, and how to manage taxes/writing income. For today, we're going to talk about the most obfuscated and confusing of the three, Traditional Publishing.
Enjoy, and please let me know if there's anything specific you'd like to know about money and authorship in the comments below.
Writers and Money Part 1: Traditional Publishing