Becoming a full-time writer is a dream for many. It is, however, not something that can be achieved overnight. (There are exceptions, but they are few and far between.)
Some choose to write strictly on a freelancing basis (which can be lucrative in itself), while others prefer to mix it up a little. The third group is made up of those who earn their living solely from their books.
No matter the group, every writer wants to earn more from their craft at some stage of their career. Below are three ways in which you, the writer, can do that. For the sake of simplicity, this post will focus on the Indie Author, although the methods may be applied to others.
1. Write. I know this seems pretty basic, but it’s true. If you want to be recognized as a writer, you have to write, The more you do, the better you’ll become – which translates into more profits for you.
2. Market yourself. In order to others to know you exist, you have to TELL THEM what you do. Based on personal experience, this can be a daunting task for an introvert. But, it MUST be done; your paycheque depends on it. If you would genuinely prefer to leave the marketing to someone else, then outsource it so you have more time to write.
3. Consider your options. The self-publishing industry has come a long way in recent years. Authors are no longer required to send in query letters and wait for months in hopes they have been accepted by a major publisher. Now they have the convenience of writing and submitting their manuscript from the comfort of their own home. The platforms available are many, and are capable of making their books available worldwide in a variety of formats. The trick is to find the platform that works best for you.
Are you happy with 35% royalties, or would 95% suit you better? Does your subject matter target a specific audience, or would expanded distribution through a global retailer be more profitable for you? By deciding which category you fit in, you can increase efforts where you will benefit the most. For example, if you have a target audience or a group of followers interested in your topic, you can sell directly from your website for a higher profit. If you’re not sure where your books fit into the puzzle, make them available via an online retailer, such as Amazon.
In conclusion, earning more is on the minds of the majority. By writing more, marketing more and utilizing the platforms that pay more, you can increase your bottom line. Becoming a financially independent writer takes time, but with the right mindset and work ethic it is possible. The first step to boost your profits as a writer is to utilize the steps above.
Your challenge: follow the guidelines above for one month and keep track of what you do, when you do it and the results achieved. If you’re also a blogger, share your experiences and the link to this post so others may benefit as well. If you’re not a blogger, this is a great time to start. Not only will it help you stay focused, but it will also increase your readership for when your first (or next) book is released.