Many romance readers seem to think that a writing career is something that is not only glamorous but a way to make pots of money quickly in their spare time and, if they’re very lucky, they can parlay writing into a full time career. However, only the most successful authors can afford to write full time and there are not that many of those rare beings in this genre, so it’s important to know what you can expect to make as a writer before you jump in.
And the dreams don’t stop. Readers also have visions of their books turning into movie scripts like one very famous (or infamous) writer who recently did just that! They figure they can write in their pyjamas and not have to commute to work, as the commute would be from their bedroom to the den/office, after they catch up with the morning shows and drink their second cappuccino or latte. Doesn’t that sound idyllic? However the truth may not be the picture I just painted because writing is hard work if you do it right and produce quality work, as any experienced author will tell you. So this post is an attempt to find out if there’s any money to be made from all that hard work, and if so, how much.
Where to publish? We used to think that there was only one way to get your literary works of art into the hands of readers – by publishers – but as current events and trends have shown us, publishers are facing stiff competition from an unlikely source: self publishing. Seems authors are doing it for themselves. To demonstrate how far we have come in this business, I’m enclosing a link my friend TJ sent me to a New York Times article about Steven Soderbergh, the well known filmmaker, who is publishing a hard-boiled suspense novella on Twitter, tweet by tweet, called “Glue”. So far, he has published seven chapters. Twitter may be the next mountain in publishing for writers to conquer, but not today. Of course if you tweet it you can’t charge for the book. Here’s the link to the article
Just how much money can be made? This started out as an article about self publishing and I’m still going to write that essay soon, but today I want to zero in on how much money M/M writers make. This post is directed to all our writers out there, novice and experienced, and I’m looking for their help in completing the enclosed survey which could be used to develop a database of what M/M authors make, before taxes. There is no definitive or credible information around currently and this database of author salaries would be a boon to every M/M writer, either current or aspiring. With the incredible influx of new authors into the genre I thought this would be useful comparative information for everyone. I should say right off the bat that I’m sure it’s not just the money that attracts people to writing as a career because many writers have told me that they can sooner stop breathing before they can stop writing. However, conversely I know that a lot of authors write to supplement the incomes from their full-time or part-time jobs. Can a romance writing career be based on something so unromantic and prosaic? Surely creativity and art must play a major role! I’m sure it does.
There are two important sides to the revenue coin. The first is that most M/M authors still currently publish their books through publishers – mostly epublishers – but this is changing. Today more and more authors are discovering self publishing. The main reason for this shift is money. If the writers are good at what they do and/or have a large fan base they typically make a lot more money by self pubbing. Royalties through an epublisher are usually between 30 – 45% of what the publisher nets (not grosses), meaning sales through a third party like Amazon earn an author less when the author is going through a publisher middleman.
By self publishing through Amazon Digital Services, on the other hand, an author can make as much as 70% of the gross receipts, depending on the pricing structure of the books. As writers get back their rights to books that were previously under contract with a publisher, the likelihood of them going the self publishing route rather than renewing their contracts is very real and publishers are bleeding a lot of their more popular writers. Likewise, some new writers choose to self publish from the getgo because they believe they can make more money that way rather than the traditional one through a publisher, and going by the numbers they may have the right idea. However, if you’re an aspiring writer don’t quit your day job without doing a lot of research, and the data from this survey could be part of that research in terms of the answer to the question: How much does an M/M writer make from his/her books?
Money, money, money. So how much does an author really make and is there a huge difference between releasing his/her books through an epublisher vs. self publishing? The enclosed short survey should provide some useful data on writer income that I hope will benefit all m/m authors. You can help your fellow authors and yourself by completing the survey which will also be on the right hand sidebar. BTW, no one will know how much anyone makes individually because the poll is completely anonymous: Here it is:
NOTE: The term “epublisher” is used interchangeably in this post with “publisher” since the majority of epublishers also publish their novels in print.