Accounting and Financial Terms for Authors | What You Need to Know About Making Money as an Author

Accounting and Financial Terms for Authors | What You Need to Know About Making Money as an Author

I’ve been threatening to write an article defining a few important financial terms for authors for a while. And the day has finally arrived. So, what pushed me to write another informative rant? The other day, I found a blog post with the headline “How Much Do Authors Make?” and the headline also promised examples of salaries inside the blog post. Let’s just say I was more than intrigued, clicked, and scrolled to the data. To my inner finance nerds horror, the blog post referred to the royalty you would receive from the sale of a book as income. I was so horrified that I wanted to gouge my eyes out with a spoon.

BTS055, My Experiment with Tempting Readers to Impulse Buy the Second Book in a Series. Did It Work?

BTS055, My Experiment with Tempting Readers to Impulse Buy the Second Book in a Series. Did It Work?

So, I have a confession to make. Actually, I’ve been struggling to sell paid books. Sure, I can give them away for free, but paid is a different problem altogether. I’ve been struggling to sell Duplicity, the second book in my James Lalonde Amateur Sleuth Mystery Series. A few days before my forty-second birthday, I decided to embark on a book marketing experiment where I tempt readers to impulse buy the second book in a series.

BTS054, Changes to the KDP Print Pricing, New Categories in KDP, and A Solution to My Series Mistakes | May Author Diary

BTS054, Changes to the KDP Print Pricing, New Categories in KDP, and A Solution to My Series Mistakes | May Author Diary

In the April Behind the Scenes Author Diary, I mentioned that I screwed up my amateur sleuth mystery series; well, a solution might be at hand. So, in this episode, I discuss my plans for my James Lalonde Amateur Sleuth Mystery series books three and four and a new shiny object. On top of this, I discuss a few self-publishing updates, including changes to the KDP print pricing, the new KDP categories, and selling direct with WooCommerce.

BTS053, The 100th Podcast Episode: Ask Me Anything on Writing, Revision, Editing, and Self Publishing

BTS053, The 100th Podcast Episode: Ask Me Anything on Writing, Revision, Editing, and Self Publishing

In the spirit of celebrating the 100th episode milestone, I’m going answer the top questions asked by my Blog Readers, YouTube Subscribers, and Podcast Listeners, and questions asked through my Ask A Question form on my website.

BTS052, I Screwed Up My Series and Reaching a New Level of Appreciation for Draft2Digital

BTS052, I Screwed Up My Series and Reaching a New Level of Appreciation for Draft2Digital

At present, I’m struggling to sell book two in my amateur sleuth mystery series, and I’m going into detail about my experiments to get this bookselling and my issues with publishing direct to Barnes and Noble upon the advice of going wide webinar. Let’s just say that I regret leaving Draft 2 Digital. And I discuss how I’ve screwed up my amateur sleuth mystery series.

TAP043, A Tale of Two Novels: My Experience Writing into the Dark

TAP043, A Tale of Two Novels: My Experience Writing into the Dark

In February, I finished my experiment with writing into the dark, and I’ll discuss how I achieved this, along with the response of my favourite beta reader. As you’ve come to expect, I will share my writing stats, days, time, word count and the step-by-step process that I used. Now that I’ve mentioned that, it’s crucial that I point out that I’m following Dean Wesley Smith’s Writing Into the Dark method, which he teaches in a course and in a book. I highly recommend that you check out both of these options if you’re interested in learning this writing into the dark technique.

BTS051, Writing a Locked Room Mystery, Author Book Readings, and Tech Issues Galore

BTS051, Writing a Locked Room Mystery, Author Book Readings, and Tech Issues Galore

In this episode, discuss what I’ve been doing in February. I also share my frustrations about a tech fail and newfound thoughts on this product and delve into why I’ve changed my mind. Also, I discuss a few things I did for the podcast, plus a marketing experiment I did this month. And I share my experience writing a locked room mystery

BTS049, A Year in Review and Self Publishing Products I Loved in 2022

BTS049, A Year in Review and Self Publishing Products I Loved in 2022

This year, I’ve decided to start my podcast by looking back at everything I achieved in 2022. After that, I will discuss the products I loved in 2022 and will continue to use in 2023. I will also not dive too deeply into metrics like hours or word count because that’s not helpful. In fact, as a coach, I hate metrics because it doesn’t contribute anything of value, especially in the writing space. Everyone writes differently. Some people need to write slowly, think and research as they write. And if that’s you, it’s okay to write that way and slowly build your backlist. But I’ll hop off my soap box now.

Loving the Authorpreneur Podcast? Sign up for updates... It's free!

 

Sign up for my newsletter and receive podcast episodes, book release details, and offers.

Enter your first name and email address, then click "YES, SIGN ME UP!"

You have Successfully Subscribed!

Pin It on Pinterest