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.

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.

BTS048, Trademarking My Podcast Name, Publishing Books, Mixed Feelings About ARC services, and Designing Covers

BTS048, Trademarking My Podcast Name, Publishing Books, Mixed Feelings About ARC services, and Designing Covers

In this show, I’m going to come clean about why I’ve trademarking my podcast name. Honestly, this isn’t the first time I considered discussing it. The last time I chickened out. Also, I will discuss the books I published this year and my mixed feelings about using Advanced Reader Services. And I’m going to come out of the closet as a book cover designer.

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