Sales/Expenses Since May 29
Books sold: 31 ebooks, 40 paperbacks
Money earned: $291.60
Money spent: $678.85
Books sold: 481 ebooks, 226 paperbacks
Money earned (book sales): $2,186.55
Money earned (Patreon): $6,909
Money spent: $10,512.51
Right now I’m $1,416.96 in the red, which represents roughly 500 book sales. Considering that Biographies Vol. 1 sold more than 500 copies in its first year, I could very easily assume that Biographies Vol. 2 will hit the 500 mark — which, when combined with any additional Biographies Vol. 1 sales, would clear out that debt and help me break even by, say, May 2019.
I don’t anticipate any other major expenses for either Vol. 1 or Vol. 2, now that the mini-tour is done. Any additional readings or classes will either be local or combined with other travel (e.g. visiting my nephew and doing a reading in Washington, DC). I’m not submitting Vol. 2 to any awards, since it doesn’t really stand on its own the way Vol. 1 does. All I have left, in terms of costs, are the upcoming promotions on BargainBooksy, Fussy Librarian, etc. — and those are, like, $25 each.
So here we are. I need to earn back the costs of this recent tour, and then anything after that will be pure profit. (I could get to the “profit” stage a little faster by separating out the “reading” and “teaching” costs — I counted all of my non-vacation travel expenses as Biographies expenses, but my hotel and food expenses on the day I taught at Hugo House might belong in a different category. That’s worth considering, actually, and maybe I should redo my math.)
I don’t know if you read Longreads, but last week they published my essay “How the Publishing Industry Changed, Between My First and Second Novels.” I absolutely recommend reading it, because it’s got all of the analysis of these blog posts plus extra research and more polished writing. Here’s an excerpt:
Even if Facebook weren’t force-choking our posts (and we don’t exactly have proof that it is, aside from all of the evidence), we’d still have to deal with the ways in which social media both amplifies and dilutes any message we try to share. Everyone is asking you to read their thing, whether it’s a Twitter thread or a debut novel. Nobody has time to read everything, and the novel is longer and costs money (or a trip to the library).
“Social media and the internet have been instrumental in destroying the economics of writing,” Bradley Babendir told LitHub. He’s specifically referring to book criticism, which used to be a valued, paying gig but is now dominated by crowdsourced reviews on Amazon and Goodreads. Book critics still get work the same way that authors still get sales, but … no, I think that comparison stands.
I’ll leave you with that, so you can go read the whole thing. More news when I have news to share! ❤