I’ve been blogging about my writing income since 2007. It’s an odd thing, and feels tacky at times, but I also think it’s important. There’s very little data out there about how much money writers make, and a lot of folks — both new writers and muggles — have unrealistic ideas about the authorial lifestyle. I blame Castle.
From a financial perspective, 2013 has been the best year I’ve ever had as a writer. I sold three novels — books three and four in the Magic ex Libris series to DAW, and another project I can’t talk about yet. All total, before taxes and expenses, I earned about $60,800 — enough that I was able to pay off my wife’s student loans and put a little bigger dent in our mortgage.
While the year-to-year income is much more erratic than what I’ve made at my day job, the overall trend makes me happy. I expect I’ll probably make less in 2014 than I did last year, in part because I’ll be busy writing those novels I sold last year, and I highly doubt I’ll sell three more before the end of this one. On the other hand, there will be the D&A (delivery & acceptance) for at least two of those books, along with the on-publication payment … I have no idea what 2014 will look like, but it shouldn’t be too bad.
The writing expenses for the year actually dropped to a little over $1000, thanks to a number of Guest of Honor and Toastmaster invites, which reduced my convention costs. (Thank you!!!) My income tax payments are going to take a much bigger chunk out of things, but that’s to be expected.
The income breakdown is a bit different this year.
- Novels (U.S.): $55,350
- Novels (Foreign Editions): $1,000
- Self-Published: $1,650
- Short fiction and Nonfiction: $1,500
- Miscellaneous: $1,300
This is by far the least I’ve ever made from foreign language sales. (I’m not including the U.K. deals for Magic ex Libris here, because while U.K. English is indeed a foreign and confusing tongue, that deal was done as a sublicensing thing through my U.S. publisher, and I’ve only ever included non-English income in that category in prior years.) I honestly have no idea what happened here. It’s the second year in a row I’ve seen a significant dropoff in foreign income, and it’s something I’ll be following up with my agent about.
The income for my self-published stuff remained pretty constant. I don’t make a lot of money there, but considering I do zero work, I’m not going to complain!
Looking at the last few years, if it was just me, I’d be giving serious thought to quitting my day job, signing up for insurance through the ACA, and writing full time. But with a family of four to support, all of whom have health issues of one form or another, I’m not ready to make that jump quite yet.
For a little more background, I’m a U.S.-based author, and I started trying to write back in 1995, so realistically, it’s taken me 18 years to get to this point. I have nine fantasy novels in print with DAW. The first came out from DAW in 2006. The last two were published in hardcover. Most of my books have made the Locus bestseller lists, though I don’t hit the NYT or USA Today lists. (Yet.) I’m primarily — almost exclusively — a “traditionally” published author.
As always, please keep in mind that I’m a sample size of one. Trying to draw any broad, sweeping conclusions from such a sample would be … illogical.
With that said, I hope this is helpful, and as always, I’m happy to answer any questions folks might have.
Mirrored from Jim C. Hines.