The first step is to determine how much you’re making with your book. So how does an author take the principles of Moneyball and apply them to yearly earnings? Money-making in writing actually may be kind of boring and less flashy. In other words, what you assume will work doesn’t always make steady income. This, of course, is a very simplified version of the narrative, but you get the idea. And then they completely changed their strategy based on which players could make it on base. Instead, mavericks looked at boring (but important!) statistics. Someone finally questioned the status quo, the way baseball always spent money on talent. In the movie, Moneyball, ( based on a true story and this book) we see a math person dismantle gut instinct. In fact, in Publishers Weekly’s 150th anniversary edition this month, I was struck at how few authors actually make a successful living.Īround 100 authors worldwide make millions, but the rest of authors make $6,o80 (all authors, full- and part-time) or $20,300 (full-time authors only) per year based on this research from The Author’s Guild. What I’ve seen is that it’s very difficult to make a sustained income as a writer. Like many of you, I’ve been operating in this space as an author for many years, and now I have the privilege of being an agent.
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