Taking Care of Business – What Do You Do When You’re Not Writing?

 

So, you finish your first draft of your second novel and you take a brief break before editing. How do you take care of the business of being an author? Here are 13 tips on Taking care of business.

What is there to the business of writing and selling your books? Don’t you just post your book to Amazon, Ingram, Barnes & Noble, and watch the money roll in?

Let’s assume the best and the money is rolling in: your books are selling like $1.00 iPhones. Where’s the money going? How much is going in? What are you paying in royalties to these web site sellers?

In other words, before you sell a book online, you need a bank account to hold the incoming money. And it’d be nice to track how many you sell, how much money you get, and how much you pay to your seller(s).

Suppose you say, “I hate computers! I’ll print my books and sell them from door to door!” Great! How many will you print? Who will print them? How will they be shipped? What is the total cost per book for each one shipped? How many do you have to sell to break even? To earn $10,000? $100,000? How long will it take to reach that many? What number of books do you order each time?  Do you have enough money? And finally, do you have enough storage space?

So Andy, What Are the Answers to “Taking Care of Business”???

Every author has to answer these questions. Here are my answers. Ask me, I’ll give you a free copy of my spreadsheet that I use, complete with formulae.

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