There are an awful lot of myths and misconceptions about writing, and one of the biggest is that writers are all rich, hanging out in their mansions and sipping champagne and role-playing with dice made from etched diamond. So for the past few years, I’ve been posting my writing income and expenses to provide what I hope is a more useful data point.
I ended 2010 with a last-minute check from my agent for the French on-signing advance for Red Hood’s Revenge. With that added to the total, I made $25,718 in writing income in 2010, down about $3000 from the previous year.
Here’s the graph going back as far as I have data for:
2008 was a fluke. A nice fluke, but a fluke nonetheless, with a big spike due to the success of the goblin books in Germany. The princess books haven’t been as popular, and I think the ongoing decline of that particular income stream is part of the reason for the drop from 2009 to 2010. But let’s break down the 2010 numbers a little further:
Novels (U.S. Sales): $9297
Novels (Foreign Sales): $15876
Short Fiction: $200
Speaking Fees: $225
I still make the majority of my income through foreign sales (Thank you, Joshua!), but the balance shifted a bit this year. Foreign sales were a smaller percentage of the overall income, with the money from DAW here in the U.S. climbing a bit higher. I have no idea what this means for the long term, but it’s interesting.
That foreign income includes novel sales to France, Germany, and the Czech Republic, along with royalties from Germany and Poland. In general, individual foreign sales tends to be less than their equivalent U.S. deals … but those foreign sales add up.
Expenses were about $2000, with more than half of that going into conventions.
Of course, this is all before taxes. I have a higher deduction at the day job, which balances out a lot of the self-employment taxes I owe for the writing, but even so the numbers here don’t exactly represent the amount I put in my pocket at the end of the day.
So that’s 2010. A pretty good year, and I’m expecting 2011 to be even better, at least with the U.S. income stream. No clue what to expect with the overseas sales. And to answer a commonly asked question, no I am not planning to quit the day job any time soon.
Questions and comments are very much welcome, as always.