Ever since 2007, I’ve been doing my best to talk openly about my income as an author. It’s occasionally awkward, but I also believe it’s helpful to new and aspiring writers. If nothing else, it lets me play Mythbuster with the fairy tale that writers are all fabulously wealthy with their own built-in laser tag arena and fleet of customized DeLoreans…
2012 was an odd year. In many ways, it’s the best year I’ve ever had as an author. My eighth book with DAW came out in hardcover, and went through four printings in the first few months. I won a Hugo award. I saw some of my books come out in audio format for the first time ever. The goblin books were re-released as a trade paperback omnibus, and also sold to the Science Fiction Book Club.
So it was a little weird at first to realize that I made significantly less money in 2012 than I did in the prior year. The grand total for 2012 was $33,598.19 before expenses and taxes and all the rest. Compare that to almost $43,000 from 2011.
I figured the reason for the drop was pretty straightforward: I didn’t sell any new books to my U.S. publisher last year. The deal for Libriomancer and Codex Born was made in 2011, and while I have ideas for book three in the series, I haven’t pitched it yet. So while 2012 saw some money for delivering the final manuscript for Libriomancer and the on-publication payment, it wasn’t as much as the on-signing advance for those two books last year.
At least, that’s what I had assumed … and then I started looking at the numbers more closely. Thanks to royalties and subrights sales (audio and SFBC), my U.S. novels actually made more than they did last year. Turns out it was the foreign sales that saw the real drop, and I’m not sure why.
The income from my self-published titles jumped a bit, probably in part because I put another collection out midway through the year. I didn’t write or sell much short fiction last year, which is part of why the miscellaneous income (from speaking fees, a few nonfiction pieces, and reprint sales) is the smallest category.
- Novels (U.S.): $25,800
- Novels (Foreign): $5,020
- Self-Published: $1,950
- Miscellaneous: $820
I’m still sorting out expenses for the year, but it looks like that’s going to come in around $2000 or so, mostly for conventions. That’s been fairly steady for several years now. I actually made it to a few more conventions, and did a little more traveling last year, but several of those were Guest of Honor gigs, which helped balance things out.
The other interesting thing (to me) is how erratic the checks were. I made a total of $115 in the month of January, but February was an awesome month, with more than $6000 showing up in the mail. March and April went the same way. The fact that I have a full time day job means I’ve got a steady income I can count on for most of our day-to-day needs, but if I’m ever able to go full time as a writer, I’m going to have to be a lot more careful about budgeting for the long term.
That was my 2012. Please remember I’m just one author, and you can’t make sweeping generalizations from a sample size of one. But I hope the information is useful, and as always, I’m happy to answer any questions.