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Nathan and Nat tackle one of the biggest challenges facing aspiring authors: how to financially sustain yourself while pursuing a writing career. They explore various strategies writers use to make ends meet before their books become profitable, drawing from their own experiences and those of successful authors.
They discuss the realities of the publishing industry, including the daunting statistics about author earnings and the fierce competition in the market. They share practical approaches like maintaining a day job while writing nights and weekends, building multiple revenue streams through consulting and newsletters, and strategically saving money to take time off for writing. The conversation also delves into the differences between fiction and nonfiction publishing, including their distinct paths to profitability and marketing strategies.
TIMESTAMPS
[00:00] Affording a writing career
[01:28] Publishing contracts and financial realities of writing
[02:43] Writing while working a full-time job
[05:44] Managing multiple revenue streams as a writer
[07:23] Client work and consulting
[11:02] Writing as a parent
[15:19] Saving money first to focus on writing full-time
[22:04] Balancing writing for work vs creative writing
[29:20] Fiction vs nonfiction writing income potential
[31:28] Sales conversion differences between fiction and nonfiction
[33:14] Book marketing and bulk purchase strategies
[37:05] Getting stuck on your first book
[39:33] Writing multiple books before success
[42:41] Updates on current writing projects
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