Being an Author vs. Running a Business as an Author

Is there a difference between being an author versus running a business as an author? In this interview with Joanna Penn, we discuss some of the important shifts that happen when you begin treating your writing (and/or your art) also as your business.

We also cover:

  • The trade-offs that can make full-time writing possible
  • The business models that writers are using these days
  • The commonalities of authors making over $100,000 per year
  • Understanding the profit and loss statement for your book

Joanna offers up our interview in three ways:

I’m grateful to Joanna for inviting me as a guest on her series, and hope you find some useful takeaways in our discussion.

Opt In Image
Master the Principles of Social Media Without Feeling Like a Marketer

Jane's newest online course focuses on how to take a holistic and strategic approach to social media that’s based on long-term reader growth and sound principles of online marketing. You won’t find gimmicks or short-term approaches here. Rather, my philosophy is that (1) your work—your writing—is always central, and (2) you have to enjoy what you’re doing on social media for it to be sustainable and eventually become a meaningful part of your author platform.

A big challenge for authors is deciding what types of marketing will work for them strategically, and figuring out what will be effective in cutting through the noise without consuming huge amounts of time. Over the course of 12 weeks, our goal will be to answer this question for you, eliminate as much guesswork as possible, and retain your authentic voice regardless of your strategy.

The following two tabs change content below.
Jane Friedman (@JaneFriedman) has more than 15 years of experience in the book and magazine publishing industry, with expertise in digital media and the future of authorship. She speaks around the world at events such as BookExpo America, Frankfurt Book Fair, and Digital Book World, and has keynoted writing conferences such as The Muse & The Marketplace. She currently teaches digital media and publishing at the University of Virginia. Find out more.
Posted in Business for Writers.

7 Comments

  1. Two of my favorite writing bloggers together in one place! Thanks for a terrific interview. My favorite part: “When you realize that you have to start saying no, I think that’s a major turning point for a lot of people…” (Jane). I’m right there, at the beginning of the turning point, and it feels just scary enough for me to know it’s right.

  2. Regarding royalties for multi author books:

    Since most authors who self-publish probably already have an account set up with their banking information, it seems the retailers could set up a split payment option that would automatically divide payments.

    The book could have a special log in screen where everyone contributing to the project could enter their information. The screen would only show that author their account information, but it could allow for a “Do you have the right to publish this material” during the publishing process that all the authors would be able to agree to.

  3. Pingback: Wordslingr | News for Writers for 05/14/2014

  4. Pingback: Pick of the Twitter: May, 2014 | Annie Daylon

  5. Pingback: Wednesday Woo: More on The Business of Being a Writer | WriNoshores

Join the conversation