5. That they’ll be able to quit their day job once they sell that first book


Industry advances are shrinking. My advances today are less than they ever were. Factor in that a publisher will only buy roughly one book a year (if you’re lucky) and that your agent will take 15% and the taxman another 20-30% and you’re left with less than you first thought.
I quit my day job, started traveling the world AND then decided to become a writer because I never researched how much authors earn. Doh.
How do I survive financially?
– I copywrite
– I have started writing screenplays and earning from that.
– I’ve optioned my books to production companies
– I teach / lead retreats
– I work my ass off!
I’ve had to use my creativity and imagination to find other ways to earn income, in short.

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