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Thread: What is your financial goal in terms of your writing

  1. #1
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    Smile What is your financial goal in terms of your writing

    Hello
    I am an amateur writer. I only work nearly part time so I have lots of free time. I would really like to
    write every day, which I have been doing for the last two weeks. I am writing a blog and some articles, and am
    typing up a novel that i wrote on paper years ago. From the novel I do not expect money. It is more just a personal
    goal to have it all typed up and maybe edited to make it better.

    In regards to the articles I would like to submit them often to different sources and ideally receive some cash from that. The blog who knows, I read somewhere yesterday that you have to have at least 150 posts on it to put adsense on it to try and make money from ads on the blog. I have5 posts so far loll. (although I do want to blog very often, maybe 5 posts a week, so maybe in 3 or 4 months I will achieve that goal)

    From submitting article I would love to make around $1200 per month for around 16 hours per week. If we are talking dream goals, I would love to be paid to travel and write about different cities in Europe!

    How about you? What are your financial goals or dreams in terms of your writing? And if you work full time 40h weeks in another field do you aspire to work less on that other job? Would love to hear your aspirations and thoughts

    K

  2. #2
    Prolific Writer luckyscars's Avatar
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    financiall speaking, if i manage to pay a single bill through writing, i will die happy.

    making an actual living would, of course, be better still. but it's not actually my goal. partly because it seems very unlikely, partly because i just don't see it as a motivating factor. recognition, on the other hand, is quite different. i would far sooner have a million people read my book and not get a penny than have a hundred buy it and get a multi-million advance for doing so.
    "All good books have one thing in common - they are truer than if they had really happened."

    Ernest Hemingway



  3. #3
    Mentor Olly Buckle's Avatar
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    Unimaginable wealth to pass down to my children.
    A Read for the Train, a collection of short stories, flash fiction and verse. Its cheaper on Lulu, 25% discount.
    http://www.lulu.com/shop/oliver-buck...-18812406.html

  4. #4
    Profound Writer KyleColorado's Avatar
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    James Patterson made $84,000,000.00 from the five novels he wrote in 2011.

    My financial goal in terms of writing is to mug James Patterson.
    Jon M and josh.townley like this.
    If you only read the books that everyone else is reading, you can only think what everyone else is thinking.
    - Haruki Murakami

  5. #5
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    Quote Originally Posted by KyleColorado View Post
    James Patterson made $84,000,000.00 from the five novels he wrote in 2011.
    My God! The guy can't even write!
    Make sure the steps you tread are left as footprints when you die.

  6. #6
    Profound Writer KyleColorado's Avatar
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    Quote Originally Posted by Walkio View Post
    My God! The guy can't even write!
    Lol. He must be doing something right. Wish I knew what it was.
    If you only read the books that everyone else is reading, you can only think what everyone else is thinking.
    - Haruki Murakami

  7. #7
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    Quote Originally Posted by KyleColorado View Post
    Lol. He must be doing something right. Wish I knew what it was.
    So do I! Maybe it's that all his novels use large print.
    Make sure the steps you tread are left as footprints when you die.

  8. #8
    Scrivener ProcrastinationStation's Avatar
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    I would like to make a living off writing, I suppose that is my goal.

    If I knew I would make any money off writing ever, I'd still do it because I have to. But if I'm given the choice, yeah, money.

    I would like to be insanely rich but, I would be happy with enough to live on.

    There is no other job/career I would like, there is nothing else I want to do, so if I can live off it, awesome. If not, well, I'll just write out my crushing despair and horrific hatred for my job.

  9. #9
    Prolific Writer shadowwalker's Avatar
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    I'd like to be able to live off my writing - and considering I have no mortgage or other huge monthly debt to pay, I don't think it would be that hard to do (one average advance would be more than I earn in a year!). But mainly I'd like to be able to build up a nest egg for emergencies, and have a nice cushion so I could cut back on the day-job hours.

  10. #10
    Prolific Writer dale's Avatar
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    i'd love to make a living off of my writing, but i'd be satisfied just to make enough money
    to wallow in quality microbrew from week to week off of it.

  11. #11
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    It's not hard to live off your writing. The door I went in by, local newspaper, continues to be available. The print part of the business may be ending, but even small town newspapers have their online editions today, so there continues to be that need for the local writer. You start stringing for your local paper - I advise against a staff position as being too confining - and once you are established with that paper start looking at other papers in cities around you.

    I'm speaking from my own experience, I started taking articles with photos to two local newspapers. Soon I was stringing for a half dozen regional papers in larger cities. From there it was easy. I'm 71. I sold my first article about a scout camping trip when I was 14, photo included. I've never had a day job.

    You can do the same thing if you put in the effort.

    Edit - Correction. The first article I took in, about the scout trip, was printed but I wasn't paid for it. Another three months would go by before I started being paid.

  12. #12
    Prolific Writer qwertyman's Avatar
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    Four quid and a cheese sandwich.

  13. #13
    Mentor Terry D's Avatar
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    Even if I sell my current novel to a traditional publisher, I doubt that I'll make enough to quit my day job. That's okay, I like my day job and make a good living at it. Don't get me wrong, if my book were to become popular enough to bring in lots of cash and interest in future work I'd be happy as a pig in @#$%, but I understand the reality of this business.

    If I have a financial goal for my writing it would be to sell enough to supplement my income and to provide for added income when I retire in a few years. $10,000 speaking engagements and the adoration of the reading public would be nice side benefits .

  14. #14
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    For me, any money that comes from my book is a perk, not a supplementary income. I just want to see it published.
    "Even in literature and art, no man who bothers about originality will ever be original: whereas if you simply try to tell the truth (without caring twopence how often it has been told before) you will, nine times out of ten, become original without ever having noticed it." - C. S. Lewis

  15. #15
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    If I sell either one of my many short stories for a pint, (it doesn't even have to be premium booze) I'll be a happy man.

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