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The Steve Laube Agency

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Helping to Change the World Word by Word

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Home » Economics » Page 2

Economics

Show Me the Money!

By Karen Ballon June 7, 2017
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I’ll never forget the Sunday I was getting ready to leave church, and the pastor’s wife came up to me and touched my arm.

“Karen, my son can’t find a job, so he’s decided to make some fast money by writing a book and having it published. Do you have any counsel for him?”

I’m so proud of myself that I didn’t guffaw in her face. Not so proud that I fixed her with a hard look and replied, “Do me a favor. Don’t ever say anything so stupid to me again.”

Yeah, those spiritual gifts tests. The category I always lack is mercy.

Anyone who has ever gotten involved in this gig knows that writing and being published isn’t the way to make “fast” money. Or, for far too many, any money.

Okay, reality check. Walk into any large bookstore and take a look at all the books. Now, how many of those multitudes of authors do you think are making a living at writing? Brace yourselves. One percent. Yup, one percent! In fact, with all the things authors need to do to find a readership (marketing/promotions, writers’ conferences, reference books, and so on), and the costs for indie publishing (in addition to what traditional authors have to pay for, they have the expense of covers, copyrights, editing, and more) many end up spending far more money than they earn. So is it any wonder several authors responded to my initial blog on obstacles by saying money is a big one? Or the lack thereof.

Yes, there are financial realities to this whole thing. But let me ask you something: What if money isn’t an obstacle at all? I mean, God could, if it was the best thing for you, rain money down on you! So what if the real obstacle is a lack of trust? The feeling that if you don’t do all the things you’re told you need to do, things won’t happen the way they should? That you’re in this on your own, and if you have to put yourself in debt to do it, well, you’re doing it for God, right?

No. You can’t honor God by doing things He says not to do, like going into debt. But here’s what you can do:

  1. First, realize your task is to write. Make sure you’re doing that. Just get your seat in the chair and write.
  2. Then, when a seeming financial need arises, submit it to God’s approval and guidance.
  3. Ask trusted friends and family to pray about the issue, that God will make it clear what He is asking you to do. If God, and your advisors, don’t give you the amen, then let it go. And move on in the freedom that God’s in control of your writing.
  4. Know, in your heart of hearts, that you serve a God who WILL provide what He knows you need. And if that’s money, you can rest in His promises. Promises like those below. Promises to put an end to Writer’s Obstacle #9: Money Concerns–

Deut 28: 8, 12— “The Lord will guarantee a blessing on everything you do and will fill your storehouses with grain. The Lord your God will bless you in the land he is giving you…The Lord will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.

Psalm 34: 3-5, 6-10– …let all who are helpless take heart. Come, let us tell of the Lord’s greatness; let us exalt his name together. I prayed to the Lord, and he answered me. He freed me from all my fears. Those who look to him for help will be radiant with joy; no shadow of shame will darken their faces…Taste and see that the Lord is good. Oh, the joys of those who take refuge in him! Fear the Lord, you his godly people, for those who fear him will have all they need. Even strong young lions sometimes go hungry, but those who trust in the Lord will lack no good thing.

2 Corinthians 9:10– For God is the one who provides seed for the farmer and then bread to eat. In the same way, he will provide and increase your resources and then produce a great harvest of generosity in you.

Philippians 4:19-20– And this same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus. Now all glory to God our Father forever and ever! Amen.

 

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Category: Economics, Money, The Writing LifeTag: Economics, Faith, Money, The Writing Life

Family Christian Stores Closes All Locations

By Steve Laubeon February 27, 2017
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Last Thursday Family Christian Stores (FCS) announced they will be closing all 240 locations in 36 states, liquidating their inventory, and laying off over 3,000 employees. It is a sad day for Christian retail. In this case, the only surprise is that it came so soon after their previous bankruptcy reorganization. In February 2015 FCS suddenly declared bankruptcy and it was not until June of that …

Read moreFamily Christian Stores Closes All Locations
Category: Book Business, Economics, Legal Issues, Publishing History, Publishing NewsTag: Book Business, Economics, Family Christian, Publishing News

How Self-Publishing Has Changed Authors

By Dan Balowon January 24, 2017
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As a literary agent, not a day goes by when I don’t encounter the changes in thinking from authors caused by the expansion and availability of self-publishing. It’s understandable, because there are over twice as many books self-published every year in the United States than are published by traditional publishers. Traditional and self-publishing generate over one million new books every …

Read moreHow Self-Publishing Has Changed Authors
Category: Agents, Book Business, Book Proposals, Book Sales, Career, Economics, Get Published, Marketing, Self-Publishing, The Publishing LifeTag: Book Business, Self-Publishing, Traditional Publishing

Who are the Major Retail Outlets for CBA Books?

By Steve Laubeon November 28, 2016
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[This post had to be updated and revised in March 2017 and again in August 2019 due to numerous changes in the industry.] The question came up recently asking which retail store is the most important to a CBA publisher for selling print editions of their books? And to which store are the most books sold? CBA is a label to describe the Christian book market. It used to be an acronym for Christian …

Read moreWho are the Major Retail Outlets for CBA Books?
Category: Book Business, Book Business, Book Sales, Economics, Marketing, Publishing History, The Publishing Life, The Writing Life

When Your Book Doesn’t Sell

By Steve Laubeon November 14, 2016
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You have spent years writing your book and now it has been published by a traditional publisher. It took a while for the publisher to bring it to market. But it is finally out there. Dreams have been realized. You. Are. A. Published. Author. But then the sales reports begin to appear. Sales have floundered. There isn’t any buzz. No one is even commenting on your Facebook page. It’s a …

Read moreWhen Your Book Doesn’t Sell
Category: Agents, Book Business, Book Sales, Career, Economics, Editing, PlatformTag: Book Marketing, Book Sales, Failure

Confusing Industry News in Bookselling

By Steve Laubeon June 20, 2016
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Last week the Hastings, a chain of 126 retail stores, declared bankruptcy. Approximately half of their sales are from books (the other half are movies, music, games, etc). They claim “a decline in the market for physical media properties like music, movies, books, games and media rentals.” They had losses of $16 million on sales of $400 million. Among their largest unsecured creditors …

Read moreConfusing Industry News in Bookselling
Category: Book Business, Economics, TrendsTag: Book Business, Book Sales, Trends

Limitations Inherent to Non-Fiction Publishing

By Dan Balowon May 31, 2016
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Some categories of books in the Christian market have very limited potential for publication. A publisher may do just one every year or every ten years on a particular topic or category. When you send your proposal to an agent or ask your agent to pitch a title in one of these categories, our first reaction would be how limited the potential is to sell. I am not writing about the potential for …

Read moreLimitations Inherent to Non-Fiction Publishing
Category: Book Proposals, Branding, Career, Economics, Get Published, PlatformTag: Bet Published, book proposals

Zip It Mr. Galilei

By Dan Balowon February 16, 2016
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Did you ever tell someone, “Don’t feel that way” and not get the best reaction? In the same vein is “Don’t be that way.” Honestly, I could never figure that one out. Feels like a philosophical conundrum of the highest order. Telling someone not to be. Four hundred years ago this week in 1616, Cardinal Bellarmine, representing the Catholic Church, issued an order to astronomer Galileo Galilei that …

Read moreZip It Mr. Galilei
Category: Book Business, Branding, Contracts, Economics, Get Published, Humor, Indie, Marketing, The Publishing LifeTag: Book Business, The Publishing Life

Ned Ryerson and the Startled Rodent

By Dan Balowon February 2, 2016
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Much has been discussed about the growth (or shrinking) of digital book content delivery. I figured today was the perfect day to put in my two cents. Here is what happened in the last few years, explaining why digital sales have slowed, as told through a little story I conjured up. Avid book reader Barbara got up early one morning, made coffee and sat down to read with her e-reader. She noticed …

Read moreNed Ryerson and the Startled Rodent
Category: Book Business, Economics, TrendsTag: Book Business, E-Books, Economics, Trends

2015 – A Year in Review

By Steve Laubeon January 4, 2016
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I like to take a look at the past year as an exercise in measuring success and failure – all while counting God’s blessings. (If you’d like to look at previous annual reports they can be found here: 2014, 2013, 2012, 2011, 2009.) The Agency Thrives The agency continues to thrive in the midst of some tough economic challenges. It was exciting to secure contracts for over 130 forthcoming …

Read more2015 – A Year in Review
Category: Agency, Book Business, Career, Communication, EconomicsTag: 2015, Agency, Year in Review
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