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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 » Money » Page 2

Money

Should I Write for Free?

By Bob Hostetleron February 27, 2019
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Writers write, right?

Often, however, writers are invited, asked, pressured, or even hornswaggled (look it up if you have to) into writing for free. Sometimes that’s good. Often it’s bad.

How can you know which is which? One word: strategy.

What is your strategy? Do you even have one? Or, put another way, do you have a mission statement as a writer? When you define where you’re going and what you hope to accomplish, it is much easier to reject or accept unpaid writing opportunities. Even then, it may help to have a few loose and fluid guidelines, such as the following:

Not-So-Good Free Writing

Writing for friends. Just because you can write doesn’t mean you should. And saying yes to one writing request means saying no to others. So, when your friend asks you to write her autobiography, remember your mission statement and writing strategy. I don’t think I know anyone who lost friendships from politely declining such requests, but I do know some who lost friendships from saying yes.

Writing for “content mills.” Some publications—many of them online—give you the opportunity to “make money” by writing for them, depending on how many articles you write, how many “hits” and “shares” your articles get, etc. You can learn a lot by accepting such opportunities, but beware. In some cases (not all), you can write and write and write and receive little or nothing in return—and often, your words are no longer your property.

Writing for exposure or credits. Generally speaking, any writing for exposure, rather than pay doesn’t deliver. If the exposure were worth it, the site or publication could afford to pay you (and may, in fact, if you make it clear that you value your work more highly than, say, $0). Be more strategic and more professional than that.

Good Free Writing

Write for fun. Most of us got started as writers because it can be fun. Don’t lose that in your quest for publication, fame, and wealth. Keep writing for your own enjoyment, whether that’s journaling or making up stories for your grandkids.

Write for family. Go ahead and write your memoir; maybe it will someday be published, but if not, it can still be a meaningful legacy to your family. Write stories for your kids or grandkids. Write actual ink-and-paper letters to aging relatives.

Write for contests. Not all writing contests are created equal, but many do offer the chance for recognition, prizes, and even publication. Some charge entrance fees, some don’t, and some are just a way to separate you from your money—so do your homework. Ask around. But entering legitimate contests can help you hone your skills, get valuable feedback, and open doors.

Write for your church. Church newsletters, blogs, and websites often go begging for good content; and lessons, music, or dramas written for specific congregations can have an effective and sometimes surprisingly far-reaching ministry. Even then, however, you’ll do yourself a favor if you’re careful to write material that fits into your long-term mission and strategy.

Blog. Launch a blog and write regular, focused blog posts on a subject about which you’re passionate. Who knows where it may lead? One of my blogs, oneprayeraday.com, which I started in 2005, eventually led to a paid blogging gig.

Write queries, proposals, and one-sheets. If you’re a developing writer, instead of writing for some of the free outlets mentioned above, focus your efforts on writing top-notch queries, one-sheets, and book proposals to pitch your ideas to magazine editors, agents, and book editors.

Write the first draft of your first novel. Or two. Most debut novels are completed before a contract is offered by a publisher, so you might as well go ahead and write it. And then write the next one, even if no one is paying you. I have a friend (seriously, I do) who determined to write his first four or five full-length novels before even seeking publication, as a form of apprenticeship. He’s now one of the best in the business.

How about you? How do you decide if and when to write for free?

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Category: Economics, Money, The Writing Life

How Authors Make Money

By Bob Hostetleron August 29, 2018
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So, you’ve written a book. Good for you. Now the money will start rolling in, right? Not exactly. There are a number of ways authors make money, but writing a book is only one step in a long and arduous journey. And, though the details vary widely from one author to another (and one book to another), there are six basic ways an author makes money. An advance When you sign a book contract, the …

Read moreHow Authors Make Money
Category: Book Business, Money, The Writing LifeTag: Career, Money, The Writing Life

Counting Cash – Fun Fridays – June 29, 2018

By Steve Laubeon June 29, 2018
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A video of authors counting the entirety of their annual income in cash. Just kidding! Actually a video showing 70 people from 70 different countries showing how they count money. Who knew?

Read moreCounting Cash – Fun Fridays – June 29, 2018
Category: Fun Fridays, Money

Don’t Sweat the Big Stuff?

By Dan Balowon March 27, 2018
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Author Richard Carlson and his 1996 book Don’t Sweat the Small Stuff encouraged a generation to put priorities in order and prevent someone from missing the forest for the trees. I am afraid many aspiring authors are doing just the opposite by not worrying about the big stuff either. Everything we write in this agency blog does not carry the same level of importance to everyone, but very often, …

Read moreDon’t Sweat the Big Stuff?
Category: Book Business, Career, Legal Issues, Money, The Publishing Life, The Writing Life, TrendsTag: Book Business, Career

The Minimum Wage Author

By Dan Balowon March 13, 2018
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Most authors earn less than legal minimum wage writing books. Most do so for their entire writing careers. (U.S. Federal minimum wage is $7.25 per hour. A full time person working 40 hours per week would earn an annual revenue of $15,000 at that rate.) In fact, they work for free for a long time before getting paid and once they do get paid, the amount earned almost never makes up for the long …

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

Your Money is Your Business or Keep a Lid on How Much Money You Make

By Steve Laubeon March 5, 2018
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How much should author friends reveal to each other about contracts or other business dealings when they have business with the same publisher?

I think it is a huge mistake to reveal the amount of your advances to other authors. This is similar to finding out the salary of the co-worker in the office cubicle next to yours. When I was a retail store manager we had major problems when salaries …

Read moreYour Money is Your Business or Keep a Lid on How Much Money You Make
Category: Book Business, Career, Communication, MoneyTag: Book Business, Contracts, Facebook, Gossip, Money, rumors

Actually, It Is About Money

By Dan Balowon July 25, 2017
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It is well-documented, Jesus spoke about money more than any other subject, as recorded in Scripture. He knew it was part of everyone’s life and used it often to teach a myriad of lessons. Still, money can be a polarizing topic. One of my favorite sports books is Moneyball: The Art of Winning an Unfair Game by Michael Lewis. It is the story of Billy Beane, the general manager of the Oakland A’s …

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Category: Book Business, Marketing, MoneyTag: Marketing, Money, The Writing Life

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 …

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

What is Your Writing Worth?

By Dan Balowon February 7, 2017
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The entire book publishing industry, both traditional and self-published, is dependent upon creating books other people will pay money for in sufficient number to make it worthwhile. Just about everything discussed on this agency blog is intended for people involved in revenue-generating publishing. Most authors can write something and give it away for free. Fewer can write something, which others …

Read moreWhat is Your Writing Worth?
Category: Book Business, MoneyTag: Book Business, Money

Worth the Money?

By Tamela Hancock Murrayon August 25, 2016
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As a businesswoman, I have to decide what’s worth paying for and what isn’t. Anyone in business is barraged with opportunities to purchase software, gadgets, and all sorts of pretty office supplies in cool shapes in colors. High heeled shoe tape dispenser, anyone? Well, okay, no office supply store I know of is giving away tape dispensers so you have to buy those. But what about other options, …

Read moreWorth the Money?
Category: Career, MoneyTag: Career, Money, Technology
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