Seems like quite a few of you want to know the plan. So would I. Kidding!
I actually have put some thought into this project. Here’s the thing… I’ve done the math. Using my background studying investment management, I’d calculated my expected (average, for the non-investment crowd) returns from an average book.
I won’t bore you with the calculations.
But the result is this… Assuming that my average books earn the same average amount every month, I’ll have to publish 126 books in four years in order to make $7500 per month for the last year.
So… No matter which way you look at it, my goal would be impossible if I were to produce average stories. Which is really turning this project into a challenge I’ll relish. Because a lesser being would make the goal more realistic. Not me, though.
That goal is here to stay.
What will I do?
And here’s where I’m probably going to dissappoint you. Because the success of my attempt will depend soully on my ability to produce books that sell well. Better than average. Which is yet another snag. Because right now, I have no idea as to how my books will sell.
The best thing I can do at the moment is to play the odds. My logic says that the more books I publish, the better the odds that some will sell well. But NOT if I’m churning out books of average quality. I’ll need to balance speed and quaIity and produce the best stories I can, as often as I can.
Yeah. I know this is really obvious, but doing the above means I need to think of very many things. Like how I’ll balance drafting, rewriting, editing and submissions. And speaking of submissions, will I query agents or submit to small presses on my own? The latter will likely be faster, but how will earnings compare? And above all that, I need to figure out how to keep writing despite rejections. And the pace I can maintain without burning out.
Those things I’ll have to learn as I go along. Looks like I’m in for a tricky five years…
Any bits of advice for the insane person?