Seen a lot of hopeful creatives burn out & fall away in the course of my writing career.
All of them were talented. But the talented failure is an old story.
Here's 1 lesson up & comers can take from others' failures that will most help them avoid the same fate ...
... Know what your time is worth.

That's it. Successful creators price their time correctly.

How to do it right takes some unpacking ...
... Newbie creatives start out w/ a starving artist work ethic. I know b/c this was my business plan:
1. Grind 7/365 for years with little or no expectation of a reward
2. ???
3. Success! (What's that mean? I'll know when I see it)
Dumb. At best I treaded water
Then I learned...
... Succeeding in the art business means treating your art like a business.
I'd heard that before but didn't get it till someone asked me 1 simple question:
"How much do you want to earn each month?"
I was like, "What?" ...
... My income varied month to month depending on sales volume & client interest.
I assumed both were too unpredictable for me to set a desired monthly income.
It was gently explained to me that this kind of thinking was ass backwards ...
... *Start* w/ a desired monthly income in mind.
Base that # on the $ you need to cover all your expenses, enjoy the standard of living you want, & set some aside for investment & savings.
Yes, this is a 'Sit down w/ a pencil & paper & figure this out' prompt
Then ...
... figure out how many days you can work each month & how many hrs you can work each day w/o going insane.
Time yourself to pin down how many hrs it takes you to output 1 deliverable you can get paid for ...
... That will tell you how much you should earn/charge per deliverable.
Handy shortcut: every $75 you earn per day pretty much works out to $25K/year.
It ain't 20booksto50k, it's [# of books yielding $175 in daily sales] to 50k.
Yes, that does mean ...
... A lot you will be busting your humps working every day at first.
What most newbies miss is nobody can maintain that level of output @ consistent quality levels long-term.
That's why a lot of new authors/illustrators/YouTubers burn out.
To avoid burnout ...
... Make a weekly schedule. Once you've gotten past the initial grind & have some momentum, we'll give you a treat & give you Sundays off. Divide your weekly earnings quota by 6. Divide that # by how many hrs you can work daily w/o going nuts (be brutally honest) ...
... That # is how much you should charge per hour.
Every minute you work, you should picture a meter running in your head. The # on that meter @ the end of the day should go on a mental bill for your services ...
... Yes, that even goes for indies selling through KDP. Picture yourself submitting an invoice to Amazon for Writing Services Rendered.
What if you earn less than your daily # from Amazon?
Here's what ...
... Do what any worker who's earning less than he's worth should do: Take your services elsewhere.
Or at least pursue additional income streams that either a) don't take extra time or b) earn more.
"But Amazon's the only game in town!"
Loser thinking👆
Here's winner thinking ...
... If the rules are against you, change them or find a new game.
Don't think "I'm an indie author who sells books on Amazon"
Think "I can produce valuable deliverables people will pay me for"
Once you've got your income streams ...
... Go to your weekly schedule, zoom in to the daily level, & draw up an hourly schedule just like you would at a day job.
Again, make it realistic according to your known limits. If your quota is $150 daily & you can work 10-hr days, you need to pay yourself $15/hr ...
... That way you can live like a 1st world citizen & not have a nervous breakdown after grinding 7/365 for 10 years.
NB: 10 yrs is about what it takes to earn a middle class living. Best of luck!
Pro tip: If you're having trouble identifying skills & deliverables you can charge for, my friend & client
@TheBrometheus
has a course to teach you just that
If you want to have a successful home biz, start here
👇
gumroad.com/a/202773619/QM…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Brian Niemeier

Brian Niemeier Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @BrianNiemeier

13 Sep
Potentially worthwhile thought experiment reposted from a thread I seem to have killed:
To define our terms, "the world Gen Y expected" means an indefinite extension of the low-effort, high reward system the Baby Boomers took for granted.
And to establish a baseline, that world _is_ gone.
Read 12 tweets
2 Aug
I'm starting to question the received wisdom that narcissism is endemic to Millennial & Zoomer males b/c of participation trophy culture.
The self-esteem movement was 30+ y/a.
Narcissism comes from lack of self-worth & every institution now tells boys they're worthless.
This trend also explains the plague of male weakness. Those who escape narcissism are gaslighted into self-loathing & learned helplessness.
In retrospect, my XP w/ corporate culture was eye-opening.
I was far more trusting of authority figures back then. Got inundated w/ nitpicky criticism @ my 1st corporate job. Thought the vast disparity w/ how well I did in school was due to the Real World™ being way tougher.
Read 5 tweets
1 Mar
Read this thread to learn the secret of making movie theater quality popcorn @ home

1) The hardware - Get yourself one of these👇
NB: Electric stoves work best.

2) Get the right salt. The best theater concessionists use this👇
3) Get the right oil. That means coconut, virgin.

The supermarket kind makes killer white popcorn.

For full movie theater authenticity, you'll want to spring for this👇
Read 15 tweets
24 Feb
Look, here's what you need to understand about cringe Death Cultist takes like the OP
It's not a factual statement or even an argument. It's a combination loyalty test & bait
cont'd ...
... Death Cultists know nothing about Christians. They don't want to know anything about Christians. To them, Christians are the enemy
They sling paste-eating idiotic memes like that to elicit 2 effects:
1) Rally fellow Cultists
2) Beat the bushes for enemies to mob

more ...
Read 8 tweets
9 Feb
Time to flip some tables

1 RT = 1 hard Theological truth
Purgatory is real.
Doing away with indulgences & prayers for the dead is one of the most evil consequences of the Reformation.
Read 41 tweets
20 Jan
You ever been given the answer to a problem you didn't know you had?
Newpub pride themselves on embracing a digital mindset; faster & more agile than oldpub
But almost all newpub folks are unwittingly hauling some major oldpub baggage ...
... You see lots of tweets from newpub throwing shade @ the tortured author stereotype; they know 'author' is a job

What everybody in newpub has missed for years is that 'author' isn't a job

It's an interlocking set of skills ...
... Hear me out

I've been writing seriously for 12 yrs. I've made a living from it for 5

Keeping the lights on means not just writing, but editing, formatting, marketing, blogging, networking; a whole bundle of skills ...
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(