If you’re a writer, and if you’re intelligent enough to have embraced indie publishing, you want as many streams of income as possible off everything you write.
If you aren’t a writer, you can stop reading now.
If you are a writer, but you’re still pursuing an agent and/or a traditional publisher so THEY can make all the money off various streams of income, please stop reading now.
Anyone else, keep reading. For the rest of you, for at least a limited time, I’m offering to answer any questions any of you have regarding getting revenue from your stories, short or long.
The only prerequisites are that you’ve read this topic in its entirety, and that you have downloaded and read the free resources I offer over at http://HarveyStanbrough.com/downloads/.
The Essentials of Digital Publishing
Quick Guide to Self-Publishing & FAQs
Heinlein’s Business Habits For Writers (Heinlein’s Rules), Annotated
I also recommend you read and study my posts on MS Word for Writers. You can find those at http://harveystanbrough.com/microsoft-word-for-writers/ and they’re all free. Read them especiallly if you’re still using the Tab bar or the spacebar to indent paragraphs.
Basically, getting multiple streams of income first relies on making your work available in as many different venues as possible.
If you “publish” exclusively with Amazon or anyone else, you can’t do that. In fact, if you publish exclusively with Amazon, you aren’t even allowed, legally, to post your short story or novel on your own website.
So that’s the first lesson. Go wide.
I recommend distributing everything you write to Amazon and to Draft2Digital.
Smashwords also is a good distributor that will get you into a lot more minor venues, but I’ve never made a sale (since 2011) in any of those venues. So personally I don’t allot any of my time to uploading my work to Smashwords.
Once you’ve settled on distributors, you can shift into the second level of building multiple streams of income.
Collect your short stories. Collect your novels. Period.
When I have written ten short stories, I automatically have 10 new streams of income.
If I make those stories available (through D2D and Amazon) in nine venues, that means I’ve just created 90 individual new streams of income.
If I also collect those stories in two 5-story collections and one 10-story collection, I’ve just created three more streams of income. Times the same nine venues.
So now, having written 10 short stories, I can received income from 117 different streams of revenue.
Later, there’s no law that says you can’t combine two, three or four 10-story collections into one omnibus collection either. More streams of income.
Of course, you can also group your novels. You can sell the first five books in a series in one book. You can sell the last five books in a series in another book. And you can sell all ten books in a single book.
Again, from having written 10 novels, you’re now bringing in revenue from 117 different streams.
Every time you find a new way to present your work, you create a new stream of income that is multiplied by the number of venues in which you offer that work for sale.
That’s also why I use and recommend BundleRabbit. When your work catches the attention of a curator there and he or she bundles it, you’ve just created yet one more stream of income.
Try it. The math isn’t as difficult as it seems.
And those trickling little streams of income all flow into the same river that feeds your bank account. It really is that easy.
Any questions or comments, please add them below or email me directly at firstname.lastname@example.org.
‘Til next time, happy writing!