Perhaps the hardest thing for a spec writer to do is budget. You have to be able to project yourself far far far into the future in order for the numbers to actually add up. The majority of my contracts that are either half upfront and half upon publication (novels) or pay on print type deals. Doing so means that you’re not getting paid weekly or even monthly. It comes down to when things actually get pushed out. I am waiting for seven contracts to pay out right now. Most of that writing was done in ’24. Some was done in ’23. This is not money I can rely on, which is why the full time job remains necessary. In fact, the math I relied on in previous posts really suggests having someone who pays on a regular schedule or doing the sort of copywriting work that is still needed in this fledgling period of AI.
Work harder… not smarter? Perhaps there is some truth in flipping that dynamic as such. If I put out more writing then I have more chances to see that money come back to me sooner. Part of the issue here is working for role playing companies who tend to pay as little as 4 cents a word. Part of the issue is not working for enough different fields of writing–magazines, etc. to have the steady line of income that would be needed to make this full time work. While there is always the self-publishing route, you are definitely waiting on readers there. Amazon is not buying your work. They and others are providing a platform for that work to be moved.
I’m thinking about this as I am writing a Shadowrun novella that is not under contract and will take me a considerable number of weeks to complete. I am not, as I say, working smarter. I am following the passion (and dodging the one story I need to finish, yes). I expect to see that passion pay off if only in the satisfaction of getting the story out of my head and onto a page. It’s a life. It isn’t a living.