Another Five-Figure Year And Yet…

2017 was my first five-figure year self-publishing. It was a huge milestone for me seeing as I’d only had my first $1,000 month that June. And I didn’t cross that mark until the end of October last year.

So to reach that same mark three and a half months into the new year is awesome. And even better, I’ve made more in profit this year than I did all of last year. (It’s nice to write a book people are actually looking for and want…)

I should be ecstatic. And I am. In rare moments.

But I’m not satisfied with it. It’s not enough.

There’s this part of me that fears it will never be enough. Me being me there will always be something that keeps me from just settling in and resting on my laurels, so I’ll always be striving to be better in some respect. And will occasionally throw everything out and start over (like I did when I started writing) just to have that challenge.

With the writing I tell myself I just want to get it to the point where I’m earning enough to pay all my bills, do a few little fun projects or buy a few luxury items, and put some aside enough for the down times.

(Not much to ask for is it? Except for when you actually ask what that number is and then laugh outrageously at what I think it takes to have all that.)

But I wonder if that’s true. Because if I reach that level I want to reach, I won’t be at the top. There will definitely be self-published authors who are doing orders of magnitude better than me. (I could probably reach that level with titles that never crack a ranking of 10,000 on Amazon US.)

I like being self-employed (even the consulting work) more than being an employee because I don’t have to go through all the “but why did Bob get a promotion, too” or “why does Suzie earn that when I earn this” drama. I can set my rate, work my hours, and get paid. Or I can put a book out there at my chosen list price and people will either buy it or they won’t.

But being self-published doesn’t eliminate that ability to compare yourself to others. It’s one of the most bizarrely transparent industries I’ve ever seen when it comes to income. People talk all the time about what they’ve earned. Publicly. (Myself included it seems since I’m doing so right now.) And then there are things like Data Guy’s Author Earnings reports that put it out there even more. (I love those reports, though.)

So there’s no way to live in a vacuum and just write and publish and hit your goal and not know what others are doing. I mean, I guess there is. I could just avoid all author forums, but then I’d miss out on all the industry intelligence that I’ve found so incredibly valuable.

Sigh. I don’t know. I like this industry because it’s so uncertain. And at the same time I hate this industry because it’s so uncertain.

But we have to celebrate our little victories when they occur.

So for just one little moment–I’ll give it ten seconds–I’m going to bask in this accomplishment. 10, 9, 8…

Alright. Time’s up.

Back to the grind.

Author: M.L. Humphrey

I've spent close to twenty years as a regulator and consultant in the financial services industry. I am also a former stockbroker with degrees in Economics, Anthropology, and Psychology from Stanford and an MBA from Wharton and I have self-published more than a hundred titles across non-fiction, fantasy, and romance. This website is where I tend to talk self-publishing with a small smattering of business, life, and Excel mixed in. You can reach me at mlhumphreywriter at gmail.com.

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