10 Years/3 Million Words

In early July I finished my 10th year of writing towards publication. Ten years ago I was in New Zealand with some downtime between consulting projects and an injured knee that led me to stop skydiving so I decided it was time to finally try to write a novel. And I did.

Took six weeks. It was awful. Glad I set it aside for another six weeks before I went back to read it so I could understand just how much work it needed. (I tend to under-write, so that novel which eventually was 90K words ended its first draft at 45K words.)

Fast forward to ten years later and I’ve now written 3 million words. Not all of that is fiction, though. About 1.2 million words of that is various non-fiction. And only 1.3 million of that is novels, the other 500K words is short stories.

I hadn’t initially planned on the self-publishing route. Even when I self-published my first non-fiction title, I still expected I’d go the trade pub route for novels.

And, who knows, I may still end up hybrid at some point. But I don’t know. I don’t have the patience it seems is required for the trade published route. The idea that it’s acceptable in the industry for you to submit a query to an agent and wait a year for them to respond just floors me.

And the idea of having someone that non-responsive handle my business interests goes against everything I ever learned in the corporate world. If I am paying them a fee to sell my product, you’d think I’d have more standing with them than it seems most authors do with their agents.

Plus, I’m a control freak. I was recently negotiating a potential publishing contract for non-fiction with a decent publisher I’d be willing to work with, but the clause where they get all my rights and then can enter into any contract on my behalf without any input from me just stops me cold each time. That’s my name and reputation, you’d think I could have a veto on a disastrous contract.

So I don’t know. We’ll see. There are definitely opportunities that I don’t have access to as myself that I would through a publisher, but I’m not sure I’ll ever be able to negotiate a contract that makes it work for both me and them.

Which leaves me with the self-publishing. I love the freedom to do what I want when I want. And the flexibility to write the stories I want how I want to write them. But those are probably also my biggest dangers with self-publishing, too. Because I don’t do what you need to do to succeed even when I know at least one of the formulas.

(Write in a series that appeals to readers, release on a consistent and regular schedule, brand well for the genre.)

I’ve been lucky. Despite my writing whatever whenever and self-editing and mostly doing my own covers I’m still closing in on a quarter million dollars in revenue and have made over six figures in profit at this point with just about 70,000 paid sales across all my titles.

It’s a lot more than many authors manage. But it’s also piddling compared to some of the others I know who “do it right” and I’m self-aware enough to realize that if I worked longer hours and with more focus that I could probably have done exponentially better. (Because publishing is one of those industries that is very much winner-takes-all. The top titles do very, very well while the majority of titles sell next to nothing.)

Across those ten years I only spent 3,100 hours writing and editing. (Compare that to when I was a full-time consultant and probably worked 60 hour weeks which with 50 weeks a year of work over ten years would’ve come out to 30,000 hours spent working. Obviously there was some administrative time in there for the consulting and the writing and editing is not all I do on the publishing side, but I definitely am nowhere close to working as hard as I did as a full-time consultant.)

So what to do now? Keep going? My profit has gone up every year so there’s indication that if I keep writing and publishing I can keep growing that profit.

Try to focus and do it “right” this time using everything I now know? Even though I’ve done better in non-fiction I’m still firmly convinced that fiction is where the true upside potential lies.

Or step back, let writing be what I do when I have downtime, and take the easier route and pursue consulting again? I’m not one of those people who must write or I’ll die. I’m certainly not one of those people who must publish. And for hour of effort put in the consulting is going to be more financially rewarding 99 times out of 100 for me.

I don’t know. It’s not a simple question. I’ve never been one of those people who wanted one thing in life. And the things I do want–time to read and spend with my dog, family, and friends–can’t be the number one priority or I’ll eventually lose them.

I could spend two years just hanging out reading and walking my dog, but then I’d be broke and two years further away from any skills that would let me not be broke, right? So it’s always a balancing act. And sometimes the repercussions of those choices can’t be seen for years. There are life paths that you step off of that are almost impossible to step back onto later.

But I digress. Anyway. Ten years in. Not bad, not great. No regrets for spending the last decade of my life the way I have, but not sure if I’ll spend the next ten years the same way.

(Actually, I know myself. There’s no chance the next ten years will be like the last ten even if I do keep my focus on the writing. I am simply not one of those people who settles in.)

Author: M.L. Humphrey

M.L. Humphrey is a former securities regulator, registered stockbroker (although only briefly), and consultant on regulatory and risk-related matters for large financial institutions with expertise in the areas of anti-money laundering regulation, mutual funds, and credit rating agencies. Since 2013 M.L. has also been a published author under a variety of pen names and across a variety of subjects and genres. You can contact M.L. at mlhumphreywriter [at] gmail.com.

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