1. I've been freelancing professionally for a long time now and doing pretty well at it. But it can be a grind. Some years you're up. Other years you're down. If you're not hustling for new work, you're sunk.
2. I've made a lot of money for various people and companies. Last year, I ghostwrote a middle-grade book for an author that went on to do quite well. It got lots of publicity and ended up being adopted into the curriculum of a HUGE school district (they bought 15,000 copies in one shot). Let's just say that watching this author do promotion and rake in tens of thousands of dollars after paying me not much wasn't exactly the easiest thing in the world to stomach—even though I KNEW the deal going in and set my own price.
3. Not only is the publishing world in the midst of a revolution, I personally have learned a lot over the past two years, almost accidentally. I've learned that I like web publishing A LOT, and that I actually have a pretty natural knack for SEO. And I almost accidentally built an audience for a blog that I only started because no one in my real life could stand hearing me talk about growing tomatoes anymore.
4. I think I've finally worked my way through getting my ass handed to me in the fiction world. I still haven't heard of any writer with a story like mine—two books, serious interest and multiple rounds of revisions with top editors at two major publishers, multiple trips to acquisitions at both companies, and ultimately rejections from both companies. It's been a lot to process, raising issues that really struck at the core of my writerly being.
So I put all these things into a pot and stirred and came up with two words. You'll never guess.
Passive income.
My goal for this next year is to develop passive income sources. I've got three projects working right now all aimed at that goal.
First, I'm developing a website. Instead of working for someone else, this is my website completely. I've spent the past few months immersed in web design, writing content, and putting together the basic site. It's about growing tomatoes. My plan is to finish building the site this winter, then add a forum (because veggie gardeners are forum fanatics), then import my tomato blog onto the main site and piggyback on its audience. Ultimately, once I've got some traffic, I'll expand the site to include all kinds of gardening issues. There's lots and lots of traffic out there for gardeners, so my revenue source will be web advertising. The basic site is only about halfway done, so for now it stays under wraps. I'll announce it when it's ready.
Second, because I'm a glutton for punishment, I'm still working on a novel that I hope to finish in the first quarter and shop to traditional agents and publishers. I have a pretty good feeling about this book, but I've learned how little that means. Ultimately, though, I will write the best book I possibly can and hopefully finally knock one out of the park.
Third, I'm going to self-publish the two books that almost made it. This was a surprisingly hard decision to make, and it took me literally months to work my around to it. I've been so fixated on traditionally selling a book for so long, I just couldn't imagine a world in which I would ever self-publish anything. But the world is changing, of that there can no doubt. I can see a future when agents and publishers are ONLY interested in authors who have a proven ability to sell books on their own—it will be the fiction marketing platform of the future. I've been telling myself there is no e-book market for middle grade books for a long time, and that's been true. But I've been watching it very closely, and it's starting to change. They are starting to move now, including self-pubbed titles. If it breaks, I want to be there.
Ultimately, though, here was the truth: I have two finished, polished novels sitting in my drawer, wasting away. I have two finished, polished novels that were vetted by industry professionals—editors who had (and have) books in the top ten of the NYT best-seller list. What do I have to lose by self-publishing these titles? Literally nothing. Even the cover art will cost nothing—I'm trading an editing job for covers. It's 100 percent upside ... and perhaps more importantly, it will finally allow me to release these books into the wild. The thought that these books would never find any audience causes me much more pain than the idea that I'm selling out. I'm giving both books another quick edit, and they'll go up as soon as humanly possible.
So there it is. I didn't get kidnapped by aliens. Rather, I've been trying to get off the hamster wheel, and I'm excited about it. Deeply excited. Here's to hoping.
