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Yesterday, I sent off the final notes to the publisher. The finance textbook I started writing May 2010 is now finished--at least my part in it. They will check again, and then print some time this week. I get 10 copies, plus the final two-thirds of my payment: about $3000.
It may not sound like a lot, but it is rather validating for me. It has been four years since I started writing seriously, and for money, and this textbook represents the first major project I have completed, and the largest single payout for a project (the closest runner-up was for editing an operations manual for a company in Japan: $1000). This brings the total amount of money I've made from writing to about $6000--in four years of work.
Moral of the story? If you want to write for money--if you feel you've got it in you--you can do it. Just be aware that it will not be much money, and you probably won't be able to make a living from it for several years, depending on your situation and luck.
I started negotiating with this textbook publisher in Taiwan almost two years ago. Now, finally, we have something to show for it. After the textbook is published, they want me to write some test booklets to accompany the textbook. After that, we'll move onto the next textbook.
In the meantime, I will finish the first and second drafts of the novel. This is going slower than I had hoped, but thankfully I finished the rough draft a month ahead of schedule, so I won't panic yet. I've given myself one full year to produce something presentable to an agent and editor. Next month, once I've finished the second draft, I will start shopping for an agent.
Publishing has changed a lot since I attended university and studied writing. Now, self-publishing seems to be the way to go. But it's not the way I wish to go--at least not for this novel. All creative/philosophical interests aside, I wrote it to make money. I want to make money so that I can continue writing. I want to make money from writing so that I can get out of the mind-numbing, soul-crushing job I am in, the one that barely supports my family. So, yes, I want to sell this novel for a lot of money, while I am aware it will not, in all likelihood, be published at all. Argh. These textbooks are just an example of me making money from writing to support my other writing projects.
Once I'm finished with this blog entry and the rest of the housework, and preparing for all the lessons I will teach today, then I will go to work on finishing the first draft of chapter 15. I'm about 40% through the first draft of the novel. I keep finding so many holes that need plugging.... My initial estimate of 120,000 has been revised upwards to 140,000 words.
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