PART 2
*TF on only writing it if it consumes you. Without a doubt. My second book, I had the idea, wrote a proposal, sent it to a few places, got rejected. Three years later I revisited the idea because I had never stopped thinking about it. Reworked proposal a bit, sold it. It was my dream book to write. The only problem with that: I've had other ideas since but nothing that has consumed me as much. So I think I'm going to have to accept that I won't enjoy the next book as much. And that makes me think,well, maybe you shouldn't do another one then, if it isn't going to consume me like that. But...I loved writing both books so much, I think I will give it another go. Even if it won't mean as much to me as the second one did.
* Random thought.
@Azrael's line about the New Yorker's prices staying the same: It's amazing reading memoirs from old New Yorker writers or books about its history and seeing how little the writers were paid during the William Shawn days. I realize NYC wasn't as expensive to live in then, but good god.
* Nonfiction advances. Six figures with NY publisher definitely possible, desirable. But again it's going to be partly related to the market and to who you are. If you're a bigger name, it's easier to get that money. If you're a first-time author, it's going to be tougher. The sports market is a different beast. The top guys are probably still getting good money but otherwise it can be tough out there. I heard of someone getting like $80,000 less than a decade ago for a sports bio. Got about 10,000 for his next one after the publisher turned down the option and he had to go to a smaller publisher. But it was an idea he loved, he had enough other income to make it work, and he wanted it to be a book so he took the deal.
* Your sales of your first book will matter. If your book doesn't sell, it's going to be harder to get a second one. Sucks, but that's the way it is. In this way, it can sometimes be better to be a debut author in fiction. You can be the hot new thing, or at least lukewarm. You don't have a track record that the bookstores will hold against your publisher. Lots of agents LOVE debuts because there's so much potential there.
* Ghostwriting can be a great career. I have a friend who's been a full-time ghost for 20 years. Supports his family, they travel, have great house. He writes for politicians and sometimes just normal people with big bucks who want their story told and don't even care if it's with a traditional publisher. There are some ghostwriting companies you can get involved with, who can play middle man for you, handle some of the negotiations, and will connect you with good subjects.
*You're not limited by anything when it comes to writing. Most of us here, as journalists or former journalists, probably naturally drift to nonfiction. But you can write anything. Literary fiction: Az pretty much covered that. Yeah, you can get decent advance but....; YA: Lots of great money in YA, or....advances for 5,000. Same thing with Middle Grade. Maybe you have a great picture book idea (sometimes the editing on those can be more frustrating than a 100,000 word novel); Romance: Romance always seems to survive and a few years ago it was thriving. Horror's very hard to sell because there just aren't a lot of places for it. Erotic romance has plummeted. (but cue up William Goldman here for any industry, including this one; nobody knows anything. any genre could rebound tomorrow, whether Dystopian or erotic). Thrillers and mysteries. Doesn't everyone want to write one of these? God darn it, I do. Find a great character, become a best-seller, turn him into the next Jack Reacher with a book a year, or the next Baldacci with three or four different series running. My father-in-law asks me why I don't write one and it's like, well, I could write one. Would anyone want to buy it? Would anyone want to read it? Those guys are so forking talented (I saw Lee Child give a talk once and he said that when thriller writers get criticized, he likes to say that a great thriller writer will have an easier time writing a great literary novel than a literary novelist would have writing a great thriller. Who knows if true, but I sort of agreed with him. Lee Child also had such a great origin story; losing his job, figuring out how to support his family, creating Reacher, the rest is history). Then again, ink-stained wretches have made it big, from Michael Connelly to John Sandford. From newspapers to the top of the bestseller lists. So write that thriller with the hard-boiled detective or the PI who's unlucky in love and life.
* Self-publishing, it's tougher to break out these days. Way too much supply. And, in a way, Kindles are full now (not literally). People filled up but there's always new things coming out. Reading lists get so big, they become more picky in adding to it. But yeah it can still be done. And there are authors who are traditionally published who will still occasionally dabble in self-publishing, if it's something they can't sell to NY and the agent is fine with them self-publishing or it's a pashion project or if it's just a good book that for whatever reason the publisher doesn't want. If you've explored all options, it can be a great way to get it out there. Sometimes it's also better than a bad deal with a publisher and you end up doing better.
* Everyone wants to be a writer. Everyone. My wife will get a query and reject it and I'm in mourning for the person (my fellow writer heart bleeds) and she'll be like, he's a brain surgeon, he'll be okay. And I'll say, don't you see, that makes it even *more* tragic and poignant. He's at the top of the world, the best of the best, but his dream, the thing he wants more than anything, is to be a writer.
All this said, there are so many variables in the biz, you have a million paths to writing a book. Good luck.