Business and Writing…
We offer a business workshop online at WMG Publishing. It’s for writers who want to actually handle their writing business correctly and know where to find the right advice to make money with their writing.
And more importantly, the workshop helps writers know what is even possible in the business of writing.
It has always been stunning to me how writers flat don’t want to learn business. And when I noticed that the December business online workshop had no one signed up, (zip, zero, zilch) I just laughed. I knew that workshop would soon be dead when we first did it.
Why did I know that? Because very few writers want to actually understand business.
The only worse class I can think of teaching would be a copyright class. Writers really, really, really don’t want to learn copyright. But both Kris and I thought a no-holds barred business class would be worth the try.
Like many of our classes, the business workshop is an awareness workshop. Most writers aren’t even aware of most things we talk about in this workshop.
Yet these same writers will spend days, months, weeks, learning how to promote a book, then when money starts coming in the writer handles the money so poorly that the writer ends up giving more than half of it away.
And the writer will never understand that they can do other things with that money to help their writing and their communities.
But why learn how to keep your money, spend your money in ways that will benefit your writing instead of hurt your writing? Nope, too much trouble.
However, when you get with long-term writers who know business, most of the conversations are about business. Not promotion, not writing, not craft, but business.
The reason? Because long-term writers are the ones who have come to understand that knowing business is the only way to actually make it in publishing.
For most of us long term writers, we have made business fun. We have turned it into a big game. We follow the rules. We know the rules of business, understand the rules and how to use them. The game is in the use of the rules.
Like the rule of material participation with accounts receivable in a corporation. Great fun.
So even if you don’t decide to take a workshop from WMG Publishing, go start learning business. It will make you far more money in the long run than any promotion will now.
Just understanding the concept of cash streams alone will make you a ton.
And careful on where you get advice. For example, if you have an accountant who is telling you to get an LLC for your writing business, run, do not walk from that idiocy. Both you and your accountant do not understand the structure and lack of value of an LLC for a writing business.
And if you have no idea what I even said about material participation, cash streams, and LLC, oh, oh…