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rileysmama
needing a vacation..!
Member since 10/09 2162 total posts
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Spinoff to those who said they know a published author...
(a spin off of my own post)
now, in your experience, did they become wealthy after being published?
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Posted 5/20/10 8:59 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
NinaLemon
It's a boy!!!
Member since 10/07 6453 total posts
Name:
Jeannine
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Re: Spinoff to those who said they know a published author...
I didn't answer the other post, but my friend's father has published 6 or 7 books (murder-mystery stories) and he is not wealthy by any means.
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| Posted 5/20/10 9:12 PM |
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CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
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Re: Spinoff to those who said they know a published author...
My DH's friend is not wealthy.
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| Posted 5/20/10 9:13 PM |
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Celt
~~~~~~~~~~
Member since 4/08 7758 total posts
Name:
colette
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Re: Spinoff to those who said they know a published author...
Nope 
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| Posted 5/20/10 9:13 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Spinoff to those who said they know a published author...
I think that's a myth...like all people on TV are rich
in reality it's just not the case
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| Posted 5/20/10 9:13 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: Spinoff to those who said they know a published author...
No. Not wealthy at all. The contrary actually!
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| Posted 5/20/10 9:25 PM |
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Juliet
Family is Complete!
Member since 5/05 5913 total posts
Name:
Juliet
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Re: Spinoff to those who said they know a published author...
I posted on the other thread, but will post here too.
I worked for Penguin for five years. I handled a lot of contracts and author payments (among other duties). I KNOW they don't get paid. The real money actually comes from different subsidiary rights deals. The royalties is where they make the nice money (translations into various languages, movie rights, audio rights).
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| Posted 5/20/10 9:56 PM |
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tourist
Member since 5/05 10425 total posts
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Re: Spinoff to those who said they know a published author...
Not. At. All.
The authors I know are professors though--they write books for their careers, not for the money. It's not their main profession.
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| Posted 5/20/10 10:04 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
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Re: Spinoff to those who said they know a published author...
No, I don't believe so. I don't delve into her personal finances but I know she did well for herself. I wouldn't say wealthy. She is a SAHM now & still writes.
I think it was more of a huge personal accomplishment. Although her book was made into a Showtime movie.
Message edited 5/21/2010 10:14:15 AM.
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| Posted 5/21/10 10:13 AM |
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MrsFrizzle
<3
Member since 9/09 4628 total posts
Name:
Kristin
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Re: Spinoff to those who said they know a published author...
I think it's the rare few who get rich from it. Not everyone will get $1 million on their first book like Nicholas Sparks.
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| Posted 5/21/10 10:41 AM |
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Re: Spinoff to those who said they know a published author...
A close friend of my family's is Arthur Levine. He worked for Scholastic and decided to open his pwn publishing house through them. Discovered a nice story from a woman in Britain.
Harry Potter.
Ka ching ka ching for everyone involved 
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| Posted 5/21/10 1:20 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
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EMBRACING CHANGE
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Re: Spinoff to those who said they know a published author...
my cousin's book is in the process of being released, this summer. i'll keep you posted if she becomes wealthy 
which i hope she does... no one deserves all of the world's finest things than this woman
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| Posted 5/21/10 2:31 PM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: Spinoff to those who said they know a published author...
Posted by Juliet
I posted on the other thread, but will post here too.
I worked for Penguin for five years. I handled a lot of contracts and author payments (among other duties). I KNOW they don't get paid. The real money actually comes from different subsidiary rights deals. The royalties is where they make the nice money (translations into various languages, movie rights, audio rights).
I work for Penguin now! in book production. but yes..aside for the big shots like Cornwell, Clancy, etc. the real money are those other contracts and rights deals.
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| Posted 5/21/10 3:32 PM |
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Re: Spinoff to those who said they know a published author...
In my case it is people who work in my field of law. They still practice law. They are among the higher paid in my field but they're not retired to that island in the Caribbean just yet. The books come with jobs such as updates and speaking engagements.
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| Posted 5/21/10 3:58 PM |
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Juliet
Family is Complete!
Member since 5/05 5913 total posts
Name:
Juliet
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Re: Spinoff to those who said they know a published author...
Posted by lipglossjunky73
A close friend of my family's is Arthur Levine. He worked for Scholastic and decided to open his pwn publishing house through them. Discovered a nice story from a woman in Britain.
Harry Potter.
Ka ching ka ching for everyone involved
An old publishing friend works for him She is the one he sent to England one weekend to pick up revisions of one of the HP books. Walked into the office one day and was told to go home, get her passport and clothes for the weekend. It needed to be picked up in person and never leave her person
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| Posted 5/21/10 4:39 PM |
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Juliet
Family is Complete!
Member since 5/05 5913 total posts
Name:
Juliet
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Re: Spinoff to those who said they know a published author...
Posted by Peainapod
Posted by Juliet
I posted on the other thread, but will post here too.
I worked for Penguin for five years. I handled a lot of contracts and author payments (among other duties). I KNOW they don't get paid. The real money actually comes from different subsidiary rights deals. The royalties is where they make the nice money (translations into various languages, movie rights, audio rights).
I work for Penguin now! in book production. but yes..aside for the big shots like Cornwell, Clancy, etc. the real money are those other contracts and rights deals.
Adult or Juvenile? I used to work for Dutton Children's.
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| Posted 5/21/10 4:43 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
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Re: Spinoff to those who said they know a published author...
My colleague just published her first book. She has no plans to retire, but I do think she makes a nice penny now that she has been asked to speak at conferences all over the world as an expert.
She is starting her second book, but I still don't think she would retire even if she did make a lot.
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| Posted 5/21/10 5:29 PM |
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KartveliT
...
Member since 1/08 8363 total posts
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Re: Spinoff to those who said they know a published author...
I didn't see the other post, but my mother is a published author (overseas), she published 3 books of poems and short stories and no she did not become wealthy
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| Posted 5/21/10 5:31 PM |
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frosty
LIF Toddler
Member since 5/05 462 total posts
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Re: Spinoff to those who said they know a published author...
No, not at all.
My husband's first book was "self-published" through a non-profit, so all the proceeds went to the non-profit. The book sold well and did benefit the organization.
His second book was through an established publisher. The first year he did well (about $800), but since then it has gone down. If he makes about $400 a year from sales, he is lucky.
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| Posted 5/21/10 7:35 PM |
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luvsbob4603
To a healthy 2013
Member since 5/05 21840 total posts
Name:
To a brand new year to a healthier me
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Re: Spinoff to those who said they know a published author...
I have a friend who is releasing another book soon.
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| Posted 5/21/10 8:27 PM |
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