I’ll be continuing with what turns out to be a series of posts related to the publishing industry. Why? Because I’m halfway through revising my second novel and when it’s ready (whenever that may be) I intend to approach agents for that as well. Which makes me curious about an industry I want to be a part of, but know very little about.

All compliments and credits go to the original writers of every post I’ve reblogged, who researched and wrote about the subject so we can read them and learn a thing or two.

Today I draw your attention to Kristen Lamb’s Blog. Some of you might read her blog. For those of you who don’t, click on the link and spend some time there. There’re are a lot of things to read and learn from her in almost every aspect of writing and publishing.

A while back, she wrote an article about the nuts and bolts of the traditional publishing business called The Ugly Truth of Publishing & How BEST to Support Writers. Once again, I was shocked after reading it. Shows how little I know about important things. For me (and perhaps for others like me) traditional publishing meant writing a book, editing it to the best possible shape, getting an agent (oh, how glorious moment that’ll be!), and then

magic would happen and it’d eventually reach a publisher who would love it, and I’d see it on shelves of bookstores. Then I’d write another novel, and another, and I’d get paid a percentage. Simple as that. After all, once we choose to publicise our art and feel good about earning some money from it, we become entrepreneurs.

So, hands up, how many of you have actually ever wondered how a writer gets paid once you buy one of their books? Ever heard of terms like “remainder copies” or “print runs” and how they affected the writer’s wallet? I sure didn’t. I still don’t, ’cause I have a feeling this is only the tip of the iceberg.

Okay, hands up then, how many of you believed (before you started writing or met one of those strange creatures called writers) that writers make a lot of money? If not a lot, then perhaps a decent amount of it.

Almost every friend I have who knows I write has the same misconception.

Read Kristen’s post and see how things really are. It’s a long read, but you’ll learn so much from it.