The main topic of conversation lately in several of the blogs I follow is the profitability of a book. If you’re an indie author, at what point does your book become profitable?
Some writers only include their out of pocket costs. But a lot of folks want to include an hourly wage for their time spent writing the book, as if they are working in a factory making widgets. This is work-for-hire thinking.
Frankly, I don’t think an hourly wage per book is the appropriate correlation. Indie publishing is more like investing in the stock market. When you buy stocks, do you look at the time spent reading reports and studying graphs as work you should be compensated for? No, you look at the end result you want to achieve. Buy stock in Coca-Cola, Inc., today, and you’ll be looking at dividends versus the growth in value of the stocks themselves, not the time you spent on the john reading their latest annual report.
Or a better example would be a corporation’s CEO. Does he/she take a salary? In most cases, they receive a token amount, like Jeff Bezos of Amazon, who receives $86,000 annually. The bulk of their compensation comes in other forms, such as stock options, which is why Mr. Bezos is worth a few hundred million.