Prioritizing an income producing series

It’s come to my attention after a bit of back of the napkin math this evening that I’ve been giving lip service to the idea of prioritizing my income producing series while I’ve been avoiding just that thing.

That back of the napkin math has shown me the error of my ways.

If I focus on writing only my income producing series instead of trying to fit in all the other series I have going (I have five!), I can earn more money with 1/3 of the writing in the next five months. Basically, I can earn more money with 3 new books than I can earn with 6, because of how significant the difference in earnings is between the books in the various series and because I would have fewer books released in my income producing series. (I realize this looks like I did my math wrong, but it has to do with the length of the books and how much I still need to write for each one. In the one scenario, it’s 80,000 words a month, in the other it’s 25,000–30,000 words a month. There were also some other books in there that I love writing but that just don’t earn.)

It was an eye opener for sure.

I have a lot of resistance to the notion of putting all my writing effort toward my one series, but I’ve come up with a mental shift that I think will make it work for me.

  • I’ll have deadlines for the books in the income producing series, but I won’t have deadlines for the other books.
  • I’ll always work on the books in the income producing series first every day, with an eye toward keeping myself on track to finish by my deadline (one book every two months).
  • If I am on track or ahead of pace, then I can devote leftover scheduled writing time to working on whatever book I want in those other series.
  • I’m going to start taking one to two days a week off the writing schedule, based on how I’m staying on pace to finish my latest book in my income producing series.
  • I won’t take off more days than that on a regular basis, even if I am getting ahead on those books. The extra writing time can go toward those books that don’t have deadlines.

The reason I’ve had misgivings about this in the past and the reason I continue to feel weird about it is that the only real way to know if I could earn more money with the books in the other series is if I could put out the books considerably faster than I’ve been putting them out. I would have to put off writing the books in the income producing series so I can devote more time to writing all these other books, but the risk associated with that is just too great. I kind of like having enough money to pay my bills. :D

If I continue to make progress on sticking to my schedule, I should be writing more than enough words to meet my deadlines for the income producing books and get some of the other books written and start having a few days a week off if that’s what I want. (Today was a rest day because I haven’t been feeling well since yesterday, so no guilt for not writing.)