Writing as business

Sunk costs and opportunity costs for writers

This entry was posted in Writing Writing as business and tagged business economics writing on by

Economics is more personal than most people realize. Every choice about how to allocate your resources is an economic decision, and time is your most basic resource as a writer. You expend time on your work in order to get income. Sometimes you know exactly what you’re going to do today and what you’ll get in return. A lot of the time you face choices. Which of your customers should get your attention first? Should you put them aside for a while and look for new income opportunities? Should you keep working on a time-consuming project or give it up as a lost cause?

Two economic concepts are useful in making these decisions: sunk cost and opportunity cost.
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An assault in Congress on freelance writers

This entry was posted in Commentary Writing Writing as business and tagged law liberty writing on by

Previously I’d written about California’s AB-5, which put heavy restrictions on the number of articles freelance writers could sell. That was ultimately amended, after some major companies stopped using freelancers.

A bill now in Congress is raising similar concerns. It’s different from AB-5 in important respects but is still disturbing. The “PRO Act” has passed the House of Representatives and gone to the Senate. It would require clients to treat freelance writers as employees, but only in certain respects. To be exempt, writers would have to pass all three requirements of the “ABC test”:
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Alert to writers who use Audible

This entry was posted in Writing as business and tagged Amazon Audible audiobook on by

An article on File 770 reports that Audible has been encouraging readers to return audiobooks for refunds. They can return them as much as a year later, after reading the entire book. Surely it should take less time and reading than that to decided that you hate a book and wish you hadn’t spent the money on it.

The return counts as a revoked sale. The author gets no royalties, even though the reader got a year’s worth of use out of the book.
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California governor signs bill exempting freelance writers from AB-5

This entry was posted in Writing Writing as business and tagged business California writing on by

Governor Gavin Newsom of California has signed a bill exempting freelance writers and some other businesses from the draconian restrictions which state bill AB-5 had placed on contract work. Previously, AB-5 had limited writers to 35 articles a year to the same customer. That made it impossible, for instance, to contract for a weekly column.

California may be an insane place, but sanity prevails now and then.