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A touch of reality for self-published authors

I started this discussion on PublishedAuthors and thought authors here might be interested in reading this article:

In the world of self-publishing, authors tend to have unrealistic expectations so it comes as a refreshing change to read about the financial difficulties facing self-published authors written by someone with experience in banking.

I found this "Handling Your Finances – Lessons from an Author in Transition by Lynnette Khalfani" very informative and helpful:

http://reviews.aalbc.com/handling_your_finances.htm

If you ever thought that receiving an advance for a three book deal would solve all your financial problems -- think again!

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*bump*
Thanks for sharing Shelagh, I got it on the other forum, but like you note, authors here might be interested.

"bump"

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Director and Editor: Bauu Institute and Press
Editor: Indigenous People's Issues Today
Publisher: New Great Books
That was an interesting article. Thanks for posting.
I'm sure some self-published authors have felt this same way - get the book out there and it will sell. Wish that were true. As a self-published author who has probably tried almost everything ever written about selling your book, I can testify that "it ain't necessarily so". Still, I keep thinking that there should be something out there that will spark success in some measure.

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