52 Comments
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Kathleen Schmidt's avatar

My MBA professors would be so happy to see that you consider me The Analyst. Thanks for the shoutout!

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Leigh Stein's avatar

you do it so well! 😊

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Patricia Zaballos's avatar

Yep, I pay for several newsletters, but in no case do I do that to “support a writer’s writing”—even though a lot of people pitch paid subscriptions that way. I have enough trouble supporting my own writing! In every instance the newsletter offers me something I value. I like to think I’m a smart cookie who could see right away that *you* were offering me something I wasn’t getting elsewhere—I didn’t need you to convince me of that. I pay for your content, Leigh, because every week I open your newsletter immediately, knowing that I’m going to learn something valuable. This week I learned I’m an Analyst! (Also, my local indie emailed to make sure I hadn’t made a mistake when I ordered nine more copies of IYSTIMFY when I’d already ordered one in April 😂)

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Leigh Stein's avatar

“I have enough trouble supporting my own writing!” 😂😂 truer words

I love this comment—thank you! You are definitely an analyst. And I’m so amused by your bookstore looking out for you…… Amazon would never

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Michelle Richmond's avatar

Agreed! I only have a handful of paid subscriptions, and Leigh's is one of them!

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Patricia Zaballos's avatar

She’s the best!

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Kathleen Donahoe's avatar

This made me think about how I love Rihanna for both 'Umbrella' AND Fenty. And I love you for your books AND your expert Substack, and your clear purpose for each makes both even better.

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Leigh Stein's avatar

flattered by the analogy lol!

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Kathleen Donahoe's avatar

look, you named it HYPE HOUSE, I’m simply following instructions

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Jenovia 🕸️'s avatar

This was great! And yay for the NYC event! Loyal reader of your books and a subscriber to this newsletter! 💥 more than worth it, C!

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Leigh Stein's avatar

aw thank you Jenovia! ❤️

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Sanibel Lazar's avatar

devoured this newsletter. the headline was 🤌🏻 tysm for sharing what you earned-- it's so interesting to see (and wow - truly something to aspire to!) We had a similar idea about sharing $$ figures (which I think people are nosy about but also the industry is so opaque) and I've been calculating what I'm earning per book in each format (audio/digital/streaming) because I suspect if you tell people "support me by purchasing the format that earns me the most" (aka not kindle/audible)and provide **actual dollar amounts**, they might care

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Leigh Stein's avatar

congrats on getting your masters back!

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Judy Archer's avatar

Thank you for the clear, transparent description of what you offer - which is valuable even though I am not a New York best selling author in your age group. You tell it how it is. That is worth a lot in this world of hype!

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Leigh Stein's avatar

to be fair, *I* am not a bestselling author in my age group

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Katrina's avatar

This is business savvy AF; a mini MBA for writers and creatives. Absolutely brilliant!

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Michelle Richmond's avatar

Speaking up here as a New York Times bestselling novelist who's also a book coach--I think many aspiring authors would be surprised that having a few bestsellers will not necessarily financially sustain an author for the long term. Back in 2012, in a lull between two bestselling novels (I had other books during those years that were not bestsellers), I began teaching writing classes online, and doing so has been an important part of how I make a living. I find that teaching on my own (I previously taught in MFA programs) allows me to take a break when I need to meet a book deadline, and it also allows me to stay in touch with other writers.

I moved my decade-plus Caffeinated Writer newsletter from Mailchimp to Substack a few years ago. Contracted writing work (screenwriting and novels) now make up about three quarters of my annual income, while teaching and book coaching comprise the rest, with a small slice earned directly through Substack subscriptions.

Most writers I know, including many bestselling authors, have multiple income streams, most often including teaching and coaching. All of us know that one bestseller doesn't guarantee that the next book will be a bestseller, and there are different levels of bestsellerdom! I appreciate your transparency about the fact that many writers make a significant portion of our income from helping other writers.

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Jackie Lightfield's avatar

I always appreciate posts like this, breaking down what the ROI is on the daily work it takes to make it in the business world. Thanks!

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Michelle Glogovac's avatar

I appreciate your transparency so much! I sat on my hands for too long and missed on Hype House (now I see there’s a waitlist, so I will get on that!). Your newsletter is also one I open religiously every Sunday and read fully through with my coffee. As you know because I will continue to yell this from every platform there is, I believe you’re a creative genius in your work, your writing…everything.

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Leigh Stein's avatar

appreciate you so much! can’t wait for our convo

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Annabel Monaghan's avatar

Is the link up for our event in CT? I blinked and it’s almost August

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Leigh Stein's avatar

I know! I’m waiting…….

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Annabel Monaghan's avatar

What if there was tarot card reader there?

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Leigh Stein's avatar

at Athena?

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Annabel Monaghan's avatar

Yes, just me having a crazy idea

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Cassandra Powers's avatar

As always, your transparency is so appreciated!

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Carey Calvert's avatar

You are so awesome ... signed, "loyal reader since breakout success of Self Care."

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Leigh Stein's avatar

Carey!! ❤️

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Cristina Cala's avatar

OK I’m not loving C.’s tone. But I always love your newsletters (and also always open them)!!

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Leigh Stein's avatar

will DM you

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Simon Philip's avatar

This is a great post, and I really appreciate your transparency here, Leigh. Thanks so much for sharing!

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Emma Benshoff's avatar

Loved how you explained this, Leigh!

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