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Edited on Sat Jun-30-07 11:36 AM by HamdenRice
But it's only in one tiny part of the market, and only the people at the top of the market make the money. The people who make money write "literary fiction" -- the kind of fiction published by the New Yorker, Harpers and Atlantic. The New Yorker is famous for paying enough per published short story that New Yorker short story writers have actually made decent livings. Moreover, as the market has changed, there are spin off means of making money from short story writing. Short stories published in the top commercial literary fiction market are often optioned as story ideas for movies. For example, "Brokeback Mountain" was originally a New Yorker short story by Annie Proux; The Sissy Spacek movie, "In the Bedroom," was a short story by Andre Dubus, "Killings." The short story magazine Zoetrope was founded by Francis Ford Coppola specifically to find short story material that could be turned into movies. But the hidden part of the industry is that many short story writers are paid a lot of option money for stories that are never made into movies. The film industry is so starved of ideas that they buy up the "ideas" behind short stories just to have these ideas in their "idea bank."
Also, if you can publish a piece of literary fiction in a few high end commercial publications, you are pretty much guaranteed a teaching job, an agent and an advance on a novel. Dave Eggers was pretty much a nobody when he published an excerpt from "A Heartbreaking Work of Staggering Genius" in the New Yorker and received an advance.
People who succeed at writing treat it as a creative business -- creative yes, but a business.
Also, it is much more difficult to make money writing what the industry calls "genre fiction" -- science fiction, mystery, fantasy, crime and romance. It seems like there is a huge audience for good literary fiction and few who can do it well. You can make money doing romance novels in series and there is a lottery-like chance of success in the crime/mystery market. But it's pretty much impossible to make money in science fiction and fantasy unless you are willing to write screen plays.
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