The proverbial feast or famine can strike anytime in a writing business when you’re not paying attention. Or for some writers, it may feel like famine and still more famine. Whatever the case, if you’ve hit a patch where money is running low and no new infusion of cash is on the horizon, you can feel pressed to hit the panic button.
What not to do
Well, first, hard as it may be, don’t panic. When you panic, you make rash decisions; decisions that can get you further down the hole. Another good reason not to panic is that you don’t want anyone to smell the stench of desperation on you. If they do smell it, one of two things will happen: They’ll run away from you, meaning no new business is coming from that direction. Or they’ll try to move in for the kill and get you to take on a slave-labor project. In your panic and desperation, you might take on the project that is paying way too little money, as you are just happy to have any dollar sign headed to your bank account. But then a strange thing happens when you take on a project for way too little pay: You hate the project.