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It's true that most writers never made enough to live, but many used traditional publishing as the basis for a life as 'a writer'. I've been doing that since 2004. To your advances/royalties you add bits of journalism, editing, ghost writing, whatever you can get (or want). Many writers also teach.
But each of those activities is getting more difficult nowadays, not least trad publishing itself. That's why I decided to try self-publishing this time around. I don't think ebooks are a bubble. I think potentially they provide a source of income for pro writers at a time when other streams of revenue are drying up.
Best wishes, JohnB
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