what's the top price for a short story, anyway? around 3 1/2 cents a word? been a looong time since i checked any of that stuff out
Pay rates, and how much you can earn overall, depends largely on what you write and who you write it for, but you can make substantially more than 3 1/2 cents per word. On rare occasions, I sell stories for five cents per word, the minimum "professional" rate. About a fourth of my stories sell for eight to ten cents per word. My juvenile and humor stories generally sell for a quarter a word. Outdoor stories make the bulk of my output, and the usually sell for an average of fifty cents per word. On rare occasions, I've hit a dollar a word, but these are rare, and usually very short.
Markets such as The Atlantic, The New Yorker, Esquire, and Harper's pay from $2,000-$5,000 per story.
Glimmer Train pays $500 for standard submissions, a good deal more for contest entries. Zoetrope usually pays $750, and can buy a movie option for more. There are also markets here and there that pay a lot of money, but that many writers don't think of as possible places for short story submissions.
When you're being paid by the word, length matters, of course. My juveniles usually pay from $375-$500, and my outdoor stories sell for $1,000-$1,500. Mystery stories also usually bring in anywhere from $300-$500.
The trouble with trying to earn real money writing short stories is that you have to hit the top markets at least a couple of times a month to earn enough to live on, and this is tough. The competition in the short story market is unbelievable.
Reprints and anthology rights can add a good deal to your income, but writing short stories is not something you want to do if you expect a steady income.
You have to be prolific, versatile, and good, if you want to sell many short stories, and hit the well-paying markets.
I'd love to take a full year away from any form of writing except short stories, just to see how much I can make. I know, thanks to the outdoor market, I can hit $20,000 from short stories. I think $30,000 is possible, but I can't be sure without trying, and so far I haven't been able to take a full year to try.
But while these numbers seem pretty good to most, selling short stories is not reliable for most of us, and dry spells come for just about everyone.
The easiest way to earn money from writing is nonfiction. . .selling articles is a hundred times easier than selling short stories, partly because of the huge market, and partly because writing itself matters less.
And it's ever so much easier to sell a novel to a good publisher than to sell a short story to a top market.