How does an author’s first novel get financed?

I’ve decided to follow my heart and write a novel. It’s been a lifelong dream of mine, and I have an original concept that I’m trying to develop a story around.

Only problem: I need money to live. Recently, I quit my job—no sob story here…it wasn’t for me. This experience made me realize that I might not be meant for traditional jobs. I’m garbage at trades, am sick of customer service, I don’t wanna weasel my way up a corporate hierarchy, and I don’t have the genes to make money off my looks.

My question is this: How does an author’s first novel get financed? Creating this world is easily the most demanding thing I’ve EVER undertaken. Obviously, I’m not the first person who’s been in this position.

Money would be needed to feed me, pay for focus groups, editors, concept artists, and other expenses.

If anyone has any advice, please don’t hesitate to give me a shout.

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