Lin, you could be right on all counts.
But, submitting my novel, Oracle, has taught me a lot about the industry and how to produce a professional query/synopsis. This I have applied to another novel, which is actually getting both requests for samples and feedback.
Also the re-vamped version of Oracle has recently been requested by a small, but respected publisher.
I am too old and cynical to believe I am the next best thing to sliced bread

I did not begin writing to make a living, or thinking I was going to be a best seller and make a fortune, I began writing, if I am honest, to prove to myself I could actually do it. The next logical step was to see if I could sell the work I had produced. And I have sold some short stories (Taken me nearly ten years of effort to do, though during that time I nearly died and am now semi handicapped, so I plead time out for part of the ten

) Selling short stories, does not mean I could sell a novel, but I enjoy trying.
Should I stop trying? Should I stop writing? Nope, not going to do that, the writing, research, and the submitting have become part of my life, something I do for me, for my own enjoyment. (when you have a family, job and all the trimmings finding a guility pleasure that costs nothing is very hard

) Yes, I moan about it, curse it, and swear I am never going to write another word, but I always come back to the machine and do it.
I have nearly finished my current effort. (The one that has caused a lot of heart ache and soul searching at times)Maybe this will be the story people want to read. Maybe this one is well-written enough to be considered pro-calibre. Who knows, I most certainly don't. I can't judge my work in that manner and don't try too. I will send it out and see what happens.
As to paying for an edit, yes in an ideal world I would love to be able to do that. But, I can't, and to be honest I won't put myself into debt to obtain it. (And I would have too, no doubt about that. ) £500 might not be a lot of money for others, but it is to me.
(There are a lot of buts in there

)