How Much Do Authors Get Paid For Their First Book?

On average, traditional publishers pay authors around $1.25 per book in royalties.

So if your book sells for $20, you earn just over a buck.

You don’t have to be a mathematician to know that you have to sell a ton of books to actually make decent revenues with a traditional publisher.

How much do novelists make per book?

According to the Bureau of Labor Statistics, as of 2010 writers and authors earned a median salary of $55,420 per year, or $26.64 per hour. These numbers are for freelance writers and authors of books, though, and novelist income is harder to pin down because usually, income depends on book sales and contracts.

How much do bestselling authors make per book?

Average Novelist Salary

With a 10 percent royalty, an author who writes a book that costs $10 and sells 20,000 copies makes $20,000. In reality, most books sell fewer than 5,000 copies.

How much does Stephen King make per book?

Stephen King has published 57 novels, all of them bestsellers. He has sold more than 350 million copies of his works. According to Forbes, he earns approximately $40 million per year, making him one of the richest writers in the world.

How much do authors make from book sales?

A typical book author barely makes more than minimum wage. You receive an advance and 10% royalties on net profit from each book. If your book retails at $25 per copy, you would need to sell at least 4,000 copies to break even on a $5,000 advance.