The average self-published author makes around $1,000 per year according to The Guardian.
That’s including many authors that have multiple books and a huge list of fans.
In fact, nearly a third of the authors made less than $500 a year and 90% of books sold less than 100 copies.
Can you make money self publishing a book?
Royalties from Book Sales
Book sales is the most obvious way to make money from self publishing. You will either earn royalties (from self publishing platforms such as Amazon’s Kindle Direct Publishing/KDP) or revenues (if you print, distribute and sell your book yourself).
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 do self published authors get paid?
According to data from a new survey from Digital Book World and Writer’s Digest, the median income range for self-published authors is under $5,000 and nearly 20% of self-published authors report deriving no income from their writing.
How much does an author earn per 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 money can you make from a book?
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.
Is it better to self publish or get a publisher?
Since, in short, your traditional publisher isn’t likely to market your book, you need to. In fact, if you’re a non-fiction-author-wannabe, most traditional publishers won’t take you on just because you’ve got a great idea. So self-publish and start marketing yourself and your fiction pronto.