Typically, an author can expect to receive the following royalties: Hardback edition: 10% of the retail price on the first 5,000 copies; 12.5% for the next 5,000 copies sold, then 15% for all further copies sold.
Paperback: 8% of retail price on the first 150,000 copies sold, then 10% thereafter.
How much do authors make for a bestseller?
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 royalty do authors get in India?
At 7.5%, an author gets Rs15 for every book sold (at an MRP of Rs 200). For a Rs 100 book, the Royalty is Rs 7.5 a book. Royalties above 12.5% are very rare, a few successful ones even manage to get upto 20% as Royalty. But those are the ones who sell upwards of 75000 copies per book.
How long are royalties paid on books?
It is crucial that you keep a check on when payments are due. At least one educational publisher pays royalties twice a year for old contracts and only once a year for new ones. If royalties can be paid twice a year on some books, they can be paid twice a year on all books.
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.