Estimate yearly sales for storyist5/29/2023 ![]() ![]() With the marketing and PR support of a publisher behind you, these aren’t impossible numbers, but if you’re writing for a small imprint, an independent publisher, or writing on a niche topic, this is definitely something to consider before publication. To put that into perspective, to make £25,000 a year as your base salary, your book would have to sell over 26,315 copies annually. The average royalty rate from traditionally published books is between 10%-12%, so if we take the average UK RRP of £7.99 for a paperback as the base price, most authors won’t earn more than £0.96 per copy sold. In short, for every copy of your book sold, you will make a percentage of that sale. Not every published book becomes a bestseller, and depending on the genre or style of your book, you might not be targeting the right audience to make a lot of money.īeing a published author means your income relies on royalties. Getting a traditional publishing deal is the dream, but even if you’re one of the lucky ones who make it, it’s important to be realistic about how much you can hope to earn. I’ve put together the five most common ways that writers can make money, and how they can expect to be paid. One of the reasons is that there is no single, direct route to getting paid, but another is that a culture has sprung up around the very idea of money talk that risks the speaker being branded as “bragging.” It’s made the writing world fertile soil for get rich quick scams and writers severely undervaluing their creative work. The “money talk” when it comes to writing is often done in hushed tones, with conversations happening around the topic, rather than with any clear direction. How much you can make and what path you have to take to get there will look different for every author, so it’s good to have a clear plan on which will get you on the right one. If you want to build a career, there are several ways to make money as a writer. ![]() 24 March 2023 Publishing How To Make Money as a Writer ![]()
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