via The Average Earnings of Authors | A Writer’s Path and Guest post contributed by Sara Wolf at the Blooming Twig. The Blooming Twig is an independent publishing house that also produces writing blog posts. For more information, check out the Blooming Twig and A Writer’s Path.
A big thanks to Ryan Lanz and Sara Wolf for bursting my bubble. I’m no Stephen King or J.K. Rowling, but hey, I have aspirations for my still unfinished novel. I imagined my book on the New York Times bestselling list and after selling the movie rights, visions of rolling in money. But, according to a report by the University of London, it ain’t gonna happen.
Here are the highlights of the University’s study (based on 2,500 working writers):
- 54% of traditionally published authors and 80% of self-published authors earn less than $1,000 a year.
- In 2013, 17% of authors made no money writing.
- Less than 1% of self-published and more than 5% hybrid writers earn more than $100,000 per year. (Hybrid writer -an author who utilizes both the traditional and self-publishing systems in order to retain control of her own work).
- According to award-winning author, Phillip Pullman, over the past ten years, publisher’s earnings have remained steady; writers incomes have decreased an average of 29%.
- Fiction authors make more money than non-fiction or academic writers.
- Women writers make 80% of what male writers make. (What! Who’s surprised?)
- The report summed it nicely, “It appears that writing is a profession where only a handful of successful authors make a very good living while most do not.”
There you have it; not many of us will become rich from writing. Most of us write because we love to; it’s part of who we are.
I published my first article in 1989 and the excitement I felt is hard to describe. It’s an accomplishment of which I am still very proud. That first article happened a long time ago, but each time a story or article of mine is published, I get those same feelings. There’s something special about knowing other people are reading and enjoying the words I have written.
What about you? Do you write for fame and riches? Have you earned income from your writing? Share your success. Want to read the full article? You can find it here.
Filed under: Books, Literary Agents, Publishing, Self-publishing, Writing, Writing tips Tagged: Author, Bookselling, E-book, Entrepreneur, Publishing, Research, Self-publishing, Stephen King, The New York Times Best Seller list
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