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.24 Oct 2017
How much does an author make per sold book?
Self-published authors can make between 40% 60% royalties on a the retail price of a single book while traditionally published authors usually make between 10%-12% royalties.20 Oct 2021
How much does JK Rowling make per book?
CNBC estimates that Rowling has earned well over $1 billion from Harry Potter book sales alone, assuming a standard 15% royalty, as well as another $50 million for her books for adults and several Potter spinoffs.2 Oct 2018
How much does the average author make on their first book?
As we can see from many authors and agents the average first time author is projected to earn around $10,000 for their new book. After you pay your agent and invest in promotion, there isn't much left over.16 Jan 2014
How much does an average new author make?
This figure can vary from $15,080 to $127,816 per year, depending on experience, the writing subject matter, contract terms and book sales.2 Mar 2021