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How Much Do Authors Really Earn?

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Million-Dollar-Question

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“It doesn’t help authors to say that 70% of the book market is in print if only a small fraction of that money ends up in authors’ pockets.  What we want to see is the combined effect of royalty rate, sales volume, and sale price.  These three factors combine to give us a true picture of comparative earnings, as shown in our pie charts” says Hugh Howey, founder of Author Earnings.
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A Fantastic Report About Author Earnings
He explains: “Sports stars, musicians, actors— their salaries are often discussed.  This is less true for authors, and it creates unrealistic expectations for those who pursue writing as a career.  Now with every writer needing to choose between self-publishing and submitting to traditional publishers, the decision gets even more difficult. Online Book Retailers, such as Barnes&Noble or Amazon don’t share their e-book sales figures.”
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Website for Authors, by Authors
Author Earnings, a website by authors and for authors looks at independent authors, small/medium publishers, Amazon published, Big Five published and uncategorized Single-Authors.  All the pie-charts on Author Earnings are divided into all the types of publishing.  The purpose is to gather and share information so that writers can make informed decisions.  Another mission is to call for change within the publishing community, for better pay and fairer terms in all contracts. 

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Some of the Findings

• Big-5 publishers are massively reliant on their most established authors – for 63% of their e-book revenue.
• Roughly 46% of traditional publishing’s fiction book dollars are coming from e-books.
• In absolute numbers, more self-published authors are earning a living wage today than Big-5 authors.
• Readers are interested in both: the quality of a book and the price
• Very few authors who debut with major publishers make enough money to earn a living—and modern advances don’t help.
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Publishing in Print or Digital – or Both?
Author Earnings:
“How much money is being spent on print overall and how much on Amazon’s digital storefront?  Before we got to money, we looked at actual unit sales, which came out to be 61% digital and 39% print.  That’s a total different picture, comparing versions at a retailer that sells both: ebooks and print books.”
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These, so far, nine extensive reports – chock-full with charts, explanations and publishing tips – are a valuable resource for every author.  Here is the latest from October 2014:  Author Earnings.

Another question: Why should you have a print book and not the digital version only?  In a former blog post we gave you all the reasons to offer both: e-book and print. Check these reasons if they are valid for you too.

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,100 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.

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Top Earnings of Genre Books

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Road-to-Success

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Hugh Howey wrote a fantastic report about author earnings. He explains: “Sports stars, musicians, actors— their salaries are often discussed. This is less true for authors, and it creates unrealistic expectations for those who pursue writing as a career.  Now with every writer needing to choose between self-publishing and submitting to traditional publishers, the decision gets even more difficult. Online Book Retailers, such as Amazon and Barnes & Noble don’t share their e-book sales figures.”
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How Bestsellers are “Made”
We wrote several times in our former blogs about book statistics by Nielsen, who are counting only books from bookstore chains, large independent bookstore, mass markets – but not from online retailers, such as Amazon. We also explained how New York Times Bestsellers are “made
“ResultSource, a San Diego-based marketing consultancy, specializes in getting books onto bestseller lists, according to The Wall Street Journal. For clients willing to pay enough, it will even guarantee a No. 1 spot. It does this by taking bulk sales and breaking them up into more organic-looking individual purchases, defeating safeguards that are supposed to make it impossible to “buy” bestseller status.” Read the whole Forbes article by Jeff Bercovici.
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The 7K Report
Hugh Howey has lots of statistics on his elaborate blog http://authorearnings.com/the-report/
He is friends with an author who has advanced coding skills and who had created a software program that can crawl online bestseller lists and work with fast amounts of data. All of this data is public—it’s online for anyone to see—but until now it has been extremely difficult to gather, aggregate, and organize it.

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Excerpts of Statistics and Findings on Hugh Howey’s Report:
“The bestseller lists used were Mystery/Thriller, Science Fiction/Fantasy, and Romance. It turns out that 86% of the top 2,500 genre fiction bestsellers in the overall Amazon store are e-books. At the top of the charts, the dominance of e-books is even more extreme. 92% of the Top-100 best-selling books in these genres are e-books! Indie and small-publisher titles dominate the bestselling genres on Amazon. Indie authors are earning nearly half the total author revenue from genre fiction sales on Amazon.”
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“Self-publishing is not a gold rush. It isn’t a get-rich-quick scheme. There are no short cuts, just a lot of effort and a lot of luck. Those who do well often work ludicrous hours in order to publish several books a year. They do this while working day jobs until they no longer need day jobs. This is also true of the writers earning hundreds or even thousands a month. However, authors are claiming to making more money now with self-publishing than they made in decades with traditional publishers, often with the same books. Read the whole report on author earnings at Hugh Howey’s blog.”

More Resources:

http://kdpcalculator.com/

http://www.theresaragan.com/2013/06/sales-ranking-chart.html

http://www.courtneymilan.com/ramblings/2013/08/19/know-what-your-rights-are-worth/

http://www.forbes.com/sites/jeffbercovici/2013/02/22/heres-how-you-buy-your-way-onto-the-new-york-times-bestsellers-list/

http://www.kboards.com/index.php/topic,134236.0.html

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If you would like to get more support in all things publishing, have your book intensively promoted and learn how to navigate social media sites – or to learn how you can make yourself a name as an author through content writing: We offer all this and more for only $179 for three months – or less than $2 per day! Learn more about this customized Online Seminar / Consulting for writers: http://www.111Publishing.com/Seminars

Please check out all previous posts of this blog (there are more than 1,030 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Facebook, Tumblr and StumpleUpon.
Thanks a lot for following:

@111publishing
http://www.111publishing.com
http://www.e-Book-PR.com/
http://www.international-ebooks.com/
http://bit.ly/VmtVAS 111Publishing @ Google+

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Posted by on March 14, 2014 in Marketing, Self-Publishing

 

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How to Become a Self-Publisher – Step-by-Step Explained

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Dear Reader:
This weeks blog posts will be dedicated to one subject only: REAL Self-Publishing.
Keeping all your 
rights, being your own publisher, play by your own rules… During the last weeks you found quite a few articles here on this blog, related to “Author Beware!” What could happen if you contract with so -called “publishers”.
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Now I will show you HOW you can become a publisher yourself, without contracting, and how you
can publish on your own terms. And it is not theoretical: I began as a publisher of books and an
aviation magazine almost 30 years ago (print) and still do it (print and digital). I also have seen many authors giving the rights to their fabulous work away for a pittance and now are trapped their whole life in very unfavorable contracts.
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Why should you be your own publisher?
Consulting and coaching authors, I can see every day how difficult it is for authors when they don’t own full rights to their books, even their own book marketing efforts are limited and they have to rely on the mercy of their “publishers” where their books are sold, how long their book is listed, to which price it is listed etc. I know an author who is waiting for more than two years that her books are converted into e-books by her publisher.
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Being your own publisher

  • it costs less than you think to publish
  • you “shop around”, check quotes and decide your service providers
  • you earn 100% of your net income, don’t have to split it with anyone else
  • your book will be faster on the market, compared to traditional publishing
  • you retain all rights, worldwide and forever for your books
  • you can sell your book as long as you want – not as someone else dictates
  • everything in the publishing process can be easily learned
  • you will have to do your own marketing – no matter if you self-publish or go the traditional route
  • author-publishing is about taking personal responsibility for the management and production of your writing content
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Listen to the interview with Hugh Howey,  author of “WOOL” where he explains the benefits of being an author-publisher of his (digital rights) e-books: “No compete clause, having more time to write and you can take your time until your books take off.”
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James Altucher, another bestseller author wrote in an article about self-publishing:
“I have published eight books in the past seven years, five with traditional publishers (Wiley, Penguin, HarperCollins), one comic book, and the last two I have self-published. In this post I give the specific details of all of my sales numbers and advances with the traditional publishers. Although the jury is still out on my self-published books, “How to be the Luckiest Man Alive” and “I Was Blind But Now I See” I can tell you, these two have already sold more than my five books with traditional publishers, combined.”
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James Altucher lists the con-site of going the traditional route:

  • Advances are going to zero
  • Marketing by trade publishers is almost zero
  • Grueling long process until the book comes out
  • No control over content and design

… and most amazing: “Often bookstores will look at what’s hot on Amazon and then order the books wholesale from the publishers” – which could be you!
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Do as most authors did before the 1920’s: they published their own books – before clever business men discovered this as a lucrative way of income. And told writers in the past “no self-respecting writer would self-publish. It’s for losers who couldn’t get their work published by a publishing house.” Why? To get the book rights and make the money – on the expense of authors.
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It seems self-publishers approach the publishing process more and more confidently, are well-informed, and aware of how much publishing will cost and how long it is likely to take. Finalizing a project you have long planned feels good, and it never was easier to be your own publisher!
This morning the British Guardian had an article, geared to traditional publishers, who are flocking to the London Book Fair,  about the cultural significance what’s going on in the publishing world.

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Read in the next blog posts:

  • How to plan your publishing “business”
  • Where to find all the necessary information – with lots of links
  • Editing, cover design and book layout
  • Printing and the distribution of your printed book
  • Marketing, communication with readers and book promotions

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If you would like to get help in all things publishing, have your book heavily promoted and learn how to navigate social media sites: We offer all this and more for only a “token” of $1 / day for 3 months. Learn more about this individual book marketing help: http://www.111Publishing.com/seminar

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If you enjoyed this blog post, please feel free to check out all previous posts of this blog (there are more than 710 of them : ) if you haven’t already. Why not sign up to receive them regularly by email? Just click on “Follow” in the upper line on each page – and then on “LIKE” next to it. There is also the “SHARE” button underneath each article where you can submit the article to Pinterest, Google+, Twitter, Chime.in, Facebook, Tumblr and StumpleUpon.

Thanks a lot for following:

@111publishing

http://on.fb.me/TvqDaK
http://bit.ly/VmtVAS 111Publishing @ Google+

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