Reply to Reading Books is trending..and I'm all about it...how much money do authors make?

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Reply to "Reading Books is trending..and I'm all about it...how much money do authors make?"

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[quote=Anonymous][quote=Anonymous]It seems reading is fun again...I love it...but with sooo many books, and sooo many authors..any idea what kind of money is in this enterprise..  Just curious if anyone in the publishing industry has the intel on the writer's net income?  Where have all these authors come from and are they making banK?  Shall I hole up in an airbnb  in the woods and start typing the latest thriller on my mac? [/quote]

I've published a book. Here are some stats:

Most writers get royalties of about $1 per book. The proportion of authors who sell more than 30,000 is less than 1 percent. Advances and fellowships help a bit, but only in one chunk and typically not enough income to survive for even one year.

The vast majority of people I know who have published books also have day jobs.

One "working writer" I know writes genre fiction (thrillers), writes a book per year. He makes six figures.

I know another with two books that made the NYTimes bestseller list -- he still keeps his dayjob as a reporter.

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