Self-published authors make up to 70% royalties from their books, while most traditionally published authors make 5-18% royalties after “paying back” their advances. From a major publisher, such an advance is typically $5,000-$10,000 for a first-time, unknown author, more if the author is well-known.
How much does the average published author make?
Worse still, the median income for all published authors based solely on book-related activities[3] fell from $3,900 to $3,100, down 21%, while full-time traditionally published authors earned $12,400. Median income for full-time authors for all writing-related activities, however, was $20,300 in 2017, up 3% from 2013.
How much money does an author make per book?
Traditionally published authors typically get 10% - 12% royalties per book. If you self-publish, royalty rates are closer to 40% - 60% per book - but you'll need to cover the publishing costs, too. ➡️ Self-publishing offers authors more creative control.