The Bureau of Labor Statistics found that the median salary in May 2018 for a person who classifies as a writer and author on their tax documents is 62170. As a matter of fact Amazon Kindle books priced between 299 and 999 tend to generate the most amount of sales revenue per book sold.
That said the average author spends 2000 to 5000 to publish their books and few authors earn any money.
How much can a children's book author make. Heres what the data says about childrens book authors making more than 20000year. The reality couldnt be more different. A typical book author barely makes more than minimum wage.
1 This is good news for those who suffer from writers block and dont feel they have the time or focus to put out a larger traditional book. Publishing doesnt cost me anything because I format edit and design myself but your first book will. If you earn out that advance great.
Childrens authors who choose the traditional route can expect an advance of between 1000 and 10000 for their book plus royalties for every copy that sells. But if your book doesnt earn out its advance you may be stuck with a bad track record. But a big advance could be a good news bad news deal.
Best of all you can illustrate your book online for free and save as many book projects as you want. Now you can quit your day job. You no longer need a designer an illustrator special software or a publisher because you can make your childrens book yourself with the help of our ready-made illustrations and the power of Google fonts.
Auction books are the ones that sell for the most money because the publishers vying for the book drive up the price. Books get cheaper to publish the more you learn. This does not account for all authors though since many write part-time or make much of their income through other means.
The average author with a first-time book deal can expect to receive an advance of 5000 to 15000. Most of them have been writing professional for at least six years. 0 to 5 years.
Independents pay an average of 1000 to 5000 for advances compared to the 50000 to 100000 advances that major publishes had typically paid for debut literary fiction. Royalties vary between publishers but you can expect somewhere around 5 to 7 cents on the dollar for printed books and up. Once your book is released you wont see another dime until you have earned back that advance125 at a timeuntil the advance is paid back in full.
You receive an advance and 10 royalties on net profit from each book.