FishbowlNY FishbowlDC LostRemote InsideMobileApps InsideSocialGames TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Most Authors Make Less Than $1,000 a Year: DBW

chartThe majority of authors make less than $1,000 a year, according to a new report from Digital Book World. Almost 80% of self-published authors and more than half of traditionally published authors earn less than $1,000 a year, according to the report. A little more than 40 percent of hybrid authors (both traditionally published and self-published) made less than $1,000 a year and not surprisingly 90 percent of the aspiring authors made nothing.

For the report, “What Advantages Do Traditional Publishers Offer Authors: A Comparison of Traditional and Indie Publishing from the Authors’ Perspective,” Digital Book World interviewed almost 10,000 traditionally published authors,self-published authors, authors who are both traditionally published and self-published, along with aspiring authors.

The research revealed that only 10 percent of traditionally published authors made more than $20,000 a year and 5 percent of self-published authors made more than $20,000 a year.

dbwslide

Mediabistro Course

Memoir Writing

Memoir WritingStarting January 7, work with a published memoir writer to tell and sell the story of your life! In this course, Wendy Dale will teach you how to create your story around a marketable premise, hone your narrative voice, write a memoir with a solid structure, and sell your memoir before you've even finished writing it. Register now!