Wednesday, 28 January 2015

Depressing news for authors

There’s a new survey out and it tells depressing news. 
Almost 50% of writers are not happy with their earnings. 

A third make less than $500 (£329) a year. It also shows that “the old way of doing things continues to reap the most financial rewards for writers.” 

Traditionally published authors make an average of $3,000–$4,999 (£1,976- £3,292) a year. 

Independent writers make $500–$999 (£329-£658). 

Those who use both ways – earned $7,500–$9,999 (£4,941- £6,587) a year.

Almost 10% earned $100,000 (£65,874) or more, with 4.1% earning $250,000 (£164,681) plus. At the other end of the scale, 50% of writers earned $1,000– $2,999 (£658- £1,976) or less this year.
(That's converting dollars to sterling at today's exchange rates. It always sounds so much more  in dollars!)

The survey claims Independent authors like doing things on their own terms. “I know that if my book doesn’t sell today, there’s more I can do to promote it tomorrow, or maybe it will see a boost when my next book comes out.”

Traditionally published authors on the other hand are willing to give up their rights for royalties, like the fact that the publisher takes all risks and think a publisher can do more than they could themselves.

If you want to read Alison Flood's article in full, here's the link ~  http://www.theguardian.com/books/2015/jan/23/authors-earnings-fall-350pa-survey

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