Aspiring authors often wonder how much they can expect to make from their books. While the answer to this question can vary greatly, there are some general guidelines to help new authors understand what to expect.
When it comes to traditional publishing, first-time authors can typically expect to receive an advance of between $1,000 and $10,000. Once the author has “earned out” their advance, they will then receive royalties of 5-18% of the book’s sales.
Self-published authors, on the other hand, do not receive advances. However, they can earn up to 70% of the royalties for ebook editions. This is significantly higher than what traditional authors receive, but it also requires the author to handle all aspects of the publishing process, including marketing and distribution.
In either case, the amount of money an author can make from their book will depend on a variety of factors, including the quality of the book, the number of copies sold, and the author’s ability to promote their work. It is important for authors to understand that the amount of money they make from their book may not be enough to make a living.
Ultimately, the amount of money a beginner author can make from their book will depend on a variety of factors. Traditional authors can expect to receive an advance of between $1,000 and $10,000, while self-published authors can earn up to 70% of the royalties for ebook editions. However, it is important to understand that the amount of money an author can make from their book may not be enough to make a living.