For aspiring authors, the question of how much they can expect to make from their books is a common one. Fortunately, there are a few ways to answer this question.
When it comes to traditional publishing, first-time authors can expect to receive an advance of $1,000-$10,000. This advance is typically paid out in installments and is meant to cover the author’s costs associated with writing and publishing the book. Once the author has earned out their advance, they will then receive royalties of 5-18% of the book’s sales.
For authors who choose to self-publish, the process is slightly different. Self-published authors do not receive advances, but they can earn up to 70% of the book’s sales in royalties. This is because they are responsible for all of the costs associated with writing and publishing the book, such as editing, cover design, and marketing.
Ultimately, the amount of money an author can make from their book depends on the type of publishing deal they have and the success of their book. With the right combination of hard work and luck, authors can make a living from their books.