Ever wondered exactly how much self-published authors earn? According to a new study by Digital Book World, the median income range for self-published authors is less than $5,000, and nearly 20% of self-published authors report deriving no income to speak of from their writing.
Comparing authors with the same number of manuscripts, there is a strong similarity in income between hybrid and traditional authors, but hybrid authors outperformed their self-published counterparts on earnings. No wonder, as trade-published authors already have a platform and are already a brand!
Is your self-publishing:
- an amateurish endeavor,
- a means of sharing stories,
- a strategic move in a writing career,
- or an entrepreneurial activity?
Authors who have a greater focus on earning income from their writing, have produced more manuscripts than either their self-published or traditionally published counterparts, and are earning higher incomes on average.
Yes, some authors do break through… 1.8% of self published authors made over $100,000 from their writing last year, compared with 8.8% of traditionally published authors and 13.2% of hybrid authors. The study was conducted online in October and November 2013.
Conclusions? Don’t quit your day job yet!
Read more how to improve author earnings: