SELF PUBLISHED AUTHORS
So you think you want to write a book? Ever contemplated 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 under $5,000, and nearly 20% of self-published authors report deriving no income from their writing.
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 and gathered a sample of about 9,000 authors of different kinds. Conclusions? Don’t quit your day job.
For more for authors and readers, tune into my show The Book Report.