Half the respondents failed to reach $500 in royalties in 2011, and a quarter of the books are unlikely to cover the direct costs of production. “Sobering” news, wrote Cornford and Lewis. “Who’d come back for more?”
But if you’re traditionally published you are made for life right?
You think writers live in garrets? Think again. Carl Wilkinson introduces the Millionaire’s Club, an exclusive band of authors whose books have sold more than a million copies.
And it’s not as many as you think. 68 authors (some of non-fiction) in the UK have sold 1million copies since 1998.
Of course there is a middle ground – authors on average according to The Telegraph – made £4000 a year in a UK.