How Much Money Can I Make Writing a Book?
How much money an author can make by writing and publishing a book varies widely. Factors include the type of publishing model (self-publishing or traditional publishing house), fees and book sales.AdvanceAn advance is the amount of money a publisher pays to an author that will be subtracted from future royalties. The average book advance is approximately $30,000, though some celebrities have received seven-figure advances.RoyaltiesRoyalties are the money an author makes off of each book sale. According to Cader Books, royalties are generally 6 to 10 percent on mass market paperback retail prices. The average mass market paperback is $7.99 in the United States.Literary AgentsLiterary agents receive a commission on each book sold. On average, the commission is 15 percent.Best-SellersAuthor J.K. Rowling became the first billionaire author with her children’s book series about a young wizard named Harry Potter.Self-PublishingSelf-publishing or publishing-on-demand companies offer packages