I think that looking at these numbers is very important. I have friends who are surprised I still have a day job after writing several books. The truth is that the best-selling author who can quit their day job and live off of their writing is the exception, not the rule.
by Doug Lewars
According to Forbes there are between 600 thousand and a million books published each year and roughly half are self-published. The average number of sales per volume is less than 250.
That’s not encouraging.
Of course I have no idea where Forbes came up with these numbers. Still, they tend to be pretty careful about what they publish so let’s assume the numbers are real. Now, if you are capable of writing, editing and publishing say, two books per year, and if you want to earn a conservative income of say, $30,000, then you would need royalties of $60 per volume. Given that publishers rather like taking their cut, your book would probably need to be priced around a hundred dollars. Better make that next book non-fiction.
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