Good question. :-)
I might have known this would come up, but I've so far avoided mentioning how much you can make by writing a book on my new write a book membership site. However, I've had several email messages asking this very question, so let's take a stab at answering it.
Brenda Hiatt has a "show me the money" section on her site which is well-researched and accurate. For example:
Romance novels, for Avon/ HarperCollins earn out at:A small advance for a nonfiction book would be $20,000. Of course, your advance may be much more, depending on the projected sales and how well your agent negotiates.
Average advance (first book): $13,500
Average advance (subsequent books): $24,000
Advance range: $3500 - $100,000
Standard royalty percentage: 8%
Average earn-out: $26,000 Range: $7000 - $100,000
There are many, many variables when you write a book. At the upper end of the pay scale, you've got JK Rowling, who's making billions from her Harry Potter series and the spin offs.
At the other end of the pay scale, you have authors who make a few thousand per book.
Publisher's Marketplace reports on book deals daily, in their Publishers Lunch.
So, how much can you make? The short answer is that it depends on the book. It's the long answer too, because as stated, there are many variables.
On my new membership site, we cover researching book deals and researching the market for YOUR book before you start writing. There's no point in writing a book for which there's no market. So if you're interested in writing a book and making money from it, join.
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