The majority of authors make less than $1,000 a year, according to a new report from Digital Book World. Almost 80% of self-published authors and more than half of traditionally published authors earn less than $1,000 a year, according to the report. A little more than 40 percent of hybrid authors (both traditionally published and self-published) made less than $1,000 a year and not surprisingly 90 percent of the aspiring authors made nothing.
For the report, “What Advantages Do Traditional Publishers Offer Authors: A Comparison of Traditional and Indie Publishing from the Authors’ Perspective,” Digital Book World interviewed almost 10,000 traditionally published authors,self-published authors, authors who are both traditionally published and self-published, along with aspiring authors.
The research revealed that only 10 percent of traditionally published authors made more than $20,000 a year and 5 percent of self-published authors made more than $20,000 a year.