We have some excellent news for you: You can make money as an author. So whether you’ve written a short story, you write blog posts, or you simply sell books part-time, it’s easier to make your dreams a reality than you think.
In this article, we talk about several steps you can take to become a successful author. For traditionally published authors, book advances and royalty rates significantly contribute to their overall author earnings. For self-published authors, royalty rates are usually higher, but there is no advance.
We break down the publishing industry to discuss everything from literary agents saudi arabia phone number list to publishing houses. This article also discusses the difference between book sales with traditional publishing in a brick-and-mortar store, such as Barnes & Noble, to self-publishing your book on Amazon.
From there we dive into the power of your book cover and break book sales into eBooks, audiobooks, and direct distribution. Whichever of the above forms your published books take, with the correct guidance and hard work, you can make money as an author.
So, if you’re ready to make money being an author, you’ve come to the right place. Let’s dive in!
1. Traditional Publishing
How authors make money traditional publishing is dependent on several factors: The publishing house the author publishes with, the amount of their book advance, their royalty rates (after making up their advance), and sub-rights. While other components contribute to their overall author pay (such as the percentage literary agents take), we focus on the four factors listed in the sentence above.
The publishing industry is ever-changing, but publishing houses typically follow similar guidelines. If you dream of being traditionally published, let’s start by discussing the gatekeepers to your dream.
If you are an individual who loves writing books
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