How much do Book Writers makeWhat do authors earn?
What do writers make? New Arts Council England review presents a gloomy image - Quartzy
It' getting more and more difficult to be a writing man who only sings. In a new article (pdf) by the state-sponsored Arts Councils England, the UK's literature industry is summarising the country's literature industry. On the basis of 16 years of selling figures, 34 surveys and 249 surveys, the Councils profile is by no means cheerful.
Launched on December 15, the article shows that overall UK noncommercial, non-genre-based literature product revenues have not rebounded since the 2008 finance shock as book pricing has sunk. It also puts figures behind something that is anecdotal to industry: To earn a livelihood as a literature belletrist is a desolate undertaking.
Since the top writers take up a bigger part of a dwindling cake, there is little room for writers in the centre to earn a sustainable sum. In the past five years, the 1,000th best-selling book has already produced around 3,000 to 4,000 books. Given the 8-10% royalty typically charged in the UK, an editor could have expected to make about £5,000 ($6,700) out of this book - if he had already paid back his prepayment, which can be very different.
If you consider that some of these top writers have written several works, that's less than 1,000 people. According to the study, the centenary book in 2011 was 55,000 units in circulation, up from only 35,000 in 2015. Naturally, the nearer the writers get to the top, the greater the difference.
Write the council: Nielsen BookScan 2015 figures show that the top 1% of writers made up 32.8% of overall revenue and the top 0.1% 13% of overall revenue. The top 5% and the top 10% contributed 42.3% and 57% of the overall turnover respectively. "All this means that it is more difficult to be a pro writer," the writers infer.
As a result, authors of books must depend on other means than book authoring to create the kind of books we all like to use. That' a well-known tale for US writers. An Authors Guild group supporting and representing U.S. writers reports that the annual write related revenue of its members fell from $25,000 in 2009 to $17,500 in 2015.
Unsex truths are that lectures, prizes, workshops devoted to creativity, lectures and advice on books really help to keep clean lit.