This amount, however, is significantly skewed by the top earners, with less than 10% of self-publishing authors earning about 75% of the reported revenue and half of writers earning less than $500. A survey of 1,007 self-published writers – one of the most comprehensive insights into the growing market to date – found that while a small percentage of authors were bringing in sums of $100,000-plus, average earnings were just $10,000 a year. Sadly, being an author does not earn significant revenue. I can see why being an author would be sexy, you only have to look at the success of J.K.
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This is a 24% higher than those who want to be a TV presenter and a remarkable 29% higher than those who want to be a movie star. YouGov conducted a recent poll that said the most desirable job in is an author – with 60% of people saying they’d like to do it for a living. It is no small wonder why e-book sales have plummeted in recent years. We live in a world full of terrible e-book titles that ruin ebook discovery and make it difficult to find a good book. Most “authors” who self-publish an ebook never sell more than a handful and over 75% of all authors never earn a living through their writing. Millions of authors publish with Amazon Kindle Direct Publishing, Draft2Digital, Kobo Writing Life, Nook Press and Smashwords. There are a copious number of online self-publishing companies that promise aspiring authors the opportunity to distribute their ebook all over the world.
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