This is from a poll taken of mostly romance writers. As you probably know, romance books are a very dominant force in the publishing market. As you may or may not know, there are some very powerful stories published in the romance genre each year, due perhaps in part to the enormously supportive communicty romance writers have built in the industry. Romance writers teach and share information about writing to aspiring and experienced writers alike, raising the bar and growning the number of qualified, inspired writers each year.
Here are the results from my poll of authors regarding different publishing avenues and making a living. The poll got 86 responses, and the breakdown is as follows:
Authors who used Traditional/E-book Publishers – 59%
- 81% earned a profit on their books
- 11% broke even on their books
- 8% lost money on their books
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- 68.6% earned $0-$5,000
- 25.7% earned $5,001-$10,000
- 5.7% made over $10,000
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Conclusion: If you publish your book with a traditional/e-book publisher, you’ll probably make money, but it will likely amount to less than $5,000 a year.
Authors who Self-Published – 34%
- 71.43% made a profit on their self-published books
- 10.71% broke even on their self-published books
- 17.86% lost money on their self-published books
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- 70% earned $0-$5,000
- 15% earned $5,001-$10,000
- 15% earned over $10,000
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Conclusion: If you self-publish your book, your odds of making a profit are about 10% less than if you went with…
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