Author – has kidney for sale (nearly as good as new).

April 20, 2015 | By | Reply More

The Authors’ Licensing and Collecting Society has just published their 2015 survey results, more or less covering the trade’s state of play in 2014,  and the figures don’t look good in terms of professional authors earning a living wage from books – either fiction or non-fiction.

Author - has kindney for sale (nearly as good as new).

Author – has kindney for sale (nearly as good as new).

Here’s some of the salient points . . .

  • In 2005, 40% of authors earned their income solely from writing. By 2013 this had dropped to just 11.5%.]
  • The typical (median) income of professional authors is now £11,000 (well blow the legal minimum wage in the UK of £13,124 a year).
  • Nearly 90% of professional authors need to earn money from sources other than writing.

And when we come to indie authors, the figures take a further turn for the worse . . .

  • The top 10% earners among self-published authors made a profit of £7,000 or more.
  • The top 20% earners among self-published authors made a profit of nearly £3,000.
  • The bottom 20% earners among self-published authors made losses of at least £400.

This is for the British author, but I’m willing to bet the figures for American, Canadian, Australian and New Zealand authors are just as dire.

My advice as always is to hang onto the day job, write in your spare time, and treat being an author as a potentially lucrative hobby.

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Category: Writer's Dojo

About the Author ()

I have been working as a full-time author publishing fantasy and science fiction novels for HarperCollins for the last seven years.

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