Do you think authors are compensated rightly these days?
Average prices by edition
>digital edition $14
Sales volume by edition
>paperback: 50% of the total copies
Average royalty rates: 15%
Average agent fees: 15% of your royalties
You get roughly 2 bucks per each copy your book sells.
t. a worker at a publisher
No. Especially considering that most authors are dead now. The contemporary writers are still getting raped. You have to figure out a way to make money outside of the actual craft. Sort of like YouTube. You can't rely on views for revenue. You have to use those views to generate it via merch, movie deals, products, talks, guest work, etc.
that is why you self publish once you've made your breakout
musicians do it all the time. they release one good album and get cúcked by the publishers, then start their own record label and release the rest of their albums via that
I'm a mildly successful (reviewed in national press and won a minor award for debut novel) author in the UK. My life is utterly depressing. I work part-time as a book reviewer (agents often negotiate this sort of gig) and I barely earn a living as things are going. I've been on two book tours this year for the same book, and each time I have to drive to each venue myself and either sleep in my during the summer or pay for my own holiday inn room when it's too cold. I estimate I've earned around £9k this year all together, that's with doing numerous readings, signings, comperes, judging several short story competitions and receiving a cultural grant. There is zero PTAP involved in this game unless you're a well-known figure raking in the big bucks. I have three novels published at this point and when I mentioned to my agent that I have plans for another he reacted with a sort of pitying encouragement. I'm honestly tempted to throw in the towel and work at a call centre full time.
What should be done differently? It's not like authors have a gun pointed to their heads at signing.
If they feel like they got fucked in some way, they should have done a better job negotiating.
Seems fairly reasonable. You sell 5,000 copies and you made $10,000. Win at least one prize and that's $5000. Let's say you got a $10,000 advance. $100 a pop for each reading and you do 20 that's $2000. If it's good enough you can get it optioned for a film you might get $1000 for nothing. Then you get a residency that comes with office space a $3000 yearly stipend.
That's $31,000 a year and really all that requires is that you are just moderately successful. That's a year you get published though. So you'd need to make up for it in other years by writing articles ($3-400 for a feature) and teaching writing. Maybe doing some editing as well.
If you want to be a writer you need to accept you are going to make shit money, but frankly you did the most worthless part of the entire book selling gig. You didn't print it, stock it, shelve it, promote it, or publish it. You get all the prize money if it's good.
Lemme guess, you though you were going to write for 15 hours a week for a year, publish two books and then retire? Fuck off you lazy twit.
>This is an economic issue. Take it to /biz/
This is not unrelated to literature. It is about how literary endeavors are compensated. Remove yourself faggot. No one likes your pretentious, pedantic ass.
It's for hire outsourced stuff like writing instruction manuals, cookbooks, even ghostwriting for shit novels. How much money you can make depends on wise job choice and planning/writing efficiency.