Write a book, get published, make millions, right? Wrong.
I’m not sure what bothers me more about this misconception: the would-be authors who think a book deal is the key to financial success and easy living or the countless readers who operate under the delusion that authors are so well off that they ought to give their books away, for free.
Authors Earn Less than Minimum Wage
The Bureau of Labor Statistics list average annual income for writers and authors as $63,200. What many writers and readers fail to realize is, this average includes the salaries of corporate writers who are responsible for crafting the limitations for your insurance and warrantees, the microscopic legalese that’s included with the terms and conditions of your credit card, and the impossible to follow instructions included with every “assembly required” item you’ve ever purchased. Actual author income is much, much less. Continue reading