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Скачать или смотреть Do you know how much an author actually makes when you purchase one of their book

  • BookAlchemy
  • 2024-12-22
  • 699
Do you know how much an author actually makes when you purchase one of their book
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Описание к видео Do you know how much an author actually makes when you purchase one of their book

Have you ever bought a book and wondered how much the author is getting from your purchase?
The answer is: barely anything!

This is how authors get paid:
When authors sign a book deal, the amount they earn per book sold (royalties) is decided in their contract. Most of the times, it is between 5% to 8% for paperbacks (it’s slightly higher for hardcovers).
This means that for a £10 book, the author only gets £0.5.

But wait, there’s more!
Most authors, while signing their contract, receive an advance. This varies depending on whether it’s a new author or already successful author, but the way it works is the same for everyone:
An author will not earn anything until their advance has been fully paid off by their book sales. Which means, for a debut author with an advance of £10,000, it can take up years before they earn more than their advance (they’ll need to sell about 20,000 books). Sometimes they don’t even reach the amount of their advance and have to pay their publisher BACK.
Bear in mind, not all authors receive an advance (especially debut authors), so those would earn their royalties straight away. However, authors are not paid monthly, they’ll only receive their royalties statements once or twice a year, depending on their publishers. This means that most authors (those who don’t go viral and sell millions of books) need to manage their money very carefully.

💫 What do you think about this? Should authors be paid more? Comment your opinion and follow for more!

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