Hi, I'm Ray Evans. I'm a certified copyeditor and proofreader.
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Self-publishing is now easier than ever for authors who don't want to be traditionally published, thanks to platforms like Amazon.
With increased accessibility and ease of access comes increased competition. So, how much money can self-publishing your book make you? The figure will vary depending on a number of factors discussed below.
So, What Exactly Is Self-Publishing?
Self-publishing means that the author publishes their book without the assistance of a traditional publisher (the famous "Big Five" publishers include Penguin/Random House, Harper Collins, and others). The term "self-published books" typically refers to written media such as books and magazines, whether physical or electronic ( aka, eBooks).
Advantages of Self-Publishing
There are numerous advantages to self-publishing, including:
Cons of Self-Publishing
What Do Self-Published Authors Earn?
The earnings range for self-published authors varies widely and is primarily determined by the number of books sold.
Self-published authors can earn up to 60% royalties on a single book sale. This is significantly higher than the 10-12 percent royalties paid to traditionally published authors.
Furthermore, while self-published authors can publish two to three high-quality books per year, traditionally published authors must wait two to three years to publish a single book.
The earnings of self-published authors vary depending on:
There are some quick and simple tips and tricks that authors can use to boost their self-published sales. This includes the following: