Targeted Directory of literary agents and editors of commercial fiction
LITERARY AGENCIES:
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[ M ] [ N ] [ O - P - Q ] [ R ] [ S ] [ T ] [ U - V - W ] [ Z ]
PUBLISHERS / EDITORS:
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[ I - L ] [ M - O ] [ P - R ] [ S ] [ T ] [ V - Z ]
See what it took to publish my first novel
How much money do writers make?
Does writing pay? How much do writers make? Are they filthy rich?
Hmm. Writers make money, some make tons, most need day jobs to support their writing
Below is everything you ever wanted to know about the wallet of your favorite author.
1,200,000 titles were published in 2004:
source: Book Industry Study Group
What does this mean in terms of dollars? First you need to understand how this works. A writer does not sell a soul, or an arm and a leg, but nonetheless one should know that it is important for her, and every other writer out there to be paid adequately. Publishers offer an advance and royalties. Advance is always paid against royalties, in other words: royalties will be paid only when the publisher recoups the advance from sales. Advances range from as little as $1,000, most hover around or below $5,000, some pay $10,000 and few pay more. Royalties typically range from 4-12%. Realistically one can hope for 8%, and should fight to the death to receive it. Anything below is scandalous.
Now that you have these figures you can see clearly that the vast majority, 98% of writers, cannot possibly make a living off of writing - unless they are Jackie Collins and receive millions in advances for books that never get published…
