My friend Brenda Hiatt publishes Show Me The Money, an annual report on how much authors are actually getting from publishers for novels.
She just updated the information in March. If you’ve ever wondered what Bantam or Harlequin or St. Martin’s Press or any of the other publishers pay in advances and royalties, as well as how much the average earnings are, now is your chance to find out.
Since publishers jealousy guard print run stats, sometimes from even their authors, it's exciting to see real facts and figures.
Things are so different with indie publishing. An author can look at her sales report any minute of any day and know exactly what she's selling and earning. Not so with traditional publishing when royalty statements are sent twice a year, and it takes an expert to interpret the reports.
For real numbers, check out Brenda’s Show Me The Money.
If you want to be a professional writer, you must tend to the business end of writing as well as to the creative.