5 New Realities Authors Don’t Want to Hear

Recently there have been articles in the media about the plight of the publishing industry and the state of play for authors in particular. Here's a roundup of what these reports are saying. I believe you should take note, even if you don't want to be reminded of the new realities of writing books for a living! 1. Traditional Publishers Finally Reveal the Facts The truth is that when you're signed to a traditional publisher, there's no guarantee you'll make enough money to live on. Less than one in a thousand authors with traditional publishing deals make over $100K per annum. In fact, 99% of published authors make less than $2000 a year. Writers have long believed the myth that 'getting published' is the answer to their goals. The reality is different. Even with all the “advantages” of distribution to retailers worldwide, third-party promotion, and the “kudos” of being signed to a publishing house, the vast majority of traditionally...