“A book is not written to make money.” I just quoted myself, but probably many book authors have used that phrase before me.
There are always exceptions, as always. People who have written books and become famous authors. True. There are also people who win the lottery, set up a start-up and sell it for millions of euros in months, become professional footballers, etc.
Let’s look at some numbers
We’re talking about probabilities. How realistic is it that you’ll become a millionaire by writing a book? Well, on average, very, very low.
If you publish a book in Spain with a publisher, the way it works is this. You usually charge 7-8% on each physical book sold. For digital versions, it can go up to 25%.
When publishing a book, you usually russia whatsapp number data receive an advance from publishers. It used to be 2,000 euros in 2013 for unknown authors. Two years ago, in my case, it dropped to 1,500 euros. I think I also received 2,000 euros in advance in Germany.
Why I already have two new books planned
Then, the units sold and the commission doppler academy is back: join the marketing webinars you generate from them are deducted from that income. One year after publishing the book on selling on Amazon, I still haven’t earned more than 1,500 euros in commission. The book I published in 2013 continues to generate residual income that is decreasing every year. I seem to remember that last year it was the same as 100 euros.
I have a book on selling on Amazon in the German qatar data version almost ready for publication. Then there is the one I already started and paused on alternative investments.
For me, writing is a hobby
I enjoy doing it. It is also a marketing tool. Success is still moderate in terms of conversion ratio from reader to client, but since I like writing, this is not such a serious problem.
Bottom line: don’t write a book to make a lot of money. Chances are you won’t make it. If you don’t listen to me, that’s a good sign. At best, you have some motivation beyond that to take the plunge and become an author.