Even published authors face a brutal financial reality:
The research from Authors Guild indicates that of 1,000 people who want to write → 150 will start →30 will finish a draft → And 6 will publish
That means that anyone who has completed a book is in the elite rank (0.6%) of the world. Even more elite than Mensa (high IQ) who are approximately 2% of the population.
The Authors Guild surveyed more than 5,000 authors and found the median income for all writers was just $6,080, while full-time writers had a median of $20,300.
The average traditionally published book sells around 3,000 copies over its lifetime, and fewer than 500 in its first year. Less than 25% of books “earn out” their advance.
This is the brutal truths for authors facing too many challenges already. Heart, soul and blood on the floor, for a…
But, in the majority of cases, writing is a passion and an art, and less about the monetary rewards. Remember all the now famous artists through the ages who led borderline living in the pursuit of their craft. Think van Gogh and his cohorts.
Over 82% of Americans say they want to write a book, but less than 1% actually finish and publish one.
Over 80% of adults want to write a book, but only 3% ever reach “The End” of a first draft — meaning 97% of people who start never finish.
A survey of 2,000 U.S. respondents found that just 15% have actually started writing a book, and a mere 6% have gotten halfway through.
Of those who do finish, only about 20% go on to publish — meaning out of every 1,000 people who start a book, roughly 6 will walk away with a published book.
Between 95-99% of submissions get rejected.
With all the odds so stacked against being an author, lets try and make some aspects of the journey easier with Scoz.App, the app for authors. (https://scoz.app