Somebody makes money from book sales, but those people, most of them, are not writers. Plenty of authors actually lose money publishing their titles, having to pay their own expenses and taxes. At The Popcorn Chronicles, novelist Patrick Wensink reveals the earnings for his Amazon bestseller, Broken Piano for President, and they truly are revealing. An excerpt:
“Even when there’s money in writing, there’s not much money.
I was reminded of a single page in A Heartbreaking Work of Staggering Genius; specifically, the section where Dave Eggers breaks down his $100,000 advance on sales from his publisher. He then lists all his expenses. In the end the author banked a little less than half. It wasn’t bad money — just not the ‘I bet Dave Eggers totally owns a Jaguar’-type of income I expected. I mean, his name was on the cover of a book! He must be rich.
That honesty was refreshing and voyeuristic. I always said if I ever had a chance, I’d make a similar gesture. As a person learning about writing and publishing, there was something helpful about Eggers’ transparency. So here is my stab at similar honesty: the sugar bowls full of cocaine, bathtubs full of whiskey, semi-nude bookstore employees scattered throughout my bedroom tale of bestseller riches.
This is what it’s like, financially, to have the indie book publicity story of the year and be near the top of the bestseller list.
Drum roll.
$12,000.
Hi-hat crash.
I just started getting my royalty checks from July the other day (the publishing industry is slow like that). From what I can tell so far, I made about $12,000 from Broken Piano sales. That comes directly to me without all those pesky taxes taken out yet (the IRS is helpful like that).
Don’t get me wrong; as a guy with a couple of books out on an independent publisher I never thought I’d see that kind of money. Previously, my largest royalty check was about $153. I’m thrilled and very proud to say I earned any money as a writer. That’s a miracle. It’s just not the jewel-encrusted miracle most people think bestseller bank accounts are made from.
The book sold plus or minus 4,000 copies. (The publishing industry is hazy like that. What with sales in fishy-sounding third-world countries like Germany and England.) Being on an indie press I receive a more generous royalty split than most: 50 percent after expenses were deducted.
You can do the math.”