As an author, do you wonder if your books make enough money to keep your publisher happy? This week, I ran across some interesting stats on the subject:
- More than 50% of all books published never earn back their advance.
- Most publishers don’t break even until your book has sold 7,500 – 8,000 copies.
- Publishers want authors to earn back their advances within the first 18 months.
- Publishers have to pay extra to put your book on an endcap in bookstores. So, they must think that your book is worth the extra cost to do so.
For more book stats, here’s another blog post that may interest you.
Thanks to Sally Stuart for today’s helpful information. If you write books for the Christian or religious market, be sure to check out her resource:
2008 Christian Writers’ Market Guide.