* Genre and popularity: Authors of bestsellers in popular genres like romance, thriller, or fantasy can earn millions, while niche genres or less popular books might bring in much less.
* Book sales: This is the most obvious factor. The more books sold, the more the author earns. Royalties are typically a percentage of the book's price, ranging from 5-15%.
* Publishing deal: Some authors receive advances from publishers, while others get paid only on sales. Advance amounts vary greatly, and not all authors are lucky enough to get one.
* Multiple revenue streams: Authors can earn money from book sales, but also from other avenues like audiobooks, merchandise, speaking engagements, and more.
* Experience and reputation: Established authors with a strong following often earn more than new or less known authors.
It's important to note:
* Most authors don't make a living solely from writing: Many hold other jobs or rely on spouse's income to support themselves.
* It's a competitive field: Getting published and achieving success is difficult, and many authors struggle to earn a living.
* The "average" is meaningless: Because of the wide range of income potential, the average author income doesn't reflect the reality for most.
Instead of focusing on average income, it's better to think about:
* Your writing goals: What are you hoping to achieve with your writing?
* Your financial needs: How much income do you need to live comfortably?
* Your marketing and promotional strategy: How will you reach readers and generate sales?
By focusing on these aspects, you can increase your chances of success and create a sustainable writing career.