Author Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! == Compensation == Authors rely on advance fees, royalty payments, adaptation of work to a screenplay, and fees collected from giving speeches.<ref name="byliner">{{cite web |last1=Dezman |first1=Chux |title=How Much Money Do Authors Make? |url=https://byliner.com/how-much-money-do-authors-make/ |website=Byliner |date=28 February 2021 |access-date=3 November 2021}}</ref> A standard contract for an author will usually include provision for payment in the form of an advance and royalties. * Advance: a lump sum paid before publication. An advance must be earned out before royalties are payable. It may be paid in two lump sums: the first payment on contract signing, and the second on delivery of the completed manuscript or on publication. * Royalty payment: the sum paid to authors for each copy of a book sold and is traditionally around 10β12%, but self-published authors can earn about 40% β 60% royalties per each book sale.<ref name="byliner" /> An author's contract may specify, for example, that they will earn 10% of the retail price of each book sold. Some contracts specify a scale of royalties payable (for example, where royalties start at 10% for the first 10,000 sales, but then increase to a higher percentage rate at higher sale thresholds). Usually, an author's book must earn the advance before any further royalties are paid. For example, if an author is paid a modest advance of $2000, and their royalty rate is 10% of a book priced at $20 β that is, $2 per book β the book will need to sell 1000 copies before any further payment will be made. Publishers typically withhold payment of a percentage of royalties earned against returns. In some countries, authors also earn income from a government scheme such as the ELR (educational lending right) and PLR (public lending right) schemes in Australia. Under these schemes, authors are paid a fee for the number of copies of their books in educational and/or public libraries. These days, many authors supplement their income from book sales with public speaking engagements, school visits, residencies, grants, and teaching positions. [[Ghostwriter]]s, technical writers, and textbooks writers are typically paid in a different way: usually a set fee or a per word rate rather than on a percentage of sales. In the year 2016, according to the U.S. Bureau of Labor Statistics, nearly 130,000 people worked in the country as authors, making an average of $61,240 per year.<ref name="byliner" /> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page