Yes, it’s true. The average author sells 500 books a year, earning less than $1,000 in royalties. But did you know that the median salary for a person classified as a ‘writer author‘ in 2021 was $70,000?
And best-selling authors can bring in upwards of $160,000 a year. Furthermore, the number of authors earning a million dollars or more is significantly higher than those who have never tried.
And then there’s J.K. Rowling. #BillionDollarClub 🤷🏽♀️🙋🏿♀️🙋🏼♀️🙋🏻♀️
This illustrates that there is room for you in the world of authorship. People publish books for a multitude of reasons, each with its own set of personal, professional, and societal benefits:
- Share Knowledge and Expertise: Professionals and experts publish to share their insights and contribute to their field.
- Tell a Story: Many authors are driven to share compelling stories, whether based on imagination, personal experiences, or historical research.
- Educational Purposes: Books are crucial educational tools, encompassing textbooks, guides, and research findings.
- Build Credibility: Publishing a book can establish an author as an authority in their field.
- Leave a Legacy: Publishing allows individuals to preserve their thoughts, stories, and experiences for future generations.
- Fulfill a Dream: For many, publishing a book is the realization of a lifelong dream.
- Support a Cause: Authors publish to advocate for important issues and support causes they are passionate about.
- Reach a Wider Audience: Books enable authors to share their message across geographical and cultural boundaries.
- Personal Growth: The journey of writing and publishing can be transformative.
- Generate Income: Publishing can also serve as a source of income through sales, speaking engagements, and workshops.
- Marketing and Branding: Entrepreneurs use books to enhance their brand and attract new clients.
- Creative Expression: Publishing provides a platform for creative ideas.
- Community Building: Authors can foster a sense of community among like-minded readers.
- Therapeutic Reasons: Writing can be a means to process and reflect on personal experiences.
- Document History or Research: Books serve to document historical events or compile research on specific topics.
Identify your motivation and you’ve achieved the first step towards your publishing goals.
P.S. Discover how Rainmaker Publishing can assist you in publishing your book. Schedule a call today!
