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The Steve Laube Agency

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The Steve Laube Agency

The Steve Laube Agency

Helping to Change the World Word by Word

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Home » Economics

Economics

Newsflash: Most Writers Don’t Make a Lot of Money

By Steve Laubeon June 16, 2025
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A couple years ago the Author’s Guild released a survey revealing that very few writers earn a liveable wage based on their income from writing. In fact, most earn less than the poverty line.

Publishers Weekly reported the findings this way: “The survey, which drew responses from 5,699 published authors, found that in 2022, their median gross pretax income from their books was $2,000. When combined with other writing-related income, the total annual median income was $5,000.”

What is the “Poverty Line”? The U.S. federal government defines it as a single person making less than $14,981 per year.

Before you get too excited about that number, one must look behind the numbers. The highlights from the Author’s Guild survey can be found at this link. In fact, other statistics said established traditional authors made $15,000, which was more than indie (self-published) authors ($10,500).

That means today’s blog headline was a little sarcastic. The survey isn’t really “news,” but it serves as a starting point on a larger topic.

When teaching writers, I often ask a question near the end of a session: “Can you make a living as a writer?” Inevitably, the room goes still and silent; every eye and ear are anticipating my answer. I usually turn and write on the board, “D. Q. Y. D. J.” and declare, “Here is your answer! Don’t. Quit. Your. Day. Job.” This is usually greeted with nervous laughter.

The writing life is one of solitude and toil for little compensation, especially in the beginning. We have many clients who make a nice living as a writer; some are even the major, if not the sole, source of income for their families. Income for a writer has ALWAYS been a challenge. It’s one reason why it’s called “work.”

But others are not as well compensated. In every case, there is usually another source of income that takes care of financial needs. It is not unusual or uncommon. Some might fall under the poverty threshold if all they count is their writing income. The above-linked Publishers Weekly article said, “The importance of nonbook writing-related income to authors cannot be overstated: 56% of respondents reported that such activities as journalism, conducting events, editing, ghostwriting, and teaching more than doubled their income.”

I know of a writer who, for over a decade, got up at 5 am and wrote until 7 am, and then helped the kids get to school. Afterward, he went to work at his day job. He wrote nearly 10 books during those early morning hours, and they all sold fairly well. But they never earned enough to quit the day job.

As literary agents, we work hard to maximize the potential earnings for our clients. Advances, royalties, subright licensing, etc. We are on the lookout for new opportunities and hybrid alternatives to the traditional models. But it isn’t easy.

No matter if you are traditionally or indie published, you are still competing for eyeballs and pocketbooks. Publishers and aggressive indie authors use every skill at their disposal to generate sales.

This begs the question, “Are you writing for the money?” or “Are you writing because you are called to write?” One well-known author said she hesitates to calculate how many hours she has devoted to her writing and divide it into the amount of revenue she has earned. She jokingly said that $5 an hour might be a generous result of the calculation. But she still writes and works hard. Why? Because she is called to it. She can’t not write.

The point of this article is not to depress you. It is to review your motivation. And to set expectations realistically. Taking online classes, reading books on craft and marketing, going to conferences to meet editors and other writers, is an investment. Not necessarily to receive that “return-on-investment” but to improve your work so that when it gets read (note I wrote “when” not “if”), the impact will be that much greater.

I’m also not saying you shouldn’t be compensated for your work. The Bible says, “The worker deserves his wages” (1 Timothy 5:18 NIV). But I am asking, “What is your primary motivation for writing?” If you are anticipating the armored truck full of dollars to pull into your driveway, you might be in for a long wait.

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Category: Career, Economics, MoneyTag: Career, Money, Writers

Author Accounting 101

By Steve Laubeon April 17, 2023
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You are a published author. You must be rich! You are an agent. I know you are rich. If it only were true. Let’s attempt to explain some of the bottom-line basics of Author Accounting. Please remember this exercise is generic; your mileage may vary. I will use some simplified numbers, so we can all follow the math. Let’s start with a $20.00 retail-priced book. The publisher sells the book …

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Category: Book Business, Career, Contracts, E-Books, Economics, MoneyTag: Author, Economics, Money

Hidden Retail Economics

By Steve Laubeon October 18, 2021
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I find the world of retail and bookselling economics fascinating. Doesn’t make for scintillating party conversations, but I digress. Below is a video that you should watch first as I have a few thoughts related to its content below the video. (If you cannot see the video in your newsletter feed, please visit the blog on our website where it is embedded.) This particular video is a few years …

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Category: Book Business, Economics

Submission Mistakes of the More Subtle Variety

By Bob Hostetleron March 25, 2021
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I wrote a post on this blog a while ago (here) about some embarrassing and even disqualifying mistakes writers had made in submissions to me. One reader commented on that post, expressing gratitude and then adding, “What would be helpful to me is to hear the subtle or inadvertent mistakes aspiring authors make when sending a proposal to you. Can you help us with that?” Why, yes, Louise, since you …

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Category: Book Proposals, Economics, Pitching

A Year in Review: A Look at 2019

By Steve Laubeon January 6, 2020
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It’s that time of year to reflect on the past year, to learn from our experiences, and to count our blessings. Here are some thoughts on the last tumultuous twelve months. The Industry The publishing industry seems to survive the bad press that loves to find the negative in everything. Each publisher continues to pursue the best content possible. The market is ever-changing, and some really smart …

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Category: Agency, Agents, Awards, Book Business, Book Sales, Christian Publishing Show, Christian Writers Institute, Contests, Conventions, Economics, Encouragement, Marketing, The Publishing Life, The Writing Life, Trends

Should I Write for Free?

By Bob Hostetleron February 27, 2019
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Writers write, right? Often, however, writers are invited, asked, pressured, or even hornswaggled (look it up if you have to) into writing for free. Sometimes that’s good. Often it’s bad. How can you know which is which? One word: strategy. What is your strategy? Do you even have one? Or, put another way, do you have a mission statement as a writer? When you define where you’re going and what you …

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Category: Economics, Money, The Writing Life

Good and Bad Advice on The Writing Life

By Dan Balowon June 19, 2018
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After graduation from college, I got an entry level job at a radio station, programmed with call-in talk shows. I carried out the trash, conducted regular “Frosty-runs” to Wendy’s for the news director, painted the sales office, screened callers for the shows during off-hours, took transmitter readings, got coffee for the hosts, and anything else the boss wanted. Once in a while, they let me push …

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Category: Career, Contracts, Economics, Marketing, Platform, The Writing LifeTag: Career, The Writing Life

Common Sense Publishing

By Dan Balowon May 22, 2018
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I will often use humor as a defense mechanism. It helps maintain my sanity, to some extent. However, I’ve noticed a number of times what might be considered a weak attempt at humor is actually true. I guess the common statement about most humor having a kernel of truth in it, might be accurate after all. I’ll frequently respond to someone questioning why something is happening by stating, “Oh, you …

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Category: Book Business, EconomicsTag: Book Business, Common Sense

The Minimum Wage Author

By Dan Balowon March 13, 2018
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Most authors earn less than legal minimum wage writing books. Most do so for their entire writing careers. (U.S. Federal minimum wage is $7.25 per hour. A full time person working 40 hours per week would earn an annual revenue of $15,000 at that rate.) In fact, they work for free for a long time before getting paid and once they do get paid, the amount earned almost never makes up for the long …

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Category: Economics, Money, The Writing LifeTag: Career, Money, The Writing Life

Three Significant Announcements Regarding E-books and Audiobooks

By Steve Laubeon January 29, 2018
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Last week there were three significant announcements from Apple, Google, and Walmart of interest to all authors. First the three bits of news and then a few observations. Apple Apple announced that their iBooks app is being renamed to simply Books. Accompanying it will be a complete redesign of the reading app, their store, and the addition of an audiobook tab to make it easier for users to access …

Read moreThree Significant Announcements Regarding E-books and Audiobooks
Category: Book Business, Book Sales, E-Books, Economics, News You Can Use, The Publishing Life, TrendsTag: Audio Books, Book Sales, ebooks, Technology
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