The price of publishing a book is determined by A the length of the book and B the level of quality desired. Most writers spend $2,000–$4,000 on self-publishing services such as editing, cover design, formatting, and marketing. Higher-end options include input from an agent or publisher. An average trade book costs $100,000 to $300,000 to publish.
Books that are considered "high-quality" and "best sellers" can cost up to $500,000 to publish. The actual price varies depending on the number of books that are being printed and the amount of advertising included with each copy sold.
In conclusion, the price of publication depends on the length of the book, its quality requirement, and the service chosen. Costs can range from $10,000 to $500,000 or more.
Self-published authors can earn between 40% and 60% royalties on a single book sale, whereas professionally published authors typically earn between 10% and 12% royalties. First-time authors who wish to publish conventionally can receive a $10,000 advance (usually not that much more for a first-timer).
There are four steps to having a book published. Getting your book traditionally published is a procedure that must be followed step by step. Determine your work's genre or category. Selecting suitable agencies or publishers for your work. Prepare your materials for submission (a query letter or proposal, usually).
Traditional publishers typically pay authors roughly $1.25 per book in royalties. So, if your book sells for $20, you'll make slightly more than a buck. You don't have to be a mathematician to understand that you need to sell a lot of books to make a fair living with a traditional publisher. In fact, according to the US Bureau of Labor and Statistics, less than 1% of Americans are authors.
Self-published authors usually earn about $10,000 for their work. Large companies will sometimes offer higher amounts, but only if the author is famous or has many other books to his or her name. As we mentioned, most self-published books don't make any money for their writers.
Famous authors can make far more than that. J.K. Rowling, who has written over a dozen novels, is believed to have earned $750 million since the beginning of 2010. She has several movie deals pending, plus a social networking site called Pottermore is in development by which she plans to release new information about Harry Potter every year from now on.
Rowling isn't the only famous writer who makes a large sum of money. Stephen King earns over $100,000 an episode as the main character in his own TV series called "The Shining." He also has a movie coming out in October 2015 that will make him even more money.
Self-published authors can earn between 40% and 60% royalties on a single book sale, whereas professionally published authors typically earn between 10% and 12% royalties. First-time authors who wish to publish conventionally can receive a $10,000 advance (usually not that much more for a first-timer). After paying the publisher some percentage of that amount (20% is common) the author will remain with around $60,000 after taxes. If the book sells well over 5,000 copies, then the author receives another check. Self-pubbed books do not generally receive advances.
The more books you sell, the more money you'll make. It's pretty easy to make a few hundred dollars if you have enough books sold. But it's also possible to make a lot of money if you're willing to sell lots of books.
In fact, according to the Bureau of Labor and Statistics, authors of non-fiction books make an average salary of $60,000 per year - not too bad for writing!
The number one resource for how much you can expect to be paid for your book is the publishing industry itself. There are many websites that will give you a good estimate on what other books in the same genre made their creators money.