To achieve bestseller status on the Times not only do you have to sell at least 5,000 – 10,000 copies in one week, but these sales have to be diverse sales. That is, you cannot sell 10,000 books to a pre-existing list of followers through a personal website or thousands from only one marketplace like Barnes and Noble.
Given the royalties of a standard contract, an author selling 20,000 books priced at $25 would earn $65,625 the first week on the “New York Times” best-seller list. This is not quite the millions superstar authors bank, but if the book continues to sell, these earnings add up to an impressive income.
Here’s how to become a bestselling author : Decide which Bestseller list you want to be on. Write an amazing book. Build your author platform. Market your book ASAP. Decide between traditional or self-publishing. Build a launch team. Create a strong launch plan. Become a bestselling author .
Top 100 best selling books of all time
|SOURCE: NIELSEN BOOK SCAN|
|1||Da Vinci Code,The||Brown, Dan|
|2||Harry Potter and the Deathly Hallows||Rowling, J.K.|
|3||Harry Potter and the Philosopher’s Stone||Rowling, J.K.|
As we can see from many authors and agents the average first time author is projected to earn around $10,000 for their new book. After you pay your agent and invest in promotion, there isn’t much left over.
Average book authors don’t make a lot of money . A typical book author barely makes more than minimum wage. You receive an advance and 10% royalties on net profit from each book . If your book retails at $25 per copy, you would need to sell at least 4,000 copies to break even on a $5,000 advance.
Writers can work full or part time, and earn a supplemental income to help cover the bills or generate a lucrative primary income. If you have the skills and the motivation, you get to define your own career.
If you self – publish , and do a proper job of marketing, your book may not only achieve success in its own right, but may be picked up by a major publishing house. (Ironically, it may even be published by one of the houses that has previously sent you a rejection slip.)
Yes, you can . There are absolutely no age restrictions when writing a book . A very famous author named Gordon Korman published his first book when he was 12. Yes, you can write a book even though you’re young.
Anaya Lee Willabus
The category and window of your release all significantly impact the number of copies required to hit the NYT bestseller list, but 5,000 copies during any one-week period is the minimum. I would recommend 10,000 to be sure.
The reason is because there are hundreds of best seller lists and the book only needs to land on one of them to be able to say that. Sometimes they’ll say “ best selling author” instead. Books are ranked by pre sales, too , which is how brand new books wind up on the lists (which change weekly).
So what is a good sales figure for any book? “A sensational sale would be about 25,000 copies ,” says literary agent Jane Dystel. “Even 15,000 would be a strong enough sale to get the publisher’s attention for the author for a second book.”