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Originally Posted by BearMountainBooks
Since only about 5 percent (this is a way old stat from probably 15 years ago) make an actual living writing fiction, I'd guess the number is pretty dang small. Probably around 500. (I'm pulling the 500 out of my hat. The 5 percent came from an article I read a long time ago. They threw out women writers who had a husband providing the bulk of income and health insurance.)
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If you are saying that 5% = 500 authors, that means that there are only 10k authors.
Quote:
Originally Posted by BearMountainBooks
There's not a lot of money in writing. You have to move a lot of books CONSTANTLY to provide a steady income.
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From an
article from August 2011:
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BookStats, a comprehensive survey conducted by two major trade groups that was released early Tuesday, revealed that in 2010 publishers generated net revenue of $27.9 billion, a 5.6 percent increase over 2008. Publishers sold 2.57 billion books in all formats in 2010, a 4.1 percent increase since 2008.
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There is a lot of money in writing, it just depends on how many people want a slice of this pie.