Got a book in you?

Book-SFWFrom journos to ad execs and PRs, these days everyone seems to have a book in them. But what does it take to get published and will you actually make any money? In a feature that first appeared in Encore, Brooke Hemphill finds out.

Attention wannabe authors. Forget big fat advance cheques and living off royalties. The reality of having a book published today is another story altogether. There are only two reasons you should even consider sitting down at your computer to bash out a manuscript – passion or profile.

Benython Oldfield, a literary agent with Zeitgeist Media Group, says: “If you are interested in writing a non-fiction book, you do it for credibility reasons or for passion because the amount of money that’s possible is negligible in an Australian context.”

Oldfield, who works with published authors including John Barron and Benjamin Law, is keen to lay out the bare facts about financial gains from publishing. He explains that writers make 10 per cent of the retail sale of their books, so if the cover price is $34.95, you’ll pocket less than $3.50 per sale. If you consider that successful Australian non-fiction titles sell 10,000 copies at most, the year you’re likely to spend slaving over your keyboard is going to net you an entry-level salary – if you’re lucky. And don’t think the rise of ebooks will save you. Oldfield says you’re even worse off financially from digital sales with authors taking home 25 per cent of the cover price, which in most cases is significantly lower than the cost of a hardcover book – think somewhere in the vicinity of $2.50 per sale.

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