This is from Marcia Yudkin’s great ezine…
A decade ago, during a seminar on getting a book published, I cited the average advance from a major publisher and the average time it took to write a book. A guy in the back row did the math. “What - that’s not much better than minimum wage!” he objected.
A new report backs up my reply to this outraged gentleman: You’ll earn more indirect than direct income from being published. According to RainToday.com’s “The Business Impact of Writing a Book,” a survey of more than 200 professionals who’d published at least one business book revealed:
* Median direct income was $34,000; median indirect income - from more speaking engagements, ability to generate more leads, charge higher fees, close more deals, etc. - was $100,000
* 84% of authors reported a strong or very strong influence on their ability to stand out against competitors
* 63% of authors reported a strong or very strong influence on generating new clients
* 96% of authors said publishing a business book affected their professional practice either positively or extremely positively
Ready to fire up that laptop now?
Business Opportunities Weblog | The Business Impact Of Writing A Book on March 1st, 2006 at 9:28 pm
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