Writers, do you want to make a full-time living from your writing? All you have to do is sell 4200 books a month! I know that number seems large, but look at your potential marketplace. How many readers are there in the world? There are several.
OK, so there’s nothing particularly magical about 4200, but I was curious earlier so I asked myself a question. How many books would I need to sell to make $5000 per month? Why 5k? It seemed like a good round number. For some, that will be plenty. For others, they’ll need a bit more. It depends on all kinds of things, so we’ll just stick with the $5000 round number.
How did I get to 4200 books? I took two price points, averaged them, and did some basic arithmetic. I used Amazon’s royalty rates in my calculation, because they are going to be the biggest chunk of your book selling income. At least for now.
If I sell 4200 books at both $0.99 and $2.99, I can expect around $5k worth of gross cash flow. Bear with me, because this isn’t scientific at all. There are several assumptions here, but I was just playing with numbers, so lets roll with it. There’s a point…I swear.
Assuming I sell an equal number of books from both of those price points, I will have an average royalty payout of $1.21 per sale (rounded down to be conservative…it’s really 1.215). $5000 divided by $1.21 is 4133 (rounded up) books. So let’s just throw in a few more and round the total sales figure up to 4200.
If you sell books at different price ranges, like $2.99, $3.99, and $4.99, in equal amounts, you need to sell even fewer copies. Those price points will give you an average royalty rate (again, using Amazon’s 70% payout) of $2.78. $5000 divided by $2.78 is 1799 books.
Think about how many readers are out there. YOU CAN DO THIS. It’s a basic numbers game. If you write enough books so that you have one or some that sell for the above-mentioned average royalty payouts, in the mentioned quantities, you can do this. You can make a full-time living as a writer. All you have to do is sell enough each month.
Can you sell 4200 inexpensive books to an army of cheap-ass readers each month? Can you sell 2000 competitively priced books to an army of averagely-financed readers? I think you can. I think I can. What do you think?






















