The guide to getting a publisher and making money from your book (2024)

‘Writing a book is a horrible, exhausting struggle, like a long bout of some painful illness’ – according to author George Orwell.

Yet despite such a daunting challenge many still dream of penning a masterpiece – and embarking on a lucrative and rewarding career.

Here, we share tips from those who have written a book – including secrets on how to get one published and make some money.

Tracey Waples, a 52-year-old mother of two, invested £4,000 in a six-month course with Faber & Faber after embarking on a first novel

DEVELOP AN INITIAL IDEA

An idea - whether a clever plot, unusual character or inspiration from real life – is only the start.

Many novices launch into writing projects with great enthusiasm only to give up after a few weeks. They find their story soon runs out of steam or ends up getting lost in a vague plot. After an initial rush of energy they shelve the project.

Completing the task requires that you build a plot structure and take time to flesh it out. Even with a great idea and commitment to seeing it through, professional guidance is often essential.

RELATED ARTICLES

  • Previous
  • 1
  • Next
  • Six tips to boost your broadband connection: From avoiding... Millions of households could see the cost of debt fall as... Millions are in arrears on essential household bills - and... Father-of-three, 40, is refused £65,000 by health insurer...

Share this article

Share

399 shares

The £25 Writers’ & Artists’ Yearbook 2018 provides details of writing courses that can help. Among the most highly regarded are those run by publishers such as Faber & Faber, Curtis Brown Creative and Penguin Random House. You might also be inspired by local adult education courses in writing which can be found on a website Hotcourses.

Tracey Waples, a 52-year-old mother of two, invested £4,000 in a six-month course with Faber & Faber after embarking on a first novel. It was worthwhile because it helped get her book ready for publication.

Tracey already had a character in her head for the book I Want Never Gets and believes having someone she could believe in was vital for success.

She says: ‘Mulling the story over while out for walks helped prior to putting pen to paper. It made me discover that the main character was a nasty piece of work. But I did not know where the story was heading until it was completed. Writing can feel like uncovering a story already there – a bit like archaeology – but I found the expert guidance from the Faber & Faber course to be invaluable.’

Tracey, who lives in Albury, Hertfordshire, adds: ‘It felt pretentious calling myself a writer but being on a course surrounded by like-minded people eased that self-conscious concern. It is important not to be precious with a book and be prepared to rewrite sections until it feels right.’

Self-help books on writing can also provide support. Among these are On Writing by Stephen King and Nail Your Novel by Roz Morris.

Morris says: ‘Failing to finish a novel is a common problem. You must have a plot that carries you through to the end. Study other books in the genre you hope to write in – looking at key aspects such as the tricks used to keep a reader hooked.’

Self-help books on writing can provide support including Nail Your Novel by Roz Morris

Tracey Waple’s book is published by Endeavour Media and will be available later this month.

WRITE FOR LOVE AND NOT MONEY

Aspriring authors have to accept that all the blood, sweat and tears which go into writing a novel may count for nothing. Dedication is essential.

Clare Empson struggled for ten years to get her book into shape before finally finding a publisher. Her debut, Him, is a dark love story that will be published by Orion on August 23.

ASK AN EXPERT

Put your question to our team of independent experts. Click the more button to email us

more

The 50-year-old says: ‘I would sacrifice weekends away with the family to make progress. I spent countless hours alone writing and rewriting. At one point it got me down and I wondered if it would all come to nothing. But I realised I loved writing too much. Would it make me happier if I simply stopped? The answer was a big no.’

To keep motivated Clare started meeting up with two other writers and they still regularly get together to share thoughts and ideas.

The mother-of-three, who lives in Mere, Wiltshire, says: ‘I also learnt that it was not simply a case of writing a book and then ending it. What comes next is a lot of rewriting – taking expert advice from agents who are skilled at publishing books. You should never stop looking to improve and make your novel sharper and getting the right pace for it.’

Clare is one of the talented – and lucky – ones. She has signed a six- figure international book deal for her novel and a sequel through agent Curtis Brown. But she says money should not be the motivation for writing a book – there are far easier ways to get rich.

Clare Empson struggled for ten years to get her book into shape before finding a publisher

A first-time novelist might receive an advance of just £3,000 plus a cut of any sales – known as royalties – of some 8 per cent. The advance is recouped from royalties so the bigger this is the longer it will take to earn any royalties.

Writers can be dazzled by the exceptions such as Harry Potter author JK Rowling who is now worth £500 million. But the vast majority of authors do not make enough money to live off and write simply for love – keeping the day job going.

TAKE A DISCIPLINED APPROACH

A story idea is the easy bit. The hard part is sitting down to complete the book and find a publisher.

Famous novelists such as James Bond author Ian Fleming managed to write bestsellers in less than a month. But the skill and dedication to get to this level took years – with failure and rewrites part of the process.

Other greats such as W Somerset Maugham made the written word look easy to put down on paper – yet took ‘laborious days’ of studying others to develop their skills. The 20th Century novelist took a decade before completing novel The Painted Veil.

Tracey Waples knows all too well the sacrifices required to write a novel. She would get up at 5.30 every morning so she could start penning her psychological thriller.

She says: ‘For me the secret was to have a routine where I put aside time every morning to write. It was not about reaching a certain word count but instilling a disciplined habit even when I was not in the mood to write.’

SEEK AN AGENT

Sam Copeland is a literary agent at Rogers, Coleridge & White in Notting Hill, West London. He receives 300 pitches a month – almost all of which end up in the bin. He might take on four new authors in a year.

He says: ‘People will always want to write books. But to get it on the bookshelves what you really need is an agent.

‘Most publishers will not touch you without one. Also, an agent is key to making sure a book is in the best shape possible – and help you strike the best deal.’

Copeland believes writers should avoid so-called vanity publishing – where you end up paying a publisher to get your book on the market. A good agent, he says, will edit your book for free.

But he warns: ‘There is no way to sugar coat this. For 99.5 per cent of manuscripts sent in the answer is no. We are not right every time but we are skilled at spotting something with potential. I am afraid that rejection is part of the writing journey.’

Fifty Shades Of Grey writer EL James is worth £40million

Copeland adds: ‘There are no hidden secrets – and gimmicks do not work. It does not matter what the subject is – a script must stand out as exceptional. It must be a book you find hard to put down. A budding author must write with confidence and authority so the words feel right where they sit on the page.’

The fortunate handful that are accepted usually hand over 15 per cent of all the money they make from their books to the agent.

What Copeland and other agents typically want is a brief synopsis, along with the book’s first three chapters. Details of agents can be found in the industry bible Writers’ & Artists’ Yearbook 2018.

GET OUT AND SELL

Writing a book is just the start. You then have to make sure people go out and buy the novel. Those fortunate enough to have an agent who has signed them up to a well-known publisher can rely on the company public relations machine to kick into action – contacting bookshops to stock the novel, organising a launch party and seeing if they can also have the book translated and sold abroad.

But others must do the marketing themselves. There is plenty you can do to help shift your novel off the bookshelf.

Roz Morris says: ‘Formulate a plan of attack. See if you can get family and friends to contact their local bookshop and ask them for a copy of the book – and to order more in.’

Also contact local press – newspapers and radio stations – for interviews about your book and try to organise a signing at a local bookshop.

Kim Nash of publisher Bookouture believes it is important to take advantage of the internet – self-publicising on Facebook, Instagram and Twitter plus exploring the world of blogs.

She says: ‘There is an army of book bloggers out there eager to review new novelists. These include Kim The Bookworm – which is me, CrimeBookJunkie and Random Things Through My Letterbox. Ask them to look at your novel as it helps spread the word.’

Ebooks and even self-publishing COULD earn authors millions

Self-starter: Fifty Shades Of Grey writer EL James is worth £40million

Youdo not need a book deal to get your first novel published. There are self-publishing and ebook options aplenty.

Novelist and writing tutor Roz Morris says self-publishing is not just for amateurs as many professional authors also use it.

The bestselling erotic thriller Fifty Shades Of Grey by EL James began as a self-published ebook in 2011 before being snapped up by a mainstream publisher and turned into a film. The author is now worth £40 million.

Morris says: ‘The self-publishing route gives writers independence and freedom of choice. But it should not be seen as an easy way out. You still need professional guidance and editing to ensure the book is of the highest quality.’

Morris, whose self-published works include Lifeform Three and Not Quite Lost, believes a good starting place is the Alliance of Independent Authors.

This association can provide guidance on reputable firms which can help you self-publish in print and online as well as provide editorial support.

Hiring a professional editor to go through a manuscript can cost more than £2,000 but Morris believes it is money well spent if it transforms a rough draft into a well-crafted novel. Joining a writing group can also help.

You can fork out £200 or so for software that puts a book into ebook form and allows you to choose an off-the-peg front cover. An independently designed cover may cost £400.

You might consider self-publishing providers such as Amazon, IngramSpark, Clays, and CPI. Amazon – through its Kindle Book Publishing arm – charges £790 for a package including software, proofreading and cover design for both print-on-demand and ebooks.

Kim Nash of ebook publisher Bookouture believes companies like hers are also worth contacting because of the expert support they provide. She says: ‘Producing a book does not cost the author a penny with us – though you are only accepted if we believe the book has potential.

‘We offer editing expertise and help with marketing and the cover. You get no advance but receive 45 per cent royalties of any income from selling your ebook.’

Despite the price of online books being between 99p and £1.99, Nash points out that its bestselling author Angela Marsons has sold 2.8 million books online. So ebooks can also be lucrative.

<!- - ad: https://mads.dailymail.co.uk/v8/gb/money/moneybills/article/other/mpu_factbox.html?id=mpu_factbox_1 - ->

SAVE MONEY, MAKE MONEY

* Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

The guide to getting a publisher and making money from your book (2024)

FAQs

How to get a book published and make money? ›

Contents
  1. Write a lot, and to market.
  2. Polish your manuscript with an editor.
  3. Keep as many of the royalties as possible.
  4. Build up your author platform.
  5. Make your books accessible to more readers.
  6. Promote new releases as well as your backlist.
  7. Offer services related to your product.
  8. Study how other authors make money.
Sep 1, 2023

How much do you make when a publisher buys your book? ›

Self-published authors can earn up to 70% royalties from their books, while most traditionally published authors make 5-18% royalties which they only receive after 'earning out'. That means the books sales have “paid back” their advances and the publishers then start giving them a cut of book sales.

Is it better to self-publish or get a publisher? ›

For many authors, self-publishing is the most attainable—and even profitable—method of publication. This is because traditional publishers are highly selective. Unless you are a notable CEO, business leader, celebrity, or influencer, it's difficult to convince a publishing house to take a risk on you.

Is it normal for publishers to ask for money? ›

Some publishers might say you need to cover your own travel costs to events or similar, but no respected house will ever ask you for money in return for them publishing your book – that is NOT how it works! There are some vanity presses out there who try to con writers in this way so please do be careful.

How much do publishers pay first time authors? ›

Book advances often start at $5,000 from major publishing houses. Advances from independent publishers are slightly lower, often starting at $1,000. Authors who work alongside traditional publishers can earn royalties once an advance has been repaid (earning out).

How much does it cost to write a book and get it published? ›

What is the average cost to publish a book? The average cost to self-publish a high-quality book is between $2,000 and $4,000. Many authors spend a lot more or a lot less, depending on their marketing strategy and how much editing and proofreading they pay for.

How much does a publisher pay for a first book? ›

The average book deal for first-time authors can fall between $1,000 to $10,000, depending on factors like publisher size and competitor landscape.

What is considered a good book deal? ›

Once the book hits shelves, the author typically receives a smaller percentage of each sale. In general, a good deal will fall somewhere between $100,000 and $250,000. Of course, there are always outliers on either extreme, but this is a pretty good range to expect.

What happens when a publisher buys your book? ›

There are two main financial components of a book deal with a traditional publisher. The first is called the advance and the second is called royalties. The advance is a lump sum that the publisher pays to the author for the right to publish and distribute their book.

Which publisher is best to first time authors? ›

16 Wonderful Publishers For First Time Authors
  • Avon Impulse. Avon is looking for big, high concept historical and contemporary romances. ...
  • Baen Books. ...
  • Black & White Publishing. ...
  • Coffee House Press. ...
  • Chicago Review Press. ...
  • Chronicle Books. ...
  • DAW. ...
  • Entangled Publishing.
Mar 25, 2022

How much does it cost to put a book on Amazon? ›

KDP allows you to self-publish eBooks, paperbacks, and hardcover books for free. We give you direct access to your book on Amazon, and allow you to create a product detail page for your book.

What is the average cost to self-publish? ›

The cost of self-publishing depends on a lot of things — mostly, how much you're able to DIY. But on average, it costs between $500 and $5,000 to self-publish a book.

Do publishers pay authors upfront? ›

Traditionally under the contract the author will be paid an up-front sum, known as an 'advance' (advances are generally modest these days).

Do publishers own your book? ›

Generally, when publishing a book, the author grants the publisher a licence. Whereas it is common for authors to assign copyright in journal articles to the journal or publisher. This is a copyright transfer agreement, where the author grants all of their rights as author and copyright holder to the publisher.

Should I send my book to a publisher? ›

If your manuscript has the potential for mass appeal or fits into a popular genre, such as young adult fiction, you probably want to work with a big-name publisher who can distribute your book widely. In these cases, you should get yourself a literary agent.

Is it profitable to publish a book? ›

Yes. It takes a solid publishing plan to get your book out to the world. How much money can you make from writing a book? According to recent reports, the median income for authors is around $10,000 to $20,000.

How profitable is making a book? ›

A first-time author of a traditionally published book can usually expect an advance of $1,000 to $10,000 and a 5% to 18% cut of the royalties. Many self-published authors have reported earning up to 70% in royalty fees for their ebooks although they do not receive any advance payment.

How can I publish a book with no money? ›

Voilà, 8 Best Free Self-Publishing Sites to Know in 2024
  1. Amazon KDP. If you're familiar with the topic of self-publishing, then you know Amazon KDP is THE place to publish as an indie author or publisher. ...
  2. PublishDrive. ...
  3. Barnes & Noble Press. ...
  4. Apple Books. ...
  5. Google Play Books. ...
  6. IngramSpark. ...
  7. Kobo Writing Life. ...
  8. Dreame.
Jan 19, 2023

How do self-published authors get paid? ›

Self-published authors receive royalties on a monthly basis, with a delay of about three months on the sale. eBooks bring in more royalties than print books, so you may find a lot of self-published authors only offer that format. (Did you know you can buy my books, directly from my website?)

Top Articles
Latest Posts
Article information

Author: Lidia Grady

Last Updated:

Views: 5494

Rating: 4.4 / 5 (65 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Lidia Grady

Birthday: 1992-01-22

Address: Suite 493 356 Dale Fall, New Wanda, RI 52485

Phone: +29914464387516

Job: Customer Engineer

Hobby: Cryptography, Writing, Dowsing, Stand-up comedy, Calligraphy, Web surfing, Ghost hunting

Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.