Skip to content
Home ยป How Much Money Can a Fiction Writer Make?

How Much Money Can a Fiction Writer Make?

Fiction writers can make anywhere from a few thousand to seven figures a year. The amount of money they can make depends on a number of different factors, not least of which is the size of their following. Smaller authors may earn less money, but they can more easily monetise their work. Larger more established writers can charge more and can negotiate better rates with publishers. Being able to charge more also makes it easier to invest in professional editing and proofreading to polish your book and make it perfect. Without careful consideration of all these factors it can be difficult to know how much money you can actually expect to make as a fiction writer.

The Perks Of Being A Full-time Writer

Once you’ve decided that writing is for you, the next step is to figure out how much money you can actually make. Depending on a number of different factors, fiction writers can make anywhere from a few thousand to seven figures a year. It’s certainly an interesting job to pursue, but as with most things in life, there are both pros and cons.

On the plus side, being a full-time writer means you get to live your dreams. You can write what you want when you want and the only limit is your imagination. You also get to create your own schedule which you can adjust as you see fit. Some full-time writers choose to work a few hours a day or a few days a week and then have the rest of the time free to spend with their families.

The downside is that, like most other jobs, there’s a lot of competition for freelance work. It can be difficult to get freelance projects, especially if you don’t have a lot of experience. Even then, it’s difficult to know how much you’ll actually be paid until you’ve completed the project. The more you know how much others are earning, the better position you’ll be in when it comes time to negotiate.

The Typical Day In The Life Of A Fiction Writer

Being a fiction writer isn’t like being a regular writer. You won’t wake up one day and decide that you want to be a fiction writer. It’s more like falling in love and then deciding to live your life with your beloved. You’ll work hard to establish yourself as a respected and valued author and eventually you’ll land a book deal.

The rest of your week will be filled with meetings, phone calls, and editing sessions. Most days will start with a morning coffee with a friend or family member and then you’ll hit the desk. Work will continue throughout the day with occasional breaks to eat and/or drink. There will also be times when you’ll need to research a topic or two for a specific scene and depending on the time of day and how much energy you have, you may choose to either work straight through to the evening or take a short break to eat, shower, and/or sleep. It’s quite the romantic idea, isn’t it?

You’ll need to set your own hours and meet regularly with your editor to talk through the progress of your work. Depending on the size of your following, you may need to wait until you’re published to start earning decent money. But once you do start seeing some profit, you’ll have the ability to take on more work and increase your earnings quickly.

The amount of money you can make as a fiction writer depends on a number of different factors, not least of which is the size of your following. Smaller authors may earn less money, but they can more easily monetise their work. Larger more established writers can charge more and can negotiate better rates with publishers. Being able to charge more also makes it easier to invest in professional editing and proofreading to polish your book and make it perfect. Without careful consideration of all these factors it can be difficult to know how much money you can actually expect to make as a fiction writer.