I am a professional author. I know this because I collect royalties from a book I wrote. Today, I got two 1099 forms from Amazon. One is for the Kindle version of my book, the other for the paperback (trade) version.
The total for 2015 was … are you ready? $6.89 for the year.
I don’t know how I spent all that money. It leaves me breathless. The good news is I’m pretty sure 2016 has already proved more lucrative than all of last year . It’s only the beginning of February, but I’ve breached the $10 bottom line and may hit the heights of greater than $25 — the amount at which the I.R.S. wants to know about you.
This is probably the only time that having the I.R.S. notice you feels good.
It turns out that giving my book away for free (or almost free) does not generate royalties. I remember one month where the total royalty was 5 cents and many months of royalties direct deposited to my account which were much less than a dollar.
That being said, I’d rather you read it and find it worth the time, than have it molder unread — the fate of most books of this type.
To all of you who “read me” this year and were kind enough to tell me you enjoyed my book, thank you. Very much. Though “The 12-Foot Teepee” may not generate a lot of money, your enjoyment makes me feels rich.
Wealth is more than a number.