“I haven’t crunched the actual numbers, but let’s assume a novel is about 100-300 hours of work (I’m pretty sure that a historical novel, with all the research and fact-checking is a lot more than that) and you do manage to sell those 6,700 copies and do make $2,000 for a book. If you average the production time (200 hours), that would be a theoretical $10/hour (before tax, before cost like internet connection, heating, research books). That’s about £6/hour. Minimum wage in the UK is £6.50/hr, while London “living wage” (how much you need to cover living costs in London) is £7.85/hr.
Now, I’ve made more making sandwiches at gas stations (EUR 9/hr), which required about a 30-minute training. Yes, everybody can write, but to write something other people want to read takes tens of thousands of hours of practice, which isn’t paid and incurs quite a bit of cost as well. I’d estimate if you’re working very hard and have access to mentoring and how-to books, it will still take 3-7 years to train yourself to become a writer who can write a decent story. I’ve been writing and learning for 20+ years.
And we often forget all the other hours an author spends on supporting their books and being available to readers: answering reader emails, blogging, paying out of pocket for print books for giveaways, swag, attending conferences, postage and admin for sending signed print books around the world, responding and being present on social media, responding to thousands of messages and questions overall. All those are hours not spent writing or doing a day job. I believe they have value.”