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How Publishing Works

· Around 70,000 titles are published a year in Britain, of which 6,000 are novels

· Any large UK publisher will receive 2,000 unsolicited novel manuscripts in a year

· The average sale of a hardback book by a first-time writer is 400 copies

· Many publishers use this rule of thumb to work out advances: they pay 50 per cent of the royalty earnings expected from the first print run

· According to the latest edition of Private Eye, first novel The Thirteenth Tale by ex-teacher Diane Setterfield (author’s advance £800,000) has sold 13,487 copies to date. Only 516,129 to go and the book’s paid for itself…
Full article here

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2 Responses to “How Publishing Works”

  1. Mike Says:

    I’ve consistently read that the number of titles is are far larger – around 120,000 to 150,000 new titles per year, of which about half are fiction. Why the inconsistency. I must say that 7,000 sounds far more reasonable.

  2. Mike Says:

    PS – That’s my typing that went askew, not my sentence construction. Really!

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