
A poet who sells out their entire first printing stands to make $1,249
I was reading a review of Derek Beaulieu's Do It Wrong: How to Be a Poet in the Twenty-First Century and I was really struck by this quote (the block quote is Beaulieu, the second part the reviewer):
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Following on from this premise, Beaulieu notes that, of the estimated $12,475 grossed from the sale of said 500 books, an author on a 10% royalty deal will make approximately $1,249 after the publishers, distributors and bookstores have taken their cuts; that even this paltry sum is an optimistic scenario given how few titles actually sell out even a single printing; and, looming above all this, that poetry makes up a mere 0.12% of total book sales."
$1,249 total is like $5 a week. The economics of contemporary poetry are insane.