In my last post I showed that writers were not making any money from me even though I am an avid reader. I believe that I am not alone in this. People that read a lot, unless they have a lot of money to spend, buy most of their books in used book stores and garage sales. Of course someone is buying them or there would be no books in those used book stores. My dad (when he was alive) and step mom, even though they had plenty of money came home from the library with arm loads of books. Westerns, and detective stories for my dad and romance for my mom.
I just did a little research about the baby boomers generation that is on the verge of retiring. Ten million will reach retirement age in the next six years. I am going to guess that 5 million of these will be like me, that is cheap or at least not much money in the budget for new books. Now a retired person can easily read two books a week. That would be around 100 books a year. Five million people reading 100 books each equals 500,000,000 (five hundred million) books. Now if each of these books sold for $3.00 in a used book store that would be 1.5 billion dollars in sales. A good profit for the used book sellers but nothing for the writers of all those books. If that money went to the top 5000 writers equally they would each make $300,000 a year. continue reading…