Sadly, that’s true. I read somewhere that the average fiction author earns $5,000 a year from his/her writing.
However, the e-market is changing everything, including the potential for making as much money as you are willing to work for.
And I do mean work. Two kinds of work are involved and each is equally important if you wish to make more than $5,000 a year.
The first kind of work is the actual writing. Write what people want to read that you can write well enough that they will want to part with some of their hard-earned money to read it.
The second kind of work is marketing because the today’s market is so over-full of fiction, both e-published and bricks and mortar, that getting your wonderful work noticed by enough people to actually make money by selling it is very difficult indeed.
The bad news is that both are hard work.
The good news is that both are possible.