Doctors can earn substantial amounts of money through writing.
Successful physician novelists like Tess Gerritsen, MD can earn seven figures each year.
Physician authors of trade and text books published through traditional publishers typically receive a royalty of 10-15%. The amount earned will depend upon the price of the book and the number of sales. Keep in mind that many technical/medical books sell at a very good price, so there is money to be made here.
Physicians can also self-publish their books where they retain all the money from sales, less expenses.
In addition, physicians often serve as technical writers where they can earn in excess of $100/hour for their work. Physicians can do this full or part time. Full time physician medical writers can earn as much or more than some physicians in clinical practice.
Not to be overlooked is the fact that writing and publishing often leads directly and indirectly to teaching and consulting assignments where physicians could earn $250-$500 or more per hour. In addition, proven writing skills can also lead to offers of non-clinical employment.
The bottom line is that there is significant money to be made for successful physician writers.
For more on making money from writing, please see SEAK’s seminar, How to Earn Money as a Physician Writer, which will be held on September 20-21 in Cape Cod, Massachusetts. SEAK’s current schedule of seminars for physicians can be found by clicking here.
James J. Mangraviti, Jr., Esq. is the co-author of 27 books. He has had books published by Wolters Kluwer, Aspen, St. Martins, Wiley and Apress. In addition, he has self-published numerous books through his company, SEAK, Inc. Mr. Mangraviti’s titles have generated sales of several million dollars and have helped him to launch, expand, and nurture a successful career in lecturing, customized training and consulting. One of his consulting specialties is showing physicians how to supplement their income. Mr. Mangraviti currently serves as Principal of SEAK, Inc. He received his JD cum laude from Boston College Law School and his BA summa cum laude from Boston College. He is the co-creator and a faculty member for SEAK’s seminar entitled How to Earn Money as a Physician Writer.