“5 hours a day, 3 million won a month”… What is this, a craze among office workers?
“4 days a week… 5 hours a day… but you can make 3 million won a month?”
‘Web novel writing’ is a popular side job among office workers.
This is due to the income and working hours of web novel writers. The average안전놀이터 working time of web novel writers is known to be about 4 days a week, 5 hours a day.
There is much less pressure than typical office working hours, and you can work flexibly at any time. The average annual income of 35 million won also makes it an attractive choice for a side job.
Yesterday (7th), the Ministry of Culture, Sports and Tourism announced the 2022 status survey of the web novel industry. The average income and working hours of web novel creators were also revealed. The average income of 500 writers (ages 20 to 69) who created web novels over the past year was found to be 34.87 million won in 2021. The average working time was found to be 4.3 days per week, 5.5 hours per day.
What is noteworthy is that the proportion of their income unrelated to web novels is larger. The percentage of side-hustle writers who have a separate main job is quite high. The composition of their income was found to be 46.1% from serials and 52.8% from income unrelated to web novels (other income).
Regarding other sources of income, 53.5% worked for other companies or worked as freelancers, and if daily and part-time workers were included, the rate reached 64.2%. This means that more than half of web novel writers have a ‘side job’ or ‘two jobs.’
In fact, the popularity of ‘web novel side jobs’ is so great that a market targeting side job writers has emerged. Some web novel academies say, “It’s perfect for working people to do as a side job!” They even opened a course for side jobs with the phrase, “Let’s learn web novels.” In addition, a web novel course for side jobs was also opened on the freelance market platform Kmong. There is continued demand from office workers looking to write web novels as a side job due to the low time commitment and attractive annual income.
The reason for being able to earn a decent annual income with a small amount of time invested is the number of paying users and the explosive growth of the market. Among users who viewed web novels at least once a month, 77.8% responded that they had paid experience. Additionally, it was found that they spend an average of 14,476 won per month on web novel payments.
The scale of the web novel industry is also rapidly expanding. Last year, the market size exceeded 1 trillion won. This shows explosive growth, increasing from 640 billion won in 2020 to about 400 billion won in two years.
Due to the popularity of web novels, there are many people who aim to earn 100 million won per year. In the case of Naver Webtoon, which is known to be the best in the industry, there are three main areas of profit generation: ▷ paid sales transaction amount ▷ advertising through webtoons and web novels ▷ IP business such as video and gamification .
The industry explains that if you add the paid sales transaction amount, which is known to be 60-70% distributed to the author, and the monthly fee, which is known to be the highest level in the industry, it is not difficult to earn 100 million won per year.
Due to the popularity of web novels, the scale of the industry has grown explosively and the treatment of web novel writers has also rapidly improved, so the popularity of web novel side jobs is expected to continue for the time being.