Most #self-pub #ebook #authors are earning more $ on fewer books and earnings discrepancy will grow greater over time, favoring the #indie authors! Full explanation and more data in article linked, below.
A few more excerpts, paraphrased for Twitter, just to whet your appetite!
86% of top 2,500 genre fiction bestsellers + 92% of Top-100 best-selling books in overall Amazon store are e-books!
Indie authors outnumber trad pub authors in every earnings bracket but one. Even extreme outliers do better w/self-pub.
Self-pub authors make 50% more profit than trad pub, even though indie books represent only half of the gross sales revenue.
“Our data suggests that even stellar manuscripts are better off self-published.”
“When given a choice, readers will buy books other than those vetted by [the New York Times]. The Kindle bestseller lists prove this.”
image from http://www.wow-womenonwriting.com
Advice self-pub author, Hugh Howey (article author), gave publishers three years ago, when the Big 5 were still the Big 6. Did they follow it? What do YOU think? (From the same article):
“Publishers should stop trying to convince themselves and others that they’re relevant, and start actually being relevant. Here’s how:
1. Offer much better royalties to authors.
2. Release titles faster. It can take 18 months after a book is turned in to be published. I can do it myself in a week.
3. Use up-to-date accounting methods that are trackable by the author, and pay royalties monthly.
4. Lower ebook prices.
5. Stop futilely fighting piracy. Hint: all such fighting is futile. Piracy can only be made redundant with cost and convenience.
6. Start marketing effectively. Ads and catalog copy aren’t enough. Neither is your imprint’s Twitter feed. Especially if your author has more Twitter followers than you do.”
Link to article I’m referencing, here:
Are you an author (either or both trad and indie/self-pub)? DO THIS!
“The authorearnings.com website is now up and running again. Even if you’ve read the info here, I encourage everyone to visit http://authorearnings.com and take the Author Survey and sign the Petition.”
Thanks, Joe Konrath and Hugh Howey!
If you’d just like to read Hugh’s report without the Q & A and conversation with Joe (less entertaining, but shorter), here is the link: