The publishing industry is in a state of flux, and the cause is…just 40 self-published authors
Source: Only 40 Self-Published Authors are a Success, says Amazon
I am beginning a journey into the world of writing with a Supernatural Urban Fantasy Novel called GREY. The first book in the Covenant of Shadows trilogy. Hoping to bring a few more minds along with me for the ride.
February 9, 2016 at 3:11 PM
This is good information. Yes, the publishing industry is morphing, and nobody knows what it’s going to turn into. I can’t help but point out – this says 56% of self-published authors make about $11k annually on their books. Only 40 authors “make it”, selling over a million copies in 5 years. If they’re pricing their ebooks at $2.99 or above…that’s $2 million or more in 5 years. $400, 000 a year. 40 authors…that’s gotta be way less than even 1%. So…almost 44% of self-published authors make anywhere between $11k and $400k annually selling their books. Is that really “not making it”? Food for thought, and it’s nice to see how things are changing finally. Everyone deserves to put their fantastic books out there, one way or another.
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