As a self-publishing author, you may find it helpful to stay up-to-date on the trends and news related to the self-publishing industry. This will help you make informed decisions before, during and after the self-publishing process, which will lead to a greater self-publishing experience. To help you stay current on self-publishing topics, simply visit our blog every Tuesday to find out the hottest news.
Self-Published Authors Make A Living — And Sometimes A Fortune (http://www.npr.org/blogs/money/2014/07/25/334484331/unknown-authors-make-a-living-self-publishing)
This article discusses how much money self-publishing authors make and how some authors are able to make a “fortune.” It also discusses Hugh Howey’s report that suggests that self-published authors make more money overall from ebooks than those signed with the big five publishing houses. It is an interesting read for all authors.
31 Percent of Daily E-Book Sales Are Now by Self-Published Authors
According to a report by the author’s advocacy group Author Earnings, self-published ebooks now account for 31 percent of daily ebook sales on Amazon, and self-published authors are now earning nearly 40% of all ebook royalties on the Kindle store. This data is very encouraging to independent authors.
Surprising Self-Publishing Statistics
This article also looks at the report released by the group Author Earnings as well as a 2014 survey from the founder of Smashwords. Key findings include:
- The Big Five traditional publishers now account for only 16% of the e-books on Amazon’s bestseller lists. Self-published books now represent 31% of e-book sales on Amazon’s Kindle Store.
- Indie authors are earning nearly 40% of the ebook dollars going to authors.
- $2.99 and $3.99 are currently the pricing sweet spots for most ebook bestsellers.
- Readers prefer longer ebooks. In fact, bestselling books tend to be over 100,000 words.
- Pre-orders give authors a sales advantage.
Be sure to check out the full article for more surprising statistics!
If you have other big news to share, please comment below.
|ABOUT KELLY SCHUKNECHT: Kelly Schuknecht is the Executive Vice President of Outskirts Press. In addition to her contributions to the Outskirts Press blog at blog.outskirtspress.com, Kelly and a group of talented marketing experts offer book marketing services, support, and products to not only published Outskirts Press authors, but to all authors and professionals who are interested in marketing their books and/or careers. Learn more about Kelly on her blog at http://kellyschuknecht.com.|