Notes from An Alien

~ Explorations In Reading, Writing & Publishing ~

Tag Archives: Make Money with Selfpublishing

#AuthorEarnings ~ Are There Any?


Sure, folks with lots of money can buy their way into the BookWorld and sometimes make a killing.

Author Earnings

Image Courtesy of José A. Warletta ~ http://www.freeimages.com/photographer/jwarletta-34460

Then, there are the very few authors who happen to land a publishing deal and continue to make a decent amount of money.

Still, most writers make very little

But

Between “most” and “the very few” there are “lots” of authors doing fairly well.

Enter author Hugh Howey and his anonymous “DataMagician” who have been raising a ruckus about IndieAuthor earnings.

I did a post last year with lots of links to their various studies—Author Earnings and What’s Really Going on in the Book World.

Today, I’ll share some info from their latest report—May 2016 Author Earnings Report: the definitive million-title study of US author earnings.

They begin with:

“Data in the publishing biz is hard to come by. Without widespread sharing of data by retailers, publishers, agents, and authors, we are all left like the blind to describe different parts of the same but seemingly disjointed elephant. Two years ago, AuthorEarnings released its first report on a new part of this elephant: E-book sales on Amazon.com. Our report stirred controversy, as it described a formerly unseen world of publishing data.”

They then reveal:

“So for this report, we went deeper. Instead of just looking at Amazon’s bestseller lists, we had our spider follow links to also-bought recommendations and also through each authors’ full catalog. This resulted in a million-title dataset, our most comprehensive and definitive look yet at author earnings. We were able to tally up precisely how many indie authors, Big Five authors, small/medium press authors, and Amazon-imprint authors are currently making enough from Amazon.com sales to land in a number of ‘tax brackets’.”

And, no matter what you personally feel about Amazon, they do sell an amazing number of books (and diapers…).

Here’s a breakdown of what they captured info on:

Nearly every single Kindle book selling 1 or more copy per day. (98.5% of them)

90% of all Kindle titles selling at least 2-3 copies a week

81% of all Kindle titles selling 1 or more copy a week

64% of all Kindle titles selling 2 or more copies a month

32% of all Kindle titles listed in the Amazon US Kindle store.

There’s lots of analysis of the numbers from their latest data-exploration in the full article; but, I’ll share a bit of what I consider important:

“…the Big Five’s year-long plummet in overall ebook unit sales appears to have finally leveled off, leaving them with roughly 23% of Amazon’s ebook unit sales.”

“…every author who debuted anytime in the last century and is currently accumulating income at a rate of $10,000 a year or more from their Amazon US sales alone….almost 9,900 such authors”

“…Almost half of those 9,900 authors also appear in the $25000-or-better bracket…”

“…over 2,500 authors…are currently earning at a living-wage run rate — $50,000/year or more — from just their Amazon sales.”

“1,340 authors are earning $100,000/year or more from Amazon sales.”

And, just in case you wondered:

“On Amazon alone, the data shows over a thousand indie authors earning a full-time living right now with their self-published titles.”

However, doing a little math with a few of their numbers, it seems there are over 300,000 book sales a day on Amazon—and, my best intuitive guess is that somewhere around 100,000 authors are selling those books (which should mean there are many more authors selling none)

I think we’re still able to say most writers make very little

And, if you want to do a little self-therapy on why writers continue to work at writing and attempting to sell their books, check out my past post—Selling Books Is Hard. ~ So, Why Do Writers Keep Trying?
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Have We Hit A Landmark “Moment” in Self-Publishing?


There’s been So Much press about self-publishing…

Self-Publishing's Future

Image courtesy of Wilton Rodrigues ~ http://www.sxc.hu/profile/wilton

I’m nearly exhausted just trying to keep up…

Now, The CEO of Smashwords says, Ebook Publishing Gets More Difficult from Here – Here’s How to Succeed.

The article’s topic headings about the slowdown are:

1.  There’s a glut of high-quality ebooks

2.  The rate of growth in the supply of ebooks is outstripping the growth in demand for ebooks

3. The rate of transition from print books to ebooks is slowing

Then, there are no less than 20 topic headings for How to Succeed in the Future Competitive Landscape

Most of the article is centered on authors who expect to make a living with self publishing.

For those who write and self-publish for reasons other than money, check out the article on The GuardianSelf-publishing’s vices and virtues.

After a penetrative look at the less lovely side of self-publishing, the author says:

“Interviews with many self-published authors have taught me that there are often issues of more importance than sales. For many, the material they want to publish has long burned inside them and the process of self-publishing delivers a profound satisfaction.”

“[Self-publishing]…also allows people to create products that bring huge personal pride, even if they include a few spelling mistakes and grammatical errors. As a process, the value of self-publishing to communities who want to share or preserve material is huge. But for its reputation to be assured as a medium for reading pleasure, the desire to go public straight away must be resisted. Just because you can share immediately does not mean you should. There is a world of difference between attention and approval.”

So…

There are still huge differences of opinion about why to self-publish; plus, we might be witnessing a major landmark “moment”…

Still, I feel self-publishing is the Future for Books………
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