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Can Indie Authors Afford to Quit Their Day Jobs?

July 2, 2014 8 comments

One of the questions I was asked in a recent interview –  Can a newbie writer hope to make decent money out of self-publishing?

I was startled to see this question because it seems very obvious to me (and to a lot of other Indies, I’m sure) that self-publishing is where the money is. Where else can you expect to get royalties of 65-70%?

In traditional publishing the superstars – the Stephen Kings and the Nora Roberts –  are the ones making serious money. Everyone else is obliged to hang on to their day jobs.

This is quite different from self-publishing where even mid-list authors – people you might never hear about – are quitting their day jobs because they are able to pay the bills. The reason you might never hear of them is that  they need to sell a mere 75 ebooks each day at $2.99 in order to make a living.  The amount people seem to agree is a  living wage? $50,000.

But I guess all of this may not be very obvious to a lot of people, so I thought I’d point you to a couple excellent blog posts. You can decide for yourself.

The Passive Guy: Indie Authors Are Quitting Their Day Jobs.

The second post is by the amazing Hugh Howey: Newbie Author Declines $120,000 3-book Deal

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