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