I am a little puzzled:
Quote:
|
Joe Konrath has an interesting interview with independent writer John Locke who currently holds the coveted #1 spot in the Amazon Top 100 and has sold just over 350,000 downloads on Kindle of his 99 cent books since January 1st of this year, which, with a royalty rate of 35%, is an annual income well over $500k.
|
350,000 downloads at $1 (let's make it round figures) means sales of (obviously) $350,000. 35% of $350,000 is $122,500. Where does this figure of "well over $500k" come from?