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Originally Posted by Fbone
Authors hoping to support themselves by writing full-time live day-to-day in perpetual fear.
Regarding who makes a living: Are there more best-selling Agency authors in the Kindle million club or indie authors?
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Are the Agency million-club authors making more money than indie authors who've sold 250,000 ebooks? Are there more quit-the-day-job authors among Agency authors or indie authors?
Pointing at the top .5% of any field is disingenuous. The issue for authors isn't, "could I be the next Konrath/Hocking/Locke;" it's "ten years from now, would I have made more money sorting this out on my own, or signing some of my rights away for business & editorial assistance?" There's not going to be any one right answer--but the Agency publishers are showing themselves less concerned with the welfare of their authors than supporting their choice of business model, regardless of whether that's better for authors or the public.
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Mark Corker of Smashwords has said there are less than 50 authors (out of 14,000) that make more than $50,000/yr.
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I'm surprised it's that many. Smashwords has been around a bit more than three years, and already there are several dozen authors making a (potentially) full-time income from its sales? Yay! And I know there are more at Amazon. (Konrath's making a fine living, and his Smashwords sales are pretty much nothing.)