Quote:
Originally Posted by fjtorres
Here's the Author Earnings link:
http://authorearnings.com/report/the...author-report/
They found a *lot* of interesting "hidden" facts about tradpub, like how two thirds of tradpub profits (and authir earnings) come from ebooks or that a similar amount of their gross comes from a small group of old, established authors. Everybody else is just catalog filler and has minimal importance to the bottom line individually.
Worth a detailed reading.
With the proviso that nobody gets to choose to publish traditionally (the choice is not theirs to make, they only choose to *try* to be chosen)today, the fastest way to ramp up an actual *career* as a writer is through Indie ebooks.
It is not a path to instant riches (neither road is) just the higher probability road even *after* getting selected for traditional publishing.
That particular author's chances of getting a second book published now depends on how he got the contract (does he have insider relationships), what type of contract he was given (multibook or single title) and what expectations the publisher had af the time. The higher the initial expectations, the higher the chance the book will be considered a failure and be done.
Put another way: unless a newcomer author thinks they're another Patterson or King, the higher probability road to success (for whatever value they attribute to "success") is to start out with Indie ebooks. |
I am guessing that Hugh and Data Guy did their homework and excluded formally traditional published authors in that 700.
Though it is cool there are at least 700 self-published authors making some money.