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Plenty of indie authors are doing well on Amazon at $1.99 prices, making more than they would for the typical first advance of $5,000-$7,500 they would get from NY. I am not selling more than 10 copies a day of a book that's been out of print for 5 years that sold 35,000 copies yet didn't keep me up there in the majors (for now). You say 10 copies a day isn't a lot, and I agree, except in three years at that rate i will make more than I did from NY with no worry about being dumped out of print. Other writers are getting movie deals and major NY deals from their indie releases.
I'd still take the "suffering" of getting "only" a $50,000 advance and having to scrape by on royalties of backlist, but for now I do what I can do. Amazon authors sell many times more than they do on Smashwords.
Scott Nicholson
The Red Church
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