Amanda Hocking doesn’t have a deal with a major book publisher. Just as well, because she’s making millions self-publishing through Kindle, selling 100,000 copies of her books each month and keeping 70 per cent of the proceeds.
How? Volume. Hocking sells her work for three bucks a pop. That means lower revenue, sure, but she has literally no overhead. She just has to dole out Amazon’s 30 per cent cut and keeps the rest – an estimated $US2 million per year – for herself. You’re jealous. That’s OK! Just go write your own novel or three, slap ‘em on Kindle, and hope you get noticed in the sea of thousands of independently published titles. [Business Insider]
Sarah
Tuesday, March 1, 2011 at 9:31 AMThere is still a lot of negative stigma attached to self publishing – the decline of the quality of the written word, real writers don’t need to self publish ect. good on her.
moloko
Tuesday, March 1, 2011 at 11:49 AMDamn Amazon gets a nice cut
Steve
Wednesday, March 2, 2011 at 6:36 PMAs opposed to… Apple, which wants its own 30% cut on top of the publisher’s 30% for all continuing subscriptions.
The real question is what this woman’s writing.
Geoff
Sunday, March 6, 2011 at 5:43 AMIf you think 30% is a lot, you might be surprised to know that for many tangible goods like DVDs and books it’s 55%.