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]