Thursday, March 3, 2011

Kindle Store Economics

An amazing report on how some indie writers are enjoying great success through Amazon Kindle. (Via A Momentary Taste of Being.)
Amanda Hocking is 26* years old. She has 9 self-published books to her name, and sells 100,000+ copies of those ebooks per month. She has never been traditionally published....And it’s no stretch to say – at...70% per sale for the Kindle store – that she makes a lot of money from her monthly book sales. (Perhaps more importantly: a publisher on the private Reading2.0 mailing list has said, to effect: there is no traditional publisher in the world right now that can offer Amanda Hocking terms that are better than what she’s currently getting, right now on the Kindle store, all on her own.)

And that is stunning news.
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2 comments:

Julygirl said...

Hard to fathom.

Anonymous said...

This story is fascinating!