How much do you make Publishing a BookWhat do you earn by publishing a book?
Are self-publishing writers earning more?
At The Alliance of Independent Authors we try to get an explanation to this one. Speaking at the Digital Minds Conference at the London Book Fair recently, Jon Fine said that self-published works now make up the best 30% of Amazon's work. Suppose these publishers have posted directly on Amazon, and even if they charge low rates for their work, there is a good chance that they will take more cash home than the retail publishers who share their highest bill.
This is also the case for the entire list, as self-publishing pays a higher, in many cases much higher percentage than specialist publishing. Writers always prepay for the publication. Amazon, Apple, Ingram, Kobo, Nook and Smashwords are not" free", as some do.
This is a service that does not make its payments in advanced but at the point of sales. And specialist publishing houses do not "pay" for the work of an author, as some maintain, but rather - just like self-publishers - give the author a share of the revenue from a book and ( (sometimes) an advanced contribution to this revenue, in addition to the remuneration of some additional work such as editing, designing and advertising.
As of February 2014, best-selling writer Hugh Howey and an undisclosed co-author "Berge" have been collecting information from Amazon's on-line best-seller list, gathering information on tens of thousand of books and publishing the information on-line, along with a pedigree and Hugh's review of what it all means. A few facts from the first Hugh and colleagues review (Genreiction, Mystery/Thriller; SF/Fantasy; Romance): 53% of best-seller listings were either self-published or from an individual publishing house, representing 43% of day-to-day circulation, versus 34% of Big Five stocks (Hachette, Harper Collins, Holtzbrinck/Mac, Penguin/Random House and Simon & Schuster).
"The Big Five make up only 32%, although DVD and small print editors make up only 24% of Amazon's day-to-day online revenues and Big Five 52%. That is because the specialist publishing houses do not pass the revenues on to the author, Hugh points out, and he appeals to the specialist publishing houses to reduce their editions in other areas and pass them on to them.
The work of Hugh Howey and his co-worker as the first author-centered effort to deal with quantative information is to be warmly praised. You think that even publishers deserve more? Working for the Alliance of Independent Authors and the Creativist Club, she enables writers and other principal business owners to create effective creatives around the work they like - the path to creativity.
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