Issues in the publishing industry:
Indie, Traditional, or Can writers actually make money? A lecture with Imogen Fletcher
The traditional route has been the emerging writer approaches a small independent publisher, who
sells to an independent bookstore who the reader will buy from.
These days, you can cut out the middlemen, and go direct to the reader. E-book royalties give you
about 40-70% of what you charge for it.
Consider the tale of Amanda Hawking: Got about a million rejection slips, sold her work to the
Amazon store for 99c, and made a lot of money, and got a traditional publisher 4-book deal. At the
time of writing, there are 1,958,510 books in the Kindle store. However, the odds are that you will
sell 150, with lower numbers for an unknown. The point is, you have a lot of hard work to do.
You could operate in a niche, but others promote themselves, build an online presence and build a
Take Scott Sigler. He gives all that he writes away, and he has been traditionally published, and he
pioneered audiobooks. He said that if you did EVERYTHING yourself, you make about 85% royalties.
If you want to publish, and you’re new to this, you probably will come across JA Konrath. He
promotes ways to publish your own work. He’s a militant DIY publisher, who claims that publishing is
In the past, you had 45-25$ books. These days, you can get a few people who can pay a lot, in order
to get a lot of content, and most people will pay very little for very little. You can combine this with