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We Live in a Literary World of Terrible Self-Published Authors
There are a copious number of online self-publishing companies that promise aspiring authors the opportunity to distribute their ebook all over the world. Millions of authors publish with Amazon Kindle Direct Publishing, Draft2Digital, Kobo Writing Life, Nook Press and Smashwords. Most “authors” who self-publish an ebook never sell more than a handful and over 75% of all authors never earn a living through their writing. We live in a world full of terrible e-book titles that ruin ebook discovery and make it difficult to find a good book. It is no small wonder why e-book sales have plummeted in recent years.
YouGov conducted a recent poll that said the most desirable job in is an author – with 60% of people saying they’d like to do it for a living. This is a 24% higher than those who want to be a TV presenter and a remarkable 29% higher than those who want to be a movie star. I can see why being an author would be sexy, you only have to look at the success of J.K. Rowling. Sadly, being an author does not earn significant revenue. A survey of 1,007 self-published writers – one of the most comprehensive insights into the growing market to date – found that while a small percentage of authors were bringing in sums of $100,000-plus, average earnings were just $10,000 a year. This amount, however, is significantly skewed by the top earners, with less than 10% of self-publishing authors earning about 75% of the reported revenue and half of writers earning less than $500. Meanwhile in the United States the median household income in the US is $52k per year and the average indie author from the USA earns less than $100 over the lifetime of their book.
Self-published indie authors are verifiably capturing at least 24% – 34% of all ebook sales in each of the five English-language markets; it’s not just a US-only phenomenon. When you also include the uncategorized authors, the vast majority of whom are also self-published, the true indie share in each market lies somewhere between 30% – 40%. Sadly the lionshare of the revenue that indie authors generate are by the quintessential 1% who are generating a few hundred thousand dollars a month and everyone else is fighting over the scraps.
Many authors do not derive their primary living from their literary works and are considered chiefly hobbyists. They are simply amateurs who submit books just because they can. There is no quality control mechanism for companies that offer self-publishing solutions, they are just really happy to have as many users as possible. They play the numbers game, the more authors that publish, the more money they will generate from commissions, even if it just a few sales per title, it all adds up. Smashwords CEO Mark Coker will lambast authors who exclusively publish with Amazon, because the more writers that do that, the less money Smashwords will generate. For all of his soapbox proclamations on how it is bad for authors, it is all about money with him.
The vast majority of self-published authors will statistically not earn very much from their titles and will be alone and marginalized. They will not join any respectable writing organization, because they are not professionals.
Major writing organizations such as the Romance Writers of America, Canadian Writing Union and Published Authors Network all accept indie published authors In order to join these organizations you have to earn ‘x’ amount of money over a single calendar year, where the specified amount for indie publishers is a *multiple* of the requirement for traditionally-published authors minimum income, because it is easier to make money by going indie. The Published Authors Network has strict requi...
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By Michael Kozlowski
3.8
55 ratings
There are a copious number of online self-publishing companies that promise aspiring authors the opportunity to distribute their ebook all over the world. Millions of authors publish with Amazon Kindle Direct Publishing, Draft2Digital, Kobo Writing Life, Nook Press and Smashwords. Most “authors” who self-publish an ebook never sell more than a handful and over 75% of all authors never earn a living through their writing. We live in a world full of terrible e-book titles that ruin ebook discovery and make it difficult to find a good book. It is no small wonder why e-book sales have plummeted in recent years.
YouGov conducted a recent poll that said the most desirable job in is an author – with 60% of people saying they’d like to do it for a living. This is a 24% higher than those who want to be a TV presenter and a remarkable 29% higher than those who want to be a movie star. I can see why being an author would be sexy, you only have to look at the success of J.K. Rowling. Sadly, being an author does not earn significant revenue. A survey of 1,007 self-published writers – one of the most comprehensive insights into the growing market to date – found that while a small percentage of authors were bringing in sums of $100,000-plus, average earnings were just $10,000 a year. This amount, however, is significantly skewed by the top earners, with less than 10% of self-publishing authors earning about 75% of the reported revenue and half of writers earning less than $500. Meanwhile in the United States the median household income in the US is $52k per year and the average indie author from the USA earns less than $100 over the lifetime of their book.
Self-published indie authors are verifiably capturing at least 24% – 34% of all ebook sales in each of the five English-language markets; it’s not just a US-only phenomenon. When you also include the uncategorized authors, the vast majority of whom are also self-published, the true indie share in each market lies somewhere between 30% – 40%. Sadly the lionshare of the revenue that indie authors generate are by the quintessential 1% who are generating a few hundred thousand dollars a month and everyone else is fighting over the scraps.
Many authors do not derive their primary living from their literary works and are considered chiefly hobbyists. They are simply amateurs who submit books just because they can. There is no quality control mechanism for companies that offer self-publishing solutions, they are just really happy to have as many users as possible. They play the numbers game, the more authors that publish, the more money they will generate from commissions, even if it just a few sales per title, it all adds up. Smashwords CEO Mark Coker will lambast authors who exclusively publish with Amazon, because the more writers that do that, the less money Smashwords will generate. For all of his soapbox proclamations on how it is bad for authors, it is all about money with him.
The vast majority of self-published authors will statistically not earn very much from their titles and will be alone and marginalized. They will not join any respectable writing organization, because they are not professionals.
Major writing organizations such as the Romance Writers of America, Canadian Writing Union and Published Authors Network all accept indie published authors In order to join these organizations you have to earn ‘x’ amount of money over a single calendar year, where the specified amount for indie publishers is a *multiple* of the requirement for traditionally-published authors minimum income, because it is easier to make money by going indie. The Published Authors Network has strict requi...