This chart, as well as the churn chart, got us wondering how much of traditionally -
published author revenue was coming from new releases by long - tenured authors, and how much of it was coming from debut authors.
Not exact matches
For most, self -
publishing revenue remains humble; one survey found that half of all self -
published authors bank less than $ 500 for their efforts.
Some other papers,
published in traditional subscription - based journals, are made freely available on an
author's website or through an institutional or government archive, often after a 6 - or 12 - month «embargo» imposed by the publisher to protect subscription
revenue.
At HarperCollins Christian
Publishing, we are proud to have a world - class Rights and Licensing Division that is positioned to create the broadest possible reach and explore the full array of
revenue opportunities for our
authors» content.
Now, however, with digital book formats and the ability to
publish on your own through a couple dozen different outlets that all share
revenues on about a 70:30 split with the
author, maybe there's a lot more work to do as an
author, but at least the system is set up to reward you the right way.
These deals will result in a different
revenue split between Plympton, its
publishing partners and its
authors.
Yes, and the other thing to keep in mind is that, in traditional
publishing deals,
authors receive the «thinnest fraction» of their book's total sales
revenues.
In my previous blog post I talked about how self -
published authors need to rise to the challenge of exerting greater control over their works to ensure they maximise all potential sales and
revenue streams.
Its business is split broadly evenly across three key areas:
publishing, marketing and distribution services, with
revenues generated primarily from services to
authors.
In their blog post announcing the Macmillan acquisition, they state that, «
Authors who want or need more support will be able to join additional paid tiers for a
revenue share — or may have the opportunity to transition to a traditional
publishing contract.»
The reason why the
publishing industry is seeing less
revenue generated from e-books is because of the spam indie
authors are producing.
To say that (based on a lack of
revenue), «indie
authors and self -
published authors who claim they are real
authors» are laughably delusional, is not only utterly offensive, it is a patently inaccurate interpretation.
With the announcement that all KDP Select titles would be included in the all - you - can - eat service,
authors were initially excited about the prospect of a new
revenue channel from the exclusive program; it didn't take long, though, before some of the top names in self -
publishing noticed a significant drop in their KDP - based income.
Pubslush allows
authors to take pre-orders for their books in order to generate the
revenue they need for professional
publishing services, while Pentian lets donors share in the royalties of the book for the first three years, giving
authors the funds they need to generate titles.
«We've reached a point where
authors and small publishers can make much more
revenue by self -
publishing through places like Lulu.com and are free to experiment in ways big publishers can't.
(cont'd)- I'm giving away hundreds of listings on the Vault, and as a result of doing so, won't see one thin dime of income on the site until October or later - Given all the time and money I've already sunk into developing the site, I don't even expect to earn back my upfront investment until sometime next year - I'm already personally reaching out to publishers on behalf of
authors who are listed in the Vault, on my own time and my own long distance bill, despite the fact that I don't stand to earn so much as a finder's fee if any of those contacts result in an offer - I make my The IndieAuthor Guide available for free on my
author site and blog - I built Publetariat, a free resource for self - pubbing
authors and small imprints, by myself, and paid for its registration, software and hosting out of my own pocket - I shoulder all the ongoing expense and the lion's share of administration for the Publetariat site, which since its launch on 2/11 of this year, has only earned $ 36 in ad
revenue; the site never has, and likely never will, earn its keep in ad
revenue, but I keep it going because I know it's a valuable resource for
authors and publishers - I've given away far more copies of my novels than I've sold, because I'm a pushover for anyone who emails me to say s / he can't afford to buy them - I paid my own travel expenses to speak at this year's O'Reilly Tools of Change conference, nearly $ 1000, just to be part of the Rise of Ebooks panel and raise awareness about self -
published authors who are strategically leveraging ebooks - I judge in self -
published book competitions, and I read the * entire * book in every case, despite the fact that the honorarium has never been more than $ 12 per book — a figure that works out to less than $.50 per hour of my time spent reading and commenting In spite of all this, you still come here and elsewhere to insinuate I'm greedy and only out to take advantage of my fellow
authors.
KDP Select, a lending program that encourages self -
published authors and publishers to make their work available exclusively in the Kindle Store for 90 - day periods in exchange for a potential
revenue share, is part of that effort.
IMO, once again
authors, whether self -
published or
published with a small press or a hybrid, are looked at as another
revenue stream.
Publishing on Kindle — Becoming a Kindle
author will help you far more than just the
revenue you can earn.
This is super cool and good news, but are there other avenues for
revenue for the traditionally
published author that are not taken into consideration that skew this perspective?
In exchange for their assistance, most self
publishing platforms will take a share of all books sold and pay
authors a «royalty» share for all copies the platform sells, as opposed to
revenues for the full price of the book.
author, best, book, buyers, control, Create, how - to, money, open
publishing, price, reach, readers, revenue, Self - Publish
publishing, price, reach, readers,
revenue, Self -
PublishingPublishing, write
While some argue that piracy can actually make for good business in terms of building readership and spreading an
author's brand, others counter that it costs the
publishing industry countless numbers in
revenue each year.
I mean, that wouldn't change the importance of format availability in my eyes, but it is a fiscal truth that for MOST self
published authors, Amazon makes up the lion's share of
revenues.
I've read that self -
publishing is a «long - tail» game...
revenues often increase with subsequent books, adding to an
author's never - vanishing catalog, assuming readers like them.
This is a very «startupy» way of thinking about recurring
revenue software businesses, but it can totally be applied to an
author who
publishes regularly.
Because self -
published authors keep 70 % of their total purchase price on Amazon compared to the 25 % that most traditionally
published authors get from their publishers, indie
authors are earning almost half the daily
author revenue in the Mystery / Thriller, Science Fiction / Fantasy, and Romance genres.
This is why many
authors are choosing to self -
publishing novellas and reap the benefits of more
revenue and more readers (who, happily, often go on to buy other titles by the same
author).
In fact, according to the results of the recent self
publishing survey by Taleist.com,
Authors who submitted to popular reviewers on Amazon received 25 % more reviews than average and earned 32 % more
revenue for their latest release.
Amazon will
publish fanfic in those worlds (if it conforms to certain guidelines) and the rights holder and the fanfic
author will share
revenue.
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.
The Kindle Direct
Publishing system nets
authors more
revenue than Kobo and Barnes and Noble combined.
Daily
Author Revenue Per
Author Indie
Published $ 17.43 From Small or Medium Publisher $ 9.68 From Uncategorized Single -
Author Publisher $ 16.67 Penguin Random House $ 44.48 Hachette $ 46.07 Harper Collins $ 27.03 Macmillan $ 24.25 Simon & Schuster $ 55.57
Unfortunately, there is no comprehensive data source on the
publishing industry that captures sales or
revenue or even that illuminates how big the population of
authors truly is.
However, non-ebook
revenue for traditional -
published authors makes up a smaller percentage of their
author earnings than you might think, and this is especially true for
authors of fiction.
Faulkner award - winning
author John Edgar Wideman last year chose to
publish his new collection of short stories through Lulu.com; the site, offering
authors an 80/20
revenue split, has
published over 1.1 million
authors to date, adding 20,000 titles to its catalogue a month.
While only 32 % of the
publishing industry's gross
revenue currently comes from e-books, nearly 64 % of the average traditionally -
published fiction
author's earnings is coming from their e-books.
Assembled by Howey with the help of an unnamed «Data Guy» from publicly - available positions of 120,000 titles on Amazon bestseller lists correlated with estimates of sales rates, the report suggests that self -
published authors represent a quarter of the titles
published electronically, earning 39 % of ebook
revenues on the Kindle store, or «more... than Big five
authors, combined».
It has always been difficult to land a
publishing contract, but the recent changes in the industry have led to decreasing
revenue which in turn has led to a change in the way that
publishing houses approach perspective
authors.
According to the Taleist Self —
Publishing Survey, 50 % of self
published authors earned under $ 500 in 2011 from their books and 10 % of those surveyed
authors earned over 75 % of the total
revenue.
In a Thursday morning Digital Book World panel, bestselling self -
published author Hugh Howey addressed why he moved from Amazon's exclusive program — KDP Select — to distribution across multiple platforms, even though it meant reduced
revenues from his Amazon sales.
Authors who have experience with self -
publishing are particularly enthusiastic about the share of the book's
revenue that they are receiving.
Utilizing Graphicly allows
authors to upload their book,
publish it to one or many platforms, and promote it via the channels they choose, while retaining full ownership of their
revenue stream.
DangDang's
revenue model is a forty - sixty split with the publishers, close to what indie
authors make through their own digital
publishing efforts with US - based Amazon's Kindle Direct Publishing and Barnes & Nobl
publishing efforts with US - based Amazon's Kindle Direct
Publishing and Barnes & Nobl
Publishing and Barnes & Noble's PubIt!
But the site that so many readers — and even self -
published authors — are not all that familiar with is actually accumulating impressive numbers, with over 80,000
authors and publishers launching more than 230,000 ebooks, which translates into
revenue of more than $ 20 million last year, a five million dollar increase over the year before.
One of the recurring themes that shows up time after time during
Published & Profitable
author interviews is the need for
authors to create additional
revenue sources beyond those generated from the sales of their books.
in other words to
author a piece of writing and distribute it, print it, wrap it and sell it as you yourself see fit, even by mutual agreement with an outsourced company that offers specific dedicated services such as printing, binding, distribution, packagaing, marketing or any such service, not by the decisions of any other entity but by your own choice as you yourself see most convenient... and if in exchange for services rendered you split the
revenue consider it as credit with interest paid on sales... so yes if you are an independent
author you are allowed to leave the
publishing and distribution to people that get paid to
publish and distribute and marketing to marketers and sales to salesmen... but you must above all
author independently.
Even at a conservative estimate of $ 1.00
revenue per book, a traditionally
published author needs upwards of 10x the sales to match out the earnings.
While Penguin is unlikely to pick up almost any of the
authors publishing on Book Country and offer them traditional contracts (Authonomy has done so a few times), it is keeping these
authors close and engaged with its brand and is turning them into an additional
revenue stream.
And as a self -
published author, you are a business owner — which means you may be taxed on the
revenue made from selling your books.