What Does Amanda Hocking's Success Mean To Self Publishing?
Novelr has a piece on Amanda Hocking‘s amazing success on Kindle and how she’s doing so well that no mainstream publisher can offer her anything better than her current deal – she gets 70 percent of all her e-book sales.
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. This is her blog. And it’s no stretch to say – at $3 per book1/70% 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.)
This shift in power to the writers could signal a change in self-publishing which could see more mainstream (traditionally published) authors jumping ship and making a run at selling their own work.
Read the whole story at Novelr and see what Amanda’s success could mean to the future of self-publishing.