RgrPett
December 30, 2012, 06:47 PM
There are previously unpublished authors earning over a million dollars a year from their Amazon Kindle books.
Amanda Hocking, 28, has become the icon of Kindle success. Until 2010 she worked in a group home in Austin, MN. In her spare time she wrote paranormal romance young-adult fiction and collected rejection letters from publishers.
Needing to raise $300 for a trip to Chicago to see a Muppets exhibition she followed marketing tips gleaned from other self-published authors and put her novels on Kindle on April 15, 2010. Less than a year later she had sold over a million copies of her nine books and earned two million dollars in commissions from Amazon. She did it all by herself, without a book agent, without a publishing house, without a sales force or marketing manager or bookshop anywhere in sight.
Unknown author Tracey Garvis Graves earned a $612,000 commission from Amazon from the 146,170 copies of her Kindle book “On the Island: A Novel” she sold in just one month. The book was priced at $5.99, which means she earned a 70% commission on each sale.
J A Konrath had had some success as a traditionally published author. That is until 2009 when he become aware of the Kindle. From 2009 thru August 2012, he's sold 632,501 self-published ebooks on Kindle, Nook, others earning him $912,138. Six of his novels--all rejected by legacy publishers, have sold 362,783 copies, earning him $600,501.
By putting their books on Kindle, authors can put out books quicker than the Big 6 publishers, earn more money (up to 70% vs. the 17.5% from traditional book sales), reach more readers and have more control over the entire process.
Roger
Amanda Hocking, 28, has become the icon of Kindle success. Until 2010 she worked in a group home in Austin, MN. In her spare time she wrote paranormal romance young-adult fiction and collected rejection letters from publishers.
Needing to raise $300 for a trip to Chicago to see a Muppets exhibition she followed marketing tips gleaned from other self-published authors and put her novels on Kindle on April 15, 2010. Less than a year later she had sold over a million copies of her nine books and earned two million dollars in commissions from Amazon. She did it all by herself, without a book agent, without a publishing house, without a sales force or marketing manager or bookshop anywhere in sight.
Unknown author Tracey Garvis Graves earned a $612,000 commission from Amazon from the 146,170 copies of her Kindle book “On the Island: A Novel” she sold in just one month. The book was priced at $5.99, which means she earned a 70% commission on each sale.
J A Konrath had had some success as a traditionally published author. That is until 2009 when he become aware of the Kindle. From 2009 thru August 2012, he's sold 632,501 self-published ebooks on Kindle, Nook, others earning him $912,138. Six of his novels--all rejected by legacy publishers, have sold 362,783 copies, earning him $600,501.
By putting their books on Kindle, authors can put out books quicker than the Big 6 publishers, earn more money (up to 70% vs. the 17.5% from traditional book sales), reach more readers and have more control over the entire process.
Roger
