I parked my nether regions in front of my desk today and scanned publishing headlines for the past 3 weeks to see what I missed out on. I didn't get very far because I got snagged on the first one that read:
How Much Do Indie Authors Earn From Amazon?
Come on. Admit it. You want to know the answer to that, too. According to a study at AuthorEarnings.com, here are a few monetary tidbits:
- Approximately 9,900 self-pubbed authors earn more than $10k per year.
- 4,600 earn more than $25k.
- 2,500 indie authors make more than $50k.
- 1,340 rake in more than $100,000.
Those are some sweet numbers, eh? Kind of makes you feel like whipping open your computer and pounding out a story so you can cash in on this gold rush. But listen here, Hoss, before you do that, there are a few more numbers you should know . . .
- There are 12 books added to Amazon's titles every hour.
- There are 3.4 million books listed on Amazon.
That means those indie authors are either superhero marketers or got dang lucky. Not that I want to rain on your writing parade, mind you. I'm just saying while it's great that some authors are making moolah, novel writing is not a cash cow. Takeaway value: don't quit your day job.
But it is okay to run away to England every now and then.