We had to share the following figures and statements from AuthorEarnings.com. The figures below and summary is from their May 2016 report. There is some incredible facts and insights in there. We have pulled out some of those that surprised us the most and the data that is most relevant to indie authors. That’s what they term self-published. The key takeaway is more self-published authors are earning over 100,000 than traditionally published and small publishers. INCREDIBLE! We wouldn’t believe it either but the data proves this.
Fewer than 115 Big Five-published authors and 45 small- or medium-publisher authors who debuted in the past five years are currently earning $100K/year from Amazon sales. Among indie authors of the same tenure, more than 425 of them are now at a six-figure run rate. – authorearnings.com
The fact above is incredible and reinforces our stance that you don’t need to secure a traditional publisher. It is not the guarantee of success many authors believe it to be. Even if after all the strife you finally secure a traditional publishing deal there are indie authors who self-published and are earning more than you.
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