NEW AUTHOR EARNINGS REPORT
Yesterday I mentioned that it had only been five years since we taught a workshop here at the coast for writers who wanted to learn how to indie publish their own books. We showed everyone how to do their own covers and how to launch it on Amazon and B&N and Smashwords.
Just five years.
In that same amount of time, some authors have been marketing one novel to traditional publishing, and even if they sold it, the novel might not be out yet five years from the start of their marketing it to traditional publishing.
But five years ago, as this indie movement was just getting started, the traditional publishing path was still the main path.
Oh, my, how the publishing industry flipped on its head.
And in a few hours from the time I post this, the new Author Earnings Report will illustrate that point very, very clearly. (www.authorearnings.com)
It will go live around 7:30 a.m. west coast time.
Read it and come back here to discuss if you want. Or discuss it on www.thePassiveVoice.com or other places that will be talking about this report all week long.
Why will there be so much discussion on this one report?
Because this one is a stunner. Plain and simple.
Hugh Howey and Data Guy have taken the reports coming from traditional publishing that e-books sales are flattening and declining in general and just blown that silliness out of the water.
They have done an apples-to-apples straight across comparison.
The reporting 1,200 publishers in the AAP report declining sales of ebooks. And 80% of that is the big five, of course. But Amazon and other stores keep reporting increasing ebook sales.
So who is producing all the books now if traditional sales are declining yet sales overall are going up????
As we all know who follow the field, indie publishing is taking more and more of a market share. And a large part of that is in the “shadow industry” of ebooks published without ISBN numbers that can be tracked.
A word about this survey they are doing. They admit that what they do is just take an instant in time, a slice of Amazon and work sales from that snapshot. They use a lot of books to keep things level and it is all explained on the site. And they always provide their raw data.
I have always had an issue with using only one store for this, but since it is the biggest bookstore, this clearly gives a pretty decent instant snapshot of publishing.
Also, what is interesting is that this report is the sixth one and over the last 18 months it shows a real trend in the snapshots spaced three months apart. A consistent trend that anyone working in indie publishing already knows, but has had no way to see it.
Well, this report shows that clearly.
This report shows the incredible decline of traditional publishing power and impact in publishing in very clear bar graphs.
Read the report, come to your own conclusions, and come back and talk if you want. But read it.
If anyone with a brain in traditional publishing actually sees this, it should scare hell out of them. But I doubt anyone who can think that charging $16.99 for an ebook is a good thing will pay any attention to this handwriting splashed all over their walls. They will just ask someone to whitewash the walls and ignore it. Oh, oh, for them.
But let me be very clear here… Ready???
If I was a traditionally published author still, which I am not outside of magazines, I would be wondering who I could hire to do covers and get my books coming out indie and start making the changeover.
I’ve been warning authors away from horrid traditional contracts and scam agents and life of copyright loss of books. But now this report shows another real warning.
Five short years since I helped teach a large room of writers how to indie publish their own books. Six years since I put up my first indie book and started the gem of WMG Publishing.
What is going to happen in the next five years?
I don’t know, but unless you are keeping up with all this and following the news and watching and making decisions for yourself, you will be left out of many of the changes that are coming.
And you really don’t want to have sold all rights for the life of a copyright to a traditional publisher who shuts down your imprint. That is a very bad thing.
Read the report, folks. It will be out in a few hours after I post this.
I did four covers for Smith’s Monthly, getting the new Seeder’s Universe covers into place.
You can buy any issue of Smith’s Monthly at any point in paper and electronic.
TOPIC OF THE NIGHT:
Read the new author earnings report later this morning. Read it carefully and make sure you understand it if you want to be a part of this new and changing industry.
Things have only started to change. Hang on, publishing is in for a ride in next five years.
The Writing of Bad Beat: A Cold Poker Gang Novel
Day 1…. 1,050 words. Total words so far… 1,050 words.
Day 2…. 1,100 words. Total words so far… 2,150 words.
Day 3…. 2,500 words. Total words so far… 4,650 words.
Day 4…. 2,650 words. Total words so far… 7,300 words.
Day 5…. 1,400 words. Total words so far… 8,700 words.
Day 6…. 3,400 words. Total words so far… 12,100 words.
Day 7…. 3,500 words. Total words so far… 15,600 words.
Day 8…. 4,500 words. Total words so far… 20,100 words.
Day 9…. 3,800 words. Total words so far… 23,900 words.
Day 10… 5,850 words. Total words so far… 29,750 words.
Day 11… 2,000 words. Total words so far… 31,750 words.
Day 12… 4,350 words. Total words so far… 36,100 words.
Day 13… 2,500 words. Total words so far… 38,600 words.
Totals For Year 3, Month 2, Day 13
Writing in Public blog streak… Day 774
— Daily Fiction: 2,500 original words. Fiction month-to-date: 38,600 words
— Nonfiction: 00 new words. Nonfiction month-to-date total: 00 words
— Blog Posts: 1,100 new words. Blog month-to-date word count: 8,850 words
— E-mail: 24 e-mails. Approx. 1,600 original words. E-mails month-to date: 276 e-mails. Approx. 12,800 words
— Covers Designed and Finished: 4. Covers finished month-to-date: 9 Covers
You can support this ongoing blog at Patreon on a monthly basis. Not per post. Just click on the Patreon image. Extra stuff for different levels of support and I will be adding in more as time goes on. Thanks for your support.
Or you can just toss a tip into the tip jar with a single donation at PayPal. Either way, your support keeps me going at these crazy posts.
If you would like to leave a tip just hit Paypal.me/deanwesleysmith (Goes to WMG Publishing account, but I’ll get it just fine.)