Who makes money self-publishing? Probably, E.L. James’ 50 Shades of Grey sold the most copies. LJ Ross’ series about Detective Chief Inspector Ryan has a total of around 4.5 million copies. Rachel Abbott has sold over four million copies. Every one of her 11 crime novels hit six figure sales in its first year.
What genres dominate? Half of the e-book bestsellers in the romance, science fiction, and fantasy genres on Amazon are self-published!
Famous authors who self-published? E.L. James, of course. Margaret Atwood self-published her poems. Beatrix Potter first self-published 250 copies of The Tale of Peter Rabbit. And, of course, successful authors from Mark Twain to Stephen King cut out the middle man.
Do many authors make money self-publishing? According to Amazon’s 2019 review of its Kindle sales, thousands of self-published authors earn over $50,000, while more than a thousand hit six-figure salaries from their book sales.
‘course, In 2020, there were over 44.2 thousand writers and authors working in the United States,
Best estimates suggest the “average” self-published, digital-only book sells about 250 copies in its lifetime. By comparison, the average traditionally published book sells 3,000 copies, but only about 250-300 of those sales happen in the first year.
So should we self-publish? Obviously, we don’t need a publisher to publish a book. To earn their cut, a publisher must promote your book or they ain’t worth feeling good about. And once you’re famous, you just don’t need them. Feel free to treat publishers the way they treat authors: make me money or go away.
DISCLAIMER: Just my opinion here, but obsessing about money misses the point that life’s memories are made from other stuff. For example: Unlike money, an author’s book is never spent.