I was reviewing this exhaustive report from Author Earnings and found these statistics to be extremely interesting – indeed, the publishing industry has been turned on its head:
“…As of May 5, 2016, only 3 Big Five authors who debuted in the past 5 years are currently making a seven figure run rate from their Amazon sales — print, audio, and ebook combined. On the other hand, 14 indies who debuted in the same time period are right now doing the same.
But what about those “invisible” authors earning $100,000+ per year…?
The ones we keep anecdotally hearing about (and hearing from), who don’t show up on any Amazon category best seller lists?
Well, we found them. They were hiding in plain sight, in our million-title May data set.
Turns out there were 43 of them lurking unseen in the dark spaces between Amazon’s bestseller lists, including one author invisibly earning more than $250,000 a year. Unsurprisingly, 30 of the 43 invisible six-figure earners — including the top earner — were self-published indie authors. Most were writing in the Romance Fiction genres, but there was also an indie author of editor’s-choice Cozy Mystery Fiction, and even more surprising, a traditional-award-winning indie writer of Literary Fiction. We happen to think that’s pretty cool.
When we lowered the author earnings bar to $50,000 a year, we found 142 invisible authors that were earning that much or more on Amazon.com, without any of their titles appearing on any category best-seller lists. 105 of those 142 were self-published indies.
We live in exciting times. Today it’s possible to be a full-time professional author, quietly earning $50,000+ a year — even six figures a year — without ever sending a query letter to anyone. On Amazon alone, the data shows over a thousand indie authors earning a full-time living right now with their self-published titles.
The only gatekeepers that matter now are readers….”
AND IT IS ABOUT TIME……The thought of never, ever sending a query letter again – what bliss!
Complete report can be viewed here: http://authorearnings.com/report/may-2016-report/