For those looking to become rich and famous as an author…Don’t write for the money.
The cat is out of the bag, finally we know exactly how many self-published authors make it big: 40.
Yes, that’s not a typo.
40 self-published authors “make money”, all the others, and they number in the hundreds of thousands, don’t. This interesting statistic, recently revealed in a New York Times article, applies to the Kindle Store, but since Amazon is in fact the largest digital publishing platform in the world, it is a safe bet that self-published authors are not doing any better elsewhere.
“Making money” here means selling more than one million e-book copies in the last five years. Yes, 40 authors have managed that, and have even gone on to establishing their own publishing house, like Meredith Wild. Her story is fully reported in the New York Times, here, and well worth pondering over.
That story reveals some further nuggets about the current…
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