It won’t last forever, but while it does, some big name authors are trying to make the most of it. Crime and horror novelist, J.A. Konrath posts on his blog about his work getting his books and short stories out to readers at very low prices.
As of March 4, he'd sold 29,224 e-books in a year. At the 35% royalty rate Amazon (AMZN) offered authors who published their works expressly for Kindle, that meant Konrath earned some $120 a day, every day, by doing almost nothing. "If this trend continues as is," he wrote on A Newbie's Guide, "I'll earn $43,800 this year on previously published short stories and novels that NY print publishing rejected."He, however, does not see ebooks waning. He, in fact, sees them exploding.
He has no doubt that "by the end of the year, I'll be making 5k per month on Kindle. And that's probably a low estimate."He’s not giving up traditional publishing, though. And he’s not the only one turning to e-publishing. Some are even dropping their print publishers. John Edgar Wideman dropped Houghton Mifflin Harcourt and moved to Lulu.com.
The article has success stories, but I think it’s important to keep in mind that these authors already had readers and, in the case of Konrath, do a ton of promotion.
Whether you read ebooks or not, whether you like ebooks or not, if you write, you need to keep up with ebook news. It’s not only interesting, it’s important. And even if you only publish in print, it will affect you.