According to an article in the Los Angeles Times, there’s a new member of the million-Kindle-seller club. Author John Locke joins Stieg Larsson, James Patterson, Nora Roberts, Charlaine Harris, Lee Child, Suzanne Collins and Michael Connelly in having sold a million copies of his book.
What he did that set him apart is that he sold his Kindle books for 99 cents. That significantly lowers his royalty amount. If you price your books at $9.99, you would get almost $7 per book. But by pricing his books at 99 cents, he got only 35 cents per book. Even with that low percentage rate, he still made $346,500.
Keep in mind that he sold those 1 million books in five months. In the article, one person noted: "In fact, more people will sell less than 100 copies of their books self-publishing than will sell 10,000 books."
So, his is a great story, but keep in mind that it’s not the norm.
5 weeks ago