I wasn’t going to blog about this since I wanted to get out my microscope and go through all the data and get deep. However, this week on ChazzWrites.com is all about resources for writers and publishers. The Author Earnings Report is out and there are some shockers in there. And not steak-knife-in-the-eye-first-thing-in-the-morning shockers, either. These are pleasant, somebody-else-made-the-coffee-and-oh-look-donuts! surprises. Well…lots of good news for indie authors, anyway.
It’s a big moment for us. I cannot let this slide until I’ve gone through it all. Besides, greater minds than mine are on the case. Joe Konrath, a must-read resource mentioned in the previous post, has jumped in with lots of easily digestible analysis at Newbie’s Guide to Publishing.
One important fact I’ve gleaned so far? I’m glad I’m writing in the genres I’m writing. Read for yourself. These numbers are inspiring.
In coming days, prepare yourself for some flailing spin from the Big Five saying the numbers mean nothing. They were quite happy with previous studies that touted the efficacy of traditional publishing, but those studies were flawed in favour of their confirmation bias. Whatever they say now is quite suspect, so read and think for yourself as more analysis gets out. You can also join the Author Earnings Report project and submit your data so it will only get more accurate and in-depth in the future.
Looking at the volume of ebooks sold, it does appear trad publishing has a lot to worry about. I expect this information will seduce some trad authors to move to publish themselves, as soon as, or if, they can get out of the cruel straitjackets of their contractual obligations and non-compete clauses. (And if traditional publishing is working for you, that’s fine, too. We’re not about naming fingers and pointing shame here. It’s about making informed choices and informed consent.)
Is it premature to say the revolution is complete?
Probably, but if you were embarrassed about going indie before this report, you’ve got enough data to dump that psychological baggage now.
Call up your parents and tell them that, despite their misgivings, your decision to publish your books yourself wasn’t an idiotic failure of mind and character. You stopped trying to woo frigid agents and pursue disdainful traditional publishing and it can be good, maybe even great. Your parents can be proud. You can be proud.
Let your indie freak flag fly!