Market Curiosity: Exploring Markets And Systems

February 28, 2011

Wonderful story of lady making money directly publishing her own stories on Kindle

Filed under: Favorite Posts — Tags: , , — Jeff Fitzmyers @ 9:56 am

Stories like this inspire me!

Thanks to Xiphos Trading for re-tweeting 26-Year-Old Is Making Millions Cutting Out Traditional Publishers With Amazon Kindle

Amanda Hocking is the best-selling “indie” writer on the Kindle store… She gets to keep 70% of her book sales — and she sells around 100,000 copies per month. By comparison, it’s usually thought that it takes a few tens of thousands of copies sold in the first week to be a New York Times bestselling writer… by lowering the prices, she can make more on volume, especially impulse buys. Meanwhile e-books cost nothing to print, you don’t have to worry about print volumes, shelf space, inventory, etc.

… [she] published stories on her blog before turning to Kindle… out of the top 25 best-selling indie Kindle writers, only 6 were previously affiliated with a publishing house.

She clears up a few things via Misinformation & Corrections

References
+ Mauboussin’s excellent “Blaming the Rat: Incentives, Motivation, And How They Interact”

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