Here’s another good reason to consider independent publishing:
I just received my royalty check for a book I have with a traditional publisher. It has been out there a while, isn’t being promoted, and is close to the end of its run. The check was for $43 for 296 books sold. I figured out that royalties added up to about 14 cents per book. As I said, I knew I would never get rich off this book, and it was at the end of its run, but I would expect to get more than 14 cents royalty off a book that likely sold close to $15 each. Maybe they were in the clearance rack, I don’t know.
While that was the annual royalty on a book still in print, a book that had gone out of print in 2004 has been making money for me monthly. A couple of weeks ago, I received a royalty check for more than $100 for the third month in a row from Amazon. And that’s for a book that a traditional publisher gave up on. I get 35% royalties from Amazon, which is lower than most online booksellers. But Amazon is the 1,000 pound gorilla of online book publishing, and publishing in general. Even though I get better royalties elsewhere, I sell a lot more books through Amazon.
And so I am learning about the new face of publishing. I turned my back on traditional publishing a year ago, and even though I have invested more in promoting my books than I have gotten back, I still believe that I will come out on top in the long run.
As I have mentioned before, indie publishing isn’t for everyone. But I have found that it works for me.