Business Insider: This 26-Year-Old Is Making Millions Cutting Out Traditional Publishers With Amazon Kindle
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.
The comparison isn’t entirely fair, because Hocking sells her books for $3, and some $.99. But that’s the point: 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. And did we mention the writer keeps 70 percent?
Note that the 70 percent number is the same exact number Apple plans to payout for the App Store subscription model. And Publishers are all up in arms.
Who says you can’t make money in content?
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