Indie Authors to lead the way in debut crime thriller fiction

British author Jonathan Cotty offers insight into the self-publishing revolution
By: Indie Authors
 
LONDON - Oct. 1, 2014 - PRLog -- PRESS RELEASE

Issued: 01/10/2014


It is no secret that sales of ebooks have already outstripped those of traditional paperback and hardback copies combined. This phenomenal success has been predominately driven by the market in Indie books, or books from independent authors that traditional publishers did not wish to represent.

The multi-million dollar battle between Hachette and Amazon is the most high profile example of where this dispute has led to.

In a nutshell, Amazon wants to split 70% of the profit from the book sale between publisher and author, whereas Hachette wants to set wholesale prices at about 70% of retail and pay authors whatever cut they can negotiate from the remaining 30% - usually about 10% of the WHOLESALE price.

That may appear a little confusing. In simple terms, if a book sells for £9.99 via a traditional publisher, as an author you would probably see about 99p of that. Sold via Amazon as an ebook, you would gross about £6.99.

It does not take a genius to see where this is heading from an author point of view. And guess who actually writes the books everybody is quarrelling about…

Jonathan Cotty, a British author, recently published his debut book, Triangle : The first DS Jackson thriller and chose to self-publish via Amazon. ‘I really went via Amazon because I believe that ebooks are the future and I wanted to get my debut novel on that platform.

‘Triangle was released as a paperback a few weeks before the ebook. But with no real marketing budget behind me, it was ranked under 300,000 as a paperback [before it went onto Kindle]. Within twenty-four hours, I was looking at 17’th on the bestsellers list and 70% royalties direct to my bank account.’

Available on Amazon here: http://www.amazon.co.uk/Triangle-first-Jackson-thriller-Raymond-ebook/dp/B00NA9AL9S/

No surprise then, that 25% of the authors now in the bestseller lists are entirely self-published according to recent author earnings reports. http://authorearnings.com/report/july-2014-author-earnings-report/

Mark Coker, founder of Smashwords, recently stated in an article for The Huffington Post: ‘By my estimates, self-published ebooks will account for 50% of ebook sales by 2020.’

Will ebooks outstrip hard copies by 2020?

The most interesting development of the argument, for self-published ebooks outstripping the sales of authors from traditional publishing houses, appears to be that people are not asking IF it will happen anymore, just WHEN?

Ends
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Source:Indie Authors
Email:***@dentalmerchants.com
Tags:Books, Publishing, Kindle, Ebooks, Triangle
Industry:Books, Publishing
Location:London City - London, Greater - England
Subject:Reports
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