I’ve generally been quite sceptical of self-publishing success stories in the past, largely to do with the prevalence of traditionally published authors turned self-publishers among their ranks. However, as was pointed out on JA Konrath’s website the other day, there are a number of self-published authors finding success using new digital publishing techniques who cannot be claimed by traditional publishing in any way shape or form.
One of those success stories is Amanda Hocking. According to the figures linked to above, Hocking sold – hold on to your hats people – over 100,000 copies of her books (both digital and print-on-demand) in December of 2010 alone.
Hocking sells her frontlist digital books for $2.99 and backlist for only $0.99, and sells the paper copies (through Createspace and Lulu.com via Amazon) for only $8.99. Considering Amazon’s cut for digital royalties is 70%, this means that Hocking made a minimum of $US70,000 in December alone – and it’s far more likely to be significantly higher than that.
This incredible success story looks to have only started in the last year – according to Amazon, the first book came out in March 2010, and she has put out more than a book a month since then (I presume some of them, at least, were written before she started putting them up on Amazon for sale – perhaps after she failed to attract a traditional publisher – but perhaps not). They’re not short either – the first book in her vampire series (pictured above) is just a mite over 80,000 words – respectable for a YA author.
Now, I haven’t read any of these books yet (although I’ve bought one, and am looking forward to having a read), so I can’t attest to their quality. But I don’t think that this issue is especially important. Selling a hundred thousand books in one month – even if they’re cheaper than a magazine – is something almost any traditional publisher would be willing to put aside their delicate sensibilities for. But it’s hard to imagine why Hocking, or those like her, would ever be tempted into the world of traditional publishing when they’re making a 70% royalty rate by self-publishing and selling in such volume.
And it’s not just the royalty rate. Without a traditional publisher behind her, Hocking is free to sell her books to any international market (Australian Kindle readers will be happy to know her books are available here for the same price as the US), she can experiment with pricing, release schedules, giveaways and social media in ways traditional publishers can’t hope to compete with purely because of the hulking bureaucracy such large companies drag along behind them means they’re just too slow.
Obviously it’s not all roses. I don’t know the full story here. It might be that these sales figures aren’t quite accurate, or there’s another missing piece. And it’s also the case that stores like Amazon are packed to the rafters with millions of self-published authors who have never (and will never) achieve this kind of success. However, this is the first time I have seen how and why a self-published author might get this level of success and not be lured into a contract with a traditional publisher.
At any rate, I look forward to reading Amanda Hocking’s books and having a chat with the seemingly delightful young author at some point in the future.