Early mover advantage seems to be working out pretty nicely for JA Konrath.
This is only Konrath’s experience, but I wonder how much it is replicated? I see a world of extremes emerging in digital publishing. It is one where the tendency in the physical book world towards best sellers garnering outsized market share and sales is even more dramatic. BIG winners will emerge but I suspect the mass of authors will be only very modest sellers and what’s more they will be increasingly face more and more competition from more and more writers.
My best selling Hyperion ebook, Whiskey Sour, has sold 2631 ebooks since 2004. That’s earned me about $2200, or $34 a month since it was released.
$34 a month per ebook is a far cry from the $1700 a month per ebook I’m making on my own.
Why are my self-pubbed ebooks earning more than Whiskey Sour, which remains my bestselling print title with over 80,000 books sold in various formats?
Because Hyperion has priced Whiskey Sour at $4.69 on Amazon, and I price my ebooks at $2.99.
For each $4.69 ebook they sell, I earn $1.17.
For each $2.99 ebook I sell, I earn $2.04.
So I’m basically losing money hand over fist because Hyperion is pricing my ebooks too high, and giving me too low a royalty rate.
Even the print sales (Whiskey Sour just went into a fifth printing) don’t come close to making up the money I’m losing.