Is there money in ebooks? (infographic)
Now Novel is a fantastic site committed to help authors go through the process of writing and publishing a book. Their team has just created a very interesting infographic every aspiring writer should take a look at.
Asking a question “Is there money in ebooks”, the chart shows a fantastic growth of ebook market – from 1% in 2008 to 30% in 2012 with a prediction of 50% in three years from now (figures for US market).
The most interesting part, however, is showing the revenue split between author, publisher, and agent. If you want your book to be published the traditional way (and of course if you will be lucky enough to get a publisher), you will receive roughly 12% of the pie. Getting into digital publishing shifts proportions – you, the author, are the one to get most of the revenue.
So, on one side there is a traditional publisher, who gets 80%. On the others side we see self-publishing platforms like Smashwords or Scribd, where author gets (at least) 80%.
But money comes not only from the revenue split. Ebook market is growing not only in the US. By publishing your book on Amazon or Kobo or Smashwords you are making it available for any English-speaking reader in the entire world!
And remember, you don’t (and in fact you should not) do everything by yourself. Self-publishing is not about writing publishing, and marketing a book the DIY way. Not any more. Digital publishing gives the author the steering wheel – a power to decide which experts to hire to make sure the new novel will have most chances to succeed.