Making Millions online with Wool

Wednesday, May 22nd, 2013

Hugh Howey’s success with Wool suggests that self-published e-books are on the rise — and fulfilling unmet demand:

These days, self-published authors such as Bella Andre and CJ Lyons regularly appear on New York Times bestseller lists. Self-published titles made up 25 percent of the top-selling books on Amazon last year, according to the Wall Street Journal. “The stigma of self-publishing,” Snow says, “has largely vanished.”

Howey believes self-published authors are succeeding because traditional publishers aren’t meeting readers’ demands for certain literary genres, particularly science fiction, romance and erotica. E.L. James’ three-volume erotic novel, “Fifty Shades of Grey,” is a prime example. Random House has sold more than 70 million print, e-book and audio copies of the trilogy, which began as a self-published book.

Howey understands why publishers are reluctant to lard their catalogues with these genres. “It would be jarring if half the Penguin catalogue was erotica,” he says. “I think their self-respect is more important than the bottom line.”

He says he also knows that many authors – more than the literary establishment realizes – are making a good living through self-publishing. Months ago, he did an informal survey, posting a message on an Amazon Kindle forum asking for examples of self-published writers earning $100 to $500 a month.

He got at least 1,000 responses, he says, with many people noting they were earning a lot more than the range he had posted. “I’ve heard from people making tens of thousands of dollars,” he says, “and I’ve never heard of their books.”

(Hat tip à mon père.)

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