Thursday, March 3, 2011

eBook Sales Makes Millionaires of Self-Published Authors

The days of dusty old books on shelves seem to be gradually coming to an end as bookstores all over America close their doors while Borders and others file for bankruptcy.  If San Francisco's any indicator, book stores are a thing of the past.  As resident of 16 years I've noted most all the major and even smaller book stores in San Francisco have closed or are in the process of closing.  The reason for the closures is clear.  While many people now prefer to purchase books on Amazon, many others are switching over to the Kindle, Nook and other eBook devices to download books and magazines. In fact, the eBook industry now consists of 20% of all book sales and is steadily growing.

This new eBook industry is allowing writers an easier avenue to self-publish and sell their eBooks to a mass audience making book authors very happy and even rich.  New talent is being unleashed unrestricted by the questionable restraints of snobby publishing houses.  It's clear that new technology has paved the way for a writing and reading revolution now taking place.

Take Amanda Hocking for example, a woman who was living paycheck to paycheck.  Amanda had tried to get her book published and things were starting to look bleak until she decided a new way of doing things:
Amanda Hocking had been rejected by publishers all over New York and decided to self-publish on the eBooks platform alone.  In 10 months, Hocking has since sold 900,000 eBooks enabling her to quit her day job to become a full-time writer.  Hocking is now a millionaire.  - Self-Published Author Amanda Hocking Makes Millions from eBook Sales - HuffPost.com


eBook author Amanda Hocking Shares Her Story to Independence and Wealth

Prior to the eBook revolution, writers didn't have much of a chance of making much money because publishers got a huge cut and production costs were high.  Today much of the expense has been removed enabling writers to become millionaires if their work's considered worthy by a mass audience.

So dust off those old writing books in your attic, put on your thinking cap and see what you can come up with to become the next eBooks millionaire.  Even if you don't become a millionaire you may be able to make supplemental income.

Self-Published Author Amanda Hocking Makes Millions from eBook Sales - HuffPost.com