In an interesting post, writer Claude Nougat estimated the total number of books on Amazon – about 3.4 million at last count (a number that could include apps as well) and then figured out how many books were added in a day. Nougat noticed that the number rose by 12 books in an hour, which suggests that one new book is added every five minutes. And, most likely, it’s probably an indie book.
Let’s let that sink in.
What does that mean for the indie publisher? If you’re perpetually optimistic, very little. If you’re even a little bit pessimistic, however, you might want to rethink your career. As Nougat writes:
￼Now if life is tough for the more successful self-published authors, try and imagine what it’s like for the rest of us? The reason why? Basically the tsunami of books that buries every single newcomer!
This also means that this onslaught buries mainstream titles as well, which is something that should give the big five publishers pause.
. . . .
Even indie millionaires aren’t doing quite well. Amanda Hocking, vampire writer, made millions on her novels but now her titles are going for free or cheap and have fallen far on the rankings. Hugh Howey’s Dust is at 800th place in the pantheon of books, which might as well be the bottom.
Link to the rest at TechCrunch and thanks to Brandt for the tip.
PG tends to think in terms of the enormous world market where indie authors can sell their books through Amazon. Last month, Mrs. PG earned money from sales in the US, UK, Canada, France, Germany, Spain, Italy, Japan, India, and Australia. Her monthly royalties from non-US markets frequently exceed total royalties she received every six months when she was traditionally published.
He’s also reminded that the playing field between indie authors and tradpub is being flattened more and more all the time.