Publishing is a $26 billion industry, with self-publishing growing as a popular side hustle

From The Financial Post:

Whether it’s a piece of fiction, a collection of poetry, a graphic novel, a self-help volume, a how-to instructional, a biography or other non-fiction genre, your book deserves to be read. Going through the steps of “traditional” publishing can be expensive and time-consuming, so why not consider becoming an authorpreneur?

A new world for self-publishing

An authorpreneur is a term floating around the publishing industry that obviously mashes the words “author” and “entrepreneur” to come up with a rather accurate descriptor of a self-publisher of books. And while there used to be a stigma out that self-publishing produces a lower-quality, less-desirable product, current markets show that through the sale of e-books, print on demand, audiobooks and more, that part of the industry continues to flourish. In fact, in 2018, it grew at a rate of 40 per cent and shows no signs of slowing down—self-publishing increased for the fifth consecutive year on the print side alone.

. . . .

According to the Alliance of Independent Authors, self-published authors earn more per sale than those who work exclusively with trade publishers. The average trade-published author earns approximately 7.5 per cent of their book’s cover price, and those with agents lose a further 15 per cent of that. Self-publishing platforms like Amazon, Apple Books, and Kobo pay up to 70 per cent of each book sold to authors.

Link to the rest at The Financial Post

PG will note that The Financial Post does disclose that the OP was written by someone other than a Financial Post person and that it may receive a commission on sales via the links on the page in which the article is embedded.

The article offers a “complete” self-publish-your-book bundle for $51.99, which is a great deal because it’s “98 per cent off the regular price of $3,320”.

The article doesn’t say whether the price is payable in Canadian or American dollars. PG isn’t sure if there is an additional discount if you choose to buy the complete bundle in the lower-valued currency.

(According to the Internet which, like The Financial Post, is never wrong, 1 United States Dollar equals 1.24 Canadian Dollar) (YMMV)

One unmentioned potential benefit of purchasing the “complete” self-publish-your-book bundle is that, presumably, you qualify to purchase a “Self-Publishing is My Side-Hustle” t-shirt for 98 per cent off the regular price of $1,000.

5 thoughts on “Publishing is a $26 billion industry, with self-publishing growing as a popular side hustle”

  1. I could have sworn that T shirt said “Self-Rubbishing”, which might be appropriate to someone willing to pay $3,320 for info they can find in PG’s posts.

  2. And then there’s the side hustle of scamming wannabe authors for big bucks. And delivering worthless basura.

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