The publishers, not Amazon, keep authors down
Amazon pays me more from the sale of a $3.99 Kindle download than my publishers pay me from a $26 hardcover sale.
With each Kindle sale, I get 70 percent. With a publisher I see royalties once or twice a year — after they hold back a reserve against books that might be returned, which are never clearly accounted for to the author. Amazon pays every month, and I can go online and see what my book is earning.
Traditional publishers are opaque and backward in their marketing and accounting. Unless you are a celebrity author married to the clueless publishing world and afraid of the future, it’s time to wake up to the fact that Amazon is a bookseller — in other words, a friend to working stiffs like me.
Interesting read!
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Thoughts? Authors, publishers, agents? Established-vs.-new authors? Of course, there are no one-size-fits-all...
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