The Future Of Publishing: Novelist Makes A Fortune Selling Kindle eBooks
Trylle Trilogy author Amanda Hocking makes an estimated $2 million a year by subverting the traditional publishing system.
Amanda Hocking, a 26-year-old novelist from Austin, Minnesota, has hit the $2 million mark by self-publishing for the Kindle, selling an estimated 100,000 copies a month and keeping as much as 70% of the earnings.
Hocking sells her works for a mere three dollars per copy, but the relatively low price works to her advantage. With no overhead expenses and giving Amazon 30% of the proceedings, she gets to keep an estimated $2 million a year.
As an independent writer, Hocking and her story surely gives a renewed sense of hope to thousands of writers waiting for their own big break.