I thought Charis Rae’s research was so awesome, I wanted to share it!
Here’s the link to Charis Rae’s post: I Wrote A Research Paper About the Publishing Industry … Here’s What I Found
Charis brought up some excellent points and statistics. Here are a few of them:
- Nearly 100,000 books were published by major publishing companies in the United States in the year 2019.
- In 2018, more than 1.6 million books were self-published digitally and physically.
- The odds of getting a publishing contract is 1 in 4 (25 percent), according to a 2014 report.
- If you choose to self-publish with Amazon, you will get roughly 70 percent of the profits.
- A traditionally published author will only receive 6-10 percent of the royalties.
Reading her analysis, it’s pretty obvious that self-publishing is the easiest way to get your book out to potential readers. However, you also face stiffer competition because there are far more self-published titles available by volume, and for less money. If you haven’t, just take a glance at Amazon Books, plus their Kindle Store. It’s overwhelming.
That said, there’s other booksellers, and publishers, than just Amazon. Many traditional book publishers still exist – HarperCollins, Hachette Livre, Penguin Random House, Macmillan, Simon & Schuster, Kodansha, Scholastic. In terms of other stores, there’s Barnes & Noble, Walmart, ThriftBooks, Books A Million, 2nd and Charles, Waterstones (UK), Strand Books, Book Depository, and even eBay.
I was really impressed with Charis Rae’s research and analysis! I hope you take the time to read her post.
Also, consider your sources when you purchase books. Of course, I will always recommend borrowing books from the library or getting e-books if you’re into that (I’m not, but that’s just a personal preference). Amazon makes it really easy and convenient, but I encourage you to think outside the box a bit, and consider other sellers once in a while. For example, I bought a copy of Just Mercy by Bryan Stevenson from a friend’s online store through eBay!
As for me and my writing journey, I’ve been studying both avenues for the last several years. I personally want to go the traditional route first, mainly for the experience because I’ve never attempted it. If I find myself struggling after a period of time, I’ll consider the self-publishing route. I’m excited to get my work out there!
Until the next headline, Laura Beth 🙂