Hugh Howey is one of the smartest people I know. So when he crunches a moonshot-load of data on e-book sales and comes to a jaw-dropping conclusion, people sit up and take notice. Here’s why you should, too:
FACT: Self-published authors as a group are making 50% more profit than their traditionally published counterparts.
FACT: 92% of the Top-100 best-selling books are e-books.
FACT: Amazon is currently making nearly as much profit from indie e-books as from Big Five e-books.
There’s more. Plenty more.
In fact, Hugh was kind enough to provide the hard data, so you can play around with the numbers yourself and come to your own conclusions.
Read the report here:
So what do you think about Hugh’s conclusions? Leave me a comment.