The publishing industry has always suffered from poor data control. Accurate sales information has been hard to come by, in part because no one is gathering it systematically, and in part because publishers and Amazon typically do not release raw sales data. As a result, we currently have a split of authority. The legacy publishers are claiming that ebook sales are declining, while independent publishers claim they dominate the market. Who’s right?
I will not pretend to be an expert data analyst. Rarely have I heard anyone wax nostalgically about their college Statistics class. Personally, I’d rather have a colonoscopy, or root canal, or watch Toddlers and Tiaras. But a few facts are clear: First, the traditional publishers’ claims are based upon AAP (Association of American Publishers) stats, meaning the data contributors are traditional print publishers, which of course skewers the outcome. Second, Authors Earnings has tried to fill the gap, using sophisticated computer analysis to divine Amazon sales, probably imperfectly, as they have a clear bias toward independent publishers. Third, Amazon is getting rich while Barnes & Noble is going broke, and most of Amazon’s sales do not relate to print books.
Here’s another fact: Amazon paid $140 million dollars in Kindle Unlimited (subscription book borrowing) payouts directly to authors in 2015, and not a penny of that is included in the AAP stats. Does that affect the bottom line? Obviously. Add in that plus traditional ebook sales and you have the tail wagging the publishing dog.
Personally, I don’t see it as a competition, so I don’t care who’s “winning.” If you can get a traditional publishing deal and you want to travel that path, go for it. But I’m pleased there are alternatives for entrepreneurial sorts who don’t want to wait or don’t want to work for someone else. Last year, ebook sales at Amazon generated $1,756,000 PER DAY in author earnings, and more than half of that went to independent authors. Self-publishing is not the only option, but for the first time ever, it is a viable option.
For those interested in delving deeper into the battling methodologies and earnings reports, here are a few links:
Authors Earnings: http://authorearnings.com
Publishing Industry Rebuttal: http://ow.ly/Yj670