Amazon Hurts More Authors
Amazon is taking money out of authors pockets, again. The myths about authors making millions are not true. I'm really sorry to burst the bubble of anyone out there with huge dreams. It still happens of course but it is the exception to the rule, not the norm. Anytime someone offers to sell brand new hardback books for ridiculously low prices it hurts authors, a lot. Authors get around 10% of a hardback price and 6% of a paperback, seriously, that's it. Most debut authors sell under 40,000 books. Add it up, but be careful, it may depress you. Don't forget to take out around 30% in taxes and 15% for your agent. That starving author thing, not a myth. So what has Amazon done this time? They refuse to compromise with MacMillan, one of the biggest publishers in the industry. MacMillan was trying to get them to raise the price of an e-book from $9.99 to around $15 dollars. I think that is a reasonable request, both as a writer and a consumer. I don't mind shelling out a co...