10 years ago, only one book out of every ten would succeed. And by succeed, I don’t mean bestseller. These books would earn out the advance for the author and probably get in a little more on the royalty, they would earn the publisher a small profit (yeah, not the kind of profit traditional publishing bashers say publishers make), but good enough to commission another book by the author. Occasionally, one of these “success stories” would break out and become a bestselling A-Lister. All in all, 7 or 8 out of every 10 published authors would fail. Today, with the ubiquitous self-publishing model, the number is higher it’s probably 97 or 98 out of hundred.
Yes. Only 2 or 3 out of every hundred novelists will see success. Not Patterson kind of success but “I can quit my day job” kind of success.
I am considering for this post …
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