In last week’s article, The Rise of the Indie Author in Libraries, we looked at the indie author phenomenon and why it is important to libraries. We found that with the development of the worldwide web and easy access to computing equipment, self-publishing has grown from being a money-maker for vanity presses, but not for authors, to becoming a money-maker for the authors. While one still finds poorly written books being self-published, a new breed of highly professional authors has arisen—writers like John Locke (the current author, not the English philosopher)—who consistently write and publish bestsellers, who outsource to get expert editing, cover creation and book design (just as most traditional publishers now do), and who operate more like mini publishing houses than like the self-published authors many librarians feel cannot produce books that meet good editorial standards.
There are huge financial incentives for authors to self-publish their ebooks, rather than accept the 19th century two-year publishing schedule and Scrooge-like royalties that come with traditional print publishing. As the analysis at Author Earnings has demonstrated, authors are already making money by self-publishing in e. Some, such as Hugh Howey, then hand off print editions to a traditional publisher that can distribute printed books through wholesalers to bookstores and other retail outlets. With the new publishing technology and the global digital marketplace, the author gets the best of two worlds instead of the worst of the one traditional world. The effect of this new financial model and the technologies behind it cannot be overestimated. Continue reading Indie Author Day: What it’s about and what it does for indie authors and libraries