“It means that now, in bestseller lists, alongside literature’s world-famous, you’ll discover the likes of John Locke. Last year, he became the eighth member of a highly desirable pack – the Kindle Million Club – a special few who have surpassed the one million sales mark in Amazon’s Kindle store.
“We’re in the stages of a complete transition,” Mr Locke told the BBC, “Self-published authors were made to feel second rate, and ridiculed. It’s perhaps the only industry where that takes place. Now, the playing field has levelled because of the access to electronic media.”
Self-publishing specialists not only make unleashing a book into the world a free, five-minute process – but they also give authors the lion’s share of the profits, in some cases as high as 80% or 90%. Traditional publishers, meanwhile, are more likely to give their authors around 25% of e-book sales. For printed copies, even less.” Full Story