For centuries, agents and publishers have acted as gatekeeper of the printed word that gives authors access to a potential audience of millions. But a growing army of writers, emboldened by new technology and the proliferation of e-readers, are rejecting the traditional publishing model. Some write for enjoyment, some for creative fulfilment, while others simply write to make money. And for those lucky ones that get it right, the rewards can be substantial – e-book sales in the US grew by almost 50% [in 2013] and more than doubled in the UK, while traditional print book sales continued to stagnate or dwindle. (BBC)
There is no doubt that ebooks are now a huge part of the publishing industry there are authors with 20 books on the market making £50,000 a month. It’s not just e-books that can generate cash, but audio books and translations for different markets, all of which can help raise an author’s profile and attract new readers, helping to boost book sales.
Some authors are even selling the rights to some of their books to traditional publishers while keeping control of others, or selling print rights and keeping those to e-books.