This post, by traditionally- as well as self-published author Tracey Edwards, originally appeared on her Tracey Writes site on 8/1/11.
Well the month has just finished and while 5 Simple Rules has only been up since the 8th July I thought I’d report on my progress so far.
As of today I have sold 10 copies.
10 copies that I’m actually pretty thrilled with given it’s my first month (indie authors usually notoriously have low numbers in the first few months) and that it’s a book on the stock market (not exactly a hot topic right now).
So for 10 copies at $2.99 my royalties are: $18.34 (8 @ 70% + 2 @ 35%).
(Less the stupid 30% tax that they’ll take out before they send me a cheque because I’m not a US citizen and haven’t bothered to fill out all the IRS tax forms yet – but which I can still claim back through the Australian tax system under foreign credits so am wondering if I really will bother about the forms anyway).
What does this mean? Does it mean that you can make money being a nonfiction indie author or not?
Ahh do not give up grasshoppers because like I said this is my first month. Plus it’s the only book I have up on Kindle so far (actually that’s not entirely true – I just uploaded a romance erotica short story under a pen name – just to see – too early to tell about this genre yet though).
The real key to making money with the Kindle is to have lots more books up.