Download the Infographic here.
The Great American Novel. It’s a classic concept, one that endures because of the human instinct to share our stories. Stories are a part of history, of art, of culture and, in some cases, one can actually achieve greatness through the sharing of those stories. So, if you have a story to tell or knowledge that can benefit others, the sharing of it shouldn’t be the hard part.
But it so often is. Aspiring writers have a less than 2 percent chance of being picked up by an agent or publishing house, and those that do often see sadly little return in terms of visibility, distribution or actual income. There’s struggling for one’s art, but constantly hitting walls when it comes to making it a reality is another thing entirely.
Fortunately, technology has made it so aspiring authors don’t have to be discouraged by rejection letters and cost prohibitive distribution. Though the Great American Novel trope includes the fantasy of wowing a publisher, getting a huge advance, shooting to the top of the New York Times bestseller list, getting a movie deal and retiring in Tuscany, the fact is, to be a successful writer, you don’t have to run the gamut of submissions and rejections, expensive production and distribution costs and constant second-guessing of your ability to succeed.
The proliferation of e-readers like Kindle, Nook and Kobo has driven the massive growth of the e-book market and, for authors looking to get published, opens up a wealth of opportunity for distribution and income without the obstacles that come with traditional publishing. Self-publishing and digital distribution enables authors to make their work widely discoverable and accessible with much less upfront investment and much higher potential to make money without a publisher taking the lion’s share of royalties.
The stats speak for themselves. Check out Lulu.com’s new infographic on the Rise of the Self-Publishing Author.