Self-publishing authors find success at the 99 cent price point | TeleRead: News and views on e-books, libraries, publishing and related topics

Self-publishing authors find success at the 99 cent price point | TeleRead: News and views on e-books, libraries, publishing and related topics:

"Amazon and Barnes & Noble’s self-publishing system gives authors a much bigger chunk of the retail price (70%) at $2.99 and up than at 99 cents (35%). But Joe Konrath reports that he went from selling 40 copies of an e-book per day at $2.99 to selling 620 copies of it per day at 99 cents. That works out to a change from $83.72/day of royalties at the higher price to $214.83/day—over 2 1/2 times as much—at the lower price."

Authors are finding success self-publishing with just a little marketing knowledge. I don't see how the Agency model can be sustained when more and more talented authors are going it alone.