This past week I've been following the Amanda Hocking story. If you don't know who she is, don't feel bad. I didn't either until she started making publishing headlines. Although apparently, plenty of other people did know who she was. She's the chick who self-published her novels, selling them on Amazon, and Barnes and Noble, and has made 7 figures since putting up her first book last year. Yes, you read that correctly. According to this NY Times article she's made almost 2 million dollars. The interesting thing is that she made news recently because despite all her mega success in the world of self-publishing she's just signed a huge deal ($2 million) with St. Martins Press for 4 YA novels, the first scheduled to debut next year. You can read about the deal right here.
In an interesting twist, Barry Eisler, a best selling author of traditional published books, has turned down an offer from the same publisher (St. Martins Press) to self-publish. He thinks he'll end up making more money in the long run, by going it alone. I have to say, he makes sense. You can read his reasoning right here on Book Beast.
This all takes me back to last October, sitting in that big conference room listening to the panel talk (one of the panelists, by the way, was self-pub guru Joe Konrath) about the future of publishing. I think after the events of the past couple of weeks, I can say that almost anything can and will happen. We have to adapt. We have to write smarter and be smarter businesswomen. Our books are our merchandise and we have to get our merchandise in front of people to read. Any way we can.