Income booms for self published authors

Self-published ‘indie' authors are earning up to double the amount of those using traditional publishing models, according to analysis by the University of Glasgow's CREATe (UK Copyright & Creative Economy Research Centre) of a first of its kind global study undertaken by the Alliance of Independent Authors, and sponsored by Self-Publishing Formula.

According to the report, Indie Authors' Earnings 2023, the average incomes of self-published authors are rising, 'with a 53% increase in 2022 over the previous year. The median revenue in 2022 for self-published (indie) authors was US$12,749, in contrast to the median of US$8,600 for authors with third-party publishers.