Aching to get on the Amazon bestseller list? Despite the title, the view isn't really so much better from the top of the heap. According to a new report, the authors on that list aren't even making federal minimum wage.
Money, Money, Money
In fact, you'd earn more money (now) as a full-time government employee than as an Amazon bestselling author. Hugh Howey released a report detailing the actual earnings of Amazon's indie and self-published authors. He studied 3,439 authors responsible for the 7,000 bestsellers listed on Amazon. These are books that sell more than one copy daily. Only 944 of them were earning more than $58 per day, which is the amount you'd receive working 8 hours per day at federal minimum wage earnings of $7.25.
It's not very promising, but other numbers-crunchers argue that this is just a glimpse of a small piece of the big picture. Publishing is changing quickly now, and self-publishing is becoming more of a force in the industry.