If you write an ebook and market it online with them they roughly take 2/3 and give you the remaining 1/3. Pretty greedy suckers if you ask me...
Compared to what? Traditional book publishers aren’t exactly sharing the wealth with their authors either. I read that typically the author gets less than $1 per book.
Perhaps, but try marketing an e-book on your own. For the tiny to nonexistent investment an author has to make, it might be well worth it. It's really an amazing service.
If you write an ebook and market it online with them they roughly take 2/3 and give you the remaining 1/3. Pretty greedy suckers if you ask me...
You need to update your facts.
Yes, from .99 to 1.99, they pay a 35$ royalty.
But from $2.00 and up, they pay a 70% royalty.
Now try finding a traditional publisher that pays anywhere near either of those rates.
Amazon has probably made more writers millionaires than all the big publishers have combined.
NOT TRUE. Kindle books selling for $2.99 and above are eligible for 70% royalties. That means a $6.99 Kindle returns $5 to the author.
Show me a "real" (dinosaur) publisher in NY that pays 70% royalties to new, untested, unproven indy authors. More like 10% royalties, IF they get a contract.
Below $2.99, and if an author opts to sell his books on B&N Nook, the top Amazon e-book royalty drops to 30%, but that's still better than 10% from a "real" (snicker) publisher.