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Wednesday, June 29, 2011

The Next Kindle Millionaire...

Or not.

I'm a little alarmed about the recent buzz concerning a sudden drop in sales for e pubbed books on Kindle.  Just in time for my big launch too.  The consensus seems to be that a combination of a pre-summer stock up and the Sunshine sale on Amazon have driven sales down for June.  But still it begs the the market saturated?
Theoretically people are still buying e readers and so new customers are coming online everyday, but like all great ideas it's always best to be in on the ground floor.
Now I'm wondering if those of us that are inspired by recent Kindle successes like Amanda Hocking and J.A. Konrath are causing our own problem by glutting the market.

It will be interesting to see if the audience will expand with growing number of e books coming down the pipe.
It's what I call the pet rock issue.  Somebody in the 1970's came up with this concept:  A rock with eyes in a box and a training booklet.  It had a very successful six month run that made the creator a millionaire.  He wisely used the profits to open a bar, which as you know is likely to be around forever.
So is e pubbing the next pet rock, a brief flash in the pan or the wave of the future? Has the ground floor been filled? Let me know what you think.

For some great information on e pubbing check out J.A. Konrath's blog.

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