Karen Dionne, a novelist herself, has an article on Daily Finance looking at the new economics of e-book publishing in light of recent changes in the industry. She looks at J.A. Konrath’s success on the Amazon platform, and also at writer Nancy Cruz Coleman, who had written a retelling of Rumpelstiltskin called Rumpel but had no success shopping it around to big publishers.
"I could have let Rumpel sit on my hard drive and collect dust," Coleman says. "But there is a wonderful community of fairytale-retelling aficionados on the Internet. The more I read about what they were looking for, the more convinced I became that my novel would find an audience, and not just among my friends and family. So far, Rumpel has been well received. I am hopeful that as more people learn about it, the book will gain momentum."
Dionne does point out the traditional drawbacks of self-publishing, of course—the author has to either do his own or pay for someone else to do editing, covers, formatting, and publicity. But if there are problems, there are also opportunities for enterprising innovators to devise new ways of handling them.
None of this comes as news to regular readers of this blog, of course, but I find it interesting that more and more news sources, including financial ones, are taking note of the new possibilities offered by modern e-publishing. How long will it be before it becomes even easier and more lucrative, I wonder?