The popularity of digital books in recent years has caused a huge change in the publishing sector. Despite the rise in popularity of e-books, many individuals still choose reading printed books. But the issue still stands: Are printed books going extinct?
No, it can’t just be a simple yes or no. Even though printed books are still created, bought, and read, the market is moving toward digital media. E-book sales made up about 20% of all book sales in 2019, while printed book sales made up the remaining 80%. While this implies that physical books are still very much in use, it’s crucial to remember that sales of e-books have been rising over time.
So how many books should you sell to make a profit? Since it relies on a number of variables, including the author’s reputation, marketing strategies, and the book’s genre, there is no universally applicable answer to this question. However, a study by Digital Book World found that the average self-published book only sells 250 copies, compared to the 3,000 copies sold by officially published books. Of course, there are exceptions to this rule, such as J.K. Rowling’s enormously successful Harry Potter series. In relation to Rowling, how much money does she make from each book? The precise sum changes based on elements including her contract with her publisher and the book’s sales. But it’s believed that Rowling receives about $1 from each book sale. The Harry Potter series has sold more than 500 million books worldwide, so while this may not seem like a lot, the total quickly mounts. Last but not least, is self-publishing worthwhile? Many prospective writers ask themselves this question. For individuals who desire more control over their work and a higher percentage of profits, self-publishing can be a fantastic alternative. But it’s crucial to remember that self-publishing takes a lot of time, work, and money. The entire publication process, from editing to marketing, must be managed by the authors. Additionally, in the congested publishing business, self-published publications could have a tougher difficulty becoming visible and credible.
Despite the fact that printed books are still in demand, the business is undoubtedly moving toward digital versions. Even though the publishing sector’s future is uncertain, reading will always be a passion for people. The satisfaction of losing yourself in a wonderful story, whether it be in a physical book or an electronic one, will never fade.
The response to the relevant query “Are printed books dying?”