Well-known British authorpreneur Joanna Penn launched a survey of self-published authors in January this year to discover what their main income streams were. 738 authors responded and 94% stated they have multiple income streams (although it should be noted that print, e-book, and audiobooks were listed as independent streams).
About a quarter of respondents make money from alternate streams such as instructing and/or freelance/ghostwriting. Author services and coaching were both 19%, with online patronage (e.g. Patreon), merchandise, and online course sales each used by approximately 10% of indie authors.
We all know it's not easy to make money self-publishing so it's interesting and informative to see how other authors approach making a living from their passion. |