I don't know about you, but the one thing I've always wanted to know about e-books is how much do you make? No one ever really comes out and says, do they? Well today I will share with you what I know so far, which, unfortuantely, isn't much. We priced "Totally Cliche" at $.99 a copy. We published on Kindle and Smashwords so far. On Kindle we are making $.35 a copy. On Smashwords we are making $.56 a copy. Combining both sites, we have sold about 30 books and made about $10. No, we're not getting rich off this book, but we are learning so much and since you are part of the team, I want to make sure you know what we know.
Now, Smashwords also has what they call Premium Status for e-books that have been formatted correctly. What Premium Status means is that your book would go out in their catalogue to their e-book distributors and could be picked up by distributors like Nook, Sony Reader, iBooks, etc. Meaning, people could go to Nook.com, for example, and find your e-book. When your book sells on the site of an affiliate, your profit goes down a bit to pay the affiliate for distributing your book. I'm not sure how much yet, since our e-book has just barely reecieved Premium Status. But Smashwords would still be the one sending you your royalties.
Now, all my knowledge so far is based off of a $.99 price. The perrcentages change some based on the set price.
Have I completely confused you yet? If so, please leave a question in the comments and I will hope I know the answer! I hope this has helped clear up a little bit of the mystique for you, I know this experience has really been a wonderful confidence booster for me. I highly recommend it for any who are thinking about it. No, most of us will not be Amanda Hocking and make millions off of e-books, but what we do gain by putting our books out there is knowledge, experience, confidence, and more qualities that can't be given a price tag.