Is There Money in ebooks?
Did you know eBooks are the fastest growing digital product online. 2016 revenue is expected to be roughly $16 billion. Compound annual growth is projected to be around 16% between 2016 and 2020.
Overall growth during that time span is expected around 93% – making eBooks the biggest growth segment overall.
Expected sales in 2020 is $29 billion.
According to Publishers Weekly, self-published books make up as much as 31% of all ebook sales on the Amazon Kindle store and only 16% of ebooks on the Amazon bestseller lists are from top five traditional publishing houses.
This chart shows that 84% of all the top selling books are from self-publishers like us Elite Online Publishing, where all of our authors are #1 Best Sellers