Another smart voice trying to keep up with all the changes is Porter Anderson (who is not related to Anderson Cooper no matter how my brain wants to link them. You’ll also note, from the images, that neither of them resembles the Mini Cooper, now made by BMW.)
Anderson (Porter, not Cooper) points us to stuff like this great read on a traditional publisher overcoming the “stigma” of self-publishing because the extra $5,000 a month made it seem like a good idea. (That’s one thing I love about Anderson’s writing: sometimes, the tongue just might be in the cheek, but it’s not obvious. I could be wrong.)
Jane Friedman’s site and work examines with an analytical but empathetic eye the windings of many writing roads, from individual authorship to self- and traditional publishing to diverse matters of writing craft and business. She is on top of the latest developments—and offers clear interpretations from that peak.
Writing to make a profit in 2013 requires either wild blind luck or choosing to write over-the-line sexual encounters. For this brief moment in history, books are a commodity: far more supply than demand.
Stick with it for 5 years, and the opportunists will have faded away or been pruned by market response.
For now, write because you have something to say. Word toward making a profit 5 years from now.
If you understand that self-publishing is a business which is connected to but not the same as the art of writing, you’re light-years ahead of many other authors.