I have a question about Kindle ebook self-publishing payments.
And yes, I realize how hard it will be to get to this stage but I'm forever the optimist!
Basically, I'm trying to work out if it is possible to make a living as an author and there seems to be a load of hidden fees that reduce any revenue. The more I look into it, the more I find. So have I got this right:
Generate ebook, if you use createspace there is a charge to do this? If you create it yourself for amazon kindle, this step is free of charge?
List ebook, if it sells you get 70% (in the United Kingdom) of the price credited to your amazon account, 30% goes to amazon - is this the same amazon account I use to buy things? So I can use the payment as credit?
Best way to get any money out is eft, direct deposit to a bank account - is this what people do? Do any of the banks charge for this?
Then there is the UK tax considerations but after all the fees charged to get to this point I daresay the earnings will be under the tax free threshold. Have I missed anything? Thank you!