I myself make a little money from putting my back list on the Kindle and other e-readers. All My Books on the Kindle (Including 5 for $2.99. But not millions.
An article in the Washington Post points out the same enormous successes these articles always do: Amanda Hocking and JA Konrath, as well as a few lesser known names. But it also injects a note of caution:
“The overwhelming number of self-publishing e-authors are consigned to the same fate as their print counterparts: oblivion. “We have less than 50 people who are making more than $50,000 per year. We have a lot who don’t sell a single book,” says Mark Coker, founder of Smashwords.com, a Web site that helped launch indie publishing.”
Read on for a balanced view.