If authors could make 10x-100x what they do from books, that might be possible. Author income surveys vary quite a bit, but even among people published by major publishers, very very few exceed more than a few $10k per year of work on a book.
-
-
Replying to @michael_nielsen @Austen
A good example, comparable to results in other surveys is this. Median for traditional publication is less than $10k per year. Less for self-publication. It's a miracle books are as good as they are.pic.twitter.com/5ZAkM71ebG
3 replies 1 retweet 13 likes -
Replying to @michael_nielsen @Austen
Ebooks/etc for technical authors have a much healthier curve, although for the amount of risk/business savvy ventured doesn’t earn a huge premium over software engineering. (Can be done from anywhere though, which many friends take advantage of.)
1 reply 0 retweets 15 likes -
My impression is that meat-and-potatoes execution on the playbook, and it is a playbook, gets about one $40k launch for a book which took 6 to 16 weeks to write.
1 reply 0 retweets 10 likes -
As nearly as I can tell, the issue is one of quality. In most areas, a good book will take a 1-5 years of fulltime work to write. My guess is that for
@Austen's original wish to be fulfilled requires on the high end of that, usually 3+ years.1 reply 0 retweets 7 likes -
Of course, the books you're talking about can be very useful, & written quite quickly. But they're not the Wright Bros bio...
1 reply 0 retweets 3 likes -
Replying to @michael_nielsen @patio11
I have a hypothesis that the future of writing is self publishing. If you can eliminate the 80-90% a publisher captures it’s relatively easy to sell enough copies to make, say, $100k/book. (I self published my book and made more than 99% of authors)
1 reply 0 retweets 19 likes -
You offered "3,000+ Tech PR contacts!" with your book. Where did you source these contacts? Did they allow their contact to be used in the book, or was this a public aggregation? Do you think that played a big role in selling your book at $100 a pop?
1 reply 0 retweets 1 like -
Replying to @dannyaroslavski @Austen and
Link to book here: https://www.secretsaucenow.com/#download
1 reply 0 retweets 6 likes -
There were a bunch of add-ons; I didn’t see it as a book so much as a product, so hard to say. You could get those contacts pretty easily other ways. Sold $250k+ so far though, including one today, and almost sheer profit each one.
1 reply 0 retweets 6 likes
This seems like a great model that's going to do a lot of good in some areas. And won't obviously work in others (e.g., most biography). It'd be lovely to find models for those other areas!
-
-
Replying to @michael_nielsen @Austen and
Something that bugs me: a really nice idea about the market is that it should ideally align maximizing a selfish good (the entrepreneur's and company's self-interest) with overall social welfare. But for books, the "best" thing to do for social welfare is to give them away online
2 replies 0 retweets 7 likes -
Replying to @michael_nielsen @Austen and
michael_nielsen Retweeted michael_nielsen
This sometimes works out well - I was very lucky giving one of my books away for free online ( https://twitter.com/michael_nielsen/status/1031256363458916352 … ). But that involved (a) a lot of luck; and (b) was very field-specific. I wish there was a general model for aligning these interests.
michael_nielsen added,
michael_nielsen @michael_nielsenOpen access is often argued about in the abstract. I want to talk about a specific case study where I have detailed data - usage patterns for my (open access) online book/monograph "Neural Networks and Deep Learning" http://neuralnetworksanddeeplearning.com/chap1.htmlShow this thread2 replies 0 retweets 5 likes - 9 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.