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.
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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...
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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)
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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?
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Replying to @dannyaroslavski @Austen and
Link to book here: https://www.secretsaucenow.com/#download
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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.
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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!
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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
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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
Put another way: giving away a book in a hot field like deep learning is probably a good loss-leader for the author. But it wouldn't work for Jane Austen to fund her novels. And the latter is a hell of a lot more important, IMO (or pick your own example to interchange)
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Replying to @michael_nielsen @Austen and
Bless you for this
@michael_nielsen ...0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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