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 -
Bring back patronage?
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I'd love to hear how you think it might work! Historically, patronage has done some amazing things, but has very limited scaling capabilities. Arguably, the biggest success has been universities. Which, er, as you know have some shortcomings
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It's common to point to Patreon and Kickstarter. But the blunt fact is that the number of very high quality creative projects these have supported at a reasonable income is tiny. It's great for those people, but (so far) hasn't provided a scalable model.
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Ya I don’t think either of those models work here. Maybe there isn’t one that does, not sure. But I think the solution is selling 1,000 of something for $100 ea
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Replying to @Austen @michael_nielsen and
I think there's great potential for self-published books with mainstream appeal to be launched via interviews on established podcasts or even independent pod mini-series. IMO, we need to bring back the "wealthy benefactor" for niche writers to free them from academia
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