Comments on: Does writing make you rich? http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/ innovative communication for innovative communicators Tue, 07 Feb 2012 15:39:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: FeedDemon Beta and the expansion of my information sources http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-425 FeedDemon Beta and the expansion of my information sources Thu, 18 Dec 2008 05:36:14 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-425 [...] posts: Neville needs to book into the Podcast Institute, Does writing make you rich?, A new internal comms blog - welcome Ron!, BCR Podcast #25 - An Interview with Shel Holtz & [...] [...] posts: Neville needs to book into the Podcast Institute, Does writing make you rich?, A new internal comms blog – welcome Ron!, BCR Podcast #25 – An Interview with Shel Holtz & [...]

]]> By: make money online http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-424 make money online Fri, 28 Apr 2006 11:57:43 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-424 Great article, that was interesting Great article, that was interesting

]]> By: make money online http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-4759 make money online Fri, 28 Apr 2006 11:57:00 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-4759 Great article, that was interesting Great article, that was interesting

]]> By: Lee’s new Better Communication Results blog http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-423 Lee’s new Better Communication Results blog Sat, 11 Mar 2006 08:09:23 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-423 [...] Related post: Does writing make you rich? [...] [...] Related post: Does writing make you rich? [...]

]]> By: Lee’s new Better Communication Results blog http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-422 Lee’s new Better Communication Results blog Fri, 17 Feb 2006 14:32:59 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-422 [...] So the idea that we could all have enjoy our own ‘Chicken Soup’ book, geared specifically to us and our needs, is not too far fetched. And the royalties would just roll in… [...] [...] So the idea that we could all have enjoy our own ‘Chicken Soup’ book, geared specifically to us and our needs, is not too far fetched. And the royalties would just roll in… [...]

]]> By: Shel Holtz http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-421 Shel Holtz Thu, 16 Feb 2006 21:25:26 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-421 Sallie has pretty much said it all, Lee, and I would echo what she has said. This may hold up if you write "The Tipping Point" or "In Search of Excellence." My royalties for my books have allowed me to take my wife out for a few nice dinners. The real value (indirect, of course) is enhanced credibility, which makes it easier to market your services. Sallie has pretty much said it all, Lee, and I would echo what she has said. This may hold up if you write “The Tipping Point” or “In Search of Excellence.” My royalties for my books have allowed me to take my wife out for a few nice dinners. The real value (indirect, of course) is enhanced credibility, which makes it easier to market your services.

]]> By: Shel Holtz http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-4758 Shel Holtz Thu, 16 Feb 2006 21:25:00 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-4758 Sallie has pretty much said it all, Lee, and I would echo what she has said. This may hold up if you write "The Tipping Point" or "In Search of Excellence." My royalties for my books have allowed me to take my wife out for a few nice dinners. The real value (indirect, of course) is enhanced credibility, which makes it easier to market your services. Sallie has pretty much said it all, Lee, and I would echo what she has said. This may hold up if you write “The Tipping Point” or “In Search of Excellence.” My royalties for my books have allowed me to take my wife out for a few nice dinners. The real value (indirect, of course) is enhanced credibility, which makes it easier to market your services.

]]> By: Sallie Goetsch http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-420 Sallie Goetsch Thu, 16 Feb 2006 16:22:41 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-420 I wouldn't get too excited. Among other things, that survey (as I mentioned in <a href="http://fileslinger.com/authorizer/articleblog/2006/02/raintoday-survey-results/" rel="nofollow">my own blog</a>) states that for authoring a book to have a really substantial impact, you have to sell at least 10,000 copies, and to sell more than 10,000 copies, you have to shell out quite a bit on marketing and promotion. Look at who some of the authors who responded to that survey are and you'll see that, as with the publishing industry generally, a few big successes skew the average considerably. Just do the maths. A typical royalty on a traditionally-published $20 business book is $0.80. To make $210,728, you have to sell 263,410 books. Given that few stores will re-order a book if it doesn't sell out in the first 3 months, authors have very little time in which to build the momentum required to keep the book selling steadily for years. The difficulty in making substantial income from book sales is one reason I prefer working as a ghostwriter--I get paid for my work regardless of how well the book succeeds. Nevertheless, even if a book sells only in the hundreds, the fact of having published one <i>does</i> increase the fees a speaker or a consultant can command and the quality of clients s/he can get. It's a bit like having a PhD in academia: it takes considerable work and time (and frequently money) to get, but without it, there's only so far you can advance. I wouldn’t get too excited. Among other things, that survey (as I mentioned in my own blog) states that for authoring a book to have a really substantial impact, you have to sell at least 10,000 copies, and to sell more than 10,000 copies, you have to shell out quite a bit on marketing and promotion. Look at who some of the authors who responded to that survey are and you’ll see that, as with the publishing industry generally, a few big successes skew the average considerably.

Just do the maths. A typical royalty on a traditionally-published $20 business book is $0.80. To make $210,728, you have to sell 263,410 books. Given that few stores will re-order a book if it doesn’t sell out in the first 3 months, authors have very little time in which to build the momentum required to keep the book selling steadily for years.

The difficulty in making substantial income from book sales is one reason I prefer working as a ghostwriter–I get paid for my work regardless of how well the book succeeds.

Nevertheless, even if a book sells only in the hundreds, the fact of having published one does increase the fees a speaker or a consultant can command and the quality of clients s/he can get.

It’s a bit like having a PhD in academia: it takes considerable work and time (and frequently money) to get, but without it, there’s only so far you can advance.

]]> By: Sallie Goetsch http://www.leehopkins.net/2006/02/17/does-writing-make-you-rich/comment-page-1/#comment-4757 Sallie Goetsch Thu, 16 Feb 2006 16:22:00 +0000 http://leehopkins.net/2006/02/17/does-writing-make-you-rich/#comment-4757 I wouldn't get too excited. Among other things, that survey (as I mentioned in <a href="http://fileslinger.com/authorizer/articleblog/2006/02/raintoday-survey-results/" rel="nofollow">my own blog</a>) states that for authoring a book to have a really substantial impact, you have to sell at least 10,000 copies, and to sell more than 10,000 copies, you have to shell out quite a bit on marketing and promotion. Look at who some of the authors who responded to that survey are and you'll see that, as with the publishing industry generally, a few big successes skew the average considerably. Just do the maths. A typical royalty on a traditionally-published $20 business book is $0.80. To make $210,728, you have to sell 263,410 books. Given that few stores will re-order a book if it doesn't sell out in the first 3 months, authors have very little time in which to build the momentum required to keep the book selling steadily for years. The difficulty in making substantial income from book sales is one reason I prefer working as a ghostwriter--I get paid for my work regardless of how well the book succeeds. Nevertheless, even if a book sells only in the hundreds, the fact of having published one <i>does</i> increase the fees a speaker or a consultant can command and the quality of clients s/he can get. It's a bit like having a PhD in academia: it takes considerable work and time (and frequently money) to get, but without it, there's only so far you can advance. I wouldn’t get too excited. Among other things, that survey (as I mentioned in my own blog) states that for authoring a book to have a really substantial impact, you have to sell at least 10,000 copies, and to sell more than 10,000 copies, you have to shell out quite a bit on marketing and promotion. Look at who some of the authors who responded to that survey are and you’ll see that, as with the publishing industry generally, a few big successes skew the average considerably.

Just do the maths. A typical royalty on a traditionally-published $20 business book is $0.80. To make $210,728, you have to sell 263,410 books. Given that few stores will re-order a book if it doesn’t sell out in the first 3 months, authors have very little time in which to build the momentum required to keep the book selling steadily for years.

The difficulty in making substantial income from book sales is one reason I prefer working as a ghostwriter–I get paid for my work regardless of how well the book succeeds.

Nevertheless, even if a book sells only in the hundreds, the fact of having published one does increase the fees a speaker or a consultant can command and the quality of clients s/he can get.

It’s a bit like having a PhD in academia: it takes considerable work and time (and frequently money) to get, but without it, there’s only so far you can advance.

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