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Writing books is not really a good idea

ellegriffin.substack.com

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Re: Writing books is not really a good idea

#21
post #11

> there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies I'm confused... just the top 0.0001% (268 x 100k) is 26.8M, yet they claim only 2.6M books were sold total for the full year. Am I missing something obvious?

2.6 million different book titles. Not total sales of books online, which is about 500m, I believe.

Re: Writing books is not really a good idea

#22
post #13
post #11

> there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies I'm confused... just the top 0.0001% (268 x 100k) is 26.8M, yet they claim only 2.6M books were sold total for the full year. Am I missing something obvious?

I think they meant 2.6 mil titles, not copies.

Ah, I'll bet you're right! Wow, that significantly changes the meaning...

Re: Writing books is not really a good idea

#24

I feel like I'm one of the few people that still does purchase books. In 2020 & 2021 I bought music theory books from amazon + jazzbooks.com, and I had some Korean books imported by a friend. I have the space and bookshelves to house them though.

Most people just don't read any books. Whether I buy physical or audible mainly depends on the books content. Story-heavy books (most) are great on audible, more technical stuff deserves physical.

Re: Writing books is not really a good idea

#25
post #2

That’s more than I was expecting given the 98% selling less than 5000 referenced in the opening paragraph. But then again, that 2.6 million books were sold is also more than I expected.

2.6 million would mean 1 in 3000 people on earth, bought at least 1 book in the last year. That doesn't seem very surprising to me? Although I think you meant to write 27 million (268 * 100k) edit - ignore, I missed that it was 2.6m unique in the article

The data is also quite sparse and almost certainly missing a large chunk of the worlds population. Looking at their website, I doubt they’re covering the Chinese domestic market. I’d also be surprised if they’re covering say Bangladesh, or Indian non-English books or content. Same with Indonesia.

That right there would probably throw all the numbers off dramatically world population wise.

Re: Writing books is not really a good idea

#27
post #11

> there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies I'm confused... just the top 0.0001% (268 x 100k) is 26.8M, yet they claim only 2.6M books were sold total for the full year. Am I missing something obvious?

The 2.6 million is the choice of books available. Like baskin robins has 31 flavors but only 5 of them sold more than 100k scoops.

Re: Writing books is not really a good idea

#28
post #9

How is audible factored in here? I've 10X'd my audible intake over the past year.

Three paragraphs into the article is a chart that includes audio book sales.

Does that accurately represent the model of audible credits? Or just actual purchases of audio books?

Re: Writing books is not really a good idea

#29
post #11

> there were 2.6 million books sold online in 2020 and only 268 of them sold more than 100,000 copies I'm confused... just the top 0.0001% (268 x 100k) is 26.8M, yet they claim only 2.6M books were sold total for the full year. Am I missing something obvious?

It’s confusing but the percentage figure means that 2.6 million individual titles were sold or available to be bought. Only 268 of those titles sold over 100k.

Re: Writing books is not really a good idea

#30
"98 percent of the books that publishers released"

is the key phrase, and it's nothing new; the sell rate in traditional publishing has always been quite low. But this does not include books sold in all the other self-publishing ways.

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