It is surprising to see a blog post like this published in 2014. Admittedly is refers to a 9 year old book, but the point it makes has been rendered moot by developments since. A publisher recently contacted me to explore the possibility of me writing a book for them. The terms, which I believe are fairly standard, are you make about $1 for every book sold, or about 5% of the total revenue. A technical author can exp…
"A publisher recently contacted me to explore the possibility of me writing a book for them. The terms, which I believe are fairly standard, are you make about $1 for every book sold, or about 5% of the total revenue. A technical author can expect to make about $10'000 if their book sells well. The publishing house makes about $200'000 on this, with the rest going to distribution and book stores." I'm not directly in…
The first link is (a) talking about John Grisham, not technical books or even most fiction ("$2.00 - Marketing - Book tour, NYT Book Review ad, printing and shipping galleys to journalists"), and (b) double counting the wholesaler/distributor ("$2.80 - Wholesaler - The take of the middlemen who handle distrobution for publishers" as well as "Most books are sold to retailers at X% discount of the cover price by the wholesalers. ... [S]o we can assume a midlist novel might be 20-30%").
The five thoughts at the end of the second are...interesting:
"There are a lot more stages and costs than anyone would imagine.
"This convoluted process can be optimized in innumerable ways – Mr. Bezos would be hard pressed to find a more ‘improvable/kaizenable’ business model.
"Everyone who works for publishing companies claims that there is little money to be made and everyone does it for the love of it. Not sure if this is a function of profits not being shared with employees or there simply are no profits.
"There is huge consolidation of power...
"The number of people employed is staggering. A bail-out for Publishing doesn’t seem as crazy an idea.
"[There are immediately obvious optimization opportunities.]"