Chapter
Making Money from Books
34:28 - 37:43 (03:15)
The speaker reveals that authors earn a small percentage from book sales, but they can make more money from courses, coaching, and consulting related to their book, which is why a $250K advance was paid.
Clips
The speaker was surprised to learn that books can make a lot of money, but he discovered that the best-selling book of 2020 (or possibly 2019) sold more copies than Hillary Clinton.
34:28 - 36:05 (01:36)
Books
Summary
The speaker was surprised to learn that books can make a lot of money, but he discovered that the best-selling book of 2020 (or possibly 2019) sold more copies than Hillary Clinton.
ChapterMaking Money from Books
EpisodeDoomer Optimism, The Economics of Book Publishing, and More
PodcastMy First Million
The guest author has made $400,000 this year through related products like courses and coaching, in addition to earning pennies on the dollar from book sales.
36:05 - 37:43 (01:38)
Making Money, Book Sales
Summary
The guest author has made $400,000 this year through related products like courses and coaching, in addition to earning pennies on the dollar from book sales. Although an advance of $250,000 was given, it is unclear how much was actually spent on publishing costs and salaries.