Ask HN: Making extra income with books
- Did you go with a traditional book (paper/hardback)? If traditional, did you sell online or within an actual store.
- Did you create an ebook? If so, which platform for distributing has worked out the best for you (3rd party, on your own, or a mix)
- Did you go with all text or do you have images or graphics? If you have done both, what can be noticed between the two?
It would also be helpful to know the income you generate, on average, from books (not necessary but I am curious to know). I have always talked about writing a book of sorts but have never fully carried through. I have started off and on and have written many tutorials for coworkers, I would like to take enhance those as well and maybe make some extra income from them. //Insert New Years Resolution Here//
49 comments
[ 3.1 ms ] story [ 104 ms ] threadI really look at my book as paid lead gen for my more premium products. Take a look at my annual report for the year which outlines how I funnel customers through my products: http://planscope.io/blog/how-i-changed-the-world-in-2013/
To paraphrase very financially successful authors like Stephen King, D. W. Smith, and Joe Konrath: "good books are a labor of labor; the more books you write, the more you will sell."
I started writing and finished https://leanpub.com/Privacy_in_Digital-Era still waiting editor to finish and after repairs it goes online. Published are http://www.amazon.com/dp/B00HFGSB3K and https://leanpub.com/opensourceencryption
Digital editions for now, print is planed and should be available in month or so.
For writing i would recommend https://leanpub.com, great platform you write in markup and it creates .mobi, .epub and .pdf formats.
After that there is publishing and marketing. Main one's are amazon and apple, smashwords, lulu, nook, kobo etc. Marketing is something i still work on ;o)
Established writers get more revenue which is pure logic by itself, one book is not enough. Extra comes with time, good luck.
[1]: https://www.petekeen.net/mastering-modern-payments
[2]: https://www.petekeen.net/adventures-in-self-publishing
[3]: https://news.ycombinator.com/item?id=6320333
I put it on Hacker news, but it sank without a trace, and yielded 0 comments, and very few downloads. Facebook, twitter, and Google+ have made up 30% of downloads, and Smashwords (https://www.smashwords.com/books/view/392425) most of the remainder. As long as you are on the front page you get good traction, but discoverability is poor.
Indeed, this is the biggest issue I know of. If you can put the book in front of people you can get good metrics (30% of all views led to downloads). But finding a way to get those views is very hard.
While that may have "only" yielded several hundred dollars for this particular project, I anticipate a far greater chance of future backing from them than from impersonal advertising captures. (And I use the term "capture" here with all its connotations.) I also found potential future editors, artists, beta readers, and the like in the process. Even better, I made some awesome new friends.
This all applies to a book that I haven't yet finished editing (23% progress), never mind put up for free.
The insanely successful indie author, J. A. Konrath, explains how he paid his dues with hundreds of hours spent on book tours, convention floors, and the like, all sans publisher compensation. He now brings in six figures or more.
tl;dr - A focus on selling (_selling_) your work to just one person at a time will pay forward in spades, even if it takes a while.
@liamcarton - Feel free to hit me up. We can trade author notes. My email's in my profile. :)
Practical Clojure (http://www.apress.com/9781430272311)
ClojureScript: Up and Running (http://shop.oreilly.com/product/0636920025139.do)
Clojure Cookbook (http://shop.oreilly.com/product/0636920029786.do)
Practical Clojure and Clojure Cookbook were/will be available in B&M stores though those are a relatively small fraction of sales. ClojureScript U&R is print-on-demand/ebook only.
In each case I wrote the books because I felt I had something to say, and was qualified enough to say it. Getting published was mostly a matter of being in the right place at the right time, when the publishers were interested in these books, and being introduced to a couple editors via coworkers and open-source acquaintances.
Niche tech books like this are not a good deal from a purely financial perspective. I make some money, but somewhat less than I would contracting for the time I put in to them.
They were very valuable or forcing me to gain mastery of a topic, and they are quite possibly the best thing I've done with respect to my career.
* https://news.ycombinator.com/item?id=6990935
I was lead author for ebook/print book through Apress - _Hacking the Kinect_ - http://amzn.to/1aljFwQ
It was distributed in stores and online, as well as in ebook form. It has text, graphics, and code.
It generated not much past the initial upfront payment of ~$8000, spread across myself and 3 coauthors.
Reasons?
1) Niche topic, badly addressed. It was pretty hot at the time, but the number of people looking for a intermediate - advanced level text on 3D sensing was not as high as the number of people looking for "cool demo I can type in and make my SparkFun robot drive around a Coke can".
2) Published through agency. I appreciated Apress' work on marketing my book. Everything else I could have handled myself (and probably the marketing too). They also have tough terms - you have to be a knockout (4k+ units[1]) success in the technical book industry to really make money through publishers.
3) Bad print copy. The grayscale used for my book was too dark, blowing away some images. Apress did not want to fix this. I recommend the Kindle version to everyone I can.
Worth it? Yes. It is a great means to open doors and market yourself. Financially worth it? Not through a publisher.
[1] I can't cite this off the top of my head, but that's the number I recall from a few years ago.
I am an author of a robotics book in an even more niche topic and I doubt our royalties totaled more than ~$5000 in the 4 years its been out (no upfront payment). I've always considered it as something to put on the CV more than anything else.
But don't think it's free money - it's still takes a lot of time to write it and it's still difficult to spread the word about the book.
http://www.antipope.org/charlie/blog-static/2010/04/common-m...
I am not going with a traditional book format (at least not initially).
It is an ebook, and I will not be using a publisher. I'll be using it on my own website via gumroad. I really got a lot of my motivation from Nathan Barry & Brennan Dunn.
For this book, I"m going with all text.
When I publish it, I'll do a recap of income generated.
*also, the prices on my page are not accurate. I will be changing those shortly. It's just a landing page now.
http://www.amazon.com/Sell-More-Software-Conversion-Optimiza...
I published it through Hyperink, which is not a traditional publisher. They bring the software and editors (plus associated trades) to get the book put together, I brought the words. No advance, more equitable royalties than traditional publishers would offer, and they handle the mechanics of getting it into Amazon and whatnot.
I haven't run the numbers recently but recall selling somewhere in the neighborhood of 1,X00 copies. I haven't done the math on royalty payments for the year, but would ballpark them in the $5k range?
It would be, ahem, extraordinarily difficult to get a traditional publisher to greenlight publishing on as niche a topic. If I had, I would expect them to offer me $5k as an advance, as that is roughly market for first-time non-technical authors. (At the standard prices and royalty rates 2k units would not nearly earn out a $5k advance, which means that absent additional substantial sales I would expect to never receive any royalty payments beyond the $5k advance.)
I didn't publish the book primarily for economic reasons. If I had, I would have done something a bit closer to the Nathan Barry / Brennan Dunn / etc model. Prominent elements thereof: email marketing as a distribution channel, markedly higher prices ($49 vs. $9), multiple tiers (e.g. book @ $49, book + supplementary materials @ $99, book + supplementary materials + some interactive component at $249), and likely self-published 100% because I'd need more control over the pricing / marketing / etc than any publisher would care to allow me to have.
Other authors on HN have been extraordinarily generous at writing about exactly what is required tactically for successfully marketing books. I'd highly encourage you to read their posts / comments, as they will make it wildly more lucrative for you, if that is part of your reason for writing the book. If you just want the published author merit badge, traditional publishers are a way to get it, and they seem to be totally willing to financially exploit you in return for offering it to you.
Along with the book (http://startsustain.com), about starting and running your own web app, I included a simple project task list and a rather involved spreadsheet for helping to estimate revenue and expenses and easily adjust them to see the impact on revenue. My results might be moderately misleading because this spreadsheet was a significant component of value justifying the price.
The book was all new content, rather than repackaged blog posts, and I sold the package for $99 with occasional sales of $79 and $59. Prior to launch, I built up an announcement list of about 1,600 interested people. I did a poor job marketing to those people beforehand, but instead just sent out a single launch announcement.
It's been available for about 9 months now and sold over 500 copies for a total of about $45,000. I spent about $3,000 up front for cover design and editing.
http://neuralnetworksanddeeplearning.com/chap1.html
It'll be free online once complete, but I raised money with an Indiegogo campaign (about 10k). I'm self-publishing, in part because I wanted full control over the book. This gives me the ability to experiment with in-text videos, and with other tricks. For instance, when a reader clicks on an equation reference in the text, the relevant equation appears in the margin, as a reminder. Clicking on the marginal equation will take you to the context in which the equation originally appeared. This cuts down on tedious back-and-forth.
My two earlier books were both published in the traditional way:
+ A book for general audiences about networked science, "Reinventing Discovery: the New Era of Networked Science": http://www.amazon.com/dp/0691160198 Published by Princeton University Press.
+ A textbook about quantum computing, jointly with Ike Chuang: http://www.amazon.com/Quantum-Computation-Information-Annive... Published by Cambridge University Press. No e-book at all when first published (2000)!
Both were written with LaTeX, and included many illustrations. "Reinventing Discovery" was actually rekeyed entirely by the publisher, but the textbook was produced from our LaTeX copy.
The eqref-expanded-in-margin is a very cool idea. It could probably make sense for referencable environments like theorems and lemmas.
Do you have any recommendation for the .tex --> .html conversion?
[1] http://johnmacfarlane.net/pandoc/
My first book was sold on Amazon, and podcasted for free on Podiobooks.com. The initial sales were enough to make my car payments for about a half year. Around that time, Amazon made some changes to their ranking, and I dropped in sales by about half. Subsequent books have had the same results (big first few months, but only about a hundred or so per month).
The way you make the most of that is by writing more, and all the normal marketing stuff that you can find online (build an audience). I'm a big fan of Podiobooks.com because, even though it's a bear to do a full audiobook for free, their audience is fairly large and devoted.
As art goes, I was lucky in that I met with a Hugo-award-winning artist (Cheyenne Wright, Girl Genius) who liked my work enough to help me out with covers. I commission each work with him, and he's been a great help to me there.
In case you're interested, here are my books: http://www.amazon.com/Brand-Gamblin/e/B003P4CEFM
I went through Wiley, which is a very traditional, large publisher (my editor is the same as Mitnick's and Schneier's). You seriously limit the royalty rate you're going to get this way, but you're going to extend your reach and marketing ability. So it's a balance, and you need to figure out whether reach or per-book royalties are more important. If you have a small audience and you know you can reach each and every reader yourself (maybe on Twitter or HN or Reddit), then self-publishing may be the way to go.
I chose Wiley, because the audience for my book is broader than most data science books (since it's spreadsheet based), and I wanted to get it in front of your average BI analyst perusing at Barnes and Noble.
The big publisher also did a great job with layout, the book feels great with its matte finish, I had two paid tech editors, a regular editor, a project editor, and a bevy of proofreaders. Big help, that.
But don't be mistaken...the onus is still on you to market the book as well. And it's going to take a lot of marketing to make this a viable career (or even a viable supplement to your income). It's an incredibly taxing way to make a living I'd imagine, and I'm super happy to have a great day job.
Rather, my reason for publishing was that I saw a need for the book, and I knew I could write it. And it took a full year from starting to get it out. So it took a year of hard work, and it'd be a miracle if I cleared twenty grand on it. Not the most lucrative endeavor, but extremely personally satisfying.
To answer some of your other questions, the publisher released in both paper and ebook. Pictures in the book were a real pain in the ass. I spent forever screencapping and re-screencapping spreadsheets. Ugh...
- The sales happen mainly through the website http://minireference.com/, which links to the lulu.com for print and gumroad.com for PDF. I also made consignment deals with 4 bookstores to sell the books.
- I have just a PDF-eBook and distribute in only through gumroad.com. Working on getting the epub right, but it is tough with all those equations. Haven't played with Kobo-zon-nobles distribution yet.
- I have a lot of illustrations and diagrams in the book, but not much pictures. Some readers have told me this gives the book a very "dry" look and people would want more visually intensive.
The revenue for this year is ~17k = (9k print, 8k PDF). Hm... I thought it would be more, better do more marketing ;)
_____
Here are some general advice and observation about the business.
1. Self publish. You are not likely to generate lots of sales initially, so keeping good margins is very important. lulu and gumroad are excellent for that.
2. Put in extra effort on copy-editing. A typo in a blog post is excusable, but a typo in a book is considered outrageous by many. You don't want pissed off readers. Also typos make you lose credibility.
3. It takes time. I had written over 100 math/phys tutorials before starting to work on the book and it still took me 1y+ to get it into a decent shape.
4. Have a website. Have a mailing list. Give lots of chapters for free as promo. Last but not least, try to get a swearword in the title ;)
It is a simple downloadable PDF and includes text and photos. I'm currently only selling via e-junkie.
It's been less than a month since I created, so I'm not yet ready to say if the experiment was successful. I found the process of writing enjoyable, so I might try another one this year.
It's on Amazon[2] as a paperback via createspace[3] print-on-demand and as an ebook via gumroad[4]. Both platforms have been great.
It took 10 months part-time from first words on paper until the finished book was in people's hands. Editing was the most painful part and took 3 months. I did the first draft on paper, and the revising in scrivener[5], which also handles exporting to all the ebook formats.
I made illustrations for it, but left them out since the layout was taking more time than it was worth and I wanted to ship it.
Incidentally, I'm also working on a book landing page generator called heylookabook[6] . I'm building in some of the marketing best-practices that I learned from working on my own, so it's there if it's helpful!
[1] http://momtestbook.com [2] http://www.amazon.com/The-Mom-Test-customers-business/dp/149... [3] http://createspace.com [4] http://gum.co/momtest [5] http://www.literatureandlatte.com/scrivener.php [6] http://heylookabook.com
I went ebook to start and then added a print version which I print up with a local printer in batches of approximately 500 at a time. I've since had the book translated into French and Japanese.
I've generated approximately $60k in revenue this year alone, not including revenue from Amazon or Pragprog, which were both relatively minimal in comparison.
Mixed results. I'm happy with the project. It's probably returned somewhere around 5-10k, but it was a LOT of work. For this particular niche and topic, I've decided the communication channel is actually more valuable than the product.
I'll probably go at it again. I have a couple more in the series. The next one will be much more encompassing and the marketing more integrated.
There are some great HN resources for this kind of thing. I think you need something to say first, though. There are a lot of folks who are looking at the money first, the tactics, the strategy, and then the content. That's backwards. The startup ecosystem wants to pitch you the money you could make, then sell you a package of tactics. Not a good road to go down in my opinion.
http://www.softcover.io/
As part of developing Softcover, I plan to write more about the details of making and publishing the Rails Tutorial (including a more detailed discussion of revenue numbers) starting some time next year. Stay tuned.
I have started work on my next book project, which will be completely free and open sourced. This book will teach JavaScript programming to kids through building a Raspberry Pi powered remote controlled car (or or other vehicle). The content for this book is not yet available online and most of it will be created through a hands on 7-part course that I am teaching during the spring of 2014. You can find a bit more information about this book here: http://www.indiegogo.com/projects/open-source-programming-bo...