If the top bestselling poker book sold 100k copies total, that might be 10k copies/yr, meaning the book’s profits are under $100k/yr and the author’s cut is less.
These sorts of books sell for around $50. $100k/yr profit at 10k copies/yr would imply they only make $10/book. I would have thought profit margins would be better. But that’s a really good point about publisher/marketing costs.
Anyway, your overall point that the top poker book isn’t making millions for the author is well taken. It seems like a pretty strong signal that I shouldn’t really be expecting to make millions either. I wish I had thought about this earlier, thanks.
If the top bestselling poker book sold 100k copies total, that might be 10k copies/yr, meaning the book’s profits are under $100k/yr and the author’s cut is less.
These sorts of books sell for around $50. $100k/yr profit at 10k copies/yr would imply they only make $10/book. I would have thought profit margins would be better. But that’s a really good point about publisher/marketing costs.
Anyway, your overall point that the top poker book isn’t making millions for the author is well taken. It seems like a pretty strong signal that I shouldn’t really be expecting to make millions either. I wish I had thought about this earlier, thanks.