Comments on: Bookonomics (or, why writers barely make min. wage)

By: Ways to Make Extra Money Without a Job, Part Two Die Broke Blog

Ways to Make Extra Money Without a Job, Part Two Die Broke Blog — Thu, 11 Feb 2010 04:02:44 +0000

[...] Yes, I'm a writer, but I don't encourage anyone to follow this path. That's not because I'm afraid of competition. It's because I make less than minimum wage, by the time I count up all the time it takes to craft an article or a story, and unless you have great contacts, you likely won't do a lot better. If you have a passion to write and are willing to work hard, then by all means, go for your dream. But don't imagine you'll be pulling in six-figure advances any time soon unless you are the exception to the rule. According to Barry Ritholtz, even a big advance turns into chump change once you subtract expenses a… [...]

By: ToNYC

ToNYC — Mon, 08 Feb 2010 20:07:57 +0000

I think you are tragically confusing making a living with making a pile of cash. That’s why the symbol of drama has two faces. Living is perishable; no amount of Cash will thaw it out worth a rat’s zinger.

By: StatArb

StatArb — Mon, 08 Feb 2010 16:55:39 +0000

Who plays you in the movie …

Jason Alexander ???

By: MorticiaA

MorticiaA — Mon, 08 Feb 2010 15:36:42 +0000

I’m guessing book groupies aren’t quite the same as rock star groupies, though not in an altogether bad way.

By: Barry Ritholtz on ‘bookonomics’ «

Barry Ritholtz on ‘bookonomics’ « — Mon, 08 Feb 2010 15:09:00 +0000

[...] Barry Ritholtz on ‘bookonomics’ By readingarefun You hear the same complaints from musicians and authors–no one makes art for the money. For major label artists, the pay starts out bad and only gets better after a gold record or two. For indie label artists, I’ve heard the money only comes from touring. And apparently even when you write the best book on the bailouts and the bad behavior that preceded them, you don’t make much. Barry breaks it down here. [...]

By: Andy T

Andy T — Sun, 07 Feb 2010 22:20:20 +0000

“Of course, there are other benefits — People who otherwise wouldn’t have thought twice about you (Him? He’s an idiot!) suddenly start to take you seriously. You become “the guy who wrote the book.” Your speaking fees double, your regular business benefits. Other publishers start pitching you book ideas. In general, your personal brand becomes more valuable. My friend (and book agent) Lloyd Jassin says you write a book to “Build your Brand.” And their is much truth to that.”

The same can be said for the Blog. There is a little actual direct benefit, and it’s a “time suck” as you’ve said before, but it’s also a major marketing tool for you…

By: » Weekend Reading for February 6, 2010

» Weekend Reading for February 6, 2010 — Sun, 07 Feb 2010 22:09:14 +0000

[...] “Bookonomics (or, why writers barely make min. wage)” : The Big Picture – You think it’s bad to make a profit as a blogger?? Book writing isn’t that great either, unless of course, you are Steven King. [...]

By: YourPortlandFinancialAdvisor

YourPortlandFinancialAdvisor — Sun, 07 Feb 2010 21:04:14 +0000

I’m quite facinated by your mistake.
I don’t see how you could have counted the $25k except to (subcsonciously?) make your point sharper. I don’t say this to rub salt but your posts are riddled with critiques of restatement and fact benders. I for one would be interested in a post on some egg head who reseerches this. But I do infact believe that sometimes a cigar is just a cigar.

By: Barry Ritholtz

Barry Ritholtz — Sun, 07 Feb 2010 21:02:44 +0000

But that involves ordering the books, packing, shipping, etc.

Too much headache . . .

By: Simon

Simon — Sun, 07 Feb 2010 19:55:03 +0000

Brian Shannon at Alpha Trends has another publication economic model and I’m sure he only had to sell about 100 books to break even. It costs $100, I think, you buy it direct from him.

http://www.technicalanalysisbook.com/

http://www.alphatrends.net/