Monthly Archives: November 2010

Makers and Money

One of the first things people ask us when we tell them about Pandamian is: “So how are these writers going to make money?”

It’s an obvious question to ask, of course. One of Pandamian’s core features (which – I’ll admit, we’re currently building, and which is turning out to be a huge pain in the ass) is the ability for writers to sell books through their own ebook store, or – if they so choose – to do some sort of automated uploading to the Kindle/Smashwords/Feedbooks stores.

Our answer is unsatisfactory to most of these people: “We’re not sure that they can make enough money to support themselves. We can’t guarantee that.”

And we can’t. But the discussion does lead to an interesting question: can writers make good money if they choose to go down this path of digital/self publishing? Can writers expect to make money?

Good Dreams

I think the short answer to that question is: yes, it’s not inconceivable that some writer, somewhere, would eventually make enough money selling books on the Internet that he or she would be able to quit his/her day job. And that writer should count himself very lucky indeed. The long answer, however, is that it really depends on the number of people who are attempting to do this.

Most writers I know that publish traditionally don’t make enough from their books to write full-time. They work day jobs instead. And they keep at it because publishing – as a field – is validated by the J. K. Rowlings and the Stephen Kings – authors who are able to command an audience large enough to do nothing but write, full-time.

Making enough to write for a living is the dream, and it is a good dream. It’s why so many people keep trying to get published. And aspiring authors know that it is possible – statistically unlikely, but possible – to live this dream through the mechanism of publishing, because there are all these success stories, the kinds you experience when you watch a Harry Potter movie, or when you buy a Twilight book. And while they don’t say this explicitly, they believe alternatives like digital publishing aren’t viable mechanisms for success because there is no proof of success.

But that doesn’t make sense, does it? Because there are so many writers jostling for publication, it becomes increasingly unlikely that none of them would ever become successful. And so when people look at self-publishing and say that it’s rubbish, what they don’t understand is that it doesn’t seem like a viable alternative – because there are comparatively few people doing it.

My contention is that the more writers move to digital publishing (that is – they publish and sell on the Internet before approaching a traditional publisher) the odds that some of them succeed increases proportionately.

  •    Procrastination – You Are Not So Smart is a comprehensive essay on what we know today about the pitfalls (and urges!) of procrastination. Conclusion: we’d be better off learning to trick ourselves into working than to fight procrastination head-on. #
  •    Inside the Google Books Algorithm. Alexis Madrigal reports:
    But what about when the company has to reach outside the web? The printed volumes represented on Google Books form a completely different kind of problem. Google’s famous algorithm can’t be deployed to search through books because they don’t link to each other in the way that webpages do. There is no perfect BookRank corollary for PageRank.
    They’ve come up with something called Rich Results, which integrates more than 100 ‘signals’ – individual data categories about various book records – into your search rankings. #
  •    There are some interesting social effects at play at the Kindle’s Most Highlighted Passages of All Time. I particularly like the bit from Eat Pray Love:
    People think a soul mate is your perfect fit, and that’s what everyone wants. But a true soul mate is a mirror, the person who shows you everything that’s holding you back, the person who brings you to your own attention so you can change your life. A true soul mate is probably the most important person you’ll ever meet, because they tear down your walls and smack you awake.
    Lovely. Surprising that the second most highlighted passage comes from Abraham Verghese’s Cutting for Stone, though. #
  •    Everything You Need to Know About Writing Successfully: in Ten Minutes (or: how Stephen King learned to write, by Stephen King). #