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These are two completely different statistics: 1) last year, new releases sold poorly, perhaps unexpectedly (NYT article's claim); 2) last year, a relatively sm
by asgraham 5y ago
These are two completely different statistics: 1) last year, new releases sold poorly, perhaps unexpectedly (NYT article's claim); 2) last year, a relatively small portion of all currently released titles sold a lot of books, and most titles sold few books (linked article's data).
Pulling from the central table, last year: one title sold over 1 million copies; ten titles sold a collective 5-10 million copies; 267 titles sold a collective 26-133 million copies; 7,294 titles sold a collective 70-700 million copies; and 2.6 million titles sold between 0 and 2.6 BILLION copies. My guess is that last number is way closer to zero than 2.6 billion, so I'll exclude it when I say: the table the author cites shows that last year sold 100-840 million copies. Digital copies! Nearly double that when you include print books. So there's no support for the author's claim, "Books as a medium just don’t have an audience—or rather, they have a very niche audience."
Was last year bad for new release sales? Seemingly, according to NYT. Was last year relatively bad for all book sales? Maybe, I don't know. Does the data support the implication that 0.0001% of new authors will make a living? No. It says that 0.0001% of all currently selling books will single-handedly earn a living for their author in that year.
My wild guess is that authors make most of their money from new releases, so we'd really need to see the data underlying the NYT article on new releases, not this article on all online book sales.
- ellegriffin 5y agoHmmmm, I think you're looking at that table wrong. Ten titles sold between 500,000 and one million copies (not 5-10 million copies). And 267 titles sold between 100,000 and 500,000 copies, (not in the millions). That top line is the highest one.
- asgraham 5y agoIsn't it saying that ten titles each sold between 500,000 and one million copies? So collectively they sold 5-10 million copies? (I really enjoyed the article, by the way, once it was past claims about this data-- the points about fanfic and story monetization are important ones)
- ellegriffin 5y agoOh, yes you are correct there. In online sales only (I don't have the brick & mortar numbers). So to your point, people are buying books, it's just that they are all buying the same top selling books. And thank you!!!!! I'm still trying to figure out the industry enough to succeed in it, but it's a hard industry to succeed in as it turns out!
- bombcar 5y agoI feel if you're including digital copies you need something to correct - I've received a number of kindle e-books for free that I've never even downloaded. There's no harm in adding to a collection when it's digital, whereas I am much more picky over free physical books.
- asgraham 5y agoFair point-- I don't know how the data defined a "sale." However, the numbers are almost identical for print books, just a little lower. But same order of magnitude.