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well his revenue isn't over...most of that is fixed cost...his variable cost is very little. So a year from now, that same book will still bring in similar rev
by vaksel 14y ago
well his revenue isn't over...most of that is fixed cost...his variable cost is very little.
So a year from now, that same book will still bring in similar revenues(he just has to keep up with the promos).
Meanwhile he can write 4 more books in that same period, and quadruple his income. The next year he can write 5 more, and a year after that he can write another 4.
And altogether they'll make the same income...especially if he builds a reputation for writing good guides, and will begin marketing to his existing customers("hey, if you liked my book on Unix...you'll love my book on Linux")
And so many books are written, because people are hoping to strike it rich. To be the next Harry Potter writer. Same with startups...the stats show that 90% of them fail...but people are still doing it hoping to make billions.
- grogs 14y agoIndeed. Writing a book creates a passive income stream. Much like a blog with ads. It's arguable it's not completely passive, you can/should do promo - but equally you may want to do SEO on a blog. The Hunger Games trilogy will be getting a lot of sales now, since the movie has been released and it did well on Amazon. The first book is 4 years old though, plenty of books pay off after the initial release.