Even the publishers themselves loose money on most books they publish. Its something crazy like 65% of titles loose money, and 4% of books make 60% of the profi

Even the publishers themselves loose money on most books they publish. Its something crazy like 65% of titles loose money, and 4% of books make 60% of the profits They book industry is much similar to venture capital, where a bunch of bets are made on books that they hope they hit it big, and get the rest of their income from the long tail of previous books they hang onto. https://www.elysian.press/p/no-one-buys-books https://www.elysian.press/p/no-one-buys-books