3 ms·

1. Over 25% of households in the country live on less than 26k/year. You have obviously succumbed to some sort of upper-class myopia. Not everyone is rich. 26k

by ruswick 14y ago

1. Over 25% of households in the country live on less than 26k/year. You have obviously succumbed to some sort of upper-class myopia. Not everyone is rich. 26k is quite a bit of money. (http://en.wikipedia.org/wiki/Household_income_in_the_United_States#Household_income http://en.wikipedia.org/wiki/Household_income_in_the_United_...) Even if that weren't true, it's still an inordinately large amount of money to earn in a single day. When is the last time you made 26k in a day? 2. The amount of time spent making the product has nothing to do with the amount of time in which the sales were made. What you're saying is just incoherent. Within a 24 hour period, he earned 26k. The assertion that the time put into making the product also qualifies as time over which he earned money just isn't logical. He made a lot of money in a short time based on notoriety and marketing. What is so hard to accept about that?

mhuffman 14y ago
On your second point, that is like saying that the 3 years and 80 million dollars spent developing a game should be ignored because it made 90 million in the first 24 hours.
- rexreed 14y ago
  If I may take artistic license to reinterpret the comment, what I get from the comment is that given the very short term nature of the sales, no one really had time to read the content and then publicize their opinions to yield this sales curve. Basically, there is no word-of-mouth or social proof effect evident in this sales curve. Indeed, we see the opposite - more people bought the book before others subsequently purchased it. Sales were due to pent up demand versus waiting for others to verify quality or value. Basically, the moment it was offered for sale, the product was purchased practically sight unseen (altho the article mentions that he in effect pre-released portions of the text to his newsletter subscribers). Given this, the book could have been low quality and it wouldn't have impacted this sales curve. In which case, the OP could have spent 5 minutes, 5 hours, 5 days, or 5 months writing the book and the sales curve would look similar. What I gleaned from this article was not that it took substantial effort to write a book to evoke this sort of sales curve, but rather there was a process of building expectation and an audience which would result in substantial sales for a book, regardless of its level of quality. The level of quality became assumed and did not require prior evidence. Thus, labor / effort in writing was not proportional to sales.
- ruswick 14y ago
  Yes, it should be ignored. That's my point. I'm saying that investment and shouldn't be taken into account when gauging first-day success, because that quality and time-investment don't factor into first-day success. No one knows how long it took him to produce the book, so no one buys on quality initially. My whole point is that his success was based on marketing, not quality.
  - deleted 14y ago
    [deleted]
  - derefr 14y ago
    I think the parent was completely ignoring your line of argument and making an orthogonal point, that the headline "$26,679 in 24 hours" upon which this article is sold is a lie insofar as it's useless to think of that as being a duplicable event: you couldn't write and publish a book every 24 hours, so the income should actually be amortized over the time it took the book to be produced. (Assuming six months, the ROI-so-far has been $4k/mo--not bad, but pretty equivalent to having worked as a programmer for that period.)
  - nathanbarry 14y ago
    I started the book September 6th and released it December 12th. So it took 3 months from start to finish. Sales are now over $40,000 for the last couple weeks, so if we average it out that is at least $13,000 a month for the time created. Plus sales will continue for months to come.
    - ruswick 14y ago
      Even if one extrapolates earning out over the time-to-produce, it's still quite a sum of money. The actual time vs. value comparison is irrelevant, though. Regardless of the time and effort it took to make, the 26k figure is pretty remarkable. We would not be having this discussion if he had made 1k-2k each day over the course of the past few weeks. Moreover, the true quality of and time invested in the book doesn't change the fact that those who bought in the first day likely did so out of ignorance and without knowledge of the quality. Given the amount of work put in, is it a truly huge payday for Nathan? Not really. Is it still a massive one-day sale figure? Yes.
sgdesign 14y ago
Without knowing how many hours Nathan spent on the book, it's hard to say if 26k is a lot of money or not. I think it's pretty good, but it's not like Nathan is earning 26k a day every day, it's basically just once or twice a year. And if you spent several months building up a following, writing a blog, getting people to sign up to a mailing list, not to mention releasing another eBook first, you too could "make a lot of money in a short time based on notoriety and marketing"…
deleted 14y ago
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csomar 14y ago
1. You missed point 1. It's not about making 26K/day, but it's about 26K not being a huge amount of money. Tell you what, I live in Tunisia, and still $26K is not huge or even big by any measures 2. Within a 24 hour period, he earned 26k. Not true, if he were to do it again, he'll need to write another book; and that can't be done in 24 hours. But again, tell you what, I'll accept that argument. He made a lot of money in a short time based on notoriety and marketing. He has a brand. No one is born with a brand. You make the brand. The brand is a capital, just like a car or something of value you have. You can't make a brand in 24 hours, far from it.

by ruswick 14y ago

mhuffman 14y ago

On your second point, that is like saying that the 3 years and 80 million dollars spent developing a game should be ignored because it made 90 million in the first 24 hours.

rexreed 14y ago
If I may take artistic license to reinterpret the comment, what I get from the comment is that given the very short term nature of the sales, no one really had time to read the content and then publicize their opinions to yield this sales curve. Basically, there is no word-of-mouth or social proof effect evident in this sales curve. Indeed, we see the opposite - more people bought the book before others subsequently purchased it. Sales were due to pent up demand versus waiting for others to verify quality or value. Basically, the moment it was offered for sale, the product was purchased practically sight unseen (altho the article mentions that he in effect pre-released portions of the text to his newsletter subscribers). Given this, the book could have been low quality and it wouldn't have impacted this sales curve. In which case, the OP could have spent 5 minutes, 5 hours, 5 days, or 5 months writing the book and the sales curve would look similar. What I gleaned from this article was not that it took substantial effort to write a book to evoke this sort of sales curve, but rather there was a process of building expectation and an audience which would result in substantial sales for a book, regardless of its level of quality. The level of quality became assumed and did not require prior evidence. Thus, labor / effort in writing was not proportional to sales.
ruswick 14y ago
Yes, it should be ignored. That's my point. I'm saying that investment and shouldn't be taken into account when gauging first-day success, because that quality and time-investment don't factor into first-day success. No one knows how long it took him to produce the book, so no one buys on quality initially. My whole point is that his success was based on marketing, not quality.
- deleted 14y ago
  [deleted]
- derefr 14y ago
  I think the parent was completely ignoring your line of argument and making an orthogonal point, that the headline "$26,679 in 24 hours" upon which this article is sold is a lie insofar as it's useless to think of that as being a duplicable event: you couldn't write and publish a book every 24 hours, so the income should actually be amortized over the time it took the book to be produced. (Assuming six months, the ROI-so-far has been $4k/mo--not bad, but pretty equivalent to having worked as a programmer for that period.)
- nathanbarry 14y ago
  I started the book September 6th and released it December 12th. So it took 3 months from start to finish. Sales are now over $40,000 for the last couple weeks, so if we average it out that is at least $13,000 a month for the time created. Plus sales will continue for months to come.
  - ruswick 14y ago
    Even if one extrapolates earning out over the time-to-produce, it's still quite a sum of money. The actual time vs. value comparison is irrelevant, though. Regardless of the time and effort it took to make, the 26k figure is pretty remarkable. We would not be having this discussion if he had made 1k-2k each day over the course of the past few weeks. Moreover, the true quality of and time invested in the book doesn't change the fact that those who bought in the first day likely did so out of ignorance and without knowledge of the quality. Given the amount of work put in, is it a truly huge payday for Nathan? Not really. Is it still a massive one-day sale figure? Yes.

sgdesign 14y ago

Without knowing how many hours Nathan spent on the book, it's hard to say if 26k is a lot of money or not. I think it's pretty good, but it's not like Nathan is earning 26k a day every day, it's basically just once or twice a year. And if you spent several months building up a following, writing a blog, getting people to sign up to a mailing list, not to mention releasing another eBook first, you too could "make a lot of money in a short time based on notoriety and marketing"…

deleted 14y ago

[deleted]

csomar 14y ago

1. You missed point 1. It's not about making 26K/day, but it's about 26K not being a huge amount of money. Tell you what, I live in Tunisia, and still $26K is not huge or even big by any measures 2. Within a 24 hour period, he earned 26k. Not true, if he were to do it again, he'll need to write another book; and that can't be done in 24 hours. But again, tell you what, I'll accept that argument. He made a lot of money in a short time based on notoriety and marketing. He has a brand. No one is born with a brand. You make the brand. The brand is a capital, just like a car or something of value you have. You can't make a brand in 24 hours, far from it.