Traditional publishing is very good about unifying it and creating one event out of all three products. When you go to the Amazon page on a Tuesday, your book publishes with Simon and Schuster, you will see all three versions there. It's like weirdly important, not that hard to get right if you're doing it on your own, but something to pay attention to. If we don't do a good job, then our Imperator is worthless. But if you do have a very worthwhile curated platform that really delivers...then you're getting into kind of home run territory as far as I'm concerned.
Friend-of-the-show (and new O’Shaughnessy Ventures team member) Liberty RPF joins Jim and fellow friend-of-the-show Jimmy Soni to discuss the current state of the publishing industry and the new opportunities emerging for current and aspiring authors. Important Links:
Show Notes:
- How has the publishing industry changed?
- Reinventing the audiobook
- The living book
- Towards new book pricing models
- Why the traditional publishing industry is becoming unsustainable
- The tragedy of unwritten books
- A rejection from a traditional publisher is meaningless
- What do traditional publishers do well?
- The importance being invested in the success of a product
- Leveraging AI & other tools in the writing process
- Why the publishing industry is successful
- Increasing the power of individual creators
- Change, prestige & disruption
- Playing the right kind of status games
- Aligning quality with meritocracy
- MUCH more!
Books Mentioned:
- The Founders; by Jimmy Soni
- A Mind at Play; by Jimmy Soni & Rob Goodman
- Rome's Last Citizen: The Life and Legacy of Cato, Mortal Enemy of Caesar; by Jimmy Soni & Rob Goodman
- What Works on Wall Street; by Jim O'Shaughnessy
- Invest Like The Best; by Jim O'Shaughnessy
- Can't Hurt Me: Master Your Mind and Defy the Odds; by David Goggins
- The Psychology of Money; by Morgan Housel
- The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich; by Tim Feriss
- Harry Potter; by J. K. Rowling
- Reality Hunger; by David Shields
- $100M Offers: How To Make Offers So Good People Feel Stupid Saying No; by Alex Hormozi
- The Status Game: On Social Position and How We Use It; by Will Storr