The James Altucher Show Part 4: How to Write and Publish Your First Book in 30 Days – Self-Publishing, Traditional Deals, and Making Real Money
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May 30, 2025 Discover the truth behind self-publishing versus traditional publishing. Learn how to turn your book into income through speaking gigs and consulting. Explore the importance of effective marketing strategies—like leveraging social media and building an email list. Uncover innovative monetization tactics, including unique payment methods. Plus, get practical tips on post-draft editing and the booming audiobook market. Celebrate your writing journey and strategically grow your audience for lasting success!
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Reality of Traditional Advances
- Traditional publishing offers advances but typically only pays 15% royalties after advance recoupment.
- Advances are often small, decreasing over time, and usually vanish for new authors.
Challenges of Bookstore Placement
- Getting physical bookstore placement is controlled by bookstores, not publishers, and usually requires payment.
- Airport bookstores often charge about $20,000 for book placement, making it costly and difficult.
Bestseller Lists Are Marketing Tools
- Bestseller lists are often marketing tools without transparent criteria.
- Self-published books rarely appear on these lists despite quality and sales potential.
