4min snip

The Tim Ferriss Show cover image

#645: The Random Show, Mega-Holiday Edition — 2023 Resolutions and New Tools, Extensive Bullshitting, Booze and Ethanol Alternatives, The “Yearly Delete,” A Million Sidebars, Ayahuasca Revisited, Recapping the COCKPUNCH Saga, and Much More

The Tim Ferriss Show

NOTE

Success in Publishing Requires Patience and Strategy

Achieving success in book publishing involves strategic partnerships and resilience against rejection. An author received a $75,000 advance for their first book, paid over 18 months, showcasing the financial arrangement typical in publishing where advances are recouped against future royalties. Royalty earnings range from 10% to 15% of the retail price, translating to approximately $2 to $3 per hardcover sold, significantly affected by agent fees and taxes. The author experienced a gradual rise in sales, underscoring that significant success is often a long-term process, requiring ongoing effort and time to reach a wide audience.

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