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I am a New York Times best-seller and I would be happy to answer questions about how I went from blog --> book --> products, especially about the challenges of getting people to pay online.
Let me know if you guys have questions about monetizing content, book sales, or the psychology of getting people online to pay. There is so much interesting stuff I've learned over the last few years.
I bought your book months ago...great content. It was easier to have you translate the content to family than for me to do it - I'm not a published author, so I am much less believable. :)
I would love to email you some questions about my book project and where to take it from where it is. I am blwatson at gmail
Great idea on leaving the content for others to share.
I had put together an outline a year ago for a book. The working title is The Failing Point. I started writing, and built up a good head of steam. I knew that getting a publishing deal as an unknown was almost impossible. Since the content is in essay form, I started posting them online in blog format at the url www.TheFailingPoint.com.
I got into a 2x per week posting rhythm, and the strategy was to do this for the first 2 chapters, over the course of 2 months, and then stop. I had planned on taking the "success" of building traffic to a publisher. I didn't want to keep posting all of the content that would eventually be in the book at the risk of putting off any potential authors.
In the second of 2 months, I generated 20K uniques without spending any money. Links were posted here and Digg. I also tried to incorporate TweetMeme (great) and Yahoo Buzz (useless).
Well, the few publishers I was able to get the proposal to have either passed or taken their time in getting back to me (which is the same as a pass). So now what to do?
Based on the feedback I saw in the comments here at Hacker News, and emails I got, people appreciated the content. My "why" for doing this is not to say that I am a published author. I'd love to make some extra money, sure, but mostly because I feel like I have a unique set of experiences and am a decent enough story teller that the content is useful to those who would come after me. It's the content I would have liked to have seen before I embarked on my startups.
This project is well outside of my comfort zone, and perhaps I relied too much on a "if you post it, they will come" strategy. Now that the first two chapters are out there, and I have no traction with the few publishers I have approached, what would you suggest?
(Uh oh...I just realized the threading on these back-and-forth conversations may become a little crazy.)
Anyway, here's the deal.
You have clearly thought a LOT about this and have all the elements in place. I'll just suggest a few different ways of thinking about what you wrote above.
1. Publishers don't care about your posting rhythm or how many Twitter clickthrough rates. In fact, many don't even care about your book topic.
They care about your platform and how well other books in this vein have done.
I noticed that you yourself indicated that there are few books on failure, while many books on success. Why do you think that is? What would make your book different?
2. A series of musings is usually a very bad book. Who is the market? Do you already have a presence there? For example, publishers started approaching me once they noticed that iwillteachyoutoberich.com was popping up in the personal-finance space.
3. On a tactical note, typically authors find an agent, who then finds the publishers. If you really want to publish a book, go find agents who have written books similar to yours and send them a pitch letter.
4. Also on a tactical note, driving 20k uniques in 2 months is very good. However, from looking at your site, you haven't captured those people. In other words, they came once and left, never to return. Think carefully about how to capture these people so you can continue sending them material that they want, love, and expect.
I can get into outbound marketing if people care, but suffice it to say that many, many startups overvalue social media and ignore channels that actually convert. Hint: Twitter. (Test it and see for yourself.)
4. MOST IMPORTANT. What is your goal? You indicated you don't care about the ego boost of being an author. So carefully consider whether a book is really what you want to do. There are many, many other channels (ebook, blog, etc) that don't require the back-breaking work of writing a book. Mine took 2 years to complete. A book is specifically useful for building your brand and spreading your ideas. But in most cases, there are other channels that work better.
(Incidentally, we should come up with a name for areas where people who work tell others NOT to do it. Examples: Authors, musicians, lawyers...)
Hope that helps. Let me know if you have other questions.
Thanks Ramit. Did you self / indie-publish or convince a publisher? Assuming the former, what support did you need in the way of editing, layout, printing etc?
I've tested many prices for my content products at iwillteachyoutoberich.com/scroogestrategy.com/earn1k.com.
Andrew, based on my experience and data from the content/marketing industry, I'd encourage you to charge more -- at a MINIMUM $47/month, probably $97/month or even $297/month.
If you want to chat about why I suggest this, and some of my internal metrics, please email me.
Sounds like a good interview brewing. I agree though I don't have the numbers to back up my position yet. Would love to hear the lessons learned from your experience.
The issue I see here though is that people will pay a lot of money if they think that they can get really high value out of your videos, such as you claiming to have a short cut to millions.
Andrews videos are useful but they aren't your short cut to millions, start ups are still going to be a lot of work and a big gamble no matter how much wisdom you have gained from people on the subject.
If that works, he'll make more profit at the expense of the community.
I'm sure there are plenty of upstarts who find these videos extremenly valuable, but aren't willing or able to pay hundreds of dollars. I don't think it's in Andrew's goals to do that.
Yeah you do. I ran a test on a friend's site, convinced that a short version would outperform the long-copy version. Conversions dropped by about 30%, which would have cost him tens of thousands of dollars per year.
"Banner-free browsing on Ars Technica means no distractions, just content. Better yet, the ad-free pages are optimized so there are no "holes" where ads used to be. It's a tighter experience."