Wednesday, March 23, 2011

Who we reward

Why do we reward people like Silvio Berlusconi or Charlie Sheen with our attention. They are bad at what they are supposed to do. They are addicts. You don't have to be moral about it, they are simply ugly.

Why don't we celebrate (more) people who create something beautiful, practical or useful to society?

Tuesday, March 22, 2011

Maths of self-publishing

Joe Konrath has decided to self-publish rather than accept a 500k advance. He explains that he would get 70% rather than 14.9%. He also explains that pricing books cheaper, will get him higher e-sales. In the table below I have calculated that with these figures he only needs to sell 43% of what the publisher expects to sell to make the same money.

Price Royalty % Sales Royalty
w/ publisher $9.99 14.9% 335,906 $500,000.00
self pub $4.99 70.0% 143,143 $500,000.00
% 50% 470% 43%