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The biggest surprises in the recently released Comprehensive Study of Business Book ROI study? (https://authorroi.com/) Josh Bernoff, author of Build a Better Business Book, who helped survey nonfiction authors and wrote the report, offers five: 💰64% of books were profitable. “I would have expected that to be higher, but some people aren’t putting in the effort to promote their books enough to generate revenue,” he says. 📔Hybrid-published authors have similar levels of success as traditionally published authors. “Hybrid is clearly a viable method of publishing for serious authors,” Josh notes. 📢A high correlation exists between investments like ghostwriters and PR for launches and profitability. 📚Most authors expect to sell a lot more books than they do. Traditionally published book authors had a median expected sales of 8,900 copies vs. actual sales of 4,600 copies. 💵Book advances from traditional publishers have dropped off a cliff. The median advance among more than 100 traditionally published authors was only $5,500, and 31% got no advance. Ann Gynn's biggest takeaway from the well-analyzed research? Only 4% of the authors say book sales were their primary goal for publishing. The most popular reasons for publishing a book include: -->Get more paid engagements (19%) -->Elevate a topic that needs attention (18%) -->Generate leads (15%) -->Share knowledge (15%) Read more of Ann's takeaways on the research here: https://lnkd.in/gVDfSqhQ

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