Leveraging Thought Leadership
Peter Winick and Bill Sherman
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The Real Profit Behind Business Books: Key Findings from 350+ Authors | Peter Winick + Bill Sherman | 600
What’s the ROI of a business book? Peter Winick and Bill Sherman dive into this game-changing question in the latest episode of Leveraging Thought Leadership. Partnering with industry giants like Gotham Ghostwriters, Amplify Publishing Group, and Smith Publicity, they’ve launched the most comprehensive study on the ROI of business books to date. Over 350 authors participated, and the results are eye-opening. The data shows 64% of business books turn a profit, with a median of $11,350 for books that have been out for at least six months. But here’s where it gets interesting—authors with a clear strategy saw a median profit of $96,000. The key takeaway? Profit is more about strategy than sales alone. Books with a robust launch plan, PR efforts, or even ghostwriting support outperform those without. For every dollar spent, the average book generates $1.24 in revenue—not just from book sales but from lucrative add-ons like speaking engagements, consulting, and workshops. Another intriguing finding? Authors with weak strategies ended up spending more than those with a focused approach. And when it comes to satisfaction with publishers, hybrid models shine. 70% of authors using traditional or hybrid publishing were satisfied, but hybrid authors were twice as likely to be enthusiastic about their experience. Catch the full episode and dive into the data at www.authorroi.com. Three Key Takeaways: • Strategic planning drives profits: Authors with a clear strategy around their book—like PR, launch plans, and ghostwriting—saw a median profit of $96,000, significantly higher than those without a plan. • Revenue extends beyond book sales: For every $1 spent on a business book, authors generated $1.24 in revenue, with most of the profit coming from related services like speaking, consulting, and workshops, not just book sales. • Hybrid publishing leads to higher satisfaction: Hybrid authors were twice as likely to express strong satisfaction with their publishing experience compared to traditional or self-published authors.
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