I cohosted an author dinner in NYC last week.
Here's what we discussed and who joined:
1) There are riches in the niches
Seth loves basketball and data, and wanted to write a book that combined those topics. But his publisher said it didn't have mass appeal. He thought it would be a fun project, so he decided to write it anyway and self-published it. The book didn't sell a ton of copies, but somehow a billionaire owner of an NBA team read it, loved it, and hired Seth for a lucrative consulting gig. Follow your passion, you never know where it might lead.
2) The audiobook market is HOT
There's a big battle going on between Audible and Spotify right now. Both are investing heavily in audiobooks and hungry for more content. Which means they're willing to pay a lot for audio rights. Instead of just giving the rights to your publisher, keep them and shop them around.
3) The next frontier of intellectual property
Authors are always talking about US and international book rights, ebook and audiobook rights, but what about AI book rights? That is the next frontier of IP for authors. Make sure in your contract that you retain your AI book rights and not your publisher. These trillion-dollar AI companies will likely start paying a lot of money for authors and their books (if you decide to sell to them).
Here are the authors who joined:
- Jonathan Goodman ("Unhinged Habits")
- Amy Landino ("Good Morning Good Life")
- Seth Stephens-Davidowitz ("Everyone Lies")
- Nicole Op Den Bosch (publishing & audiobook advisor)