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Michael Port

๐Ÿ‘ค Speaker
198 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

Yeah, well, most publishing companies are going to give you about $2 to write your first book if you don't have a platform.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

If you have a platform and you've sold a lot of books, then you have a track record.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

Or you have a platform with, say, via a blog with hundreds of thousands of downloads per episode.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

You're going to sell a book for a good six-figure advance or mid-six-figure advance.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

$25,000.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

That was actually, I sold it in 2005 and came out in 2006.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

And that was, you know, that was a typical advance in those days.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

But the industry is...

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

Totally different.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

I mean, it is a completely different beast now.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

So yes, there are good advances for people that have platforms.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

And at the end of the day, look, people get into this, you know, self-publishing versus trade publishing debate all the time.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

I publish through a trade publisher.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

I've got a great, great, I publish at Houghton Mifflin and Harcourt now.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

Fantastic.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

I've got a great editor who actually edits the book, which is very, very rare.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

And they're going to distribute it throughout the world.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

They're going to handle all foreign rights.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

They put it in all the bookstores.

SaaS Interviews with CEOs, Startups, Founders
EP 116: Get $25k First Book Advance and Sell 500,000 Copies with Michael Port

But at the end of the day, the marketing responsibility is still mine.