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by MR4D
2253 days ago
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1,000 students per semester times $10 bucks is money I wouldn’t mind having. Professors write tons of pages on various topics as part of their job. We call that “research”. Not sure why contributing to a book effort should be looked at any differently than research papers. Plus, from an economic sense, when you lower the price of a compliment, your demand g or price ) goes up. So it’s actually in a university’s interest to provide books for free (or very low cost). |
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So, let's suppose that you indeed sell 1,000 copies at $150 a piece. Your share is 6% of the net sales, so $8370. From this you need to pay services such as the person making the index, or pay royalty for pictures (yes, many publishing houses deduct this from the author's earnings).
Let's say your book has 700 pages, which is pretty normal volume size, and after you paid for additional services and expenses you are left with $7000. You are a good writer, so planning the book, writing it, creating examples, copy-editing and rewriting it, making reference solutions, etc. and you only spend on average 4h per page. You have made $2.50 / hour before tax. And you probably have a PhD in that topic.