Sunday, April 26, 2015

Writing a book : Is it worth it?

Morning ... Sunday 10.15 am here.

I am in office, writing ... I mean, blogging. Well, I had a trading workshop yesterday for long 4-5hours. Tired ... I slept very early last night and woke up fresh!! Missed the Liverpool's game tho ... well, it was 0 - 0 ... zzzz ...

So, am I back to blog? Hmm ... I don't know ... but slightly motivated since I went to the Writer's Circle and met Lydia Teh (yes ... a popular author but not my sister leh).

I have most of her books and tho I m too busy to read, I do still grabbed her latest book "still honking". Haha.

Authors ... well, I will slowly look for them, meet them ... perhaps, getting some tips on being an author of a book!! But, let me tell you something about being an author

1. Loyalty is 10%. Assuming that the book is priced at RM40, you will get RM4 for each book sold.

2. Most of local authors do NOT sell more than 500 copies!! MPH will have 1500 copies for first-print. Most will definitely not able to surpass this number, so MPH no need to consider 2nd print.

Assuming that one could sell 1000 copies (you must be VERY good and public likes your book!!)

1000 x RM40 x 10% = RM4k

So ... the author will have RM4k from the sales. That is one of HIGHEST of sales, for you info.

3. Averagely it will takes 6months to write a book!! WOW

RM4k divide 6 months = 2/3 of the RM1k. Serious??

So ... economically, it is NOT worth to be an author!!

S0 ... why do many still writing a book?

One of the main reason stated by Milan Doshi in my facebook " Books don't make money. They give you the credentials to make money from speaking, consulting, etc"

Yes, Milan Doshi's book is one of my first that I read BEFORE I came into stock-market. The year : 2006, after reading R.Kiyosaki's RDPD. Gald today I m connected with him thru facebook and he do read my posts in Facebook to reply me!! That is a great honour for an ah-pek like me. :)

Another author I will be meeting(who is also in my Facebook) is Andrew Chia. I will be glad to meet him  ... asking him for signatures(I bought almost all his books) ... great man.

Blogger are not author.

While books are more structured and organized, the contents are well-thought about, blogs ... could be more random! While books are targeted to their readers' needs ... my blog is aim for my pleasure reading!! While books are marketed to sell (for profits) ... my blog is free(earn some peanuts from google-ad ) and I could have freedom to write my blah-blah stories ...

But ... still need to focus about my adventure in trading!! As the title of the blog suggested, otherwise ... perhaps it is time for me to change the theme ... or directions ... into my blah-blah adventure? Apa cakap u?

Ok ... back to my point. Writing this blog allowing me to SWAY away from my points. Haha ... and yes, can take a pause and listening to songs. Reading books could be boring, so ... my blog is more entertaining leh.

Must have self-control when I m writing blog too. Ok ok ... where am I ?

Being an author ... yes, many write out of PASSION. They love seeing their ideas or stories in print, and fantasied that many people will read their books ... and they could share their stories to thousands of others. Damn ... it is not that easy in reality!!

I was sitting with a lady (age below 30, I guess) who is an author of 6-8 books!!

Me : Hi ... I am Teh. Are you an author?

HS : Yes ... I am. I write books for teenagers

Me : Oh ... I got two young kids. I wonder how much they get paid for writing a book?

She said something shocking to me

HS : No, we don't write for money ... it is passion for writing!!

Me : Oh ... ok ... I am a blogger, actually.

HS : Me too. Here is my name-card

Tucked her name-card in my dairy, I forgotten to exchange mine ... well, mine is and during the talk, I was watching Westport and trading FCPO. She wouldn't appreciate my work?

Normally, people thought author of an investing/trading books means they are the expert in the field, right?

Not necessary, you know.

Will I write a book?

I doubt that ... unless I am allowed to write something like " How I get out of the E-quadrant and becoming a trader-at-home". haha

Time for tuition class ... then, my second session of my trading workshop later (2pm to 6pm).


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