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Pat "earns out"

BudDickman

BudDickman

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Skim through these tweets in reverse order to see them chronologically, so that you can understand what failure looks like:


A few months after the release of The Ark, he's bragging about the book being halfway to "earning out". Then almost two months later he announces that the audiobook advance earned out. In his blog, he specifically talks about how audiobook rights were not part of the contract where he was given a $4,500 advance:
As far as I can tell, these advances are a little on the low end for a debut author from a major publisher, but that is not a reflection on Angry Robot Books’ generosity. In the case of this deal, my agent and I decided to take smaller advances in exchange for retaining audio rights. This gives us opportunities for more sales in the future and multiple revenue streams, although there are certainly no guarantees.
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So basically, he accepted a smaller advance on the print and digital rights, just so that he could negotiate a pitifully small advance on the audiobook rights, which did "earn out" within a few months of its release. And he's using it to mislead people into thinking that he earned out on his actual $4,500 book contract that he bragged about.

When did he actually earn out on the $4,500 advance he got for The Ark, which was released in November 2015?

October, 2017:


Let that sink in. It took almost two years for his best-selling, most heavily promoted book to generate $4,500 in royalties. This is his high point, by the way.

Pat is a FUCKING LOSER.
 
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guest

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BudDickman said:
Skim through these tweets in reverse order to see them chronologically, so that you can understand what failure looks like:

[URL unfurl="true"]https://twitter.com/search?q=%22earn%20out%22%20OR%20%22earning%20out%22%20OR%20%22earned%20out%22%20from%3Astealthygeek&src=typed_query&f=live[/URL]

A few months after the release of The Ark, he's bragging about the book being halfway to "earning out". Then almost two months later he announces that the audiobook advance earned out. In [URL='https://web.archive.org/web/20150205033112/https://www.patrickstomlinson.com/2015/02/03/after-the-draft-lets-talk-money/']his blog[/URL], he specifically talks about how audiobook rights were not part of the contract where he was given a $4,500 advance:

So basically, he accepted a smaller advance on the print and digital rights, just so that he could negotiate a pitifully small advance on the audiobook rights, which did "earn out" within a few months of its release. And he's using it to mislead people into thinking that he earned out on his actual $4,500 book contract that he bragged about.

When did he actually earn out on the $4,500 advance he got for The Ark, which was released in November 2015?

October, 2017:

[URL unfurl="true"]https://twitter.com/stealthygeek/status/914872132693348352?s=20[/URL]

Let that sink in. It took almost two years for his best-selling, most heavily promoted book to generate $4,500 in royalties. This is his high point, by the way.

Pat is a FUCKING LOSER.
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Wrong child, he earns 6 figures of rupees every year. I’m sorry you’re so stupid
 
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I literally earned more than that working 3 shifts a week in a pub as a 19 year old student. Made about £11k (about $15k - tips included - and tipping isn't really a big thing in British pubs) that year, more than enough for books, beer and a bit of trading lolly.) At the time remember thinking it was shit money. Fat would kill for 15 grand a year now.
 
BudDickman

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It looks like Pat earned out on Trident's Forge also. Here is his tweet from April, 2016 announcing its release:


Right on schedule, here is his tweet almost two years later where he announces that Trident's Forge earned out:


Now I'm suspicious that two years without earning out is some kind of "loser benchmark" in the publishing industry, and he sets a calendar notification for one year and 11 months after the release to lie about the book earning out.

But even if you take this at face value, Pat fucking sucks and doesn't earn shit. If he pipelines his releases and puts outs a book every year, doubling his revenue, that is still and $4500 per year.
 
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In April 2018 he first said he had two books earn out. A week or so later April 21 or so he says 3 books. Then in mid May he says he has two books that earned out.

He’s a fucking moron,this is a man who claims to never lie. He’s insane and I blame the parents(and Nikki).
 
TorquieTwoBeers

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BudDickman said:
When did he actually earn out on the $4,500 advance he got for The Ark, which was released in November 2015?

October, 2017:


Let that sink in. It took almost two years for his best-selling, most heavily promoted book to generate $4,500 in royalties. This is his high point, by the way.

Pat is a FUCKING LOSER.
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This is fantastic work, brotherman. He's always careful to be vague about his book earnings, but here's some real evidence that his books sell for shit.

For fun, note that at $20 a pop, $4,500 is only 225 copies. $10 a pop is still only 450 copies. Granted, the publisher needs to recoup all publishing expenses, so he probably needs to generate a bit more than $4,500 to "earn out", but you can do the math that even if it needed to generate double the advance to "earn out" and start turning a profit, he's still under 1,000 copies over 2+ years. And bear in mind that this is his best selling book.

He's a pauper.
 
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TonyTwoBeers said:
This is fantastic work, brotherman. He's always careful to be vague about his book earnings, but here's some real evidence that his books sell for shit.

For fun, note that at $20 a pop, $4,500 is only 225 copies. $10 a pop is still only 450 copies. Granted, the publisher needs to recoup all publishing expenses, so he probably needs to generate a bit more than $4,500 to "earn out", but you can do the math that even if it needed to generate double the advance to "earn out" and start turning a profit, he's still under 1,000 copies over 2+ years. And bear in mind that this is his best selling book.

He's a pauper.
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All he needs to do is "earn out" on two new trilogies and he'll be able to pay back Quasi!
 
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potatopeeler63

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NoBaconEggCheese_mybb said:
Oh, sweetie. This doesn’t cover the hand sell numbers, which are in the 100s of thousands.
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My ribs snap at the thought of pat autistically pressuring people irl to buy

too lazy to find it but he actually sold a book to the hooligans bartender.
0D58240D-0D2F-44C5-B641-54D40BA165E6.jpeg
 
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