I shuddered when I got the email from the Motley Fool… but when the Kindle sales started rolling in!—

In May 2014, I quit my secure, full-time IT office job and I started spending my mornings writing stock analysis articles for the Motley Fool.

It was great. I was working from home. I was working for myself and doing work I didn’t dislike. I could organize my own schedule, my rates were quickly increasing, and the future was looking bright.

Then in July 2014, just a couple months after my new barefoot writer lifestyle had begun, I got the following email from the managing editor at the Motley Fool:

it is disheartening for us to say that effective today, we will not be able to continue our writing relationship and further this mission together.

This is no fault of your own; it is the simple result of our business model and the corresponding structure we’ve built. It has been our pleasure to work with you, and we hope you consider yourself a Fool for life. We certainly do.

“Well, shit,” I said to myself. “Fool for life, indeed.”

I wrote to the MF editor I had been in touch with. I asked if there was any chance I might be kept on — while hundreds of other writers were being let go. I never heard back.

I wrote to my friend, who was also writing for the MF and who got me this gig. “It sucks,” he said. “I don’t know what’s going to happen, but it’s not looking good.”

So there I was. I had no job, and I needed money. I had rent to pay, food to buy, plus I had a cat at the time, and maintaining those things in life is not exactly free.

What to do?

Getting an office job again was inconceivable. For one thing, I wasn’t sure anyone would hire me — certainly not the people at my old job. For another, it was just a matter of pride, plus the fact I had always been a bad match for office work.

I looked at my arm, and briefly considered sawing it off. But I soon realized that’s another story, although with the same structure. In any case, losing the arm wouldn’t help.

So I took a deep breath. I gritted my teeth. And I did what I always do:

I made a list of ideas. In this case the list was titled, “10 ways I could make money by the end of this month.”

#6 on that list, between #5 (stealing) and #7 (begging) was “Write and publish some Kindle books.” And that was my start as a Kindle publishing magnate.

I’ve written about this history before. But the gist of it is:

That first month, I wrote three short Kindle ebooks, on three related niche topics. The total word count was around 15,000, and 10,000 of that was reused among the three ebooks.

I sold $285 worth of books in that first month.

The next month, I wrote 3 new tiny books. And then some more. Within a few months, I had a stable of a dozen titles, and I was making a steady income that was getting close to what i was making at my IT job just a few months earlier.

Ta-da! Who needs the Motley Fool? Who needs a stupid office job?

​​I had a found a way to survive and even thrive, working for myself, on my own terms, with “up” as the only direction to go.

​​The end. Well, almost.

Yesterday, I told you about the riches-to-rags story type, which can be represented by \. The day before that, I told you about rags-to-riches, represented by /.

Combine those two, and you get \/ aka the “man in a hole” story type.

“Man in a hole” is a common format for complete stories — like that of Aron Ralston, who sawed off his own arm to survive after being pinned down by a boulder.

“Man in a hole” is an even more common plot element of bigger stories — think James Bond losing $14.5 million in a poker game in Montenegro, because he’s been suckered by the fake tell of the main villain.

Which brings up the following storywriting rule:

It matters where you cut you your story off.

For example, after those first few glorious months, my Kindle sales cratered. It turns out I wasn’t going to make a living selling $2.99 ebooks. So I got into writing sales copy for other business… then a few years later, I got back into Kindle publishing but with a different approach… then I met this guy who told me about crypto and we went to London for a conference…

You know what that’s called? That’s called rambling. It’s definitely not called storytelling.

Human brains want neatly tied-up episodes, and they want the satisfaction of having story elements fit and click.

One powerful mechanism you have to make things fit and click is the stop button. So think of the effect you want to have, and use that to decide where to cut your story off. Speaking of which—

Sign up to my email newsletter. That’s been the point of this entire email. To show you I have something interesting to say about writing and persuasion more broadly, and that I can even be entertaining about it. Are you convinced? If you are, here’s where to go.

My little-known history as an Amazon ebook hack

A-list copywriter Bob Bly just sent out an email about the National Emergency Library. I’d heard of this initiative but I didn’t bother to look it up until now.

Turns out, the Internet Archive is scanning books and making them freely available online during the corona situation. That’s the National Emergency Library. To which Mary Rasenberger, director of the Authors Guild, said (and I quote from Bob’s email):

“[It is] no different than any other piracy sites. If you can get anything that you want that’s on Internet Archives for free, why are you going to buy an ebook.”

I don’t know about you, but to me this sounds like the old argument about sex and marriage. Why buy the cow, when there’s an app that hooks you up with free milk, even at 3am.

And yet… plenty of people are still getting married these days. How come? Riddle me that, Mary.

But seriously, here’s a little-known fact about me:

For about a year of my life, I eked a meager living by writing ebooks and selling them through Amazon Kindle publishing. (Don’t search for the books because they were all published under pseudonyms.)

I actually sold thousands of copies of these books — but it didn’t mean much. Kindle ebooks sell for a couple of bucks each.

Thing is, had I known as much about marketing back then as I do now, I wouldn’t have failed or given up on my Kindle publishing dreams.

That’s because selling books on Amazon (or really, on any outside platform) is not a good way to make money. It is, however, a fantastic way to get highly qualified leads who have tried a glass of your milk, and who want more.

That means you can get these folks over to your site and sell them more milk — maybe at a higher price than what Amazon encourages you to charge.

Why stop there though?

If somebody likes you and knows you and trusts you, why limit your offer to a carton or two of milk?

Instead, take your new-found customer by the hand to the back of your property… open the barn door… and introduce her to your gorgeous cow. It might be just the bovine your customer has been looking for all her life.

In other words, if the National Emergency Library, the National Milk Authority, or any other pirate institution starts giving away samples of your money-maker for free, it might not be the end of the world. It might even be the start of something great. As multi-millionaire marketer Joe Sugarman once said:

“Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem & turned it into an opportunity.”