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So if we take what you said your point was and replace that with what you first said we get this statement --
Second, while I'm certain that it's true that most self-published books sell fewer than 150 copies, from an author's perspective, most mainstream books are "failures" in that they never return any additional income.

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Well for this to be true it depends on how much the advance is. Also why is getting an advance not counted as a success? Why is getting an advance a failure? Median advance for fiction was $5000 a couple years ago. If I sell 150 books on Lulu I might make $10 per copy. Why is making $5000 over $1500 not a success?