Showing posts with label Inkitt. Show all posts
Showing posts with label Inkitt. Show all posts

Aug 21, 2018

Inkitt (3) --- Bestsellers, Amazon sales rank, and much more


James Beamon has already reacted to our letter of yesterday about Inkitt, and here's his answer:

Your theory and discussion on Inkitt's underlying drivers with their touting of AI is definitely worth merit, to the point that I may write a follow-up post covering your analysis.  Oh, and to fill in some of the gaps of where their "bestsellers" lie, I present to you the Kindle Sales Rank Calculator:

https://kindlepreneur.com/amazon-kdp-sales-rank-calculator/

As long as you don't put in commas, this thing will convert the current sales rank to how many books they're selling per day.  Virtually EVERY book I put into from Inkitt's best seller rank was selling less than 1 per day.  To put it into working context, anything higher than a Amazon rank of 100,000 will be less than 1 book.  One book, Eric Olafsson: Midshipman, is at 407,416.  Egan Brass, the guy I interviewed for "The Bright Side of Inkitt", has a series called the Esper Files and the first one is at 321,238, the second is at 650,597, and the third is at 891,640.  At that rate I imagine Egan hasn't sold a single copy of Book 3 in months.

James Beamon

Now I haven't looked at every book in their lineup, but the one book I did see that was doing worthwhile numbers was Chosen by Lauren Chow.  Her rank is 55,707 which translates to her moving about 5 books per day.

Aug 20, 2018

Inkitt (2) --- Inkitt and AI---are Inkitt's sales so bad that they have to keep their numbers under wraps?


Inkitt has defined itself as a publisher "without an acquisition department." It invites willing authors to put their manuscripts on its platform and promises to publish the best-performing ones as fee-yielding books. Performance, it claims, is measured by an AI-inspired algorithm. 


James Beamon

In January this year, James Beamon, one of these authors, engaged in a dialogue with the platform about said algorithm which yielded little but obfuscation and gobbledygook Inkitt-wise. I thought about this and sent him the following letter (mildly redacted): 

I have posted two or three stories about Inkitt and had a chance to observe the phenomena that you describe in your post (regarding the relationship between reading behavior and their analytical engine).
Before I started to write fiction, I taught Artificial Intelligence at the University of Amsterdam, the discipline whose name Inkitt invokes as its unique sales proposition (“our algorithm is AI”).

My hunch is that this algorithm is mostly ballyhoo.

Why?

The algorithm supposedly links reading behavior to sales success, so it either (a) knows, or (b) has learned how reading behavior predicts book sales.

(Ad a) Imagine that you are the programmer, or the team of programmers hired to code the algorithm. You will have some hunches as to how the reading behavior re successful novels differs from reading behavior re less successful novels (and, perhaps not coincidentally, these hunches surface in the answers we get from Inkitt (“readers unable to put the novel down”)). There's some obvious plausibility to this, but initial hunches are not Artificial Intelligence. They represent the natural intelligence of a bunch of kids (mostly/usually), who spend their nights with a cold pizza on their lap hired to write the code. In other words, Inkitt’s AI-touting sales proposition does not hold, or at least: it did not hold at the outset.
If Inkitt has an advantage NOW over traditional (human) intelligence (agents, editors), it would be on the data side. Agents or editors don't have data about the reading behavior of a manuscript that hasn’t been read by anybody except them, whereas Inkitt, 2.5 years into its existence, can claim to possess such data.

Dec 28, 2016

Inkitt (1) The Algorithm, the algorithm --- whatever you make of this

The GREEN EYES are listed on Inkitt, an AI-agent and publisher---"AI" here in the sense of artificial intelligence, the computer science discipline we taught the last ten years of our previous life, and "agent" in the sense of literary agent. Yes.




And they've just sent us an email. You don't have to read this, but just in case:


"Ding, ding, ding, we have a winner!

Congrats! Your novel  [the GREEN EYES in our case] is in the top 10% of novels in the Genre Preliminaries and has been awarded a spot in The Final Round. Your work will now join the best performing novels from the other genres in a face-off for the $1000 Grand Prize. The Final Round is an exclusive, invite only, closed contest.
Announce the big news to your fans, and keep sharing your knockout novel if you want to be top dog! The winner will be selected by the Inkitt algorithm based on level of reader engagement so you will need to win over as many members of the crowd as possible. Call in your hypemen and round up your groupies to help you spread the word about your latest win and find new support to secure your title as Champion. 
Best of luck!
Your Inkitt Team"

Think this through. They have an algorithm---if you scroll down, you'll find a fragment of ours, written weeks ago, involving algorithms, but don't scroll down yet---an algorithm that's supposed to pick winners on the basis of readers' reading behavior. And the next thing is, they ask their authors to work around the algorithm and mobilize their "fans," no matter what. Best of luck. (For more bickering, scroll down-down.)

And here's the fragment---hold on, let's start a little competition of our own: who's the biggest fool in This Is Heaven? The mayor, Bienpensant, John himself perhaps? No---it's Inspector Mario LaStrada of course, the detective (who's still missing from or Green Eyes zoo, inexcusably). Here goes, from Chapter 41, "The Game Is up"---John's fourth and last encounter with the inspector: 


LaStrada must have found time taking a class in creative writing since he says: “Did you bring the handcuffs that you were wearing so convincingly on, on…”

(we make eye contact)

“…Tuesday,” I help out.
“Well-put,” he replies, “Tuesday night.”
“You didn’t ask me to bring them,” I say.
“You should keep them handy. It appears that the long arm of the law is not yet done with you.”

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