Recently we talked about the different paths of publishing. The most popular path today is Self-Publishing. Many authors decide to go this route because they want to have full say when it comes to their work. But Self-Publishing costs, especially if you are doing Print on Demand.
I explained that Print on Demand means that your book is printed when purchased. This is convenient but can also be pricey. Depending on the package you with when it comes to publishing your book, depends on how much money you put into your book. Some packages start at as low as $200 and go all the way up to $2,000.
But you don’t want to put more into your book than you will make. I’m sure the $400 package sounds really nice and you may want all of those things for your book but if you are not going to make anywhere close to that amount after you’ve published it, it’s not worth it. In the end you are losing money.
Money will always be a factor no matter how far you go in your career. No one wants to spend more than they have to and everyone wants to profit. To keep from making this common mistake here are a few tips:
- Before you decide to publish set a financial limit.
- Place the areas of publishing a book in an order, from most important to least important such as 1. Editor, 2. Cover etc.
- Do not exceed your financial limit
- Cut corners where you can. If you don’t need 50 books on hand settle for a lower package.
Keep these things in mind the next time you are ready to publish!
See ya next Monday for another VIP with Dominique