The costs and benefits of publishing your own books
From Both Sides – sold 250,000 copies in a year and pushed him on to become one of the bestselling self-published authors in the UK.
There’s an interesting table of statistics in this article that you should check out. It’s called ‘Earnings of a Writer’.
And this quote I pulled which – importantly shows how most authors see about a 40% return on investment.
From my experience that is about right. Although that 40% ROI is more accurate when you have several books published. On any given book you may lose money…
“A recent survey of writers found that 25% of them had self-published a work, and 86% of them said they would self-publish again.
They suggested a typical return on their investment of 40%, the research for the Authors’ Licensing and Collecting Society found.”
Authors Guild Dismisses Amazon Offer Wall Street Journal Although he warned that the publishing “ecosystem cannot exist while entities within it are committed to the eradication of other entities,” his letter also praised Amazon for creating a…
This is getting complicated…Interesting quotes from the article:
“In his letter, Mr. Russo walked a careful line. Although he warned that the publishing “ecosystem cannot exist while entities within it are committed to the eradication of other entities,” his letter also praised Amazon for creating a successful e-book platform that benefits authors and publishers alike. The letter also chided publishers for not paying authors a higher digital royalty.
“It is worth stating that we are not anti-Amazon, or anti-e-book, or anti-indie-publishing,” the letter said. “Nor are we taking Hachette’s side in the present dispute. Those of us who publish traditionally may love our publishers, but the truth is, they’ve not treated us fairly with regard to e-book revenues, and they know it. That needs to change.””
and ending the article…
“We’re interested in the continued health of the entire publishing system,” Mr. Russo said in an interview. “And we want to get Amazon to say they are interested in that too.”
He said he believed that a reason that the negotiations turned contentious was that Amazon saw that publishers were making substantial profits on their digital titles, money that wasn’t being shared fairly with their authors.
Have you seen this?
I’ve seen others using crowdfunding to raise money for book projects…but this is a REALLY interesting idea.
“If a book fails to reach the amount necessary to pay for production, it’s a sign that the book may not be a commercial success. “Our crowdfunding model is a way to get the market to decide,” said Parilla. The authors who can’t raise the production fees via crowdsourcing can then choose to pay for the production on their own—knowing that the book may be tough to sell—try again, or pull the book from production.”
Crowdfunding for Books: Pentian’s Self-Publishing Model Expands to US – Digital Book World
Crowdfunding for Books: Pentian’s Self-Publishing Model Expands to USDigital Book Worldpentian_0 In the Spanish-speaking world, one digital publishing company has disrupted the traditional publishing process by creating an online platform that combin …
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