The publishing industry has been changing so much in the past few years that it’s hardly recognizable anymore. The shift that is occurring has moved from favoring the big 6 publishing houses in favor of individuals choosing to self publish. According to Bowker, those who self publish that were surveyed and monitored (those who use ISBN #’s) are growing at a rate of over 10 percent per year.
When you self publish, you bypass the middlemen, by going directly to a printer and handling all the marketing and distribution of the product yourself.
Here Are Eight Little Known Reasons To Self Publish Your Book
It may be the only opening you have –
There are ten’s of thousands of manuscripts sent to traditional publishers every week and the chances of your manuscript spending more than 5 seconds in someone’s hand are slim to none – leaning heavily on the none side. Self-publishing may be your only solution.
70% Profits as opposed to 5% –
Why accept 5% in royalties from a publishing company when you can split it 70-30 with Amazon!
You have absolute creative, marketing and editing control –
According to A Writer’s Digest poll, 60% of the traditional publishing firms do the final editing; 23% select the final title; 20% will not even consult an author on the cover design and 37% do not involve authors in promoting their own material.
You gain a publisher’s perspective –
From a publisher’s point of view you are able to see the whole process including the marketing from beginning to your future.
You can publish sooner –
It can take anywhere from a year to 18 months or more before the first copy of your book will reach the marketplace.
You gain valuable business experience –
When you self-publish you are more directly involved in marketing and receive a more total business picture and valuable experience.
Tax Advantages –
read the “Tax Guide for Small Business” as a start. You’ll also need to be familiar w/forms 8829, Schedule C, and possibly Form 5213. Happy deducting!
Multiple Streams of income –
Now you can self-publish in many different formats (Createspace, LuLu, Kindle, Nook, PDF, Kobo, EPUB, etc.). Each new format you create is another stream of income for you. You can also turn books into courses, workbooks and study guides and even movies or audio books. The options and income potentials are as endless as your own imagination.
If you don’t pursue your publishing dream now I guarantee that by this time next year you’ll still be be thinking about it and in the same place financially you are now. You have the potential to add an another, if not multiple, streams of income and open doors of opportunity you never knew existed.
I’d love to hear your thoughts. You can leave leave a comment here…