This is a comment Jack Shea made in his article, “Self-Publishing: A good time for Island Authors.” I just bought a used car for my daughter, A Mitsubishi Galant with 53,000 miles. I’d say this is a pretty good used car. It cost us $6,000 and that is about what it costs an author to produce a bookstore quality book.
This $6,000 number includes the cost for a bookstore quality cover design, interior page design, good content editing, proofreading, printing at least 250 copies and some basic marketing - getting it on Amazon, building a blogsite, email advertising etc.
At the end of the day, as Jack says, you become not only a published author, but also an entrepreneur:
As traditional publishers reduce their title lists and reduce author advances and promotional budgets, many Island authors have become entrepreneurs. Self-publishing, e-publishing and print on demand are the new publishing buzzwords. They represent a new paradigm that uses myriad combinations of Internet marketing, printing technology, and small publishers to replace the traditional corporate publishing path, which is less available than ever to writers without a proven publishing pedigree.
Over the past 4 months we had about 10 self-published books competing in bookfairs with other royalty published books. The 3 titles that looked like they belonged in a bookstore sold quite well, but the other titles that looked self-published did not. I am convinced a quality self-published book is just as valuable as any book a “big house” can produce, but there is a significant investment in time and money.
Also, you need a strong team around you. This team is your designer, your editor and other people you bring on, either as a paid vendor or as an advisor. Listen to the people on your team as their input is invaluable. When choosing the publishing company to use, be very selective and ask the following questions to see if the company fits the overall goals you have for your book:
1. How much control do I have over the design?
2. Do you provide content editing?
3. Do you have a proofreader separate from the content editor?
4. How much will a book cost me? (This gets tricky. If you print yourself, i.e. with a local printer, books will cost less than if you go with a POD publisher, generally speaking. It’s good to talk to both POD publishers and printers who specialize in books.
5. What kind of marketing support to you provide?
6. Do you own the rights to my book or do I? If they put their ISBN on your book then they are the publisher of record. This is okay, but you want to be able to cancel out of their contract and put your own ISBN on if you become disastisfied later on. Never lock into any long-term contracts.
The process of self-publishing can be daunting, but if you go through the process in the right sequence you will find it is a very rewarding adventure.