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Should you self-publish your own book? This is a tricky question and one you can answer only for yourself. Here are some ways to help you figure out what you need to know…
If you asked me whether I thought you should self-publish a book, my answer wouldn’t be a yes or no. That’s not my decision. The real question is, does self-publishing suit you?
Here are the questions you should ask yourself to figure out the answer:
Are you prepared to spend more time on the business of self-publishing than you did writing the book?
If you found writing or editing hard, buckle up, because packaging and marketing your book is way more work. I find this work enjoyable and interesting, but that’s me. How do you feel about:
- Negotiating prices with suppliers such as printers and graphic artists
- Deciding on the “look” of your cover and inside design
- Writing copy for the outside back cover of your book
- Installing a shopping cart on your website (or making arrangements with a site like Amazon)
- Applying for an International Standard Book Number (ISBN)
- Setting the price for your book
None of these tasks is hugely difficult, but they do require a basic comfort with the world of business. If that makes you want to poke out your eyes with a sharp stick, or if it makes you say, “I’m a writer; I shouldn’t have to do that sort of thing,” then maybe self-publishing isn’t for you. On the other hand, if you think, ‘yeah, I can do those jobs, no problem,’ or even better, ‘these tasks might be a nice break from writing,’ then advance to the next question.
Do you have enough money to spend on the project?
Decades ago, publishing your own book was a mysterious, challenging job. Before the internet, a typical person usually couldn’t figure out how to find editors or cover designers or page-layout artists, themselves. As a result, they had to pay a so-called “vanity” publisher to find the talent they needed. (And, of course, the public found this arrangement suspicious — hence the name vanity press — because it suggested the author’s work would not otherwise be commercially successful.) But, even worse, vanity publishing cost huge sums of money, not just for the talent but also for the simple act of turning on the printing press. Then there was the problem of the dozens of boxes of books, which the author had to store.
These days, the picture is entirely different. You can find the talent easily, with a quick Google search. (If you do that, though, be sure to check references first!) And increased competition has caused prices to drop in all areas. As well, you can print-on-demand or in very small press runs making the cost of printing far more affordable and the book storage problem forgettable.
Be aware that if you self-publish, you will have to put some money upfront yourself. I’d say the bare minimum is:
- Editing and proofreading (will vary with length): several thousand dollars
- Cover design: anywhere from $100 to $1,000 depending on your needs and standards
- Page layout (will vary with length): several thousand dollars
- Printing (will vary with length, size, paper quality and how many books you print at once): expect at least $5 per book
All in, I’m guessing you’re looking at a minimal budget of $5,000 to $7,000. But if you’re cash-strapped and a real DIY-person, you could learn InDesign and do the page layout yourself, saving several grand.
Do you have an effective way of regularly reaching your audience?
Sure, you may be willing to spend $7,000 for the benefit of being able to hand out your book like a business card. But most of us are going to want reasonable odds of making back the money we’ve invested, or, even better, making a profit.
Forget about getting your book into stores. That’s unlikely to happen unless you have a traditional publisher with a sales rep. Instead, you’re going to need to rely on all the marketing skill you can muster, word of mouth and whatever audiences you’ve developed through social and other media.
If you are a regular speaker (with say, at least six to ten speaking gigs a month) selling your books at the back of the room is a great strategy. If not, then you’ll need to develop another plan for how you’re going to move those books.
Here’s what I do: I blog five days a week, send out a weekly newsletter and am very active on Twitter. (I recently shut down my Facebook account, but I felt confident enough in my other numbers to be able to make that decision.)
My strategy is expensive in terms of my time (I work long days) but it’s effective. I also do all order fulfillment myself, meaning that if you buy a book from me, I carefully wrap it in a bubble-envelope, address it and carry it to the post office. (You can pay a fulfillment house to do that for you, if you prefer.)
I would never tell you that self-publishing is easy, because it’s not. But it is fun and rewarding. And profitable, if you take all the right steps.
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Have you ever considered the idea of self-publishing? How did you make the decision? We can all learn from each other so, please, share your thoughts with my readers and me in the “comments” section, below. And congratulations to Zip Coffelt, the winner of this month’s book prize, The Power of Full Engagement by Jim Loehr and Tony Schwartz for a March 27/18 comment on my blog. Anyone who comments on today’s post (or any others) by April 30/18 will be put in a draw for a copy of Crucial Accountability by Kerry Patterson et al. To leave your own comment, please, scroll down to the section, directly underneath the “related posts” links, below. Note that you don’t have to join the commenting software to post. See here to learn how to post as a guest.