How much money do you make? How much money?
It’s a topic that the salaried employee doesn’t hear much, but one that is incredibly common for self-published writers.
The answer: that’s up to you. And it truly depends. A tonne. A lot.
Self-published authors usually do not begin selling their books as the sole revenue source. Because of this, a self-published author could make between $1,000 and $100,000 per year. As the owner of a self-publishing firm, I hear the question “how much money do you make” maybe more than anybody else.
I am a straight shooter. I am a straight shooter. I’m not going to throw a smokescreen and just dream about a self-published writer’s future sales and lavish lifestyle. But I’m still going to respond with a warning: a self-published book gives more value than money. Book sales are excellent, but in the self-published book there are four distinct forms of value worth even more than a deposit in your bank account.
The book is a steroid business card
If you publish on one of the leading self-publishing sites, pricing is one of the last moves. But a self-published book cannot really price, mostly because of its use as a connection-building tool.
Take business cards into consideration. When you give your card to a guy, what do you give? Contact details. Your profession. Your occupation. Maybe a website connect. Above everything, you give this person a tangible symbol to make him or her recall. All this is done by a novel, but far higher.
Your book is a perfect way to share your knowledge and insight without being overwhelming. While some writers take one side and contend with zeal about the disparity between the authors’ works, the overwhelming majority of the people you encounter don’t care. People will come to see you as a thinker in whatever area you write about. Your book is a sign of hard work, commitment and experience for them.
Your book may also be a valuable gift. Although printing costs outweigh a business card, you can open doors if you have handed your book to the right guy.
Share your thoughts and imagination
The range of genres is infinite when it comes to books. But regardless of whether you are writing nonfiction self-help or cosy mystery fiction, both books share something.
No matter what you write, publishing a book is the perfect way to share with your readers your thoughts and imagination. If you want to share a fantastic storey or spark social reform, there’s nothing better than a book to do that.
Books are easy to digest for readers and can be read again and again without losing meaning. Books provide authors with plenty of space to create ideas worth sharing.
If you have something to say, the place to begin is a journal.
Extend and strengthen your network.
Both authors need a website. If you’re an author or a writer, it’s a perfect place to welcome your work online. Your site can be used to combine your social media pages, post your bio, collect email addresses and incorporate a blog if you have one. All these are places to start creating a personal identity and find readers interested in what you do.
That said, nothing would be better than your book with a website. The two combine a symbiotic relationship: as people visit your website to read more about you and your thoughts, their book will be discovered. If you come to the book section, you will read more. See how things work? See how?
For you, your thoughts and your jobs, a reliable website creates credibility. It brings you to the next step to add your book to the site.
The contents are more in keeping with your personal brand
You should always ask yourself if you expect your fans to see you as you construct your personal brand. What do you like when they hear your name to think of?
You’re the playful investor expert? You may be the stoic poet. Perhaps you’re a mix of many ideas. However you want to shape your platform, the trick is to ensure that you create content the matches that image. This takes a lot of self-awareness and scrutiny of what you release.
Usually, they have absolute editorial influence of book publicity when you sign a book deal with a conventional publisher. Can they sell it in a manner that matches the reputation that you want to create for yourself?
No. No. They don’t worry. They don’t care.
Orthodox publishers do not settle the accounts at the end of the day for pleased authors. They cover the book distribution bills. This means that when it comes to selling the book they can do what they think is right. On the other hand, self-publishing gives you complete creative freedom over any choice in your book. From cover to layout, you can keep the book in line with your own brand.
While you can hear interesting suggestions from friends and colleagues for your novel, you will always be able to say “no.” This is normally not achievable for a conventional publisher.
Finally, because a self-published book has more value than the money you earn from sales, this revenue is still big too!
It is understood that self-published authors have considerably higher royalties than traditionally published writers for their works. Both figures are 60 percent royalty vs 10 percent royalties in the ball park. This big pay reduction is generally due to the willingness of authors to sacrifice the cut to enter the competent distribution outlets of the publisher.
But don’t be afraid. It must not be this way, because if you’re the sort of person who doesn’t care about rolling up your sleeves and making your chances, then a conventional publisher can never harass you. About what conventional publishers might claim, marketing your self-published book on a budget is not difficult.
In addition to the passive revenue it offers, your self-published book will be used to spark consultations or speeches, and these revenue would not have to be shared with the publisher.
In your wallet, that’s more money.
Also Read: Does SEO Matter Startups?
The Entrepreneurs Diaries is now available on Telegram. Join our telegram channel to get instant updates from TED.
