Publishing has changed. Today you’ve got many book-publication choices.
1. Find a traditional publisher (send out book proposals, get an agent, make a sale, get an advance… etc);
2. Self-publish (you have many choices here – Print on Demand, electronic publishing as PDF etc);
3. Self-publish online, using your book to gain online advertising revenue (blog your book).
Traditional book publication: it’s a long journey
To work with a publisher, youâ€™ll need to send out query letters and/or a book proposal. A query is a letter or a few pages briefly describing your text, why it is unique, characteristics of your target market and how you can help market the book.
Most top-tier publishers donâ€™t accept unsolicited manuscripts, so youâ€™ll need get an agent to convince them to read yours. If they request that you forward your entire manuscript, you have one foot in the door. Be prepared to send more than one query and donâ€™t expect a response next week.
There are writer’s guides that serve as excellent resources to find publishers who specialize in your particular genre.
These guides list the percentage of new authors published as well as the percentage of sales they pay. You may find pay rates ranging from 5-10% of sales. Some pay on wholesale sales and others on the retail amount. Do the math. Perhaps your book will retail for $14.95 and the publisher will pay 6% on retail. This means you will earn 90 cents per book sold. Of course donâ€™t forget that the publisher is doing all the printing, distributing, and marketing of your text.
Fast-track book publication – self publishing
Another route you may want to consider is self publishing. You will be responsible for all the printing, distributing and marketing costs involved, but you will also get to retain all the profits. There are book printing companies as well as companies that specialize in assisting the self-publisher through every step along the way.
You can also opt to self publish online. This is the easiest option. However, you do need to learn the basics of online publication: how to buy a domain name, get your material uploaded to your server, and get advertisers.
Which form of publication is best for you?
In 2008, it’s completely up to you. I know several authors who’ve self published and have turned down traditional publishers who approached them.
Traditional publishing gives you prestige, but it’s far from your only option.
Write YOUR Way to Riches – Write A Book
Your life will change, when you’re a published author – writing books is the perfect home business. As an author, you’ll have successful home-based business which delivers great rewards. It’s a dream job with a perfect lifestyle.
You can write books anywhere, in your home office, or while you travel to any country in the world. Your morning commute is the steps from your bedroom to your home office – no annoying boss, no office politics.
The rewards can be huge.
Get started writing your way to riches today.
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