Everything you need to know about Self Publishing, right here:
In Part 1 we had a little self-publishing history and info. In Part 2 we start to drill down to the nitty-gritty. So for the specifics and some recommended providers, read on.
Designing an E-Book Cover
There are a number of special considerations for e-book covers, not least of which is how little control you have over how the cover displays. People may see your cover in black and white, grayscale, color, high-resolution, low-resolution, thumbnail size, or full size. It needs to be readable at all sizes and look good on low-quality or mobile devices. For these reasons (and many more), it’s best to hire a professional to create an e-book cover for you. One designer I frequently recommend is Damon Za.
Maximizing Your Sales
With print books, your success is typically driven by the quality of your book, your visibility or reach to your readership, and your cover. With digital books, the same factors are in play, plus the following:
- If you check the e-book bestseller lists, you’ll see that independent novelists charge very little for their work, usually between 99 cents and $2.99. Some argue this devalues the work, while others say that it’s appropriate for an e-book from an unknown author. Whatever your perspective, just understand that, if you’re an unknown author, your competition will probably be priced at $2.99 or less to encourage readers to take a chance. Typically, the more well known or trusted you are, the more you can charge. Note: Nonfiction authors should price according to the competition and what the market can bear. Sometimes prices are just as high for digital editions as print editions in nonfiction categories.
- As of this writing, Amazon Kindle accounted for at least 60–70% of e-book sales in the United States. Your Amazon page (especially as displayed on a Kindle) may be the first and only page a reader looks at when deciding whether to purchase your book. Reviews become critical in assuring readers of quality, plus the Kindle bestseller list is watched closely by just about everyone in the business and can be a key driver of visibility and sales.
- Price + Amazon. Amazon is well known for paying 70% of list to authors who price their e-books between $2.99 and $9.99. The percentage plummets to 35% for any price outside this range, which is why you find authors periodically switching their price between 99 cents and $2.99. They maximize volume and visibility at the low-price point (and attempt to get on bestseller lists), then switch to $2.99 to maximize profits.
This is but a scratch on the surface of the many strategies and tactics used to sell and market self-published work. Read these guides for in-depth coverage.
Should I Set Up a Formal Imprint or Publishing Company?
Much depends on your long-term plans or goals. You don’t have to set up a formal business (e.g., in the United States, you can use your Social Security number for tax purposes), but serious self-publishers will typically set up an LLC at minimum.
For the basic information on how to establish your own imprint or publishing company, read Joel Friedlander’s post, How to Create, Register, and List Your New Publishing Company. It also discusses the ISBN issue.
What About Agents Who Offer E-Publishing Services?
Increasingly, agents are starting to help existing clients as well as new ones digitally publish their work. Help might consist of fee-based services, royalty-based services, and hybrid models.
Such practices are controversial because agents’ traditional role is to serve as an advocate for their clients’ interests and negotiate the best possible deals. When agents start publishing their clients’ work and taking their 15% cut of sales, a conflict of interest develops.
In their defense, agents are changing their roles in response to industry change, as well as client demand. Regardless of how you proceed, look for flexibility in any agreements you sign. Given the pace of change in the market, it’s not a good idea to enter into an exclusive, long-term contract that locks you into a low royalty rate or into a distribution deal that may fall behind in best practices.
How to Produce a Print Edition
There are two primary ways to make print editions available for sale:
- Print on demand (POD)
- Traditional offset printing
As described earlier, print-on-demand technology allows for books to be printed one at a time. This is by far the most popular way to produce print copies of your book. If you’ve investigated services like AuthorHouse, iUniverse, or any of the many subsidiaries of Author Solutions, then you were looking at services that primarily offer POD publishing packages. Traditional publishers also use POD to keep older titles in stock without committing to warehousing and inventory costs.
Pros of print-on-demand
- Little or no upfront costs (if you avoid full-service packages)
- Your book can be available for sale as a print edition in all the usual online retail outlets (Amazon, BarnesandNoble.com, etc), as well as distributed through Ingram, the largest U.S. book wholesaler.
- Most readers cannot tell the difference between a POD book and an offset printed book.
Cons of print-on-demand
- The unit cost is much higher, which may lead to a higher retail price.
- You may have very few print copies on hand—or it will be expensive to keep ordering print copies to have around!
Most books printed by U.S. traditional publishers are produced through offset printing. To use a traditional printer, you usually need to commit to 1,000 copies minimum.
Pros of offset printing
- Lower unit cost
- Higher quality production values, especially for full-color books
- You’ll have plenty of print copies around.
Cons of offset printing
- Considerable upfront investment; $2,000 is the likely minimum, which includes the printing and shipping costs.
- Increased risk—what if the books don’t sell or you want to put out a new edition before the old one is sold out?
- You’ll have plenty of print copies around—which means you have books to warehouse and fulfill unless you hire a third party to handle it for you, which then incurs additional costs.
Important: While it can be fairly straightforward and inexpensive to get a print book in your hands via print-on-demand services, virtually no one can get your book physically ordered or stocked in bookstores. Services may claim to distribute your book to stores or make your book available to stores. But this is very different from actually selling your book into bookstores. Bookstores almost never accept or stock titles from any self-publishing service or POD company, although they can special order for customers when asked, assuming the book appears in their system.
Also, think through the paradox: Print-on-demand services or technology should be used for books that are printed only when there’s demand. Your book is not going to be nationally distributed and sitting on store shelves unless or until a real order is placed.
Should I Invest in a Print Run?
The 3 key factors are:
- How and where you plan to sell the book. If you frequently speak and have opportunities to sell your books at events, then it makes sense to invest in a print run. Also consider if you’ll want significant quantities to distribute or sell to business partners or organizations, stock in local/regional retail outlets or businesses, give to clients, etc. I do not recommend investing in a print run because you think bookstores or retail outlets will stock your book. If such an opportunity should arise, then you can always invest in a print run after you have a sales order or firm commitment.
- Where you’re driving sales. If you’re driving your customers/readers primarily to online retailers, you can fulfill print orders with less hassle and investment by using POD. Ultimately, you do have to use POD regardless if you want to be distributed by the largest U.S. wholesaler, Ingram. (More info below.)
- What your budget is like. Not everyone is comfortable investing in a print run.
You also need to anticipate your appetite for handling the warehousing, fulfillment, and shipping of 1,000+ books, unless a third party is handling it for you, which will reduce your profit. When the truck pulls up to your house with several pallets piled high with 30-pound boxes, it will be a significant reality check if you haven’t thought through your decision.
The majority of independent authors report selling about 100 e-books for every print book. Much depends on the genre, but in the U.S. e-books represent 30-35% of all books sold. So also keep this in mind as you decide how many print copies you need.
If you choose print-on-demand, then I recommend the following:
- Use Ingram Spark to produce a POD edition for all markets except Amazon. By doing so, your book will be listed and available for order through the largest and most preferred U.S. wholesaler, Ingram.
- Using CreateSpace (a division of Amazon) to produce a POD edition for Amazon sales. For many authors, the majority of sales will be through Amazon.
I recommend using both Ingram Spark and CreateSpace to maximize your profits and ensure that no one is discouraged from ordering or stocking the print edition of your book. As you might imagine, independent bookstores aren’t crazy about ordering books provided by CreateSpace/Amazon, their key competitor. However, if you use Ingram Spark to fulfill orders through Amazon, you will reduce your profits because Amazon offers more favorable terms when selling books generated through CreateSpace. So it’s much more advantageous financially to use CreateSpace—but limit the scope of that agreement to just Amazon orders.
As soon as your printer-ready files are uploaded, POD books are generally available for order at Amazon within 48 hours. With Ingram Spark, it generally takes 2 weeks for the book to be available through all their channels.
Wait, How Do I Get Printer-Ready Files?
As with e-book retailers/distributors, Ingram Spark and CreateSpace may offer you fee-based services related to editing, design, and marketing. These package services may work OK for your needs, but try to hire your own freelancers if you need someone to produce printer-ready files.
I Still Have Questions
I would expect so! This is just the tip of the iceberg. You can read more on this topic at the following posts:
- How to Publish an E-Book: Resources for Authors
- The Basics of Self-Publishing by David Gaughran
- 10 Questions to Ask Before Committing to Any E-Publishing Service
- 4 Key Book Publishing Paths
- Mick Rooney’s Independent Publishing Magazine offers in-depth reviews of just about every publishing service out there. Read his review before using any service. You can also hire him for a consultation if you need expert guidance.
I Want to Pay Someone to Self-Publish My Book
Here are high-quality, full-service publishing provider recommendations.
And that concludes Part 2, hopefully this will have helped you consider your options. If you decide to go ahead with self-publishing – best of luck!