Often times as we write our stories, we seldom consider what the cost of seeing them to print can be. Currently, one of the books I’m reading (will post a full review very soon) states in its “Publish Thy Self” section that in an ultimate worse-case scenario an self-published author can end up with $20,000 worth of debt on their credit card and a basement filled with unsold books. Of course, this is definitely not the fate of every indie author, because with good common sense practices, you don’t have to go deep into debt to see your dreams come true.
My good friend, Kylie Betzner, outlines some of the costs indie writers face. It truly is eye-opening.
We’ve all heard the saying: “You’ve got to spend money to make money.” But how is that relevant to writers? It’s not like we’re running our own business. Or are we? In many respects, writing for a living is just like running a business. You’ve got to create an excellent product and brand. You have to build the platform from which you’ll market your books, and so on and so forth. Sounds like a business to me. And like any business, the key to success is investment.
So, how much should you invest in the creation of your novel? That’s a tricky question, considering there is no set payoff. It’s not like Amazon purchases your novel upfront. But there are several things to consider.
Your Personal Budget. You can’t spend what you don’t have. If you’re drafting a novel, start saving for preproduction costs now!
Expected Earnings. It’s not a secret that self-published…
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