In trying to contemplate the “most asked” question by authors considering self publishing, it is difficult to narrow it down to just one question. There are several questions that self publishing authors frequently ask. Since I only want to focus on one question in this blog post, I decided to address the common question, “How much will it cost me to self publish my book?” (Don’t worry, I’ll address the other common questions in future posts.)
Authors considering self publishing often want to know how much it will cost to publish their book. My first response: That’s a loaded question. The answer varies greatly based on the goals and budget of each individual author.
While there is no one size fits all price for self publishing, there is some information that all authors considering self publishing should know before figuring out how much their self publishing project is going to cost:
1) It’s an investment.
You can’t think about the money you will spend on self publishing your book simply as an expense. Instead, think of it as an investment. By putting money into your project, you are creating a book that has a value and will earn a profit. Unless your goal isn’t to make money off the book (yes, some authors have goals other than earning a profit), you need to think like a business person and remember the cliché, “To make money, you must spend money.”
2) Think about what you are getting.
Rather than focusing just on the numbers, you need to think about what the money you are spending will get you. For instance, paying for a customized cover is getting you a unique cover design that will help draw readers to your book and will literally be the face of your project. After all, research shows that readers decide within eight seconds whether or not to purchase a book. Similarly, paying a copy editor will get you a clean, professional manuscript. If there is one service that I suggest all self publishing authors invest in, it is editing!
3) Plan to make a profit.
Many self publishing authors focus on how much is this going to cost them now, instead of thinking how this can make them money in the future. If your goal is to make a profit from your book, you need to create a solid marketing plan. Think of your book as a business. Would you start a business and then not advertise it? Of course not! So why would you publish a book and then not market and promote it? So when you create your self publishing budget, you need to factor in the cost of marketing and promoting your book.
In my years of experience in this industry, I would say the average cost range to self publish a marketable book is $2,500-$3,500. This allows roughly $1,500 for a good publishing package with a custom cover design, plus $500-$1,000 for professional copyediting, plus $500-$1,500 for marketing services. You will likely spend more on marketing and promoting the book down the road, but this provides a good snapshot of the upfront expenses.
Like I said, there is no one size fits all price. Some authors will spend more than others. The key is to look at your goals, needs, and plans when creating your budget, and don’t forget to consider the value of the investment you are making. Remember, you can’t make money, if you don’t spend money.
||ABOUT JODEE THAYER: With over 20 years of experience in sales and management, Jodee Thayer works as the Manager of Author Services for Outskirts Press. The Author Services Department is composed of knowledgeable customer service reps and publishing consultants; together, they all focus on educating authors on the self-publishing process in order to help them publish the book of their dreams. Whether you are a professional looking to take your career to the next level with platform-driven non-fiction or a novelist seeking fame, fortune, and/or personal fulfillment, Jodee Thayer can put you on the right path.