Regardless of whether you are holding out for an old-fashioned publishing contract or taking matters into your own hands with custom self-publishing, here are 5 questions you should know the answers to when you decide to publish:
- What is the minimum number of books you have to purchase, and what does
each book cost you? Many require certain quantities to be purchased at highly marked up prices. That is how they ‘get you.’
- Who determines your retail price? How much is it? Here’s another one to look out for. You should have that control. Publishers that don’t allow that are often in the business to make money on your book. You’ve done the work. You should see the rewards.
- Who determines how much money you make from each book? Another good test. Your publisher should pay 100% of the difference between the wholesale price and the production price of the book. Most publishers pay anywhere from 5%-50%.
- Do you receive marketing support after publication? Free services like the Marketing COACH offered by Outskirts Press is an invaluable collection of proven tactics shared to help improve your book sales.
- Do you retain all the rights to your book? You definitely should. Check the contract of wherever you publish.
Whatever questions you ask, the sheer willingness to ask them will make a world of difference to your self-publishing experience. Those who don’t ask questions end up trapped in contracts which leave them underserved, or worse, while those who do ask questions are on a constant quest for self-improvement and the improvement of their circumstances and sales. That questing spirit? That’s one of your greatest assets.
Never be afraid to ask the hard questions.
You are not alone. ♣︎