Choosing a Publisher – Page 3 – Self Publishing Advisor

Choosing a Publisher, Jodee Speaks, Self-Publishing

How to Compare Self-Publishing Companies

So you’ve decided to self-publish, congratulations! Now it’s time to pick a self-publishing company. As you’ve probably already realized, this can be a stressful task since comparing self-publishing companies is like comparing apples to oranges. At first glance, you might think it is simple to compare packages from different companies, but once you dig deeper, you’ll realize that each company’s packages feature different services.

When choosing a self-publishing company and package, you should consider the following:

1) What services do you want and need?

Before you start researching companies, make a list of the services you want and need. Reference this list when you are comparing packages as some packages may include services you don’t need, and thus don’t want to pay for, or may not include the services you want. This will help you narrow down your options.

2) Consider add-on options.

In addition to publishing packages, self-publishing companies offer add-on services, such as custom cover design or editing. In some cases, it is more cost effective to purchase a cheaper package and add-on options than purchasing a more expensive package.

3) Get a true comparison.

To get a true comparison, you need to determine the per author cost for books after publication and the per book royalty you will earn . (See an example here.) You may find it is better to spend a little more upfront to reap the benefits of higher royalties on the back end.

4) Think about your after publication needs.

The work doesn’t end once your book is printed. To be successful, you will need to market and promote your book. Self-publishing companies offer a variety of marketing options, so be sure to consider the after publication services when choosing a self-publishing company.

If this seems a little overwhelming, don’t worry. Self-publishing companies have great teams of professionals to help you pick the best options for you.

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.

Choosing a Publisher, Jodee Speaks, Self-Publishing

Comparison: Outskirts Press Diamond Publishing Package vs Createspace Standard Publishing Package

A follower asked if I would compare the Diamond publishing package offered by Outskirts Press with Createspace’s option. He didn’t specify which package he was interested in at Createspace, so I decided to compare the package with a similar price point — the Standard.

I do not envy the author shopping the self-publishing market as it is impossible to do apples-to-apples comparisons since no two packages are going to offer exactly the same features and services. As a professional in the industry, it’s easier for me to cut through the fluff, charts and graphs and distill it down for an author. That’s just what I’ve done here, but remember, offerings change sometimes, so this comparison is current as of the date I did my researcher (November 20th, 2013), and it is limited to information I could obtain on the website of the two companies.

		Outskirts Press Diamond Publishing Package $999	CreateSpace Standard Publishing Package $948
P R O D U C T I O N	Paperback Format	✓	✓
	Customizable Cover (1 stock image)	✓	✓
	Professional Interior Formatting	✓	✓
	Interior images	10 for $49	10 Free
	Interior Charts, Tables, Graphs	10 for $49	$25 each
	Author Copies (Paperback)	10 Copies	0? Not listed on package page
	Free Standard eBook Format	✓
M A R K E T I N G	Standard Press Release	✓	No mention of these items on the Standard package page or comparison chart
	Author Webpage	✓
	Streaming Audio	✓
	Marketing COACH Emails (2 years)	✓

In the above comparison of just the package basics, there are many similarities and really only two differences that stand out:

The Diamond package includes a few marketing options and nothing similar is shown to come with the Standard package.
The Standard package includes the insertion of 10 interior images, while this service costs extra with the Diamond package. If you don’t have any interior images, this won’t matter to you. But, if you have interior elements that are charts, graphs or tables, these are included in the “10 for $49” fee with the Diamond while you may pay $25 for each chart/graph/table with the Standard.

In addition to looking at the upfront cost and package inclusions, it’s important to look at royalties. It’s also imperative that you use the same parameters in determining this pricing information. For my research, I used a 6″ x 9″ paperback, black and white interior with 100 pages and a retail price of $9.95. Here are the results:

The CreateSpace site indicates they will deduct a sales channel %, a fixed charge and a per page charge. The result is the author’s royalty.

If you want Amazon only distribution, then the sales channel % is 40 ($3.98).
If you want expanded distribution, then the sales channel % is 60 ($5.97).
For our parameters, the fixed charge is $2.15 per book.
The per page charge for less than 108 pages is $0.
Therefore, $9.95 retail less $3.98 sales channel, less $2.15 fixed charge nets a royalty of $3.82 if you want Amazon only distribution.
Or, $9.95 retail less $5.97 sales channel, less $2.15 fixed charge nets a royalty of $1.83 if you want distribution beyond Amazon.

Outskirts Press has an easy to use and easy to find pricing calculator on their website. They will deduct the trade discount and a base price. The result is the author’s royalty.

The trade discount is 25% ($2.49) for online distribution (Amazon, Barnes & Noble, Books-a-Million and more).
For our parameters, the base price is $4.52.
Therefore, $9.95 retail less $2.49 trade discount, less $4.52 base price nets a royalty of $2.94 – regardless of where the book is sold online.

After comparing the two self-publishing services side-by-side, the winner looks to be Outskirts Press. You’ll pay $51 more upfront, but if you want distribution beyond just Amazon, you’ll reap the long-term benefits with the higher royalties from Outskirts Press.

See all the benefits and features of the Diamond publishing package here.

Choosing a Publisher, Jodee Speaks, Uncategorized

Top Four Reasons to Self-Publish: Part 4 – Rights

Last month, I did a series on the most popular questions self-publishing authors ask. The posts were such a hit, I’ve decided to do another series this month. Each week in August, I will discuss one of the top four reasons why you should self-publish your book.

This week, I’ll discuss book rights. (In case you missed the last three reasons, be sure to go back and view those posts: Control, Money, and Trade and Distribution.)

As a self-publishing author, you maintain all rights to your book. This gives authors the freedom to sell or keep the rights as they see fit. However, it is important to note that self-published books will be considered “previously published” if the author later chooses to sell the book to a traditional publisher.

Owning book rights such as translation rights and film rights can have a significant impact on an author’s profitability.

Authors who use traditional publishing firms often give up most of the book rights but are usually entitled to a small percentage of the profit if the firm sells the rights to someone else. Self-publishing authors have the opportunity to choose if and how to sell their book rights to ensure they are getting the best deal possible.

I’d love to know, how has owning the rights to your book influenced your publishing decisions?

Choosing a Publisher, Jodee Speaks, Uncategorized

Top Four Reasons to Self-Publish: Part 3 – Trade Discounts and Distribution

This week, I’ll discuss trade discounts and distribution. Unlike traditional publishing, self-publishing allows authors to choose the type of distribution that is appropriate for their material and marketing goals.

When thinking about distribution, it is important for authors to understand how the process works. For starters, “trade discount” is an industry term for profit margin. This rate impacts who buys and sells your books as well as the profits you will make off of your book.

For instance, shelf space in a brick and mortar chain bookstore has very specific requirements: the books must have a very high trade discount (50% to 55%). Therefore, if you buy a book at one of these bookstores for $14.95, 55% of the retail price ($8.22) is divided between the store and the wholesale distributor for their profit. When you subtract the $8.22 from the $14.95, you are left with $6.73. This remainder covers the cost of the actual book. The balance that is left after the price of the book is the author royalty. Typically, authors receive very low royalties in these scenarios.

In addition to needing a high trade discount, authors also need to provide the bookstore with a “Retail Returns Program.” This program allows the bookstores to return books to the wholesaler and get their money back if the books do not sell. You must provide this program to the retailers, but having it is no guarantee that they will agree to stock your book.

Conversely, authors that elect to focus on internet sales may select a much lower trade discount as the internet book sites do not require as large of a profit margin. So that same $14.95 retail priced book under a 25% trade discount would look like this mathematically: $14.95 – $3.74 (25% of the retail price) = $11.21 – the actual cost of your book = your royalty. Obviously, $11.21 is a larger number than $6.73. Therefore, your royalty will be greater if sold by an online distributor, assuming the cost of your book remains the same in each equation.

Freedom to choose your trade discount and distribution center is just one of the many perks of self-publishing. To learn more about trade discounts, check out Cheri’s post titled Trade Discounts 101. It provides a great overview of industry standards and questions to ask yourself before setting your discount.

Choosing a Publisher, Jodee Speaks, Uncategorized

Top Four Reasons to Self-Publish: Part 2 – Money

This week, I’ll discuss one of the most popular reasons authors choose to self-publish: money. (Check out last week’s post on control.) There are two things that are unique about self-publishing in relation to money.

1) The author sets the price.

The price of your book influences the profit you make and how well your book sells. Different authors have different pricing strategies, and you need to give this decision a lot of thought. Rather than a publisher deciding the value of your book, you set the price based on your goals and personal situation.

2) The author earns100% royalties.

If you talk to authors who use traditional publishing firms, royalties are a hot topic. Many authors are unhappy with the royalty rate (which is often in the single digits). Self-publishing authors enjoy 100% royalties. Yes, 100%. Whatever you earn from your book is yours to keep. This reason alone is why many writers choose to self-publish their work.

I’d love to know, how has price and royalty influenced your publishing decisions?

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