It seems there are a lot of things to spend money on in getting a printed book to market. Kind of like optional extras on your new car. If you’re going to make any money on a self-published book, you have to keep your unit cost as low as possible, so avoiding any unnecessary expenses is vital. Whenever you are considering whether to pay for something, look at the increase to your unit cost price and compare it with the chance it will increase sales. If you can’t see a guaranteed return on investment, don’t buy it. Here are 5 things I decided didn’t offer enough return:
- ISBN Numbers. Most independent booksellers don’t need a barcode to sell your book, and you certainly don’t to sell direct. So who uses a barcode? Amazon, Waterstones and supermarkets. If you can make a deal to supply to those retailers and stop your cost price being higher than theirs, you’re printing in such quantities that the £107 for ten ISBNs is negligible. In other words, if you need an ISBN, you can afford one; if you can’t afford one, you don’t need one. Apparently you need an ISBN to sell an eBook through Amazon Kindle or the other ePublishing services; yeah, eBooks are great…
- Author Photo. Before the internet, the author photo (and About the Author section) created brand identity and enhanced the connection with the reader. Now we have the internet. The only thing you need to print on the back cover/flap of your book is the address of your website. If you’ve decided you want an author photo, don’t pay a professional to take one. So many people have digital SLR cameras and photo editing software now that you must know someone who can take that photo for you. Professional photographers turn up and take perfectly framed and exposed photos on demand; you have the time to experiment until you get the shot you want. I’ll post soon with some tips on how to get better portrait shots with a variety of levels of photographic gear.
- Website. I’m lucky – I have a good friend who runs a web/graphic design company (Lemonaise) and is happy to help me out with my site, but even if you’re on your own, pre-built blogging platforms and services like WordPress, Tumblr, Blogger and so on are more than enough for establishing your web presence. Add a Twitter account and not only will you be expanding your reach, you’ll have access to thousands of people who’ve set up their own sites and offer links to help and advice. You don’t need to pay for a website (although you may choose to if you’re after something unique).
- Distribution. If you’re going to make enough money to give up your job, you need access to retailers. But if you have the tens of thousands of pounds it would cost to supply Amazon et al at the cost prices they’ll demand, and you can supply those books on sale or return terms, with no guarantee of sales, you probably don’t need to work anyway. So let’s discount distribution at that level as beyond out reach. Print on Demand (POD) companies such as Lulu allow you to sell to foreign territories, as the books are printed in the country to which they’re shipped when ordered. Access to the US market for a UK author is tempting (it’s not something I’ve completely discounted) but the profit per book is so low compared to printing the books yourself, I’m not sure it’s worth it. If you could establish sufficient reputation in a foreign market to sell a few thousand books, I’m not sure the time spent couldn’t have been spent pushing your book in your home market, at ten times the profit (I’m generalising on the numbers, but I’m not far off). “Local Author” is a brand that can sell books, and you should work hard to maximise the returns on that brand.
- Middlemen. We all need more middlemen, right? I don’t know too much about publishing services as I stop reading early whenever they’re mentioned. Forget vanity publishing, misleading branding or outright cons, there just isn’t enough profit on a small print run to leave room for anyone else to take a cut. You, the printer, your retailers; that’s the guestlist, and there isn’t room for crashers.
There are way more than 5 things you don’t need when you’re printing a book (swine flu is one I can advise against based on experience) but these are the main money-sinks I considered and discounted when planning my print run, and upon which I feel able to offer some insight. So what other ways can you suggest to keep that unit cost price as low as possible?
Tags: Author Photograph, Distribution, EBook, Kindle, POD, Printing, Self-publishing
Websites are not necessary but it can definitely help authors to drive prospective readers to the site where they can find more information about the author and the book. But if you’re on a zero-based budget, a Wordpress account or a Facebook Fan Page will do.
Agreed. I see it as the need to scale expenditure; if you’ve spent all of your money on the first print run, go for a free (but perfectly acceptable) option. If you’re turning a profit, upgrade your web presence to grow your business, as long as you can see a return on that expenditure.