And yours, too!
When you finish writing your book, few people will doubt you’re committed to your writing. You’ve spent months or years putting it on paper, and hopefully poured your heart into every word. If the work is personal enough, you’ve invested a great deal of yourself. If nothing else, you’ve invested your time and talent.
But now that it’s done, are you truly invested in making your book a success?
Your investment in traditional publishing
Let’s start with the less obvious of the two types of publishing. How much can traditional publishing cost you if you’re getting paid for your book?
The honest answer? Thousands.
It may not be that high, but you do have costs in paper, manuscript boxes, and postage for any publishers and agents who don’t yet accept email submissions. You may also find that you have to attend writers conferences to get access to certain publishers. While agents are generally open to submissions, meeting them at a conference can make you stick out in their mind.
There are possible other expenses like buying a domain name and building a website, or hiring a copy editor to get your book in better shape to send to a potential buyer. And then, of course, there’s all that time you spend writing, rewriting, sending it out and waiting for a response – but at the very least, if you’re not self-publishing, you should have more time to write. You may also have travel costs to book signings, speaking engagements, book fairs, etc.
Total cost: A hundred to several thousand.
Return: You will likely get your money back on your advance, but that’s a maybe. It depends how large your advance is and how much you spend to get it accepted. You might just be lucky to break even.
Your investment in self-publishing
This is the more obvious way to invest in your writing.
Total cost: If you do it on the cheap, a few hundred dollars, but to do it right, expect to spend around $1,000.
Return: Most self-published books do not pay out. The average self-published book sells 100 copies. For most people, 300 books is the tipping point to profit.
No matter how you publish, it’s going to cost you something, but the true writer accepts this as the cost of doing business. You’ll invest a little bit of your money, but a lot of yourself. Holding that book in your hand, though, makes it all worthwhile. Good luck!