Can You Make Money by Self-Publishing?

While blogging can be lucrative to those that are determined to write content, the Internet can provide other methods to help you build a reputation as well as earn royalties from your books and/or stories. Self-publishing used to be a method in where you would need thousands of dollars in order to develop and promote your book. In today’s world, sites such as CreateSpace and HP’s Magcloud can help you deliver digital and printed copies without you putting in a single dime of your own money.

Your Focus for Success
While self-publishing may sound like a very intriguing prospect, you need to consider a few things before assuming you’re going to rake in the royalties from your book.

 

  1. Marketing – Although Amazon and HP will do their part to help publicize your book, the majority of the marketing will be up to you. Whether you hire an advertising agency or put the effort in your own control, you need to get your book noticed by the populace. Uploading the material and hoping for the best will not help you become a success.
  2. Pricing – While pricing your books too high means you’ll earn a higher royalty per sale, it doesn’t mean you’ll actually sell any books. On the flip side, pricing it too low in order to make royalties could be short-changing yourself. Do your research and find a good price for your materials.
  3. The Name – Don’t assume that you’ll become as popular as Dean Koontz or Stephen King as soon as you’re published. This is influenced by marketing mentioned above. Don’t be discouraged if you don’t sell many copies, either. It may take a few books before your popularity grows for public recognition.

Online Copies Only
If you don’t have a lot of money on hand for self-publishing with a company that requires upfront cash, then starting off with CreateSpace or Magcloud could be a way to go. As soon as your popularity can grow to sustain more grand circumstances, then you can afford to do book signings around the neighboring cities or attend parties in elegant hotels. It takes hard work and determination to be a success in any venue.

If you create a great piece of literature and have a brilliant marketing plan, you can make money by self-publishing your work. The Internet provides you with all of the tools you need in order to drive your success. The only thing you need to focus on now is your own drive to succeed. If you’re self-conscious about your writing style, use Wattpad.com to test the waters and see if your content will be accepted by the general public. You’ll never know what you can accomplish if you don’t at least try.

(Visited 51 times, 1 visits today)

Michael

Michael has been a freelance writer since January of 2012. He has completed more than 5,000 jobs for a variety of clients ranging from animals to travel.

%d bloggers like this: