Self-publishing has been around for a while, but only in the last few years have the tools become accessible to the masses. Previously, the only people who could publish a book were either independently wealthy or had access to an important institution such as a university. But thanks to platforms like Amazon and Apple‘s iBooks, anyone can now publish a book and become instantly accessible to millions of potential readers worldwide. And while it’s wonderful to have the option to publish a book, it’s not necessarily a way to make money. Here are a few alternatives.
Create and Sell Your Own Product
If you’ve got a good idea for a product, you could take the time to create a prototype, get some samples made, and then sell your goods. Consider writing up a business plan and looking for investors who may see your idea as a lucrative investment opportunity. Alternatively, you could consider creating your own product line and using your established name and network of outlets to get the word out about your products.
Manage An Online Store
If you’ve got a sizable audience, you could consider setting up an online store where people can purchase your books. Google has made it easy for anyone to set up a store, and the interface is incredibly easy to use. Your store can be as simple or as elaborate as you want it to be. Just make sure that you meet any requirements of the platforms on which you choose to sell your books. Some of the more popular online stores for writers include BookSpring, Amazon, Lulu, and Bnag.
Become A Agent
If you’re a good copywriter and know the publishing industry well, you could become a literary agent and negotiate the contracts that get books from authors to printers.
As a literary agent, you would seek out new authors and offer to represent them, handling negotiations and contract drafting for a fee. Many agents represent both authors and publishers, so if you’ve got the talent, this could be a way to make money online. You could start your own agency or collaborate with other agents to form a brokerage house.
Get A Publisher
The most traditional route to becoming a published author is still through a traditional publisher, and many writers still rely on these companies for their publication needs. But just because a company is a traditional publisher doesn’t mean that they don’t offer any other options. Some smaller publishers offer excellent service and value for authors, giving you the opportunity to have your work disseminated to a wide audience through print- on-demand books.
Join A Society
One of the more recent developments in self-publishing is the creation of closed societies, which offer additional benefits to their members. These benefits can include free shipping, a percentage of royalties, and an audience who may want your work and are interested in becoming part of your community. As a member, you have the opportunity to gain access to important information about book publishing and get a jump on the competition by getting your novel ready for publication before anyone else.
Try Your Hand At Blogging
Blogs are a great way to establish your online presence and become a recognized name in your industry. But instead of just taking our word for it, let’s take a look at some real statistics. In 2017, over 500 million blogs were read around the world. But that’s only half the story. Between 2014 and 2017, the number of blog articles read per day increased by 22%, meaning that even if you’re not a tech-savvy type, there’s a good chance that you could set up a blog and start publishing to see results.
In 2020, Self-Publishing is No Longer ‘Saving-the-Artists-Suit’
When you think about the history of self-publishing, you have to imagine that somewhere along the way, it was used as a way to get necessary funding for artists. But nowadays, due to the accessibility of tools like Amazon and Apple‘s iBooks, publishing your book doesn’t necessarily mean that you’re doing it for the sake of art, as there are plenty of ways to make money from a book.
While self-publishing has opened up to the masses, it’s not necessarily a path that’ll lead you to financial stability or happiness. The key to making money from publishing a book is to find a way to make your work profitable. If you want to be a writer, be a writer. If you want to be an agent, be an agent. But if you want to make some extra money, try out one of the other options listed here. Good luck out there.