Published on Tip of the Day blog.
Not long ago, an aspiring book writer rejected by traditional publishing houses had only one alternative: vanity publishing. For $5,000 or $10,000, or sometimes much more, he could have his manuscript edited and published, provided that he agreed to buy many copies himself, often a few thousand or more. They typically ended up in the garage.
Digital technology has changed all that. A writer turned down by traditional publishers — or even avoiding them — now has a range of options. Among them are self-publishing a manuscript as an e-book; self-publishing through myriad companies that print on demand, in which a paperback or hardcover book is printed each time it is purchased; and buying an array of services, from editing and design to marketing and publicity, from what are known as assisted self-publishing companies.
“It’s the Wild West in a lot of ways — people who are innovators can do remarkable things,” said Mark Levine, whose own self-published book, “The Fine Print of Self-Publishing,” is now in its fourth edition.
Digital publishing and print on demand have significantly reduced the cost of producing a book. The phenomenal growth of e-readers and tablets has vastly expanded the market for e-books, which can be self-published at little or no cost. Writers who self-publish are more likely to be able to control the rights to their books, set their books’ sale price and keep a larger proportion of the sales.
But one thing has not changed: most self-published books sell fewer than 100 or 150 copies, many authors and self-publishing company executives say. There are breakout successes, to be sure, and some writers can make money simply by selling their e-books at low prices. Some self-published books attract so much attention that a traditional publishing house eventually picks them up. (Perhaps you’ve heard of the novel “Fifty Shades of Grey,” which began its life as a self-published work?)
Still, a huge majority of self-published books “don’t sell a lot of copies,” said Mark Coker, the founder and chief executive of Smashwords, a no-frills operation that concentrates on self-published e-books. “We make it clear to our authors.”
Some people have no problem with that; they want only to print 50 or 100 copies of a memoir or a family history at a relatively low cost. But others continue to dream big.
There are two basic kinds of self-publishing companies, both Web-based:
ASSISTED SELF-PUBLISHING These companies focus primarily on producing hardcover and paperback books. They offer many services, separately and in packages, including editing, copy editing, proofing, marketing, public relations, access to social media and even strategies for drawing search engines to a book.
With the rise of e-books, virtually all of these also will publish a manuscript digitally, and many have their own online bookstores.
At Lulu, for example, you pay nothing upfront. Each time a print book is sold, you receive 80 percent of the proceeds, beyond the cost of manufacturing the book. For $450, Lulu offers an editing package for books longer than 7,500 words (which is most books). Lulu will have a designer create a book cover for $130, and it provides groups of services like editing, design and formatting, starting at $729 and going as high as $4,949.
At CreateSpace, a division of Amazon, the process for producing a print book is similar. You go to the Web site, sign up for an account and follow the steps to prepare a print book for publication. If you sell your book through Amazon, you receive 60 percent of the proceeds, minus the cost of printing. Optional services include copy editing, which starts at $120, and converting a print file to an e-book for Kindle, $69.
Half a dozen packages, the most expensive of which costs $4,853, provide services like comprehensive editing, cover and interior design, promotion and publicity assistance and a video book trailer.
Relatively similar services can be found at many other Web sites, including Aventine Press; Self Publishing Inc.; Hillcrest Media; and iUniverse, Xlibris and AuthorHouse, which are among the imprints owned by Author Solutions, a company purchased last month by Penguin, a traditional publishing house, for $116 million.
Be sure to carefully compare prices since they can vary considerably, especially on printing and sharing in the sales.
E-BOOKS AND NO-FRILLS WEB SITES Smashwords is one of the low-cost Web sites that publish only e-books. As with similar sites, you can publish a digital book free, and then put it on sale at many online retailers, including Smashwords’s store, Apple’s iBookstore, Barnes & Noble, Kobo and Sony.
Proceeds are split this way: You get 60 percent of the book’s sales price, Smashwords receives 10 percent and the retailer gets 30 percent. (If you sell through Smashwords instead of a big retailer, you retain 85 percent.) Mr. Coker, the site’s founder, said it did not offer any services because he wanted to encourage do-it-yourself e-book publishing. Instead, the Web site provides lists of inexpensive independent contractors who can help with formatting an e-book or designing a cover.
Scribd got its start as a sharing site, where people distribute writing of all kinds free. The site now has an online store, where you can follow instructions to publish a manuscript as an e-book; when it is purchased at Scribd’s store, you get 80 percent of the proceeds.
Apple, Barnes & Noble and Kobo also provide platforms for publishing an e-book and selling it at their stores. The details vary. Apple, for instance, gives you 70 percent of the proceeds for sales at its iBookstore; Barnes & Noble provides 65 percent of the list price of e-books priced from $2.99 to $9.99 that are sold on its online store. Although Google does not have a self-publishing platform, its store is open to self-publishers, with 52 percent of the proceeds going to the writers.