Is Self-Publishing a Book Profitable?

Publishing a Book Digitally 

By Deborah S. Nelson

Tablet computer color splashNow that digital publishing has entered the playing field of the World Wide Web, a new question arises over the horizon of online book publishing. Is it possible to make money when publishing a book? In this article we address the question for those considering entering the ring of digital book publishing.


Self-Publishing

Book Publishing reaches back into history; and traditionally was an expensive venture to enter. The printing press was a pricey piece of equipment in the first place, as was the set-up involved in printing just one book. This required an up-front investment for printing at least 10,000 books to make one book affordable. See the video below which explains in more

detail the difference between digital publishing and traditional publishing.

Now that digital publishing allows any of us to print just one book affordably, that makes self-publishing doable for a one person enterprise.

Money Required for Publishing a Book

Before we can talk about making money in publishing a book, we need to talk about the costs involved to get started.  Since expensive printing equipment or set-ups are not required, that means anyone with a simple computer and an idea for a book can enter the playing field of book publishing. With no large investment required, the potential profit margin obviously skyrockets.

However, expect to put in a great deal of sweat equity, or pay for labor costs involved in preparing the digital file for publication. To find out more details about the exact costs involved in  publishing a book, here’s an article entitled Real Self-Publishing Costs to Publish a Book to get a detailed analysis of initial costs involved.

The Millions Made by Publishing a Book with Digital Publishing

Digital publishing equipment has made a new self publisher era possible. No longer considered ‘vanity publishing,” many successful traditionally published authors are getting excited about the size of their royalties made by publishing a book themselves. Take Barbara Freethy, for instances, Author of 34 novels including the Wish series and first author on Kindle and Nook to sell one million books. She has been writing for 20 years, and was published through four different publishing houses. Freethly is now self-publishing. “Once I saw how well my self-publishing books were doing and how much more attention and focus I could put on my own books, it was a pretty easy decision [to continue self-publishing] because those books have been doing so much better,” Freethy comments.

Amanda Hocking has made millions with her romance series with on e-book platforms as well. Considering now that the self-publishing industry is estimated as a 52 million dollar industry in 2012, there is certainly big money to be made in publishing a book. This is true now, more than ever, especially when self-publishing figures appear to be eclipsing traditional book publishing numbers many times over.

Amanda Hocking and Barbara Freethy are just two of the most well-known millionaire authors; and this article barely scratches the surface. Huffington Post Live has a comprehensive video interview which interviews the some of today’s most successful self-published authors. With the publishing playing field leveled they interview Hugh Howey, Darcy Chan, Bella Andre, Jasinda Wilder, all New York Times Best Selling authors, and all approaching 1 million or more in book sales. With royalties what they are in self-publishing, you can bet those sales numbers has brought each of these authors millionaire status.


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Widbook: YouTube of Self-Published Books

By Deborah S. Nelson, Author/Publisher Publishing SOLO & VRTG

Widbook is just one more of the rich revolutionary developments in the new digital publishing age. Like the World Wide Web itself, Widbook was originally created as a tool for professors and students to collaborate on projects. Widbook, a self-publishing platform, has now achieved a membership of 50,000 readers and authors. More than a community offering free e-books, Widbook has become a hot spot on the net where emerging self published authors may reach a wider audience and build an author fan base.

“Widbook gives new self published authors a chance to expand their readership. I published my book ‘Churinga’ there and in a few weeks had many followers and views,” remarks U.K. Songwriter-turned-author Jonathan Broad, 57.

Publishing Solo encourages our community of authors in the making to join this community and reach out to the marketplace of readers. To read more about the Widbook self-publishing platform see today’s news release in Sys-Con Media:

“– Eight months after raising funds, Widbook (www.widbook.com), the digital collaborative publishing platform, has reached the milestone mark of 50,000 members worldwide. During times when technology is revolutionizing the publishing industry, Widbook’s fast-growth and exclusively collaborative tools position it as a leader in the crowd-writing and self-publishing industries.

More than being a platform for established authors and book lovers to publish and read ebooks for free, the community has become a doorway for new writers. U.K. Songwriter-turned-author Jonathan Broad, 57, is excited to be a part of the digital publishing space and is eager to see what’s ahead for the market. “Widbook gives new authors a chance to expand their readership,” he said. “I published my book ‘Churinga’ there and in a few weeks had many followers and views.”

Another notable trend is participation from younger generations who feel the self-publishing platform is an opportunity to get noticed in this competitive industry. Denmark’s 18-year-old Louise Warberg started using Widbook after seeing one of her favorite writers publishing there. “Widbook seems very professional, so I chose one of my more mature, serious stories to publish there called ‘Stories the Butterfly Told Me,'” she said.

Writing since childhood, Bryony Magee, an 18-year-old from the U.K., reached millions of reads with the adult novel ‘The Popularity Debt’ and is working on publishing in print. She’s currently writing the book ‘The Sleeping Arrangement’ on Widbook. “The platform is a great way to reach a wider audience — most of whom would not know about me otherwise,” she said.

In addition to its exponential membership growth, Widbook recently launched its Android app available via Google Play (https://play.google.com/store/apps/details?id=com.widbook.widbookapp&hl=pt_BR), which enables reading books from anywhere.

Anyone can sign up for Widbook’s free platform by visiting widbook.com and simply creating a profile. (read more)

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