Your Book is Your Business

Welcome to the fabulous fall. I hope you’re all adjusting well to the weather changes. I know life is about to get crazy with holiday madness, but I’ll keep on sending you great ideas to keep you motivated with your writing goals! I know with business a bit slower during the holidays, I have more time for my own writing projects. So, if you’re so inclined, take your laptop when visiting family, and if you’re not into the ballgames, get into your writing!

This month I’d like to discuss how your book is your business. Like it or not, the majority of authors, whether self published or traditionally published, are in business!

Especially as a self published author, you’re a writer, designer, printer, publisher, bookkeeper, marketer, distributor, and CEO. You’re running a small publishing company. If you’re traditionally published, you’re pretty much all of those except the designer, printer, distributor, and publisher. You still need to keep track of your sales and royalties, pay your taxes, and manage your marketing campaign, since traditional publishers rarely do a lot of marketing for their authors.

In either situation, few authors glean huge profits from one book or even several. A recent study I found indicated that most books sell less than 500 copies. OUCH! Most best selling authors often have a franchise: in fiction it’s novelists like Nora Roberts who often writes trilogies or James Patterson who has a recurring character in his books. In nonfiction, it’s the Chicken Soup for the Soul or For Dummies franchises.

As long as you’re in business anyway, why not start looking at this as a business.

The first thing you must do is determine why you’re writing a book or books? What is your primary goal? And as a business, what is your primary goal? Is it to share your wisdom, teach a skill, build your business, or create a new income stream?

From your answer to these questions, your next step is to decide if you want to treat this as a business or if you’re happy writing one book. Or you may want to write whatever you feel like writing with no goal of having them connected to each other and building a business.

That’s fine. That’s your choice. But if you would like to look at writing books as a business, for whatever reason you choose, then stay posted for some great ideas!

Happy writing,

Andrea
Andrea Susan Glass
www.WritersWay.com

PS. If you’re just getting started on your first book, I’d love to help. Take a look at my services at www.writersway.com/services. For the months of December and January, I’m offering a 10% discount on all services! Take advantage of this rare offer!

 


 

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