How to Publish Your Own Book & Bank Some Extra Cash (2024)

Budding authors, you don’t have to go through a big name publishing house to get your book into the hands of the public. In fact, more and more writers are realizing just how beneficial it can be to self-publish. Not only does it allow authors to have more control over the finished product, it also makes it so they can keep a larger percentage of their profits, which can be really ideal in this economy.

Today’s authors have great ideas but don’t want to lose valuable time pitching to agents and writing proposals. They need that time to put the finishing touches on their novel, autobiography or supernatural thriller. That’s why self-publishing is growing in popularity.

Here are some things you can do in advance to get your manuscript ready for self-publishing:

Do your research. What types of books in your genre are selling? Do they share a common theme? What makes them so popular? How do you plan to market your self-published book once it is written?

Eliminate distractions. Select a writing spot in a quiet place and go there each day. Make sure that you have everything that you need to write comfortably. This includes headphones and a MP3 player (if you like some background noise), a laptop, paper, pens, and a clear mind.

Outline each chapter before writing content. Come up with a bare bones outline for each chapter of your book. This is especially important for non-fiction writers. Once you have an idea of what order you want information to be written, you’ll be able to flesh out content quickly and easily.

Give yourself a daily word count. Even if you don’t have a strict deadline, you should set goals. Decide how many words you want to write daily and sit in your chair until they’re written. This no excuses tactic helps you tame your inner critic as well as write and publish your own book.

Write now, proof later. Let go of your inhibitions and write whatever comes to mind. Don’t take your fingers off that keyboard for a set amount of time. Do not proof or edit. You can do that after everything has been written. You can even hire another person to handle that aspect of writing a book for you.

Self-Publishing Companies With Enticing Publishing Packages

Self-publishing has its own list of benefits. Just ask Amanda Hocking. The young adult paranormal vampire romance writer has enjoyed enormous success. In fact, she is one of the first self-made, self-published millionaires out there. You can follow her example and write and publish your own book through the following companies:

Abbott Press (http://www.abbottpress.com) – A division of Writer’s Digest, Abbott Press has a number of different publishing packages to choose from. Each one includes a unique ISBN as well as opportunities to sell on Amazon.com and BarnesandNoble.com. The most inexpensive option authors have is the Essentials Package which costs $999.

iUniverse (http://www.iuniverse.com) – In addition to a number of publishing options, iUniverse also offers the following services to its customers: Evaluation Services, Editorial Services, Formats, Design Services, Production Services, Marketing Services, Bookselling Services, and Publicity Campaigns. Their best value in terms of publishing packages is $599.

Lulu (http://www.lulu.com) – It doesn’t matter if you’re publishing a poetry book or a cookbook, Lulu can help with any type of book project. Lulu’s print on demand (POD) options are quick and easy. You can create a book in minutes, publish it with the click of a mouse, distribute, sell, and print books when you need them. That allows you to save on costs and reduce the amount of space you need to store inventory.

Xlibris (http://www2.xlibris.com/) – Xlibris offers three different self-publishing options to its customers. You can choose from Black and White Book Publishing, Full-Color Book Publishing or Specialty Publishing Packages. They also offer Editorial and Marketing services as a way to help you promote your newly written and self-published book.

Obtaining an ISBN Without the Help of a Self-Publishing Company

You might ask, “What’s an ISBN?” The ISBN is a number that uniquely identifies your title. Readers can do a search for this number and pull up information about your book and locate a list of retailers and websites that sell it.

If you have the means to write and publish your own book without the help of a self-publishing company, there are other ways to obtain an ISBN. You can visit ISBN.org and purchase a unique number. This is one of fast methods of selling your book in stores and having the ability to place it in libraries around the country.

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How to Publish Your Own Book & Bank Some Extra Cash (2024)

FAQs

How can I publish my own book and make money? ›

8 Steps to Self-Publishing a Book
  1. Step 1: Writing. This might sound obvious, but we can't overlook the writing process! ...
  2. Step 2: Book Editing. ...
  3. Step 3: Book Design. ...
  4. Step 4: Book Metadata. ...
  5. Step 5: Publishing. ...
  6. Step 6 : Distribution. ...
  7. Step 7: Marketing. ...
  8. Step 8: Join the Indie Publishing Community.

How much money can you make from a self-published book? ›

So what are the average royalty rates? Self-published authors can make between 40% – 60% royalties on the retail price of a single book while traditionally published authors usually make between 10%-12% royalties.

How can I raise money to publish my book? ›

crowdfunding! Many writers are now turning to crowdfunding to raise money needed to publish and market their book. Whether you need money for editing, the design of the book, printing, the marketing, or all of it, if there's enough interest in your book, you can raise some (if not all!) of the capital you need.

Do you get money if you publish a book? ›

Yes, you read that correctly. The AUTHOR pays the PUBLISHER to publish their book. The publisher owns the rights of the book for anywhere between one to five years, and the author doesn't get paid until after a six-month holding period when the book is published. Royalty payments from there vary.

How do self-published authors get paid? ›

A self-published author will pay to publish the work (often sourcing outside help such as editors and designers) and will then sell it using any proceeds to defray the initial outlay and in the hope of making a profit.

What is the best site to self-publish a book? ›

The 8 Best Self Publishing Companies [2024] (Retailers and...
  • Kindle Direct Publishing (Retailer)
  • Apple Books (Retailer)
  • KOBO (Retailer)
  • Barnes and Noble Press (Retailer)
  • Draft2Digital (Aggregator)
  • BookBaby (Aggregator)
  • PublishDrive (Aggregator)
  • IngramSpark (Aggregator)
Jan 8, 2024

What is the cheapest way to publish a book? ›

Ebook is the cheapest way to self-publish as Amazon, Lulu, Barnes & Noble Press, and other similar platforms don't charge a fee for uploading books.

How much does it cost to publish a book on Amazon? ›

KDP allows you to self-publish eBooks, paperbacks, and hardcover books for free. We give you direct access to your book on Amazon, and allow you to create a product detail page for your book.

How much do first time authors get paid? ›

Self-published authors can earn 40% to 60% royalties for the selling price of a book, while traditionally published authors typically earn 10% to 12% royalties. First-time authors willing to publish traditionally will receive a prepayment. This is usually $10,000 (not so much for first-time authors).

How much does Amazon pay authors for books? ›

KDP offers a fixed 60% royalty rate on paperbacks sold on Amazon marketplaces where KDP supports paperback distribution. Your royalty is 60% of your list price. We then subtract printing costs, which depend on trim size, page count, ink type, and the Amazon marketplace your paperback was ordered from.

How much do Amazon self-publishers make? ›

The average earnings for Amazon authors and publishers are different! Indie Authors: On average, self-published authors really don't earn all that much. Most new authors earn less than $500 per year, while experienced authors with multiple titles and strong marketing strategies can earn over $10,000 annually.

What is the average cost to publish a book? ›

What is the average cost to publish a book? The average cost to self-publish a high-quality book is between $2,000 and $4,000. Many authors spend a lot more or a lot less, depending on their marketing strategy and how much editing and proofreading they pay for.

Who pays for a book to be published? ›

If you choose to go the traditional publishing route, you most likely won't have to pay any up-front costs at all. That's because the publisher will cover the costs that it takes to publish your book, such as editing, design, formatting, and distribution.

Can you use GoFundMe to publish a book? ›

Whether you decide to hire an agent and try your luck at the Big 5 or self-publish with the help of professionals, starting a GoFundMe account will help you raise the funds you need.

Is it legal to self-publish a book? ›

Under U.S. copyright law, your self published work is protected as soon as you put the pen to paper. Copyright is based on your creative authorship and is not dependent on any formal agreement with a book publisher or self publishing company, although registration with the U.S. Copyright Office is beneficial.

How much do authors make per book on Amazon? ›

KDP offers a fixed 60% royalty rate on paperbacks sold on Amazon marketplaces where KDP supports paperback distribution. Your royalty is 60% of your list price.

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