May 25, 2016
One distinct trend is that there seem to be distinct themes in terms of self-publishing books, self-publishing for profit and self-publishing for quality.
While these two aims aren't mutually exclusive, there are definitely two schools of thought regarding self-publishing, those people who want to self-publish books to make money and those who want to self-publish to create a really fantastic product. This is subtly different from the distinction between business and a hobby. To achieve complete success on either path then you will need to run your self-publishing exercise like a business, but to begin with the hobbyist path provides an opportunity to try things out and achieve initial success.
In this episode I consider what I've learned in terms of self-publishing for profit, that is the objective of making money from self-publishing books.
As any half-decent business person knows, you make a profit by earning more money than you pay in costs (in strictly accounting terms this is actually cashflow, but in layman terms this is correct). So to self-publish for profit we need to ensure we pay as low costs as possible and make as much money as possible.