Booknolia

In my previous two blog entries, I mentioned the first two steps to becoming a successful author:

1. Writing the book (or at least a book proposal).
2. Publishing the book (self-publish or traditional route).

The third step is the step that most authors fail to do. They believe that once they publish the book, they’re done. “The book will sell itself,” they expect. Or, “The publisher will market and sell the book for me.”

Wrong.

The third step to becoming a successful author is promoting the book.

The best book on book promotion is 1001 Ways to Market Your Books.

Today publishers are like venture capitalists: they place 10 bets and hope one will be a homerun. Although some VCs will put some sweat in the game and work hard to make a company a success, most will just sit on your Board of Directors, give you general (and sometimes useless) advice, and they will depend on you to execute.

Similarly, for every 10 authors a publisher takes a chance on, they hope one will hit it big. The publisher will do little, once the book is published, to ensure its success. They will dole out some advice, perhaps put you contact with a few folks, but ultimately expect you to do 99% of the promotion.

In short, the publisher just edits the book, does the layout, designs the cover, and then makes it available through the distribution channels. Although this is all useful, notice that marketing and promoting your book isn’t part of the package.

There is one exception: the publisher will bring out the heavy marketing artillery when they have given the author a beefy advance. For example, if they give you a $200,000 advance, they need to make sure that the book earns its advance. That means it has to get on the bestseller lists. Although an advance is based on future royalties, the author doesn’t have to return the advance if the book is a flop. Therefore, the publisher will put the author on a book tour, get them on radio, and make sure reviewers review it. Otherwise, the publisher won’t recoup its investment.

However, most first time authors get only a $10,000 advance. The publisher is unwilling to throw more money at an unproven author. In its mind, the $10,000 advance and the printing costs is a big enough bet. The publisher hopes that the author can gain enough traction and organic success without any further investment. This is similar to an angel investor providing seed funding to a startup. It’s just enough money to prove the concept. If it looks promising, they might throw more money at it and replicate the success elsewhere. If it doesn’t take off, they will cut their losses and let it fail.

Therefore, a first time author must be prepared and willing to do most of the marketing and promotion, even if Random House is publishing the book. This means organizing a book tour, trying to get on radio stations, sending review copies to potential reviewers, writing articles about your subject, and using the power of word of mouth marketing.

This is where Booknolia comes in. Booknolia is a platform where authors can promote their books for free. It’s a website that attracts readers who want to find their next book to read. It’s a place where fans enjoy discussing and meeting new authors.

Booknolia is particularly attracted to authors who have written works in one of these four non-fiction categories:

1. Religion
2. Politics
3. Science
4. Self-help

Whether you’ve written a book in of those four broad subjects or some other subject, we want you to join Booknolia. Contact us to see the special incentive Booknolia is offering you to join our community!

As I mentioned in my last blog, the first step to becoming an author is to write the book. However, it’s a common myth that your labor ends there. Writing the book is an important first step (if you write non-fiction you only need to write a couple of chapters and a book proposal). However, the second important step is getting published. There are two ways to get published:

The traditional route

This involves finding an agent, or, if it’s a small publisher, contacting the publisher directly. Big publishers (e.g., Random House) won’t talk to you unless you have an agent. Small publishers will consider drawing up a contract directly with the author. The advantage of this route is that you get immediate distribution and credibility. The disadvantage is that most first time authors don’t get any marketing support from their publisher and you get a poor economic deal. To go this route, pick up a book like The Writer’s Market.

Self-publishing

There are three ways of doing this:

The first (and the easiest, with the least capital outlay) is to use a Print On Demand (POD) publisher. There are several to consider, including Lulu, Blurb, iUniverse, Lightning Source, and AuthorHouse. The advantage is the low capital costs and the turnkey solution. The disadvantage is that there is limited upside potential and many bookstores won’t stock the book because you won’t be able to offer it at a sufficient discount.

The second way is to create your own publishing company and outsource whatever you want (e.g., cover design, internal layout, editing). You’ll need to spend at least $10,000 to get the book printed in quantities that are meaningful (at least 3,000 copies). The advantage is that your per book price is low and so if you sell out all your copies, you’ll make a lot of money. The disadvantage is that you have to be good at business and capable of spending up to $20,000. Buy The Self-Publishing Manual if you’re interested in this route.

The third way is to publish an eBook. The market for eBooks is doubling every year. The advent of Amazon’s Kindle device (along with the Sony eBook Reader) is making eBooks more popular than ever! The advantage is that it won’t cost you much to make your book available digitally. The disadvantage is that you will be limiting the exposure of the book since most people still prefer a traditional physical book.

Which is the best way to get published? Join Booknolia and ask our authors! Authors at Booknolia come from all backgrounds. Some of gone with the traditional publishers, others the self-published route.

Congratulations on writing your book! Now go get it published! In the next entry, I’ll share step three to becoming an author.