By Ian Wishart
One of the things about becoming a self-published writer is the opportunities that open up for you, that don’t exist for authors tied to publishing contracts.
Take speaking engagements, for example. When you become an author, particularly of a life story or a self-improvement book, you become an instant expert – an expert on your life and the lessons others can draw from it, or an expert in the subject you are writing about.
Speakers can earn up to $5,000 for a speech to an invited audience, or alternatively you can sell your books at these events even when there’s no speaking fee.
An author tied to a publishing contract has to purchase their books from the publisher at the same wholesale price that bookshops pay, generally somewhere around $18 per unit. A self-published author can print their books themselves at somewhere between $3 to $7 per unit. Straight away, you are better off by up to $15 per book when you sell your copies at a speech.
Many international success stories, like Rich Dad, Poor Dad author Robert Kiyosaki, began by printing their own books and then selling them at speeches. Little venues at first, but as word spread the conferences became bigger and brighter. Then came the radio interviews.
Being a published author automatically gives you credibility with the news media and talk shows.
What about fiction authors? There are different opportunities here. Once you’ve published your book, you can pitch it to movie and TV producers. The rights to a story can be worth US$100,000, and if you bone up on how to write screenplays as well you can adapt your own work and earn up to US$250,000 as the screenwriter, if someone likes it.
At a more mundane level, the self-published fictional author earns a much higher revenue per sale than a traditional author (up to 70% instead of 10%), and you have the ability to sell the international rights to your books.
Need more information, or want to talk about your options? We can help. Email us at editorial (at) investigatemagazine.com