Being a self-published author means more than simply writing a book and making it publicly available. A self-published author is a one-person publishing firm. It requires all of the appropriate skills from writing all the way through to marketing. If you want to be a successful self-publisher then you’ll need to learn how to develop and enact a business plan.
Every good business plan starts with an equally good mission statement. Think of this as the thesis of your business plan. If you articulate your mission clearly from the start then you’ll always have a good foundation to stand on when in doubt. Start by asking yourself why you’re writing the book in the first place. Is it for money? To leave a lasting legacy? To establish yourself as an author so you can get a real agent? Answer this question, create your mission statement, and begin the work.
One of the first steps you should take as a self-published author is raising money. Whether you need the funds to help support yourself during the writing process or whether you’re raising money for the self-publishing process, it’s an important step to take so that you can make this entire plan work. There are many options available for raising money such as using crowdfunding sites like Kickstarter, PubLaunch, and IndieGoGo. You’ll be amazed how much money you can raise using these methods!
Next you’ll need to consider your sales strategy. There are many options at your disposal like POD sales, eBook sales, retail sales, and back-of-room sales. Knowing how you want to sell your book will help you determine how much money you’ll need and how much of an effort you’ll need to put forth.
To learn all about formulating your self-publishing business plan, check out the full article below!
Read the full article here: Developing A Business Plan As A Self-Published Author
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