Where Is The Easy Part of Publishing?


By Terry Whalin (@terrywhalin)

Like an imaginary airline named EasyJet, I meet many authors who are looking for the easy aspects of publishing. Im going to give you the truth upfront: it doesnt exist. After being in this business for years, each aspect of this work contains aspects where your book can crash and not succeed. The unfortunate fact is many of these details are outside of anything the author can control. But dont worry. In this article, Im going to give you some insights and resources for your publishing journey--in particular follow my links in my bio at the end.

In the last ten years, the publishing world has changed. In the past, self-publishing was the poor stepsister to traditional publishing. These self-made titles often looked poor and were not accepted in libraries or bookstores. As book production has improved, this attitude is shifting. There are still poorly made self-published books and the average self-published title sells less than 200 copies during the lifetime of the book.

My bent in this area is to get the largest distribution and produce the best book you can produce. It’s why I continue to encourage authors to create a book proposal and work with traditional publishers as well as explore other models like Morgan James Publishing (where I’ve worked for over ten years).

While there are many ways and companies to help you create your book, at the end of the day, the key question relates to sales of that book. Is it selling? Are people buying it on a consistent basis? Are you as the author promoting your book consistently? One of the best ways to learn about publishing is to consistently read how-to books about writing or marketing. As you read these books and take action from the information, you will grow as a writer. I’ve got stacks of these types of books that I read.

Books that last and continue to sell in the market are rare. Traditional publishers are known to be fickle in this area. I have seen it when I’ve worked inside publishing houses (not Morgan James). You work hard to get a book published and into the market, then for whatever reason it does not sell, then a publishing executive writes a letter to the author or literary agent and takes the book out of print.

New Books Need Reviews

Several weeks ago, I was skimming on Facebook and noticed one of my author friends was talking about a new book. I wrote this friend and offered to review her book. She was going to ask her publisher to send me a book. I promptly pressed on to something else and almost forgot about it. Then the review copy arrived this week. I’m eager to write a few words of review to help my friend.

The publisher launched this book on March 1st. As a part of my process of getting ready to review this book, I checked the book page on Amazon. Nine days after the launch, it looked like my review was going to be the first one. There were no reviews for this book. Reviews are important to every author because they are social proof that readers love your book. It’s why I work as an author to ask others to review my book and also review books for others on Amazon and Goodreads.

I emailed my author friend about her lack of reviews. Now this author has sold thousands of copies of some of her other books. She has a full-time job—not as an author. Despite her years in publishing, I found her response interesting. Her email blamed the lack of effort on the marketing department of her publisher.

One of the best ways for you to take responsibility is to create your own marketing plans. Whether you self-publish or have a traditional publisher to get your book into the bookstore, these plans are important. Whether your book is launching soon or has been out for a while, you need to be creating and executing your own marketing plans.

A marketing plan from the author is a key element in every book proposal. The proposal is your business plan. If you have such a plan, are you taking action to execute it? Does your plan need adjustment and updating?

It Takes Author Activity to Sell Books

Before I began working inside a book publishing house, I had written more than 50 nonfiction books, ranging from children to adult books. I have only self-published one book  and in general worked through traditional publishers.

However, I was unaware of the financial production numbers for nonfiction books and I found it shocking—and something critical for potential authors to understand. The author never sees these figures for their books as the publisher doesn’t reveal them throughout the contract negotiation process. A publisher will produce these financial calculations as simply a part of good business practices. As an author, understanding these numbers helped me see publishing as a business. Authors have huge amounts of time and emotional investment in their words. When I saw these production numbers, I understood that the publisher, not the author, has the largest out-of-pocket cash investment in a book.

Inside the publisher, the editor will gather a sales projection about how many copies the sales department believes they can sell of your title the first year. That sales figure will be used to calculate the production costs of ink, paper and binding for various amounts of printing (5,000, 10,000 or 15,000 copies). As the initial print number is raised, the cost per book decreases.

You may ask, “So why not print a large volume each time?” The answer is, if the publisher prints a large number of copies, then he has to store those copies in their warehouse (read cost and expense), plus make sure they actually sell those copies within a year’s time frame. The cost of tying up financial resources in storing and warehousing books that aren’t selling is large. Also the federal government taxes publishers on each copy in storage. These tax rules have forced publishers to think long and hard about how many copies of each book to print.

Inside my former publisher, we calculated the overall printing details of the book (paperback with general publishing look or hardcover with jacket) and the number of books to print before offering a book contract. In short, publishers pour a great deal of work into their books and financial projections before they call you and offer a book contract. Understanding this process helps you see some of the reasons it takes such a long time for an author to receive a publishing contract.

Many writers focus only on the creative aspects of writing a book and getting it published, but the executives inside a publishing house are businesspeople who want to sell books and turn a profit at the end of the day. It’s a delicate balance between creating the best possible product and assuring that each product has the best opportunity to sell on the market and reach the target audience.

Tweetable:

Many authors on the publishing journey, wonder, “Where is the easy part of publishing?” This prolific writere and editor gives authors the honest answer and resources. (ClickToTweet) 


W. Terry Whalin, a writer and acquisitions editor lives in California. A former magazine editor and former literary agent, Terry is an acquisitions editor at Morgan James Publishing. He has written more than 60 nonfiction books including Jumpstart Your Publishing Dreams and Billy Graham. Get Terry’s recent book, 10 Publishing Myths for only $10, free shipping and bonuses worth over $200. To help writers catch the attention of editors and agents, Terry wrote his bestselling Book Proposals That $ell, 21 Secrets To Speed Your Success. Check out his free Ebook, Platform Building Ideas for Every Author. His website is located at: www.terrywhalin.com. Connect with Terry on TwitterFacebook and LinkedIn.

6 comments:

Karen Cioffi said...

Terry, excellent article. Many authors are starry eyed when it comes to getting their books published. Getting a glimpse of what's involved will help them set more realistic expectations and realize they're largely responsible for promotion.

Terry Whalin said...

Karen, Thanks for this feedback. There are many challenges for each of us in the publishing journey--persistence and our consistency are important--and yes we have to do our own promotion as we can do it.

Nina said...

Thank you for this insider information. I agree, that every author, if they self-publish or have a traditional publisher, needs to have a marketing plan! We must take time to do self-promotion. Unfortunately, most writers don't want to hear that. LOL. But if you don't put about 50% of your time and energy into the business-end, it is doubtful that you will be successful. Writing is a business and your book is your product. I will share your article.

Terry Whalin said...

Nina, thank you for this comment--and you are exactly right that when you publish a book, it is a business decision--no matter how you do it. I will often say that making books is easy (and it has it's own challenges) but selling books is hard. As I pointed out in this article, each aspect of publishing involves careful decisions. The details matter.

Linda Wilson said...

I had to laugh at your title, Terry! It's amazing how few people realize what it takes to write a book, publish it, much less market it! Thank you for sharing your expertise. It is very helpful.

Terry Whalin said...

Linda, thank you for the feedback on my title and article. It is called work for a reason--and it takes work but with work you can succeed.

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