How much is too much to pay for publishing a book?

We talked about this topic on From A Writers POV Ning Network. A lot of the members had different opinions about the subject but it is a good question since we are in such a difficult economy. Yesterday, I spoke about working and writing. I don't think many of us can offered to stop working to take on a hobby. If you can, that's great! But some of us can not. Since we all love writing so much, we must ask ourselves how much is too much to pay for publishing a book.

Depending on what route of publication you go with will depend on how much money you will pay. Traditional publishing, most of the time, doesn't cost a thing. They will pay you an advance because of the faith they have in your book. Self-Publishing costs. Most of the time. Their prices range from $200-$15,000. But, some Self-Publishing company's have add on packages and will cost extra. Traditional publishing companies do not have add on packages but it will take a long process for you to be accepted as one of their writers. There's a possiblity that you could get rejection letter after rejection letter whereas Self-Publishing or Publish on Demand (POD) will accept you instantly as long as you can pay for the publishing and add on packages.

So which is better? Well it depends on what you want and what your pockets are saying. My advice is to not spend a lot of money on publishing if you are a new writer or still trying to get your feet wet in the business. I say this because when you invest thousands of dollars into a book, there's no guarantee you will make that money back. There's no guarantee you will become a best seller within the first 2-3 years of writing. The hardest part of publishing and being a successful author is not the amount of money you put into your book but how much advertising you do. You can spend thousands of dollars on a book but it will go no where if no one knows about it. You can find a traditional publishing company, they accept your book, you sign the contract, they pay you $5,000 in advancement, the book is published, they do all they can to market you but if YOU are not marketing yourself and advertising your work, your book will go no where.

I advise anyone in the writing business to put your hard work into advertising your name and your book and start using all that money on advertisement. Getting a book published is easy. Anyone can make a book. Getting it noticed is the hard part!

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Signing Off,

Dominique Watson