About once a month, someone asks me to publish their book for them. Usually the people are just not quite sure how publish a book or what they need to do to publish a book. In January 2016, I created a how-to guide. In April, I updated it to give contact info on the editors, proofers, cover artists, and formatters that I use. So, I just hand these out now.
However, once in a while, it’s tempting to say Yeah, I’ll publish your book. It’ll cost you $300 up front, then 30% of your royalties every month. Which is in fact a better deal than what most publishing companies offer.
It works great unless the author is a complete flop, but that’s what the $300 is for, cover some of my initial costs. Also, it’s proof that the author is serious about publishing a book.
I could agree to publish for no upfront costs and charge 50% of their monthly royalties. But again, that only works if the book isn’t a flop.
And therein lies the real problem. Most of the authors I’ve read that I liked are not the ones asking me to publish them. I’m sure some of them would sell, but not all of them that I’ve read are going to make money.
On the flip side, I know it’s hard to indie publish. There’s all sorts of things that have to be done and paid for. It’s not cheap. Most authors are begging for reviews until they get to a point where they are selling 100 books a day and reviews not only help sell books, but they are required for some advertisements.
But I worry about investing in some of my own books sometimes. Investing in other people’s books is even more problematic. I think I’ll just continue to hand out my guide to publishing.