Silverhand said:
I am not to this point yet, but I imagine that if it comes down to shelving my novel completely or POD I will take the latter.
My question to the authorities is how much venture capital will I need if I am going to go the Self Publishing route?
I was thinking around $2k-$5k.
And, has anyone heard any solid strategies to make a self-published book successful? Obviously, I understand if it is good it will sell itself, but I am talking about marketing. How much should a smart POD author buy for a first run? What percentage of their venture capital should be invested into marketing? Are there any strategies for creating business with the large bookstores? Should I concentrate on direct sales or should I go to bookstores? etc etc
Here's my experience:
In 2001 after a couple of years immersed in writing short stories, I decided to self-publish. I read widely about the options. POD was just ramping up then, but it had a bad rep; maybe it still does, I'm not sure about that.
Anyway, I decided, after reading Dan Poynter's "The Self-Publishing Manual" to do the job myself. My reasons? I was more than a writer with faith in my short stories; I was an experienced salesman with a going wholesale business and my own web server. I had all the fulfillment stuff there--UPS, FedEx, mails, phones, fax, office stuff. I also had a customer base of about 300 resellers who I did some repeat business with. In other words, I had a network, even though it wasn't literary in nature. Still, some of those folks read fiction.
I spent about 3400. Bought a piece of artwork from my famous watercolor artist sister, hired a copy editor to go over the text, hired a printer, hired a graphic designer to layout the covers, get the ISBN, etc. My job besides the writing? To sell books. (the books, btw, came out great--beyond my expectations, except, you know, a few errors got through, mostly formatting) I had TOTAL control. The plus? I'd keep ALL proceeds from sales--my royalties were 100%. I calculated a sale price and a break even point--that is, how many I'd need to sell to break even, which was estimated at 178 copies sold.
Now, short story collections aren't the easiest to sell. Forget agents--they won't touch you unless you're Steven King. Forget direct to publishers.
Over the next two years I sold about 220 copies, about 10% of them at discount prices in quantity. I sold to customers, neighbors, friends and direct online to my website. I also mailed out free copies to about 100 independent bookstores across the country. I've received tons of compliments on the cover and the stories.
Bookstores? Mostly I struck out. A few in some local stores. I even "salted" a few copies in some bigger stores. Meaning, I walked in with a couple copies and left them on the new fiction tables. ha. Well, that was mostly for fun.
Since breaking even, I mostly give the books as gifts, although I sold a dozen at my garage sale last summer. I closed my business a year later so no longer have the great network.
Would I do it again? Perhaps. But I'd prefer to do novels and try for an agent/publisher. Selling is hard work. I'm not sorry I did one, but it's swimming upstream with fiction especially. Amazon maybe sold 2 copies in all that time.
Tree House Tales by DH Henry (my old pen name).
Sadly, no. Books, no matter how good, don't sell themselves. But the self-publishing thing has a long and storied tradition in American literature. POD? For me there would have been less motivation to sell because there would have been no inventory staring at me. And, I doubt seriously that the quality of the product would have been as high as what I was able to do.
Dave