Derek Murphy did a good job of addressing this as You Tube. I’m putting his video in this post so you can watch it if you want.
I have a lot of respect and admiration for Derek. I’ve never met him, but he has a lot of good advice and better yet, he’s a likable person. There might be something he says that will resonate better with you than what I have to say. Also, if anyone has any tips that neither of us thought of, feel free to share in the comments below.
Okay, so here’s my two cents on how much it costs to publish a book.
In a nutshell, it doesn’t have to cost much at all, especially if you’re willing to do the work yourself. I’ve done my own covers, formatting, bartered for edits, gotten beta readers’ input, done my own book description, and uploaded the book myself in the past. I’ve also hired out for covers, formatting, editing, and book description. In the beginning, I did more stuff myself because back in 2008-2009, very few people were offering any services in self-publishing. From 2002-2008, I was using vanity presses, and those got expensive and sold very few books. I would not recommend using a vanity press under any circumstance.
I completely agree with Derek when he says you want to make more than you spend. That’s the goal. I’m not even talking about making a living at writing. I’m talking about earning more money than you spend in publishing. So if you aren’t selling much, I would do as much on my own as possible. Since I’m losing income, I’ve gone back to doing more myself.
Let me break down my expenses on one book if I did most of the stuff myself.
I have a program called GIMP that I make covers in. It takes time to learn it. Once you get the hang out of it, it’s a slick and easy program. You Tube tutorials are great for this. Plus Joleene Naylor made these this post on it, and she made a post on Six Facebook Cover Creators,. GIMP was free when I got it way back in the day. I think it still is. Thanks to Joleene for telling me about it!
So then I buy a stock photo or two off of a site like Dreamstime.com or Shutterstock.com. There are others, but I use these the most. Make sure you do “royalty free” photos. Usually, the cost is about $15-$20 for me. I like to use two images (one for upfront and one in the background), but I have done one photo.
Sometimes finding good time period images for romance novels that is hard on the sites I listed above. They’re getting better, though. But I will go to Period Images or Hot Damn Stock. (Those are my personal favorites.) These images are usually between $20-$75, depending on what you get.
So total cost is about $90, and that’s on the high end.
I can format ebooks and paperbacks myself, so it’s $0.
I made a pdf document years ago on how to format a paperback. Here’s how to format for CreateSpace. It’ll work for KDP paperback, too.
There are word programs that will make the ebook format for you, too, but I’ve never used them so I’m not going to recommend any. I use the Word program that is compatible with Mac. I have a blog post with a detailed step-by-step process on how I format my ebooks.
If you barter services, this can be $0.
Find someone who is really good at proofreading if you want a quick proofread. If you want something where a person looks at the overall book (pacing, characterization, etc), then pick someone who is an avid reader in your genre and ask them to read it. But give these people something in return for their time. Maybe you can offer to do their cover or format their book. An avid reader might love having a signed paperback version of the book when it’s published. Get creative.
This can be $0.
Not sure how to make a good book description? This can be very difficult. I struggle with this area the most. Here’s a You Tube video via The Creative Penn and Bryan Cohen on this topic.
You can also get feedback on your book description from your beta readers, other writers, family/friends. But in my opinion, the very best person to know if your description hooks your ideal audience is to pitch the book description to an avid reader of your genre.
Publishing the Book
I do this myself so it’s $0.
If you follow the instructions on KDP Amazon, Nook Press (Barnes & Noble), Kobo, iBooks (Apple), Smashwords, or Draft 2 Digital, you should be fine. It’s easy to do. I like to upload to KDP Amazon and Smashwords. I let Smashwords distribute to the other channels for me. (When I do the post on formatting an ebook, I’ll do it according to Smashwords’ guidelines. After battling with that format for years, I finally figured out he easy way to get everything approved for premium distribution on the first try.)
Total cost when I do everything myself and/or barter services for editing is $90.
So for under $100, you can publish a book. (I recommend having someone proof your book, but it doesn’t have to cost anything if you offer them a proof in return, do their cover, etc.) Like I said, get creative.
But let’s say you don’t want to do everything yourself or barter services. Then how much are we looking at?
I’m going to go on the high end in this example.
You might want to buy the images yourself so you own them, but you can get a good cover artist for an ebook can range from anywhere from $95-$300. This may or may not include the paperback. That’s what I usually pay. For the sake of this discussion, let’s say I pay $300 for a ebook and paperback cover combo, and we’ll add the cover artist bought the stock photos to use on the cover.
You can find pre-made covers here. I found two very awesome cover artists through this site. One is Yellow Prelude Design. The other is Love Books Daily. Also, we have a list of cover artists and other services on this blog post.
This can cost anywhere from $50-$300 depending on who you get. For the sake of discussion let’s say $200 for paperback and ebook.
This varies, too. I don’t personally recommend a developmental editor. I think an avid reader (aka beta reader) in your genre is the best person to say whether or not your book is going to “wow” our target audience, but I know people who’ll argue with me. So take my input with a grain of salt.
I do, however, highly recommend a proofreader. That will vary depending on how long your book is. I’d say budget anywhere about $100-$500 for this. This will also depend on how much work the proofreader needs to do. The cleaner your manuscript, the cheaper it should be. If the proofreader ends up
I go with Lauralynn Elliott for this, and she know the grammar rules very well, and she’s good with picking out typos. Plus, she’s super nice. I also have her do my paperback formatting for me, so I pay more than you see on her rates.
For the sake of this discussion, let’s say this costs $300 for a 60,000 word book.
I have used Bryan Cohen’s service for this in the past, and he does a wonderful job. His prices range from $297 for about a month to $479 for 2 weeks. These prices are current as of June 13, 2018.
I always do this myself, and it’s really not that difficult, so I’m still going to say this is $0.
The total then comes to about $1000-$1500. So if you go all out and get “the works”, that’s what you might be looking at in expenses. Some people pay more than that, but, personally, I don’t see the need to pay more than $1500.
I just thought of author assitants. I don’t have one, but I hear a good one can cost anywhere from $15-$25 an hour. So I suppose that’s another expense you could factor in if you hired an assistant to help you publish a book. If you had an assistant do all of this for you, including uploading, I have no idea how much that would be. It depends on how many hours the assitant needs to get everything done.
This doesn’t factor into any marketing expenses that happen after the book is out. It also doesn’t factor in taxes you might owe on the money you make from selling your books. My advice (for what it’s worth) is to do as much yourself as possible or to barter as much as possible if you’re struggling to get sales. If you make enough money to cover your expenses and have a nice profit, then outsourcing these things to get a book ready for publication makes sense since it’ll free you up to write more. You’ll have to take a look at your own income and expenses and figure out what works best for you.