| For most people, publishing a book is a complete | | | | Even if you are fortunate enough to become a best |
| waste of time. I don't say this to deter you from | | | | seller, you don't get that much money. |
| publishing your work. Instead, I want to keep you | | | | That's why you should consider becoming an |
| from being disappointed. Let me explain why. | | | | infopreneur. |
| First of all, publishing the traditional way is an | | | | Take your same manuscript and do either one of |
| outdated business model. First of all, most | | | | two things. |
| manuscripts get rejected (about 99.9% of them). | | | | 1) Self-Publish: Publish your own books for less than |
| Secondly, it can take two to three years to get a | | | | $3 each. Sell them for $15 each and keep $12 or |
| manuscript published (if it is accepted). | | | | more per copy. That way, you earn six to 12 times |
| Next, traditional publishers are in the publishing | | | | (or more) per book than you would with a traditional |
| business, not the selling business. Just because a | | | | publisher. And, you can sell less books while making |
| company publishes your book doesn't guarantee they | | | | more money. |
| will spend even $1 trying to promote it for you. If | | | | 2) Create an eBook: Turn your manuscript into an |
| you're not willing to spend as much time marketing | | | | eBook. Sell it for $19.95. Keep 95% or more of the |
| your work as you did writing it, you shouldn't even | | | | selling price (less merchant credit card fees). And, you |
| try to publish your work. | | | | have no physical inventory. No shipping costs either. |
| Finally, most traditional authors receive between | | | | The only real exceptions to this rule are people who |
| 10-15% royalties on their book. And, that's not off | | | | are already best-selling authors and already have a |
| the retail price. That's off the wholesale price that | | | | large fan base. the other exception is fiction books. |
| the distributor or book store paid for the book. In | | | | Most infopreneurs produce "non-fiction" works. It |
| other words, most books generate somewhere | | | | would be more difficult to produce and sell a "fiction" |
| between fifty cents and two dollars for the author. | | | | eBook. |