Some people are planning to their own books because of the benefits these can give them. By writing your own books, you will get recognition from readers from different parts of the world and earn a residual income easily. The only problem is, not all writers are given the chance at fame because of their books. Here are some real facts about on demand book publishing.
First of all, there are new books that are published every single day across the world. Each year, over 17,000 books are published though fine print or digital mediums that are either backed by publishers or self-published books. But unfortunately, over 90% will never get any world wide recognition. Most self-published books sells less than 200 copies.
The original way of selling books is through traditional publishing. Big publishing companies could buy an original work and claim the copyright as their own. The writer can receive a huge amount of money as royalty advance, but he could only earn 6-10% of the book’s retail price. In addition, it could also take many years before a big publishing company could actually like your work and buy it.
There are two innovative ways to publish new books for selling: the POD or print-on demand method and printing in bulk method. In POD, publishers will only print books based on consumer demands; while in printing in bulk, publishers will print books based on the given book quantity. Books published on POD are expensive than books published on printing in bulk; however books that are printed in bulk has to be sold later in time or the writer might get disappointed with having all his books untouched in his house. There are also some cases when book distributors don’t give royalties unless the books are sold.
If a new writer will get a POD publisher to sell books, he will get 10% - 50% royalty, depending on the book sales. Publishers get cither 50% or fewer shares, a portion to be used for paying printing fees, to every successful sale that the book gets. This does not include book retailers and distributors, which buy these books 45% off the retail price and could sell a little higher of the original price.
Self-publishing is the most rewarding publishing type, because the writer can earn up to 80% of his royalty. The only problem is that the amount of royalty depends on the success of the book. Unlike getting a publisher to print a book, the writer need to find ways to print, distribute and promote the books which can be hard work.
In the end, the success of the author lies in the quality of the written book and the marketing strategy that is implemented. Without both, publishing these books will be a failure even when using the finest publishing option.
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