In his 2013 Book Publishing Industry Predictions, Smashwords founder Mark Coker included this warning for aspiring writers: “In the self-publishing gold rush, more money will be made in author services than in book sales.”
All independent writers need to remember this advice as we head into the new year. We asked How Much Should Self-Publishing Cost? in November and received a wide-range of responses. Indie authors can pay everything from nothing to $50,000 in an effort to publish their work.
Here’s more from Coker: “With the shift to self-publishing, writers must carry the publishing burdens once borne by traditional publishers, such as the cost of editing, proofing, book production, packaging, and distribution, as well as backoffice tasks such as accounts receivable, accounts payable and year-end tax reporting … With this burgeoning demand for professional publishing services, thousands of service providers will open up virtual author services shops in 2013. The challenge for writers is to procure the highest quality services at the lowest cost. Plenty of scamsters and over-priced service providers will be standing by to help.”