How to be a book publishing entrepreneur

How to be a book publishing entrepreneur

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What is a book publishing entrepreneur, how do you become one, and how do you know if you already are one? There are benefits to becoming a book publishing entrepreneur if you’re interested in establishing a professional presence in the world of book publishing.

1. What is an “entrepreneur”?

First, we need to understand what an entrepreneur is before we can fully understand it in the context of book publishing. According to Investopedia, “an entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship.”

It’s common for entrepreneurs to be disruptive. Whether that’s within an organisation or within a market. They can also be stressed by lack of progress, organisational rigidity, long time frames, lack of results, and lack of stress. Yes, you read right – a lack of stress (or challenge) often stresses entrepreneurs.

I’m an entrepreneur. Starting my career in a government agency was disillusioning. A sagely government employee (who’d started just three years prior to myself), advised me “the way to get ahead is simply keep your head down – don’t rock the boat… It might take 15-20 years, but you’ll end up an executive with a huge pension fund,” and “If its not broken, why fix it?” The problem with that ethos was that I wasn’t interested in a pension and that it was indeed broken! It wasn’t for me.

1.1 Risk and reward

From my experience, entrepreneurs have a distinctive approach to risk and risk-taking. That is, they are comfortable with taking risks. Often, they behave in ways that others see as irrational. This is what I call the “entrepreneur x-factor” (EXF). From the outside, it seems that entrepreneurs are odd – but it’s what the entrepreneurs can ‘see’ that non-entrepreneurs can’t that sets them apart.

What entrepreneurs see is most often the reward for risk taking. The best entrepreneurs can also see the way that a risk can be managed and the steps that can be taken to achieve success. For many entrepreneurs, these steps and processes are like a game – an enjoyable game. They are not at all stressed with challenges or the obstacles between them and success. Great entrepreneurs are essentially creative, not so much in the artistic sense, but in terms of being able to conceive initiatives and solutions to problems. Faced with a obstacle, a good entrepreneur will muse “that’s okay. If it was easy, everybody would be doing it.”

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2. What is a “book publishing entrepreneur”?

A book publishing entrepreneur specifically is someone who see’s an opportunity (a reward) and is happy to embrace risk (money and time) to see a book published. This could be someone else’s book, or it could be their own.

Many self-published authors fit the entrepreneurs profile, but there are self-published authors who do not. Included in that are those who:

  • have purely artistic- or creative-bent agendas;
  • publish just for themselves (keepsakes) or for status reasons; and
  • have altruistic motives;
  • are risk-adverse and spend the lead-up and process to publishing a book constantly crunching numbers.

The rewards of book publishing entrepreneurship can be financial, reputational, or as a lever to promote a business.

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3. Are you already a book publishing entrepreneur?

See if you are entrepreneurial, take the quiz below:

Alternatively, here’s my very own short-list of qualifying questions:

  • Do you have a strategic or high-level view?
  • Are you good at finding competent people-resources when your expertise isn’t enough – can you let go of personal control?
  • Are you pragmatic, knowing “perfect is the enemy of good”?
  • Do you understand risk? Is taking risks financially or otherwise stress-free?
  • When you fail, do you learn and move on quickly?

Answered yes to those questions? Then you have the makings of an entrepreneur. And if you are an entrepreneur, then you can certainly be a book publishing entrepreneur.

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4. More about book publishing risk

If you don’t understand risk-and-reward, you are either not a book publishing entrepreneur or you are a poor book publishing entrepreneur.

Revisit our blog post, Self-publishing vs traditional publishing, to learn about the financial risk of publishing your book and see if you have what it takes to be a book publishing entrepreneur. The blog covers the risks of publishing your book across three avenues: self-publishing, traditional publishing, and hybrid publishing.

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5. The book entrepreneur’s toolkit

5.1 Be book market aware

Book entrepreneurs are book market aware. A good book entrepreneur scans the market to see what sells. This can be done by using industry data like Nielson BookScan (if you can afford it). You’ll be able to find what is selling best in which genres. Amazon is invaluable (nearly free) and by using browser plugins you can find a whole lot of valuable market information. Or as a book entrepreneur you can simply keep an eye on what genres are selling at WH Smith each time you pass through the airport.

5.2 Become a book packager

The one way that you can be assured that your book will sell is by adhering to this simple mantra: only build books for those that want it. One way to be certain whether your book has interest or not is to presell your book in volume while it is still in production. Don’t forget crowdfunding if you are short on capital. Crowdfunding is a legitimate way of pre-selling your book. Pozible – based in Melbourne – is a great Australian crowdfunding platform that you can use to presell your book and gauge the public interest early.

5.3 Use your book as a business lever

Using your book as a business lever (not necessarily for profit from book sales) is a great strategy. This strategy gives you the opportunity of you being recognised as a thought leader or subject expert. You can also use a book as a powerful part of a sales funnel and drive more traffic to your business.

5.4 Use a self-publishing service provider (SSP)

If you want to be assured that you are getting a professional result out of your book publishing process, you need to use a self-publishing service provider (SSP) like Green Hill. The worst thing you can do is to make your book look self-published – that’s the ‘kiss of death’ for any publishing enterprise. Unfortunately, this is almost always the case with projects that have been executed solely by the author. Whether that is the author doing their own editing, cover and typesetting design, and organising their own printing, or if they don’t cut the professionals they hire loose and allow them to properly do their job. Organising your book production through a SSP like Green Hill and allowing industry professionals the space to work their magic, your title if infinitely more likely to sit comfortably on bookshelves next to a Penguin or Hachette title. Do the math – use a SSP.

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Interested in publishing your book but unsure where to start or what is even involved? Tell us about your project and we will post you a copy of our:

 

The Little Book of
Big Publishing Tips.

 

In just a quick 8,000 words, this little book will equip you with the knowledge you need to successfully publish your book.

The Little Book of Big Publishing tips goes into the essentials of self-publishing a book, outlining the business and financial side of publishing, legal issues, design, editing, sales and marketing. There's even a section on how to identify a vanity-publishing scam.

Self-publishing vs traditional publishing

Self-publishing vs traditional publishing

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Self-publishing and traditional publishing are two similar yet distinct avenues authors can use to get their writing out into the world. While both publishing solutions offer authors the opportunity to share their work, self-publishing and traditional publishing differ significantly in their approach and processes and both can be beneficial in different ways.

1. What is self-publishing?

The appeal of self-publishing to authors is that they can maintain control over their book. It is up to the author to manage the whole process, from editing, book cover design, typesetting, printing, marketing, and distribution. The author is able to outsource the work to freelancers or an assisted self-publishing company to help them produce a more professional produce and assist them with a process they may not be familiar with. This is the difference between do-it-yourself self-publishing and assisted self-publishing. Self-published authors also typically maintain all the rights to their project and most of the royalties from the sales.

Some self-publishing endeavours can be nearly completely free for authors. This includes options such as KDP and Ingram Spark Publishing. However, if the author wants assistance with the production process, they will need to finance it themselves.

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2. What is traditional publishing?

The start of a traditional publishing endeavour for most includes the author submitting their manuscript to the “slush-pile” in hopes of gaining a publishing deal. Often authors submit their manuscripts through a literary agent to up their chances of being accepted. Once accepted, the author often receives an advance payment from the publisher that is later taken out of future royalties. The publisher will then put the manuscript through the necessary processes needed to produce a book: editing, book cover design, interior design, and then to marketing, print, and distribution.

With traditional publishing, the author maintains little to no control over the production of their book. To elaborate, the publisher will take over aspects including the editing, design—even the book’s title—to make sure that the book is marketable and appeals to a wide audience. The author also receives a smaller royalty percentage on each sale than the publisher as they have to cover the production costs and turn a profit.

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3. Another option: hybrid publishing

The lesser-know third option—hybrid publishing—is much like how it sounds. It is a hybrid model that sits somewhere between self-publishing and traditional publishing, combining elements of the two. With a hybrid publisher, the initial process will be very similar to traditional publishing, in that the author has to submit their manuscript for selection and, once approved, the hybrid publisher will undertake a variety of services such as editing, book cover design, interior typesetting, distribution, etc. The difference is that the author maintains more control over the process, like they would in self-publishing.

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4. Who shares the financial risk?

With any publishing endeavour, there is always financial risk involved. This is because no one can accurately predict how a book will act in the market—especially for new authors. Someone has to pay for the manuscript to go through the strenuous process of becoming a book, so who is it? First, you have to identify which type of publishing you’re considering:

Financial risk for publishing options diagram

4.1 Do-it-yourself self-publishing

While many DIY self-publishing platforms themselves offer free or relatively low-cost set-up, this do not mean that the production of the book is also free. Unless you are confident you can do everything by yourself, including editing, illustration, ISBN registration, book cover design, interior typesetting, marketing, and more, you will likely be paying for industry-trained professionals to help you with these tasks. This means that you will have to put in a lot and work and up-front payments while having no guarantee that your book will sell.

4.2 Assisted self-publishing

When employing the services of an assisted self-publisher, like Green Hill, you will need to pay for their services. This usually includes book cover design, interior typesetting, and ISBN registration. Some also offer editing, illustration, print, distribution, and marketing, though these might be extra to the initial package. The benefit of using an assisted self-publisher is that you can off-load much of the work compared to DIY publishing and instead be guided through the process. Be sure to do your research and find the best solution to you.

4.3 Hybrid publishing

In hybrid publishing, both the author and the publisher are financially viable for the production of a book, including the editing, book cover design, interior typesetting, ISBN registration, illustration (if needed), print, distribution, and marketing. In turn, they both also receive royalty payouts; the author will usually get a higher royalty percentage per book than they would with traditional publishing.

4.4 Traditional publishing

With a traditional publishing model, the author doesn’t contribute financially to the production of the book once the publishing house takes over. The publishing houses receive their financial compensation through the sales of the book and receive a higher percentage of the profits than the author does. This means that, while the production of the book is free initially, authors are not given a high royalty for each sale.

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5. Which publishing option is best for you?

There are a few factors to take into account when considering which publishing route is best for you, but some major ones to consider are:

  1. Finances
  2. Timeline
  3. Publishing goals

5.1 Finances

Self-publishing can be done for free, but if you want to hire professionals you may be looking at paying a few thousand dollars. Traditional publishers don’t require any payment from their authors, but your manuscript has to be accepted, which can be a long and arduous process. Then, once your manuscript is selected and published, you may not see any profit return as the publisher, retailer, and wholesaler will take their cut first.

5.2 Timeline

Timeline can be important for a number of reasons. Some wish to publish their book before a loved one passes, others need business publications by a certain date, and some want to publish strategically around major holidays like Christmas.

If you have a strict deadline, self-publishing is the route for you. With DIY self-publishing, you can do everything at your own pace, and the process is often still speedy with assisted self-publishing as long as nothing goes out of scope and there are no setbacks. Traditional publishers, however, can take anywhere from months to years to publish a book.

5.3 Publishing goals

A major factor of choosing your publishing avenue is your intentions for publishing. Below are a few of the most common and which service they suit best:

  • Reaching a wide audience: If your goal is to reach a wider audience, traditional publishing is likely the better avenue as they have strong distribution contacts and are trusted by retailers. Self-publishing on the other hand is often viewed with scepticism by bookshops regardless of the quality of the publication which may limit your audience reach. With solutions like Amazon KDP and Ingram Spark, however, this has made it easier for self-published authors to obtain global reach in the online market.
  • A business “pamphlet”: If you intend to give your book out to customers at your business, then self-publishing is the perfect solution. You won’t need marketing or distribution, just a professional looking product and access to a printer.
  • Financial compensation: If you’re publishing your book with the goal of reaping the financial rewards, the answer is a little more tricky. While self-publishing does boast a much higher royalty pay-off for sales, you have to put a lot of effort into marketing and in making sure your product is of a high quality. This often means hiring professional, and there is no guarantee your book will succeed. With traditional publishing, it’s likely that your book will sell more, but you will receive a very small royalty payment. Some traditionally published authors make virtually nothing from their book.

 

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The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Interested in publishing your book but unsure where to start or what is even involved? Tell us about your project and we will post you a copy of our:

 

The Little Book of
Big Publishing Tips.

 

In just a quick 8,000 words, this little book will equip you with the knowledge you need to successfully publish your book.

The Little Book of Big Publishing tips goes into the essentials of self-publishing a book, outlining the business and financial side of publishing, legal issues, design, editing, sales and marketing. There's even a section on how to identify a vanity-publishing scam.

A simple guide to image publishing for books

A simple guide to image publishing for books

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This is a simple, comprehensive guide about the basics every author needs to know before preparing image files for book publishing. In this blog post, “image” or “photo” applies to graphics and illustrations as well.

1. How big should images be to look good when printed?

The file size of your images can indicate the quality of an image regarding size and resolution. If your image has a small file size, it means that your image will likely print at a low resolution, meaning that it will look pixelated or blurry. Trying to force the image to span a whole page would make it pixelated and blurry.

File Size (KB) Image Size Maximum (px)
Less than 10 KB 32 px
10 – 30 KB 64 px
30 – 60 KB 128 px
60 – 100 KB 256 px
100 – 200 KB 384 px
200 – 500 KB 512 px
500 – 1,000 KB 784 px
More than 1,000 KB 1,024 px

Usually, images with enough quality to print need to be at least 1MB (1,000 KB). This again depends on the size that you want the image to be, as bigger images will need to have a higher resolution and will have more KB or MB. It’s always best to supply your publisher with as big of image files as you can. There are a few ways to ensure you do this, but we’ll discuss that a little later.

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2. Some information about “dots per inch” (DPI) for image publishing

Dots per inch or DPI refers to how many dots of ink per inch a printer will put in an image when printing. So, the more dots your image has, the higher the quality when reproduced. This also means that the less dots your image has, the lower the quality of the image when reproduced.

high dpi compared to low dpi

When printing, your images need to be 300 DPI to keep their quality and reproduce well. With this in mind, you must be cautious when sourcing images from the internet. Most images online (unless you download them properly from stock websites, etc.) are set at 72 DPI, thus they will not print at a high quality. Let your publisher know that you have taken images from the internet and keep the URL of these images so your designer can check the size and quality, or so that they can more easily find another alternative at a higher resolution.

For screen publishing (i.e. for eBooks and other digital publishing mediums), 72 DPI works fine as this is the standard DPI for screens. It’s still best to let your publisher know about any images sourced from the internet, however, as copyright infringement is a possibility.

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3. Colour modes: CMYK vs. RGB

You may or may not be unfamiliar with what “CMYK” and “RGB” means and how it relates to image publishing, so we’ll go through everything starting at the basics. CMYK and RGB are both acronyms of the colours that they use to make up the colours in an image. They are both different modes of colour that are best used for different things.

The acronyms are as follows:

CMYK

RGB

C – Cyan (blue)

M – Magenta (red-pink)

Y – Yellow

K – Black

R – Red

G – Green

B – Blue

RGB vs CMYK

Visual representation of the difference between CMYK and RGB colour modes

3.1 What colour mode should I use for print image publishing?

With advances in technology, the answer to “what colour mode should I use for printing” has changed. CMYK was once the only option for printed images as the inks that printers used was cyan, magenta, yellow, and black. Now, however, it depends on which printing press you use. CMYK is still best when using offset printing, while RGB is best when using digital printing. Make sure to talk to your designer and publisher to figure out the best printing solution for your publishing project.

3.2 Colour modes and DPI

The way that traditional printers produce images is by nesting dots of different colours together to make other colours. When offset printing, the printer will mix cyan, magenta, yellow, and black together in different ways to create the colours in your image. On the other hand, when digital printing, the printer will mix red, green, and blue.

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4. What are the different file types for images?

Depending on how you are looking to distribute your book (whether it is meant to be an eBook or a print book), there are different file types to understand for image publishing.

4.1 Preferred files for print image publishing

  • TIFF: A great alternative to Photoshop files (PSD). This file type is compatible with transparent images, layered files (i.e. files that have been adjusted in Photoshop or similar software), and RGB and CMYK colours.
  • JPG or JPEG: Designed to make large photos smaller through compression, while still keeping a higher image quality. If images are compressed too much, however, this can still damage the image quality. Be sure to check with your publisher about the specific file sized they prefer. JPG files cannot store transparency in images but can be either RGB or CMYK colours.
  • PSD: These files are almost exclusively created by and used in Photoshop. It can store transparency, different image layers, RGB and CMYK colours and is used by graphic designers and industry professionals. If you do not have Photoshop and are using a different software for your images or graphics, it’s best to save them as TIFF files.

4.2 Preferred image files for web/screen image publishing

  • PNG: Can store transparency well and also allows image compression like a JPG. It can only hold RGB colour, however, so PNG files are only good for web or screen use. You should supply your publisher with TIFF files, rather than a PNG.
  • JPG or JPEG: Designed to make large photos smaller through compression, while still keeping a higher image quality. If images are compressed too much, however, this can still damage the image quality. Be sure to check with your publisher about the specific file sized they prefer. JPG files cannot store transparency in images but can be either RGB or CMYK colours.
  • GIF: Used on the web for graphics and short, basic animated images. You shouldn’t supply your images as GIF files. Instead, use a TIFF file.
  • SVG: This file type can be zoomed in or out at any scale and not show any pixelisation. It’s great for web and screen images because of this, but it must be created in specialised software. A SVG can hold transparency, RGB and CMYK, and can also store layers.

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5. How to prepare and send your images for publishing

5.1 Do:

  • Provide original files: It’s best to give a publishing company copies of your original files, not to screenshot or print them out to scan them. If you’re worried about the amount of files you need to send, you can always compress them in a ZIP folder, or send them through a free WeTransfer
  • Source high-quality scans: If you only own a physical photo or copy of the image, you’ll need to get it scanned. Some home scanners do produce good scans, but it’s always best to go somewhere like Officeworks or similar to get your photos scanned at a high-quality. This will help to ensure that your image will print as best it can in your book.
  • Provide images with transparent content as TIFF files: Some image files don’t keep transparency or can’t be CMYK even if they do. TIFF files, on the other hand, are compatible with various software, maintain an image’s transparency, and can be stored as CMYK, making them perfect for printing.

5.2 Don’t:

  • Give your publisher screenshots or print-screen images: This reduces the quality of images substantially and opens you up to imperfections, like cursors or notification pop-ups, that will need to be removed. Any editing done to your images will likely cost you, so it’s best to steer-clear of these issues and just supply the original image files to your publisher.
  • Supply photos of images: Like with supplying screenshots or print-screen images, supplying photos that you’ve taken of printed photos reduces the quality of images substantially. This is especially true if you leave the plastic sheets over photos in an album when you take the photo. It’s best to scan the photos into your computer and send them to your publisher. If you don’t have a scanner at home, it’s possible to go to a friend or a library and see if they can assist you. Stores such as Officeworks also offer scanning services and can help you get the best out of your images.
  • Provide images with transparent content as a JPG or PNG: This was covered in section 4: Different file types, but it’s important to send files with transparency as a TIFF. This will save the designers in the publishing house time when working on your project and get your book out there quicker.
  • Send images below ### if you intend them to be full colour and large: If you want your image to look effective and be high-quality, you have to supply an image with the file size of 200 KB or more. Your designer will advise you of the quality of your images and how you can use them during the design of your book.

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The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Interested in publishing your book but unsure where to start or what is even involved? Tell us about your project and we will post you a copy of our:

 

The Little Book of
Big Publishing Tips.

 

In just a quick 8,000 words, this little book will equip you with the knowledge you need to successfully publish your book.

The Little Book of Big Publishing tips goes into the essentials of self-publishing a book, outlining the business and financial side of publishing, legal issues, design, editing, sales and marketing. There's even a section on how to identify a vanity-publishing scam.