I have been giving more than a little thought, as of late to the concept of:
Self-Publishing and ...
By that I mean how you can actually make a living. For those who believe that they can make a living solely off the profits from one self-published book, I am curious as to the weather on your planet. As I see it, you have several options:
- Publish multiple, branded books that feed into each other.
- Publish multiple books (but likely will need to be more than in 1).
- Publishing and... (where "and" is all sorts or related ventures).
Successful people in this business do more than one thing. I am not quite to the point where I am what I would call successful, but this is what I do:
- Publish books and other things (2 books out in 2009).
- Manage a successful website (about online high schools) with Google Ads & Featured Ads.
- Use Google Adsense program.
- Use other affiliate programs (including Amazon Associates).
- Write articles.
I know that there are people who can knock out a book every few months and that works out well for them. It doesn't for me, so I need to have multiple passive revenue streams. I think most people need to have some things going on that relate to their books, that support their books, but that also bring in money.
Here's my reality: I make more money from that website than I do from publishing alone. In other words, the combination of books sold on that website and Google Adsense and Featured ads is more than just books alone.
And I am okay with that.
I do know that there are some people who want to solely be book publishers. I think the model is shifting and, looking at the economy, shifting in such a way that you want to get out in front.