A Novel Business Plan by Avantika
Today, self-publishing has become a viable option for many aspiring authors. In theory, self-publishing allows the author to keep all the profits and have absolute control over the entire publishing process. In reality, instead of making money from their work, many self-published authors have sustained financial loss. A possible reason this occurs is because self-published authors are not aware that, fundamentally, the publishing industry is a business where issues like profit, loss and risk play as important a role as the quality of writing in the manuscript. Therefore, if you aspire to self-publish your work, you would be wise to create a business plan before you begin the publishing process. To make more sense of the steps described below, assume that you would like to self-publish 2,000 copies of a manuscript for a novel you wrote. In addition, for ease of reference, your business plan will be called ‘novel business plan’. The Executive Summary Normally, the ‘Executive Summary...