Business for Authors: How to Be an Author Entrepreneur
Are you ready to take the next step in your author journey?
Art for the sake of art is important. Writing for the love of it, or to create something beautiful on the page, is absolutely worthwhile and critical to expand the sum of human expression.
But I’m not here to talk about creativity or the craft of writing in this book.
My aim is to take the result of your creativity into the realm of actually paying the bills.
To take you from being an author to running a business as an author.
I was a business consultant for 13 years before I gave up my job in September 2011 to become a full-time author-entrepreneur. I worked for large corporate and small businesses, implementing financial systems across Europe and Asia Pacific.
I’ve also started a number of my own businesses – a scuba dive charter boat in New Zealand, a customized travel website, a property investment portfolio in Australia as well as my freelance consultancy. I’ve failed a lot and learned many lessons in my entrepreneurial life and I share them all in this book.
In the last six years of being an author, through tempestuous changes in the publishing world, I have learned the business side of being a writer and I now earn a good living as an author-entrepreneur. I’m an author because it is my passion and my joy … but also because it is a business in this age of global and digital opportunity.
In the book, you will find:
Part 1: From Author To Entrepreneur
The arc of the author’s journey, definition of an author-entrepreneur, deciding on your definition of success and why it’s important as well as what you want for your life. Plus/ should you start a company?
Part 2: Products and Services
How you can turn one manuscript into multiple streams of income by exploiting all the different rights, various business models for authors and how to evaluate your own, information on contracts, copyright and piracy. Plus/ putting together a production plan.
Part 3: Employees, Suppliers and Contractors
The team you need to run your business as an author-entrepreneur. Your role as author and what you’re committing to in the business, as well as co-writing. Editors, agents and publishers, translators, book designers and formatters, audiobook narrators, book-keeping and accounting, virtual assistants. Plus/ how to manage your team.
Part 4: Customers
In-depth questions to help you understand who your customers are and what they want, as well as customer service options for authors.
Part 5: Sales and Distribution
How to sell through distributors and your options, plus all the information you need to sell direct. ISBNs and publishing imprints – do you need them? Plus/ your options for pricing.
Part 6: Marketing
Defining and reframing marketing so you feel more comfortable with it, as well as key overarching concepts. Book-based marketing techniques including cover, back copy and sales pages on the distributors. Author-based marketing around building your platform, and customer-based marketing around your niche audience and targeted media.
Part 7: Financials
Changing your mindset about money, and assessing where you are now vs where you want to be. Revenues of the author business and how to increase that revenue. Costs of the author business and funding your startup. Banking, PayPal, accounting, reporting, tax and estate planning.
Part 8: Strategy and Planning
What is your strategy for your business and why this is important. Developing your business plan. Managing your time and developing professional habits, plus accountability systems. The long term view and the process for becoming a full-time author if you choose that route. Plus/ looking after yourself.
Part 9: Next Steps
Questions from the book to help you work out everything to do with your business, plus encouragement for your next steps.
Appendices, Workbook and Bonus Downloads
A download page that accompanies the book includes a downloadable workbook with questions in from each chapter. There’s also a business plan template as well as hyperlinked lists of tools and resources to help you further.
The Appendices also include bonus interviews on money and how it relates to creativity, writing and life, as well as my own lessons learned over the last years as a full-time author-entrepreneur.