A comparative analysis and proposal Prepared by: Autumn Rose White TWR 2000 Assumptions You: Are Canadian Have an established web-presence and fanbase Don’t need a lot of marketing assistance Wrote a black-and-white fictional novel (100K words) Have rejected traditional publishing Want to sell as many copies of your book as possible Have a $5,000 budget Overview The Companies The Comparison • Services • Price • Relevance • Return on investment • Royalties vs. commission • Control • User reviews • The good • The bad • The ugly Self-publishing context Financial risk = control of the product When self-publishing, you own the financial risk, and you control the product Self-publishing companies give access to publishing expertise Use their services to offset and complement your own strengths and expertise Self-publishing services Production: Converting your writing into a sellable format Editing, cover design, page formatting, printing copies, etc. Distribution: Getting your book onto physical/electronic shelves National/international, and electronic or brick and mortar bookstores Marketing: Promoting your book Website, publicist, book trailer, press release, etc. Service comparison Basic services $0 ISBN registration, cover design-wizard, conversion to ePub, binding and paper options, distribution on Lulu Marketplace, Amazon.com, BarnesandNoble.com, and Apple iBookstore Cover design $599 Have a marketing professional design your cover Copyediting $2,300 Grammar, spelling, punctuation Word to ePub publishing $325 Professional assistance in formatting your eBook GlobalReach distribution $75 Includes your book in the Ingram catalogue (used by major retailers) Regional book fair $1,399 Press release, book displayed face-out and listed in exhibit catalog, fullpage black and white ad, and inclusion in the publisher directory TOTAL $4,698 Budget variance $302 Service comparison Advantage package $499 Three cover and two interior templates; paperback and eBook; one free copy; ISBN; worldwide distribution; book and author pages on Xlibris bookstore; 10 bookstubs Copyediting $1,100 Grammar, spelling, punctuation Basic cover design service $349 Custom cover designed by a professional Bookstore returnability $699 Twelve-month term; bookstores can return books through Ingram, increasing attractiveness to brick and mortar bookstores Channel availability and distribution $499 Your book will be listed in the Books in Print® database, making it available for purchase through Ingram and Baker & Taylor (book wholesalers in the U.S.) Online book search $99 A link to buy your book will be provided on BarnesandNoble.com, Amazon.com, and Google.com Regional book fair $1,199 Press release, book displayed face-out and listed in exhibit catalog, full-page black and white ad and inclusion in the publisher directory Marketing professional kit $399 Five posters, five bound galleys of your book for reviewers, press release, 100 each of postcards, bookmarks and business cards TOTAL $4,843 Budget variance $157 Service comparison eBook conversion $0 Convert from Microsoft Word format to nine different eBook formats Distribution $0 Apple iBookstore, Barnes & Noble, Sony, Kobo, Baker & Taylor, Diesel, Page Foundry, and libraries Data updates $0 Unlimited updates to book data and metadata at any time Consolidated sales reporting $0 Data on sales from all stores in one location for easy reference and tax-reporting Author space on Smashwords website $0 Author webpage and bio, listings of published works, webpages for individual books, support for embedded YouTube videos, membercontributed reviews, author favouriting, integration with social bookmarking and social networking, and Smashwords coupons TOTAL $0 Budget variance $5,000 Return on investment Profit breakdown How much of the profit is paid to you (royalties)? How much of the profit is kept by the company (commission)? Price control Can you set your own retail price for your book? Transparency Is the company upfront about their cut of the profits? Return on investment comparison Full control over price Transparent breakdowns of profit Commission: 20% (print) / 10% (digital) of profit Royalty: 80% (print) / 90% (digital) of profit No control over price without add-on service ($249) No breakdown of profit provided Commission: Not specified Royalty: 25% of retail (increases to 100% of profit with add-on ($1,599)) Full control over price Transparent breakdowns of profit Commission: 15% (digital) of profit Royalty: 85% (digital) of profit Commissions vs. royalties Black and white, digest-sized paperback with perfect binding; 100 pages long, publisher grade paper Manufacturing cost estimated at $4.30 Breakdown Retail Price Manufacturing Cost Profit Comission % of profit Royalty % of profit Lulu Print $15.99 -$4.30 $11.69 -$2.34 20% $9.35 80% Digital $15.99 $0.00 $15.99 -$1.60 10% $14.39 90% Xlibris (default book price) Print Digital $15.99 $15.99 -$4.30 $0.00 $11.69 $15.99 -$7.69 -$11.99 66% 75% $4.00 $4.00 34% 25% Xlibris Smashwords (SYOP Program) Print Digital Digital $16.99 $16.99 $15.99 -$4.30 $0.00 $0.00 $12.69 $16.99 $15.99 -$9.69 -$13.99 -$2.40 76% 82% 15% $3.00 $3.00 $13.59 24% 18% 85% User reviews Readily available, well designed information Good customer support Good quality final paper-copy product High priced, low-quality services Poor customer service Inaccessible/unpaid royalties Aggressive salespeople Lack of respect for copyright High general satisfaction Broad digital distribution Formatting problems and slow customer support Lack of statistical reports if price set to $0.00 Higher sales when dealing directly with vendors Recommendation High number of positive reviews Significant concerns in user reviews Good range of relevant services (free and paid) Good range of relevant services, but expensive Good distribution Best return on investment Lack of transparency Lowest return on investment Lowest degree of control High number of positive reviews; some concerns Limited range of relevant services Excellent distribution Second-best return on investment No print services Questions?