Paper Tiger | The ONE THING you need to make money self-publishing | Accountant explains budgeting for your book @PaperTigerProductions | Uploaded June 2021 | Updated October 2024, 3 hours ago.
There's hundreds of videos on #authortube discussing #selfpublishing costs and how important it is to have a budget, but none of them really explain how to make a budget for your book. So here's one that does, from an #accountant! And if you want to make a living self-publishing, you'll need to understand how a title P&L works!
// JUMP TO
0:00 What's a title P&L?
0:33 It's not JUST a budget
1:29 Who needs one?
2:22 Budgeting for your book
2:32 INCOME
3:51 EXPENSES: Overview
4:06 EXPENSES: Cost vs cash outlay
5:14 EXPENSES: Publisher vs imprint vs title level
7:09 EXPENSES: Title level - fixed vs variable
8:19 EXPENSES: Key takeaways
8:57 EXPENSES: Suggested approach
9:51 Tipping the scales in your favor
10:16 Just do it!
10:31 Breakeven point
In this video, I'll show you the maths for why the cardinal rule of making a full time living from self-publishing is to publish new books frequently and consistently.
For a hands-on practical walk-through of how to put a title P&L together (including the template that I use), check out this video: youtu.be/lHXdFCiMmXg
And if you're looking for ways to speed up your release schedule, check out my other video on the three keys to frequent and consistent book releases: youtu.be/j4nR0B-rdu4
// FURTHER READING AND RESOURCES
Title P&L examples shown in the video:
Berrett-Koehler Publishers - New Book P&L via Slideshare:
→ slideshare.net/davidpaulmarshall/berrettkoehler-publishers-new-book-pl
Joe Biel's title P&L via Microcosm Publishing:
→ microcosmpublishing.com/blog/2016/08/business-of-publishing-how-to-write-a-pl-statement
Jane Friedman's title P&L via Jane Friedman:
→ janefriedman.com/book-pl
// SELF-PUBLISHING COSTS: WHERE TO START?
Blog articles that provide a good overview:
Blurb.com
→ blurb.com/blog/cost-to-self-publish-a-book
Self-Publishing School
→ self-publishingschool.com/cost-to-publish
Grammar Factory
→ grammarfactory.com/self-publishing/costs-much-price-self-publishing-book
Specific costs/market rates:
Australian Society of Authors
→ asauthors.org/findananswer/rates-of-pay
Fiverr.com
→ just search for the service you need to see what people are charging
// CALCULATORS
IngramSpark Tools:
99designs book cost calculator
→ https://99designs.com.au/book-publishing-cost#book-calculator-basics-step
Publisher Compensation
→ myaccount.ingramspark.com/Portal/Tools/PubCompCalculator
Printing and Shipping:
→ myaccount.ingramspark.com/Portal/Tools/ShippingCalculator
// CHECK OUT
My first book "Today is my birthday!" (a Cantonese/English rhyming story book for ages 2-6):
→ bit.ly/3cmpHqz
There's hundreds of videos on #authortube discussing #selfpublishing costs and how important it is to have a budget, but none of them really explain how to make a budget for your book. So here's one that does, from an #accountant! And if you want to make a living self-publishing, you'll need to understand how a title P&L works!
// JUMP TO
0:00 What's a title P&L?
0:33 It's not JUST a budget
1:29 Who needs one?
2:22 Budgeting for your book
2:32 INCOME
3:51 EXPENSES: Overview
4:06 EXPENSES: Cost vs cash outlay
5:14 EXPENSES: Publisher vs imprint vs title level
7:09 EXPENSES: Title level - fixed vs variable
8:19 EXPENSES: Key takeaways
8:57 EXPENSES: Suggested approach
9:51 Tipping the scales in your favor
10:16 Just do it!
10:31 Breakeven point
In this video, I'll show you the maths for why the cardinal rule of making a full time living from self-publishing is to publish new books frequently and consistently.
For a hands-on practical walk-through of how to put a title P&L together (including the template that I use), check out this video: youtu.be/lHXdFCiMmXg
And if you're looking for ways to speed up your release schedule, check out my other video on the three keys to frequent and consistent book releases: youtu.be/j4nR0B-rdu4
// FURTHER READING AND RESOURCES
Title P&L examples shown in the video:
Berrett-Koehler Publishers - New Book P&L via Slideshare:
→ slideshare.net/davidpaulmarshall/berrettkoehler-publishers-new-book-pl
Joe Biel's title P&L via Microcosm Publishing:
→ microcosmpublishing.com/blog/2016/08/business-of-publishing-how-to-write-a-pl-statement
Jane Friedman's title P&L via Jane Friedman:
→ janefriedman.com/book-pl
// SELF-PUBLISHING COSTS: WHERE TO START?
Blog articles that provide a good overview:
Blurb.com
→ blurb.com/blog/cost-to-self-publish-a-book
Self-Publishing School
→ self-publishingschool.com/cost-to-publish
Grammar Factory
→ grammarfactory.com/self-publishing/costs-much-price-self-publishing-book
Specific costs/market rates:
Australian Society of Authors
→ asauthors.org/findananswer/rates-of-pay
Fiverr.com
→ just search for the service you need to see what people are charging
// CALCULATORS
IngramSpark Tools:
99designs book cost calculator
→ https://99designs.com.au/book-publishing-cost#book-calculator-basics-step
Publisher Compensation
→ myaccount.ingramspark.com/Portal/Tools/PubCompCalculator
Printing and Shipping:
→ myaccount.ingramspark.com/Portal/Tools/ShippingCalculator
// CHECK OUT
My first book "Today is my birthday!" (a Cantonese/English rhyming story book for ages 2-6):
→ bit.ly/3cmpHqz
