Building Your Business with Books

In a world inundated with ads, business owners are clamoring for a way to rise above the "noise" of advertisers and bring customers flocking to their door. One way to do this is by writing a book. Too overwhelming you say? Well, consider this. People value experts and no one is more of an expert on your topic than you. Books are a credential builder and they are a 24/7 way to advertise your business without the cost of ads. Books are also a way to introduce someone to your services who might not be ready to commit to a package or service.

If you're hesitant to endeavor to write a book, perhaps consider a twenty-four page booklet instead. These are a quick summary of tips and helpful advice that can easily be compiled and put together in a saleable format.

So, let's say you're going to write a book. How would you go about getting it published? Well, how about "print-on-demand" or POD. So what is print-on-demand? Essentially it's a way of printing books as they are needed making bulk and huge print runs unnecessary. Think of it as self-publishing with a twist. It used to be, if you wanted to circumvent the traditional publishing houses, you had to tackle everything from printers to cover designers, ISBNs (International Standard Book Number) to distribution. Feeling dizzy yet? Sure, there were also self-publishing houses called vanity presses. They churned out about 6,000 titles per year and the author paid anywhere from $10,000 to $20,000 to publish his or her book. Cost alone was usually enough to discourage anyone who had not spent a great deal of time in the industry. Options were pretty limited, until the Internet explosion occurred.

Enter the on-demand publisher. Now, for a minimal fee (usually from $159 to $1,500), you can see your book in print. Essentially, what you're doing is hiring a publisher to publish your book. They take care of the cover, the book interior, the ISBN, and the distribution. They are compensated for this by receiving a portion of the profits every time you sell a book. You are compensated through royalties and while these do vary, they typically fall somewhere in the 18-20 percent range per book. The great part about POD publishing is that the "on-demand" part enables them to print books as they are needed, meaning that someone (probably you) won't get stuck with a garage full of books you can't get rid of. If you only sell 100 books, that's what they'll print. There are no minimum orders, and your book will always stay in print.

To give you an idea of the scope of the on-demand publishing industry, consider this: the typical big New York publisher prints about eight hundred new titles a year. At last count, some of the print-on-demand publishers were doing five hundred a month. Early estimates indicate that POD publishers printed around half a million books in 2001. This year, there are indications that this industry will hit the $78 billion market. These indicators tell us that the POD industry is growing at a pace no one anticipated. Why? Because the traditional publishing field is narrowing. Only one percent of books published each year are by unpublished authors. Does this low number tell us that there are fewer new authors out there? Absolutely not. What it tells us is that publishing houses are cutting back, merging and no longer willing to take chances on untested material.

The challenge with this industry is that you can't get published unless you're published it's a cycle from which we all aspire to escape. Now, we can. And for very little money, entrepreneurs and small business owners can have a marketing tool like no other. Not only will a book help to leverage your credibility in the industry but have you ever tried getting a speaking engagement without a book? Not the easiest thing to do, is it?

So, how do you find these on-demand publishers? A list of some I've worked with follows this article, but who you pick will depend entirely on you and the needs of your book. For some, it’s the turnaround time; for others, it’s whether or not they can print in hardcover. Generally, though, the final product should be your first consideration; distribution or shipping time should be second. Once you've narrowed your publishers down to two or three, a good idea would be to order a book from each of them. This will tell you two things. First, you'll get a sense for their ordering process and how quickly they ship the book to you, and second, you'll get a firsthand look at the quality of their books.

What about the selection process? Do these publishers accept anything that's sent to them? The answer is no. While the approval process is far less restrictive than traditional publishers and you don't need an agent, some POD publishers still have guidelines as to what they will and won't consider. These guidelines vary from publisher to publisher, so you'll need to check their individual sites or contracts for specifics. Also, some publishers will even read the manuscript to determine the quality; if they feel the work is so poor it's unmarketable, they will turn it down.

While you're in the selection process, download the publishing company's publishing contract and look it over carefully. You'll want to make sure a few things are in place before you sign on the dotted line. First off, be certain you're able to retain all the rights to your book (foreign, film, audio, hard cover, paperback, and ebook). This is extremely important. Never give or sell any of the rights away to a book you're publishing through the POD process. Second, determine how quickly you can cancel this agreement. Ideally, cancellation should be immediate. Cancellation clauses will benefit you if your book should get picked up by a traditional house or if you decide to switch publishing companies.

Your time to market, meaning the time it takes them to format your manuscript into a book and get it ready for sale, will vary. Generally, you should see a completed book within ninety days, or in some cases, even less. This turnaround is incredible when you consider it takes a traditional house about twelve to eighteen months to get a new title ready for sale.

As with anything, there are drawbacks to this form of publishing. One of the biggest issues with print-on-demand is that there is a no-return policy in place for these books. Returns are a crucial part of doing retail business in the U.S. In fact, a whopping 35 percent of merchandise purchased is returned. Still, authors are finding ways around this issue and for most small business owners, this won't matter anyway since most of your books will probably be sold from your office or back of the room at speaking engagements.

Secondly, this form of printing is more expensive than the traditional trade paperback model. Generally, POD books will be priced higher. Their price is often determined by the page count. As print-on-demand machines become more efficient and the per-page printing costs decline, POD book prices will drop. Many have already decreased considerably from where they were a year ago.

With on-demand publishing, what was once a dream can now be a reality.
In an industry that is saturated with exceptional talent, the advent of these publishers has afforded authors and entrepreneurs an opportunity that might otherwise not be available to them; a way to expand their business and increase their exposure without the expense of ad placement. It is an opportunity millions are taking advantage of. For some, it's an extension of their business, for others it's increased credibility but for most, it spells success.

Print-On-Demand Publishers:
http://www.iuniverse.com/
http://www.1stbooks.com
http://www.traffordpublishing.com
http://www.infinitypublishing.com
http://www.xlibris.com