I personally believe there is no better time to becoming an indie author. Whether your goal is to just publish one book because it has been a life time dream, or whether you harbour secret ambitions to write full-time and turn it into a profitable business venture, there has never been a better time to do it!
Yes it may be less easy today to make a million bucks selling 99 cent ebooks like Amanda Hocking did a few years back but the opportunities are still endless.
My personal goal is to transition into writing full-time (achieved on 1 April this year!) and making a full-time income from this (work in progress).
I want to earn at least a six figure income, like my online role models and mentors do and if they can do it, so can I! And this is what makes self-publishing today so exciting.
Granted not everyone wants to make money from writing, preferring to keep it as a side passion project. But for those who DO want to do this full-time and make money then jump aboard and join the club!
I started this blog primarily as a place to document my learnings as I progress through the self publishing landscape, and as a place where I can help authors others who are a few steps behind me.
I have a long way to go but then again I am in this for the long-term.
Joanna Penn talked about her latest launch for her book in her podcast recently and said that as she writes more books, she is less affected by the actual launch day of her books. This is because indie authors are in this for the long haul and the self publishing model is more about smaller sales over a long period of time and sustainability. Compare this to the expectations of traditional publishing which wants as many sales as possible in the shortest amount of time (spike sales), and then promptly ditches the author who is never heard of again.
Being an indie author today allows you to have total control over the process (or as less as you want because you can outsource large parts of it, or work with assisted publishing houses, although you do lose more control over the creative process).
So although I have achieved my initial goal of being able to write full-time, I am now creating a business model centered around my writing and producing valuable content. What is so fascinating is that your writing can be converted into multiple products which each can provide an income stream. For example one manuscript can be sold as an e-book, a print book and an audio book! Then multiple those three products into available countries and languages, and you have just further increased your revenue model!
If you are new to this self publishing journey then its best to stick with the basics (I have to keep reminding myself of this as its so easy to want to do everything at the start; a perfect recipe for overwhelm to come and settle comfortably into your life!).
So if you are just starting out in this journey and want to learn a little more about what self publishing entails then I would encourage you to first and foremost focus on writing and completing that manuscript. Don’t worry about the technical things at the start (like how to upload my files on Amazon etc). Take it one step at a time, or as I keep telling myself, one word at a time.
What do you think of the opportunities within the self publishing space currently? What are your concerns or issues starting out as a first time writer? Or do you have an advice to give newbie writers as a veteran in the field? Please share in the comments below.