In October, I wrote, illustrated and published a children’s book. Are you curious how much money such an endeavor makes?
Here’s a post about the money and publishing parts of the process—things I think are interesting to read. Maybe I’m crazy for sharing all of this information… but, like I said, I think it’s interesting.
If you don’t think they’re interesting, you can go buy some pickles.
Q: “How much money do you make?”
Okay, not millions, but I’ll tell you (down below). Before releasing my book on the world, I asked Jake Parker why one would choose to use a publisher over self-publishing. His answer: “So you can actually make some money.” He’s right :)
I’m using CreateSpace and IngramSpark for the paperbacks and hardcovers respectively. Here’s the breakdown for both:
|Channel||Sticker price||Publisher's cut||My cut|
|Paperback sold on Amazon||$8.99||$7.25||$1.74|
|Paperback sold on CreateSpace||$8.99||$5.45||$3.54|
If I wanted to make no money on paperbacks, then I could sell them for as little as $6.09. On CreateSpace, you use this tool to adjust the price:
As the author, I can order copies directly for a wholesale amount:
|CreateSpace||$3.65 + shipping|
|IngramSpark||$8.97 + shipping and fees, fees, fees|
(I wish there were no fees. Fees make doing any kind of predictive math impossible.) Those of you who paid $7 or $13 for your in-person-delivered books might be thinking I made a killing off of you. Not really…
How much I’ve made so far
Here’s all my costs and revenue as of this writing:
|Paint, paper, pens||-15|
|22 online paperbacks orders||46.68|
|5 online hardcover orders||7.60|
|30 paperbacks ordered by me for in-person delivery||-127.50|
|30 hardcovers ordered by me for in-person delivery||-288.88|
Since I gave a few books away as gifts, the amount of income from the in-person purchases isn’t quite 30 paperbacks/30 hardcovers.
So, I’ve made -$174.25 publishing my book
Would I do it again? Absolutely. There’s definitely more expensive hobbies than book-writing. And I had way too much fun doing it.
Would I self-publish again? I think I’d skip the hardcover unless it was an above-average book.
Would I consider a publisher? Yep. It’s more a question of if they’d consider me :)