You want to self-publish your book but you may be wondering how much does it cost to self-publish a book?
So in this blog post, I will answer everything regarding the self-publishing cost of a book.
Though self-publishing is easy and prevents you from some unnecessary troubles, it also requires you to sacrifice some cash in order to make more in the long run.
As it is a great time to become an author as so many self-publishing companies were helping the new author in their journey without charging a hefty amount.
However, if you are self-publishing for the first time you may be having questions like:
- How much does it cost to self publish a book?
- What are the areas where I have to spend?
- Do I have to hire a professional Editor?
- Do I have to hire a Designer for my book cover?
- What will be the cost of the book cover?
- How much does book formatting cost?
- Etc, etc……..
These are the question I have faced when I self-published my first ebook.
So I tried to answer each and every step that you will need to self-publish your book and the alternative you can use to cut the cost of book publishing.
As I stared I didn’t have huge money to invest in self-publishing.
So I started finding out the alternatives in order to save money.
I will mention those things too to make you aware of the industry.
But before that let’s understand the market cost standard of self-publishing book.
Traditional Publishing Cost vs Self Publishing Cost
After finishing your manuscript you need to choose either a self-publishing option or traditional publishing option.
In traditional Publishing this will happen:
- You will complete your manuscript
- You will find a publisher (Agent)
- You will send the manuscript to the publisher
- They can either accept or reject the manuscript
- You repeat the process until any publisher accepts
- The publishing house will edit, design, and produce the book
- You sign the contract for royalty fixed by the publisher
- They print and market the book on your behalf
Everything will be dependent on the publisher that how they print, design, market, and reach the required audience.
You even have to give some collateral if required copies are not sold.
In return, you will get a small amount of money as royalty.
So making money from your book is not possible if you go with traditional publishing.
This is because of the following reasons:
- They cut a huge commission
- They will not do the marketing for new authors as much they do for the established one
Now let’s discuss how much it cost to traditionally publish a book.
How Much Does It Cost To Self Publish A Book Through Publisher
The cost of self-publishing book through a publisher varies between $1000 to $5000 which will cover everything from book designing, editing, proofreading, cover design, and marketing, depending upon the packages the publishing companies have to offer.
You can even find some publishing companies that charge less but the thing is that they will remove some of the add-ons like editing, cover design, proofreading, etc.
So check and compare each and every companies package before you go for self-publishing through any publisher.
I personally don’t recommend that you self-publish a book through the publisher.
Though if you submit your manuscript to some renowned publishers and if they like the story you can expect to get it published almost for free.
Try this method and if your manuscript is approved then only you should go for traditional publishing.
Else go for self-publishing.
Why You Should Self-Publish Book
Self-publishing is easy and you can make a lot of money self-publishing your book.
If you write a lot of non-fiction book it can make you build authority on that niche as well.
The reason I and many other industry experts recommend self-publishing because:
- It is easier than traditional publishing
- No rejection and waiting time
- You don’t have to be dependent on publisher
- You keep the profit
- Less competition than traditional publishing
And with the publishing companies like Amazon Self Publishing (KDP), KOBO, IngramSpark, it is easy to self-publish your book very easily.
With self-publishing, you have the full control on how you want to sell your book and how to reach your target market.
Though it will require you to learn marketing the profit you can expect is much higher.
You can make up to 70% royalty through Amazon Kindle Direct Publishing.
You can fulfill your dream of becoming an author and make money also without that much of hassle.
So if the above reason suits your need you should opt for self-publishing only.
How Much it Cost To Self Publish Book?
The cost of self-publishing varies from $0-$1000 depending upon the need for editing, designing, proofreading, and marketing, though marketing is the one aspect which will require most of the costing of a book.
According to the industry, most of the self-published authors spend more than $1000 to less than $20,000 for self-publishing their book.
This may seem a huge amount of money to spend on book publishing as for the same you can get your book published through traditional publishing companies.
But the return you will get is higher in self-publishing than in traditional publishing.
I had spent less than $100 to publish my first novel and made more than $1000 with the same.
The rate of return you can see is much higher.
And I have published my first ebook on Amazon for free.
Though it is not making that much of money still anything I get is the profit, which is passive and for a lifetime (or as long as Amazon exists).
In self-publishing, you can decide on what things you need to spend money and where you can cut the cost.
If you are expert in editing and proofreading you can do it by yourself and save the cost on editing and proofreading.
You can instead hire a professional cover designer to design a book cover for you.
Like that you have full control over the expense.
For me, I did the editing, formatting, and cover design myself.
The money I spend is on marketing (Facebook ads and for getting reviews).
Now let’s give you the breakdown of Self-publishing Cost.
Self-Publishing Book Cost Breakdown
These are the things which will require you to pay when you are self-publishing your book.
Writing Software And Apps
There are many writing software that you can use to write your book.
These apps and software are free and can range up to $1000 as well.
Free Writing Software
You can use free writing software like:
- Google Doc (Free)
- Evernote (Free Version)
- Notion (Free Version)
There are lots of other free writing apps for a writer that you can use but these are my favorite.
My personal favorite is Evernote and Notion as I used this to create most of my mini ebooks.
So if you are on a budget you can use these writing apps and cut down the cost here.
Paid Writing software
If you are willing to spend as little as $49 I will recommend you to download Scrivener.
Scrivener is made exclusive for writers and authors for creating books and ebooks the way they want.
As after you complete your book you need to hire professionals to edit and format your book, then convert it into digital format.
You have to pay for these services.
Scrivener does it for you. Its advanced feature will let you convert your book manuscript into digital format.
Other Paid Writing Tools You Can Use are:
- Microsoft Office – Costs $129.99.
- iA Writer – It costs $29.99 for Mac and $19.99 for Windows.
- Final Draft – Costs for a full license is $249.
- Day One – $2.92/mo.
These are the one time cost only.
So if you get it when you are just starting you don’t need to buy again and again.
For Editing And Proofreading
You could hire a professional editor and proofreader if your budget permits.
The market average rate is $3 per page for Proofreading, $4 per page for copy editing and $7-8 for content editing.
Read this article to know more about editing and proofreading rates.
Now if you are on a tight budget and can’t hire editors and proofreaders then you can use some freemium tools for editing and proofreading your book.
I personally use Grammarly for doing basic editing and proofreading.
Install the chrome extension if you are writing on online apps like Google Doc, or just upload your file on Grammarly and check for errors.
The free version offers limited features but worth a try to give basic proofreading.
Other Freemium tools you can use for editing and proofreading your self-published book are:
- ProWriting Aid – It costs $70/year
- Hemingway App – $19.99
- Ginger Software – $11.98/month
- Whitesmoke – $6.59 per month
How Much Does It Cost To Design A Book Cover?
According to market standard, the cost of designing a book cover varies between $50-$500 depending upon the designer you hire and the requirement you give.
The price to get book cover also varies for an ebook cover and for paperback cover as the paperback cover has both front and back section.
So it solely depends upon what version of the book you are going to publish.
I recommend getting the paperback version so you can use the same for ebook as well.
If you have someone in your friend and relatives who knows Photoshop, you can surely get your book cover done at a much cheaper rate.
But make sure to invest some time and money in creating your book cover as it can make or break your sales.
Book cover is the first thing people will notice. And still, people judge a book by its cover only.
You may need some 3D covers also for promotion purpose.
But you can get it for free if you have your book cover designed.
Just with basic Photoshop skill, you can make some awesome 3D posters for your book promotion.
Use covervault to get amazing mockup for your book.
Cost Of Cover Design On Budget
Even if you don’t want to spend $100’s of dollar on the book cover you can get some for as cheap as $1 to almost free.
Though if you want premium custom photos for your book cover you can get that from Shutterstock.
No designing skills are required to create book cover from the above-mentioned service.
If you are publishing your ebook on Amazon KDP, it also has free cover creator tool for creating ebook covers.
As I mentioned these services are useful only if you are creating covers for your ebook only as it only has the option to design the front section and not the back as well as a spline.
ISBN (Optional) Cost
Since you can’t publish your self-published work without ISBN, getting a one is rather important.
ISBN number, or International Standard Book Number, is a regulated 10- or 13-digit identification number which allows libraries, publishers, and book dealers to locate and identify specific books.
This step is not required if you are publishing through platform like Amazon KDP as they provide the one for you.
You don’t need one and you can skip this step if you are going with Amazon KDP.
But if you are self-publishing offline, you need to buy one for your book.
ISBNs cost about $125 for one number.
But you can get at a much cheaper price if you buy in bulk.
I recommend that you self-publish your book through Amazon KDP so you will not have to worry about getting ISBN and you can cut down your cost as well.
Book Launch And Marketing Cost
This is where you need to spend your maximum.
First of all the book marketplace is really crowded and to make money from your self-published books you need to spend extra bucks.
The maximum and minimum spending will totally depend on your budget and goal.
There is no limit to the maximum spending as long as you are getting profit.
If you have published your book through Amazon KDP you can do paid as well as free promotion of your book right from the KDP dashboard.
KDP free promotion includes free 5 days promotion and the readers can download your book for free.
Though this will not make you any money but it will make your ebook climbs higher in ranking and you can get some reviews as well.
This “free promotion” works with ebooks only published on Amazon KDP.
The next option you can use Amazon KDP paid promotion.
It has the option to promote on Kindle home screen and on the related option and the price starts from $100(Minimum).
You can increase the budget depending upon the sales.
To know more about self-publishing marketing techniques you can read my article on Marketing techniques and strategy for self-published Authors.
Some other free and paid promotion options are:
1. Free promotion
You can promote your books on Facebook groups, on Twitter, and Instagram.
Even there are some sites which promote ebook for free. You just have to list your ebooks on their sites.
Apart from that if you already have an email list you can use it to promote your books with your existing readers.
It can work but it is not enough to generate a lot of sales.
In self-publishing, you have to take help of paid promotion.
2. Paid Promotion
You can use Google Ads as well as Facebook ads to promote your book.
As a personal experience, it will require a minimum budget of $200 to promote it just using these two platforms.
Later you can increase the budget if you are getting the required conversion.
There is some active book readers community on Facebook as well. These Facebook groups are a great place to promote your book as they have active readers.
But you cannot post on these Facebook groups.
Some admins charge to do the paid promotion and they can charge you $50-$100 depending upon the number of members.
You can always negotiate the price.
Even there are some websites which do the paid promotion starting from $5-$100. You can even post your books to get many eyeballs.
Cost Of Creating Audiobook
This is an optional step.
The cost of producing the audiobook can vary from $300 to $3,000 depending upon the length of your book and the narrator you hire.
If you are a good narrator you can purchase the basic recording equipment and narrate your book as well.
This will ultimately reduce the cost. And you can do it for as cheap as $100.
These are optional as well but you will require sooner or later.
As a self-published author, you should get one website/blog for yourself.
This is important because on your website you can showcase your published book, your expertise, and even sell your own books at full profit.
You can create your own website with as less as $3.95 per month.
Email Subscription Service
You surely need to build an email list so that you can promote your next book to your existing readers.
And you can’t send emails one-by-one. So you need to get email subscription service as well.
The one I recommend is Convertkit and Mailerlite.
Total Cost Summary
So you now learned what is the cost of self-publishing and where you have to spend and where you can cut the cost.
Let’s summarize the cost of the book self-publishing.
|Things Required||Cost (Approx)|
|Writing Software and Apps||Free- $50|
|Editing and Proofreading||Free- $400|
These are the costs of self-publishing a book.
It’s not just limited to the minimum and maximum price mentioned above and it can vary from almost free to a maximum of $5000, depending upon your requirement.
Now if you have any more question on “how much does self-publishing costs” then you can ask me in the comment section.