How to Get Financing to Publish Your Book – Michelle Lambert | Guest Post

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Have you decided to publish a book lately? Congratulations, you are about to embark on a big journey, one that will shake you up in many ways. This is a journey that will test your talent, resilience, courage, confidence and most of all – your persistence.

Why do we say this? Because irrespective of where you go, the fact remains the same: publishing a book is hard work. It’s hard to get a suitable publisher and to make them interested in what you have to offer, then to handle the rejections and the times when you will hear the word ‘NO’. The average writer gets to hear many ‘No’s’ during the search for a befitting publishing house so they find it hard to search for funding to write a book.

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Some people decide to self-publish, and this is bittersweet for a while in the sense that you have your own word, you are autonomous like a freelancer. But if you don’t have an important component that could help you push the book forward, you might find yourself stagnant for longer than necessary.

 

What are we talking about? Funding

Funding is one of the biggest reasons why many self-published writers are unable to display their craft in the industry today. “Trapped within each of us is a book waiting to be written” – but that book might never thrive in this age without the appropriate financing to facilitate the process. This article seeks to explore the various funding options available, and how they can be applied depending on varying situations.

 

Why is Funding Important?

If you are planning to self-publish, then you must be aware of all the costs you will have to incur. You will need to look for different professionals to handle separate aspects of your book. You will need:

  • Someone to create a custom cover design
  • A professional editor
  • Someone to deal with the interior layout
  • People who will help you promote and distribute the book
  • Another person to take care of the marketing aspects
  • These are just a few of the things you will need to consider. In reality there are many more things needed. This is why before you decide to take the step of independently publishing your work, you need to ask yourself the following:

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  • Am I truly prepared for this? The stress, time and energy I am about to spent?
  • Do I have sufficient funds on the ground available to me or should I look for grants for writers?
  • Do I have any reserve somewhere if the process gets more expensive than earlier budgeted?Before you do that, there are a few other things you need to do if you are thinking how to get funding to write a book.
  • It’s essential to consider these things before you start. Otherwise you may get frustrated trying to patch funds for the process. If you discover that you aren’t buoyant enough to publish yet, do not rush. Take a step back, and plan how you will raise the needed funds.

 

Finding out the Costs

When I want to get a specialist to offer me essay help, I do not just search and click on the first option on the page. I need to do an in-depth search to find the best service and save myself from falling into the hands of scammers or extravagant publishing services. The same applies to self-publishing. It is important to take a quick scan of the market and see what services are being offered.

The first point of the check will be to find services that support self-publishing – understand their terms and conditions, read about how much experience they have and what perks are available. Once you have figured that out, the next thing is to choose only the services that meet your requirements. The truth is that not everyone will offer features suitable to your taste; hence you need to make that choice yourself.

The next thing to further narrow down the list is to compare prices. Publishing is a relatively competitive market; therefore, you have to choose carefully. When comparing prices be sure to consider both short-term and long-term benefits. This helps you to comfortably choose the best fit for your book publishing.

Having figured all these out, now comes the big question: do I have the money for this?

 

Raising Funds for Self-Publishing

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If you decide that the funds you have are sufficient to cover all costs, publish away! But for those who realize that their current funds might not get them even halfway through the process, below is a list of various ways to get funding:

1.    Getting a grant

The best options are usually the most challenging. Getting a grant is possible if you have a government that is very supportive of upcoming writers. The glitch often shows up when you are asked to provide any successful experience – and you have none to show.

When applying for a government grant, ensure you have a solid plan on how to sell the books because you need to convince them you know what you are doing. You also need them to think that you have made all the necessary arrangements and your book is worth the investment.

Once you are able to get them on your side, getting the grant shouldn’t pose any serious challenges.

2.    Finding the right sponsors

It is indeed possible to get companies who are willing to sponsor your book. The truth is that they are not always out in the open – it takes some deep searching to find them. There are a number of ways you could partner with them as a sign of appreciation – including the company name on the cover of your book is one such way. You could volunteer or be invited to speak at one of their events, and even participate in promoting their services while spreading the message about your book.

Finding a sponsor is not only about the search. It’s also about finding someone who is willing to listen. The advisable option is usually to look for companies whose services reflect the message your book passes across, but that idea doesn’t work for all book genres. It’s safer to focus on finding a company that is willing to give you a chance to make your voice heard through your publication.

3.    Getting the best out of Crowdfunding

Crowdfunding is quite the option. It assists you to get people or potential fans/readers involved in supporting your dream. There are a number of sites that provide the platform for those who want to engage in raising funds through crowdfunding.

Be sure to state your goals clearly, because people will always want to know where their money goes. And remember that those who are contributing towards your publishing deserve to get something in return. A pre-sale copy of your book is a good starter option.

4.    Align yourself with a charity organization

Aligning with a charity cause will also depend on the theme of your book. A book that stands up for women’s rights would be a matter of interest for a charity organization or group that sees to the welfare of domestic violence victims. Non-profit organizations are more likely to support events and initiatives that support their own cause as well. It’s a matter of approaching them and making your genuine intentions known, and all should go well from there.

 

BIO

Michelle Lambert is an editor at a famous publishing house in New York. She loves books and will help anybody to make their dream of publishing a novel come true. Often, to help struggling writers, she is creating wonderful articles for the web.

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