Lisa and I are very excited to be collecting stories for the next volume of Speaking Your Truth, an anthology project written by women for women.
Volume I was a great success – we reached best-seller status on Amazon in August 2010, have sold over 1000 copies in less than six months, and are still spreading the word about this incredible project.
Early on we knew that we would want to complete a 2nd volume and other spin-offs of the first book, from a teen’s version, to other more specialized markets. When we first paired up we decided not to charge for submissions into the project and that we would bear the expenses of the book. This was a strategic move, as we wanted to receive stories, build up credibility, and get the book out into the world. However, we made the decision that future contributing authors would be required to make an investment to get their story published. Because of that decision we have heard of some rebuttals, questions, and concerns. This post is to explain what the expenses cover, what’s in it for you, and why we are requiring a submission fee for publication.
Why are we charging? Is it typical to pay to be in an anthology?
Over the last few years it has been a common practice among compiling authors to require an investment for contributing authors to be listed in their anthology. Personally, we have seen fees as high as $3500 to be included in an anthology. Both Lisa and myself think this fee is a little on the high side. While this investment usually comes with a box of books to be sold, it’s hard to recoup that investment in a reasonable amount of time.
It’s become common practice for a variety of reasons. The first is that it helps to offset the costs and ensure a professionally produced book and end product. Publishing or self-publishing a book can range anywhere from $2000-$5000 for print and production including editing, layout design, cover design, printing costs, and other miscellaneous fees. When you invest in a book project, you help to ensure that the end product is something that you can be proud of.
Next, it’s to find committed individuals who see the value in being published in such a book and who are committed to seeing it through to publication. We estimate that about half of the authors in volume one did not participate in marketing the book, sharing it with their network, and spreading the word about its release. We find that people who make a financial investment, even a small one such as what we are requesting for volume II will be more committed to its success.
You may have heard that you shouldn’t pay money to be published. This is correct. You shouldn’t pay money to a publishing house to publish your book; however, Self-Publishing Experts, LLC created by Lisa Shultz & Andrea Costantine is NOT a publishing house. We are authors, coaches, mentors, and service providers. We do not accept manuscripts for publication, nor do we publish books or other material.
A publisher is someone who buys the rights to your material, then completes your manuscript, and helps with distribution and marketing. Publishing houses are companies like Hay House, McGraw-Hill, and Random House.
What does your investment cover?
Your investment is directly being attributed to the fees and costs associated with publishing a book. These fees include, but are not limited to professionally editing your story, professional cover design and layout, printing costs, and marketing materials.
The total investment as of December 2010 is $375. You can look at the fee in this way. $49 of it is used towards the writing workshop in January. You receive 10 copies of the finished book to sell on your own. This equates to $20 per book. If you sell all 10 books included you will make $200 from book sales alone.
– $375 – Initial Investment
+ $ 200 – Book sales profit
– $49 – Writing Workshop
Total Investment = $126
The $375 can be paid in full or in 4 payments of $100.
Furthermore, you can buy additional wholesale copies of the book to be sold at your events, on your website, and other places for 50% of the retail value – resulting in more potential for income and profit from your investment.
What will I get out of being involved in Speaking Your Truth?
There are many benefits to being involved in an anthology, but truly it will depend on what you make out of the opportunity.
Here are just a few things that can happen:
- Profit from book sales
- Credibility for being published in a book
- Additional client, income from new leads and prospects
- Increased exposure for your business
- Community of supportive women and collaborative opportunities
- The chance to inspire and empower other women
- The inspiration to write your own full-length book
- Opportunity for your own growth and healing through sharing
We hope that this has provided a better understanding for the investment for submissions in Speaking Your Truth. Lisa and I spend countless hours reading and revising the stories, putting them in order, creating the marketing materials, finalizing the layout, and working with the cover designer. We feel that this is a minimal investment for the rewards that come with being involved in a powerful movement of inspiration and empowerment.
If you have further questions, please do not hesitate to contact us at email@example.com