Once you’ve self-published, you’ve become a business. For many creatives, though, the business world is about alien as the Martian landscape. Don’t worry – being an author/businessperson is easier than you think. Here are seven great tips to get your started (click the linked title for the full article):
• You’ve self-published? You’re a sole proprietor!
The moment you’ve self-published a book – presuming you’ve done nothing else to set up your business – you’re a sole proprietor. That’s right, you’ve started your own business, ipso facto!
• Does a self-published author need to incorporate?
When self-publishing a book, you essentially are starting a business. So should you incorporate? Most authors will say the general answer is “no.”
• Do self-published writers need a business plan?
If self-publishing a book, do you need a business plan? The answer depends on your goals and objectives.
• Do self-published writers need business mailbox?
When setting up your authoring business, you will need a physical address for it. Even though most of your work is done in a virtual digital world and that you may only write at a variety of coffee shops, you still need a single location where you can be reached for official purposes.
• Self-published authors may need EIN
U.S. authors who self-publish generally don’t need an Employer Identification Number (EIN). Should you ghostwrite books or freelance, however, you probably will need one.
• Co-authors can form ‘general partnership’
If you’re among those who’ve just co-authored a self-published book, you’re probably wondering exactly how to handle this as a business. The good news is that you can treat your joint venture with much the same ease as you could if an author who’s a self-proprietor.
• Should you buy publisher’s insurance?
If you’re establishing your own publishing company, you may want to consider purchasing insurance against copyright infringement, defamation, right of publicity, invasion of privacy, negligence, and more. This is loosely called a “publisher’s policy.”
• BONUS: Five Great Quotations about the Business of Writing
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My name is Rob Bignell. I’m an affordable, professional editor who runs Inventing Reality Editing Service, which meets the manuscript needs of writers both new and published. I also offer a variety of self-publishing services. During the past 15 years, I’ve helped more than 400 novelists and nonfiction authors obtain their publishing dreams at reasonable prices. I’m also the author of the Storytelling 101 writing guidebooks, four nonfiction hiking guidebook series, and the literary novel Windmill. Several of my short stories in the literary and science fiction genres also have been published.
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