5 Tips on Building Your Book Into a Business

• Build your book into a thriving business
One excellent way to sell more books – and to finally quit your day job – is to build your book into a business. This strategy more readily lends itself to nonfiction authors.

• Elements of creating a successful book business
Once you publish, you’ve essentially created a business. This business can be built up – it likely will expand to publishing additional titles, it probably will extend to including guest speaking and presentations, and it could even stretch to include merchandise, such as selling T-shirts and coffee mugs related to your books.

• Products/services you can build around your book
If looking to increase your income, writing a book that leads people to purchasing your services or products is a great idea.

• 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.

• Why self-published authors must keep records
Once you self-publish, you’ll need to bring all the meticulousness of your writing efforts to bear on your business records. That means never tossing a receipt and tracking them on income statements and balance sheets.