First and foremost, this is a business for those who love books.
In addition to working in a field you'll love, the fact that certain books are hits and other books flop means you will need a keen eye when deciding to publish what may become the next big thing.
The remaining money goes to the publisher, which is one of the reasons that digital books are so attractive to market and sell, as it lowers the overhead that will eat into your business profits.
The growth potential for a publishing business is decent.
Our guide on starting a publishing company covers all the essential information to help you decide if this business is a good match for you.
Learn about the day-to-day activities of a publishing company owner, the typical target market, growth potential, startup costs, legal considerations, and more!For instance, if you start out as the only employee of your business, a good part of any given day may be dedicated to reading and editing manuscripts.You may meet with authors and decide whether or not to publish their work and, after it is edited and otherwise cleaned up, you will be figuring out how to promote and sell the book.Whatever your passion, you can immerse yourself in it AND make a six-figure income.This could be your direct ticket to the kind of fulfillment you've always wanted in life.On the most basic level, publishing companies make money through the sales of their authors' books.The writer and publisher will sign a contract that works out a certain percentage of royalties that will be paid to the author for the sale of each book.Whether you want to travel the world or live as a recluse, work 12 hours a day or not work at all, learn more about golf or feeding the hungry …you can turn those desires into freedom and income you never imagined possible.Others may think they don't really need a professional publisher because it is easier than ever to self-publish.Thus, the best author to work with is committed to making their book succeed, being willing to edit as necessary and understanding your role as a professional facilitator of their success.