Posts Tagged ‘book publishing’
What Does a Ghostwriter Charge?
Since many business owners are too busy to write their own book, they want to explore the opportunity of working with a professional ghost writer. As a business book writing coach and project manager, it’s part of my job to interview ghost writers and find the best writer for the job. But before I even move to that stage, one of the first questions my client asks is, What does a ghostwriter charge?
Unfortunately, there’s no one answer to that question: writers’ fees are all over the map, and there are no fixed industry standards. A preliminary Google search turns up fees anywhere from $10,000 to $75,000 for an average-length book (300 printed pages or 60,000 words). Yet online job sites show writers accepting work for as low as $800 a book. Some employers offer even less; just today I saw a job paying $2.00 per 500-word article. Two dollars!
As an Independent Contractor, a writer has to pay taxes, maintain equipment, and pay a finder’s fee to a job site or agency. Even at $3000 a book, a writer is working for less than minimum wage. Who’d work for less than minimum wage? Believe it or not, young writers just starting out are so gung-ho, they frequently do, which is unfortunate for the more experienced writers. It’s common sense that a fledgling writer isn’t as skilled as one with a number of published books under her belt and 20 or 30 years of experience – and I don’t only mean experience with writing. A person who’s been around the block a few times is familiar with a wide variety of subjects, and probably has at least some passing knowledge of your field of business. You do get what you pay for in this world!
With so many writers working freelance, it can be confusing to decide who to hire, especially sight unseen. Ideally, you’ll want to, at least, see some previous work to find out if you like someone’s writing. A legitimate writer is glad to provide samples, and on sites like Guru.com or Elance.com you can access them before you even contact the writer. These sites also post feedback on the writer’s performance from previous employers. Here you might even get an idea of the kind of pay the writer is accustomed to – frequently less than what she or he initially asks for. This doesn’t mean you should low-ball them. Hidden resentment from an underpaid writer can lead to conflict during the work process. On the other hand, a happy ghostwriter is a good ghostwriter, so paying well is in your best interest. Which brings us to:
FAQs:
How much does it cost to ghostwrite a book?
The fee for a 200-300 page manuscript to be completed in 3-6 months starts at around $10,000 and goes up to $20,000-plus. The more you provide in the way of extensive notes, outline, or rough draft, the lower the cost. Other variables include timeline, length, and publishing assistance. If the writer has to conduct research, for instance, the fee will be higher.
For subjects that require knowledge of specialized language, such as finance, law, or any other specialty, cost is normally higher: $25,000 – $40,000. If the client has a written draft, the price will be on the lower end; if more time is needed to produce a book based mainly on verbal communication, it will be higher.
What does the ghostwriter’s fee cover?
The fee to ghostwrite your book covers all interview time between writer, client, and any other participants necessary to obtain the required information. It includes all research time, writing, editing, rewriting, and it can include finding an agent to represent you, or even finding a publisher. The ghostwriter’s fee does not include travel or lodging, although travel time is included.
How are fees paid to the ghostwriter?
Most writers require an initial deposit of one-third the total to begin work, another third paid at the mid-point of the project, and the final third upon completion. Some writers prefer monthly payments after an initial deposit at the start.
How long does it take to complete a book?
A well-organized, average-length book usually takes from three to six months to complete.
A faster turn-around may be possible, but can also raise the fee. If you have a draft of your book, or extensive notes and sketches, the work can go faster. If a lot of research is involved, then more time is needed.
Does a ghostwriter use a contract?
The ghostwriter is an Independent Contractor who usually wants a signed contract with the first payment. The contract should include the working title of the book, amount and schedule of fees, copyright agreement, and confidentiality. Additionally, stipulations are usually included regarding termination of contract, arbitration in case of disagreement, and miscellaneous matters such as complimentary copies and deadlines for portions of the book, if any. If the writer does not have her own contract, one can be obtained from a writers’ organization like the National Writers Union or the Editorial Freelancer’s Association.
17 Ways to Make More Money and Boost Your Business With a Published Book!
If I’ve said it once, I’ve said it a million times: You don’t publish a book in order to make money. Unless your name is Steven King or Danielle Steele, do not look to book sales as your get-rich-quick scheme.
That said, publishing a book is a great way to make money. If that sounds like a contradiction, read on.
Your book is a tool for creating multiple streams of revenue. It’s a calling card, a résumé, a sales tool, and a door-opener. I can provide you with all the information you’ll need to leverage this tool most effectively, beginning with…
17 Ways to Make Money and Boost Your Business With a Published Book.
1. Increasing Your Core Business. Nothing marks you as an expert in your field better than a book with your name on the cover. When you’ve written a book, you become an author, and people regard you as an authoritative voice. As an expert, you can charge higher fees for your goods or services – a book can as much as quadruple your current asking price. Additionally, by writing a book you’re duplicating yourself, in the sense that, while you cannot be everywhere promoting your business, your book can stand in for you; it represents you and your business. Finally, readers love meeting authors, and will flock to book readings and signings. The bottom line is, a book enables you to reach a much wider audience and, naturally, increase your business.
2. Public Speaking. There’s quite a bit of income to be made on the public speaking circuit. Schools, corporations, non-profit organizations, government agencies, and many other kinds of groups are always looking for experts on topics of interest to speak at their meetings and conventions. To be invited, though, people have to know about you, and they usually find out about speakers through their books. You can sign with a Speakers Bureau, of which there are many – and they expect to see a book. A good speaker can earn upwards of $5000-7000 per appearance – and that’s on the lower end– but you need to have that book by way of introduction.
3. Workshops. As with public speaking, groups are always looking for experts to offer workshops at conferences that last anywhere from a day to a week, and they pay handsomely for the right teacher. Again, they tend to hire authors: to most people, a book signifies intelligence and gives you an air of authority. People feel safer hiring someone they don’t know well, or at all, when they’ve written a book. It proves they know what they’re talking about.
4. Trainer/Continuing Education Units. Most schools of higher learning offer Continuing Education Units (CEUs) to students – accountants, nurses, lawyers, etc. – for attending workshops and trainings. If you’ve written a book, you can be certified to provide CEUs, increasing your pool of clients. I worked with a PhD who’s an expert on child psychology. Since publishing her book she’s been able to realize her dream of travel, going all around the country training educators how to heal children.
5. High-End Consulting. Maybe you’re already being called upon as a consultant to individual or group clientele; if so, you know how lucrative consulting can be. A book is something tangible that attracts the attention of large corporations and high-end entrepreneurs. It’s also something to give your clients as an adjunct to in-person consultation. With a book you automatically increase your fees.
6. Product Placement. Corporations and their PR agencies look for appropriate books in which to promote their products. With the right marketing and eventual visibility as a celebrity expert, you can get paid for mentioning products and services in your book. One author sold placement of a line of female products such as lingerie, toiletries, and hair products in her best-selling dating book; for each mention she was paid $10,000.
7. Expert Placements. Some authors invite other experts in the same or related fields to write guest chapters for their books, and then include information on their products or services that are relevant – but don’t compete with! – theirs. In this way you automatically increase your audience by attracting your guests’ followers, and, especially if they’re famous, you can significantly expand your business.
8. Marketing Tool. A book is a vital component of an effective marketing plan. Once your book is done, you’ll no doubt sit down and brainstorm with your coaching team, targeting people and places to send complimentary copies for reviews and publicity. This can be an exciting, idea-popping process, and can go a long way towards the creation of a comprehensive marketing plan for your core business.
9. Selling Foreign Rights. Your book might be bought by a publisher who wants to translate it into Spanish, Vietnamese, French – every language represents a potential audience. I had this experience with my book Goal Digger: a Korean publisher saw the book on Amazon, and called to ask if they could buy the rights. I agreed, and eight months later they sent me a check – possibly the easiest money I’ve ever made.
(This is called pull, as opposed to push, marketing. The latter comprises all the things you do to promote your business, while pull marketing occurs when clients simply fall into your lap – which is more likely to happen when you have a book out there.)
10. Coaching. Readers might want to further enhance their understanding of your book’s content by having you directly teach them the philosophies and principles outlined in it. I once helped a group of women publish a book on networking; now, because of their book, they’re being hired to coach other groups of women on networking and client acquisition techniques.
11. Become a Bestseller. Okay, it’s rare that a book written to promote a business ends up reaching the sales heights that comprise best-sellerdom – rare, but not unheard of. The people who wrote the first Chicken Soup for The Soul book had no idea it would end up as a runaway best-seller, becoming so popular it spawned several more Chicken Soup books for targeted audiences such as women, Christians, and others. So it can happen. It’s good news for writers that the New York Times Best-Seller List is no longer the only game in town: regional newspapers now put out lists of what’s being read in their geographical areas, as do niche magazines and bookstores, both chains and independents. The more educational content your book provides beyond your specific product or service, the likelier it is to reach best-seller status. This is something you might want to think about as you map out the outline for your book.
12. Movie Rights. Again, it’s rare that a book of this kind is snapped up by Hollywood, but it does happen. Moneyball, by Michael Lewis, which describes a system of selecting baseball players for major league teams, was to be a movie, with Brad Pitt in the starring role. (Unfortunately, the project was dropped halfway through production.) A book that did make it to the cineplex is Julie and Julia, one woman’s adventure cooking all the dishes in a Julia Child cookbook. Starring Meryl Streep as Julia Child, it’s received both critical and public acclaim.
13. Public Relations. What could be a better PR tool than a book? It’s your ticket onto television, radio talk shows, podcasts, videocasts, and blogs. Your little book goes out into the world as an ambassador for your business, and in roll invitations to appear places, reaching wide audiences, and expanding your business. Which can lead to…
14. …Celebrityhood. If you’re the kind of person who thrives under the spotlights – and you might not even know yet if you are – then you’ll love the life of a celebrity that publicity from a book can bring about. Think Suze Orman. Martha Stewart. Donald Trump. We all recognize these names from television – people who began, just like you and me, as entrepreneurs writing their first books as marketing tools. They’re now widely recognized as the top experts in their respective fields, get called by CNN and MSNBC to serve as news pundits, and regularly appear on The Today Show and other popular programs. In recent years, authors have even been asked to do their own reality shows. If celebrityhood with all its glamour and glitz appeals to you, remember: the first step down the red carpet is to write that book!
15. Non-Profit Organizations. You can package and sell books in bulk – usually discounted or at cost – to non-profit organizations for use in their fundraising drives. The group puts them into gift bags or donor baskets used to solicit donations. In this way your book finds its way to donors and philantophists, who are frequently high-income or wealthy. This is a win/win situation for everyone involved.
16. Corporate Sponsorships (see below). After you’ve written a book and developed your platform enough to make you a business celebrity, doors to corporate sponsorships will open up. David Bach, the author of The Automatic Millionare and Smart Women Finish Rich obtained sponsorship from Wells Fargo Bank, becoming a spokesperson for their financial services.
![]() David Bach for Wells Fargo |
Long-term homeownership is the key to growing wealth and financial security. The Great American Homeowner Challenge, sponsored by Wells Fargo Home Mortgage and financial coach David Bach, is inspiring millions of Americans to buy a first, second or investment home. “The single most important investment a person will ever make is a home — it is the secret to building life-long security.”- David Bach, The Automatic Millionaire HomeownerTM . |
17. Repurpose Your Book. Finally, books these days have way more than one or two lives. Time was, a book came out in hardback, and a year later in paper, after which it hit the remainders pile. When audiotapes became a trend, books got a third spin. Today, thanks to the Internet, a book has even more incarnations: as an e-book and a podcast, to name just two. As technology changes and grows, we’ll no doubt see more ways to increase a book’s lifetime and, therefore, its earning potential.
Now that you know 17 ways to make money on your book, what are you waiting for? Write that book!
She wrote an entire manuscript in just 17 days… really she did!
Actress, entrepreneur and teacher, Melissa Steach, wrote her book in just 17 days. Now she feels totally empowered, because she has the skills to publish her book, market her message, and make more money. Listen to her story:
17-Day Book Challenge Produces Results!
17 days ago, Sanyika Calloway Boyce, aka “The Financial Fitness Coach” and @mediastarr, had an idea around her second personal finance book – and that was all. Now, 17 days later, she has her final cover and a rough draft of her manuscript, which she will take to traditional publishers or self-publish. Either way, at the end of the day, she is in CONTROL and has her book DONE!
I love it! PURE ACTION. Do you want these sort of results? I bet you do. Go to http://www.17daybookchallenge.com NOW and I will show you how…
And the last of the 17 myths… drum roll please
11. A book has to be on television to get anywhere.
Yes, getting onto Oprah’s show is the hottest ticket in books – but that’s because of Oprah, not television. When she likes a book, she pushes it, and she has a huge audience of readers who value her opinion. Other than that, though, television’s dead as far as book-selling goes. New media is where it’s at: you can sell more books on Twitter than if you are on the fourth hour of the Today show. Period.
12. In order to sell, a book has to be really great, and get rave reviews.
Again, your book is a tool, a calling card – and selling it isn’t about content, but marketing. The marketing of the book is more important than the book itself – so put most of your time, energy, and resources into that.
13. Writing a book is like going through labor; every book is its author’s baby.
Too many authors promote their books the way a mother shows off her first baby – believing it’s just too precious, and expecting everyone else to feel the same. This comes from old romantic literary notions. Well, it’s time to throw out the baby and the bath water. No author should be that attached, or have that much ego-involvement, in their book. It is not a baby, yours or anyone else’s. Treat your book as what it is: a great tool containing valuable information.
14. The inside of a book should be elegantly designed.
This is for all those people who want to add illustrations, and color, and formatting… All those bells and whistles cost a lot of money. A good book sells; a fancy book just prolongs the manufacturing process, delaying revenue. Spend your money on marketing instead.
15. You can’t judge a book by its cover.
Maybe not – but you can attract more potential buyers with an eye-catching cover than with one that’s boring or aesthetically unappealing. A great cover is worth the investment.
16. I am the only person who can possibly write my book.
Maybe you’re the only one who has your exact information, but for a reasonable price a good editor or even a ghostwriter can whip that information into shape. I’ve had great success with ghostwriters who pick your brain, read your ideas, and transform them into clear, concise, readable prose. If writing isn’t your forte, consider taking this route. It can be well worth the investment. Just remember – the better the editor or ghostwriter, the higher the fee.
17. A well-written book will become a best-seller.
Good writing doesn’t create best-sellers; demand does. I don’t think I’m exaggerating when I say that millions of great manuscripts are languishing in personal computers or desk drawers. It’s sad but true that many good or even great books never see the light of day, and many genuinely talented writers are employed as everything from bankers to technicians. The publishing world is not a meritocracy. It’s only when your book gives people something they want that your book might even begin to approach best-sellerdom.
More myths revealed…
Here are myths 6-10
6. I can’t write. Even if I could, it takes years to write a book.
If you can tell a story, you can write. Just get rid of the stereotype in your head of the writer brooding in front of a blank computer screen with a mug of coffee, a supply of No-Doz, and a walloping case of anxiety. As with any skill, the secrets and strategies of writing, and of fast writing, can be mastered by almost anyone. A decent book doesn’t have to take more than two months to write. It won’t be Hemingway – but who needs more Hemingway? Your goal isn’t to create sterling literature, but to convey a message in coherent, articulate English.
7. You can get a big advance from a major publisher by submitting a proposal.
Good luck. Approximately 98% of proposals sent to acquisition editors are rejected. In fact, more major publishers like Simon and Schuster are adopting a self-publishing formula to mitigate financial risk.
Besides, it can take as much if not more time and energy to write a proposal as the whole book, so why not just write the book? In my opinion, book proposals are a waste of time – spend your time developing a marketing proposal.
8. Like rich cream, an amazing book will always rise to the top.
Wrong! Except for literary fiction, publishers aren’t looking for amazing as much as they are hot topics and authors who’ll work at selling. And most readers don’t want amazing as much as information they can use. If your book, for instance, is about a startling new method of knitting, which is currently enjoying a huge resurgence, a publisher is more likely to grab it up than some amazing book on an obscure topic. It’s when you create something people want, and figure out how to tap into the market, that your book will have the chance of rising to the top.
9. A good book always finds its audience.
Purely magical thinking. Books don’t walk around all by themselves looking for an audience, and publishers want books with a built-in audience, like the knitting aficionados referred to above. It’s up to you to identify your audience and gear your book in that direction. If you can present your book to a publisher coupled with a target audience, you’ve gone a long way towards building an effective PR campaign.
10. Find a publisher who does marketing, or hire an expensive PR agent.
Wrong! When it comes to publicity, you are it. The traditional, formulaic marketing processes that are still relied upon in the publishing world are antiquated and mostly ineffective. Sending out a few review copies and hoping they’ll lead to an appearance on The Today show is no longer the only – or the best – way to sell books. These days every author, self-published or not, has to take the marketing end of the business into his or her own hands, create a marketing strategy, and network like crazy, primarily online.
Amazon Bestsellers… Making thousands Coaching and Speaking… Lobbied in DC
- Alicia Dunams to Present at Keynote Mastery LIVE!
- How You Can Easily Self-Publish A Book To Build Your Brand and Grow Your Business
- Ricki Lake Talks Women Writing Books
- [Case Studies] 3 authors profiting from writing a book
- [Guest Post by Ana Maria Sanchez] How my book given me incredible credibility and visibility



