Interested in how to start a publishing company? If you are like many people, the prospect of creating your own publishing company is intriguing and scary at the same time. On one hand, you have the ability to control how your manuscript is handled, produced and marketed. On the other hand, you may be overwhelmed at the idea of creating your own publishing company. Fortunately, the entire process is easier than you think. Here are the steps you should take to start your publishing company:
Determine Your Intentions
If you are looking to create your own publishing company, you fall into one of two categories. The first one is that you are an author looking to self-publish. The second category is that you want to start a small publishing company for others to publish through you. Because it is almost impossible to do both, you should narrow your scope to one of these categories.
Create A Business Plan
Every business can benefit from a solid business plan. Your business plan should not be entangled in never-ending legalese. It should be written in a straightforward, easy-to-understand language. The purpose of your business plan is to define your ultimate goals and explain how you will reach them. For a publishing company, your business plan should include how you will manage your daily operations and what fees will be associated with starting your business.
As a publishing company, you will need to get a business license and an Employer Identification Number (EIN) for tax purposes. It is a good idea to incorporate your publishing company, so that you will not be personally liable for lawsuits or if your company must file for bankruptcy.
Purchase An ISBN Block
ISBN stands for International Standard Book Number. This 13-digit number is essential for bookstores because they use it to order and catalog your books. These numbers come in blocks of 1, 10, 100 or 1000. Rates start at $125 for a single ISBN and venture up to $1695 for a block of 1000 ISBNs. The higher the block number you purchase, the lower your fee per book.
Choose A Book Packager
Unless you are interested in using a book publishing software to design your own books, it is a good idea to contract with a book packager. Book packagers handle all visual and design aspects of your books, including cover design. Another important service that some book packagers provide is editing.
Choose A Printer
Find a printer by sending out a Request for Quote form. Once you receive the price quotes for 10 printing companies, evaluate your choices. Which printing company provides the most service for the money? Which provides the type of quality that you want? Take your time to research the companies before settling on your favorite.
How do you write business plans for publishing companies? Publishing is a creative industry, but you need to follow a straightforward, basic format to create a successful business plan.
By learning how to become a publisher of magazines, you can release your favorite material to the whole world. The real trick to it is figuring out how to be profitable.