How do you manage your self-publishing budget?

thIt is not a cheap business to self-publish a book and there are certain things – in my opinion – which are essential to invest money in before you even consider putting your book out there; a professional edit and a quality cover design are just two of them.

As with everything you can shop around for editing prices and cover designers but at the end of the day, if you don’t invest money into these two crucial elements, then I believe you are only cheating yourself.

When I decided to self-publish I allocated myself a budget and out of that I have paid for both an edit and a cover design and have purchased a block of ISBN numbers for this and future books. In addition my budget will cover the cost of title set up with Ingram Spark (print on demand and catalogue provider to bookshops worldwide) but that is about it. After that, the budget is pretty much done.

In order to tackle marketing I am currently enrolled on a Digital Marketing course with Shaw Academy and plan to take the Social Media Marketing course with them too. I was extremely fortunate to get both of these courses at a vastly reduced cost and there is no doubt that they are hugely beneficial, however, beyond that there is not much in the coffers for marketing itself.

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As I pondered this today it occurred to me that in order to get money to market my book I need to sell it, yet I need to market it to sell it – so it’s a catch 22 situation. There are, of course, several free ways to market my book, but I know that I need to put a solid marketing strategy in place to have any chance of success. This may or may not involve additional cost.

Yesterday I was offered a way to obtain all the marketing support and advice I could ever want Рyet it is sadly cost prohibitive and so I wondered what all of you self-publishing authors out there are doing? How do you manage your budget? Do you pay for marketing or do you stick to free marketing options?

Any and all thoughts and advice, gratefully received.

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