Virtual Earner

I have been thinking a lot lately about book publishing, as anybody who reads this blog already knows.  Actually, to be more correct, I have been thinking of writing some books and Self-Publishing.  Those are two different things, don’t you think?

I have been published by some medium sized Publishers in the past, and it did not work out all that well.  Firstly, if you let somebody else publish your work, you aren’t going to make all that much money.  When I had a dozen or so books published back in the early 90’s, my royalty usually ran around 12% of the cover price of the book.  On some books I made a little (very little) more, and on some books a little less.  That percentage, though, doesn’t end up bringing you a lot of money.

The books that I wrote in the past were highly niche oriented.  In other words, they were books belonging to a very small category.  The average person would have never heard of them.  However, for people who were also interested in that niche, my books (at least some of them) were well known.  When you are addressing a niche (especially if it is a small niche) you are not going to sell a million books, because there simply are not that many people who are interested in the topic.  Heck, you won’t sell 100,000 probably.  I think that my best title may have sold 100,000 copies over the years, and the book was revised and updated each year.  So, on an actual per-real-book basis, it might have sold 20,000 to 30,000 copies of a single edition.  I considered it successful.

That was back in the early 90’s.  We’re talking nearly 20 years ago.  In those 20 years, the entire game has changed.  We have the Internet where we can self-market things, we can self-publish to a greater (and easier) degree than we could 20 years ago.  It’s a whole new ball game.

Another thing that is new this time around for me is that I have moved on to a whole new niche as well.  My old niche (Amateur Radio and Shortwave Radio Listening) is something that I lost interest in years ago.  My new niche is probably even more narrow than my previous one, which can be good or bad.  Good in that the smaller the niche, the more intense the followers can be, the more they are willing to spend, and the less competition you will have.  Bad in the sense that the smaller the niche the fewer potential customers you have.  However, if you are knowledgeable about the topic, even a very small and narrow niche can pay off big.

Part of my thinking, when it comes to the Self-Publishing game is that I will market my books myself, and not sell them through other outlets.  Some people’s first reaction is - “but, you’ll sell through Amazon, right?”  Well, no.  My intention is not to sell through Amazon or any other outlet, but only through my own websites.

Why?

1. In the area that I am writing about, I believe that I am so well known that I can produce enough sales on my own to make me very happy with the results.  I believe that if anybody is interested in the field that I am writing about, if they do a Google search, or any other search on the topic, I will be one of the first people that they find.  Even if I am not the first person they find when searching, if they are serious about the subject, I believe that it is impossible that they won’t find me.  If they are not interested enough to the point that they find me, I doubt that they would be buying any books on the subject anyway.
2. By selling through multiple sources, I believe that I would be turning my book(s) into a commodity, rather than my brand.  You see, if the book is available anywhere you look for it, it is suddenly a commodity.  A bunch of different places will compete on price, thus discounting what I am offering, and thus making it difficult for me to sell it at the full price.
3. By selling it myself exclusively, I can retain some semblance of direct contact with my buyer.  In my niche, one of my marketing tools is that I am available to my reader.  It can be difficult to maintain that availability, but I refine my operations regularly in order to ensure that I remain available, even though my audience is growing.  Having that personal “one-on-one” feel appeals to my readers, and I find that it causes my personal brand to grow and increase in value.  It makes me feel good, and it makes my readers feel that I appreciate them (which I do). If I was selling through Amazon and other such outlets, maintaining that personal connection would be much harder, probably impossible.
4. Amazon is a middleman.  All of our lives, we hear things like - “Avoid the middleman” and such.  Well, Amazon is nothing but a middleman between you and your customers.
5. Having that direct connection between you and your reader can lead to entire new ideas for additional products that you never even considered.  If a person buys from Amazon, they are much less likely to contact you directly with their feedback.
6. I have seen some areas where I feel that Amazon has displayed a “less than honest” way of doing business.  For example, currently they are trying to force self-publishers who use POD (Print on Demand) services to use an Amazon owned service, rather than the POD service that they have been using successfully for years.  This, frankly, reeks of trying to monopolize the market.  In addition, in the past, Amazon has strong-armed others (like Toys-R-Us) who were supposed to be their partners.  If they will play hardball with the big boys like Toys-R-Us, what will they do with little guys like me?  Frankly, I don’t even want to find out.

Well, those are a few of the reasons why I have decided to go it alone, without Amazon, without Barnes & Noble, without anybody but myself.  Here’s the thing…. if I try what is in my mind, and it doesn’t work out to the extent that I believe it will, I can always alter course and go a more traditional route!

So, what do you think?  Is it a wrong path to head down, or am I making the right move?

When it comes to blogging, my niche is related to living in the Philippines.  Even when I write on other subjects, the Living in the Philippines niche is still in play.  For instance, when I write on this site, it is about making money.  Primarily, though, it focuses in on how to make money while living in the Philippines.  Because I live in the Philippines, that is just a big part of my life, and it interacts with just about any subject that I write about.

One thing that I get a lot of is e-mails from other people who want to live here in the Philippines.  One of the most widely asked questions in those e-mails is - “how can I make money while I live there” or “what kind of job can I get in the Philippines.”  Well, my answer to that second question is always the same - you can’t get a job here.  In addition to legal hurdles for foreigners who live here getting employment (i.e. taking jobs from Filipinos) there is the simple fact that employers would rather hire a Filipino in most cases.  And why not, after all, a Filipino can better understand the customer, can speak the same language, etc.  If you do find an employer that will hire you, are you willing to work for a few dollars per day?  I doubt it.  I know that I would not.  I mean, if you are the type that is willing to work for $3 per day in a full time job, you probably shouldn’t even be reading this blog!

So, how can you live here if you are not independently wealthy?  Well, derive your income from some other method, some other source.  That’s why I talk on this site about ways to make money online.  Do things like write books, write websites, sell things online.  There are lots of ways you can do it.  But, the key is to be self employed, and take responsibility for your own well being.

Recently a friend of mine wrote about somebody that he knew who worked for a major corporation in the Philippines, and the company refused to even pay the salary.  When you work for yourself, you don’t have to worry about those things.  Yeah, you will have people who will try to weasel out of paying for things, but after you are in business for a while, you will figure out how to spot those people, and you will also figure out ways to do business where this can’t happen to you.

Basically, if you are looking for a way to get into your own business and earn your own money, take time to read this blog!  Read other blogs on this topic (there are hundreds of them).  Don’t expect the UPS truck or FedEX to pull up to your doorstep with a box of money the week after your start.  It doesn’t work that way.  Indeed, you must work, and the money will come.  Give it time, though, and don’t give up!  Instead of getting discouraged and working a little less day by day, work harder when it isn’t going the way that you want.  It will pay off.

Believe me.  I know, because I’m living the life.

Did you know that eBay is starting an experiment or a test on eBay Australia?  Beginning on June 1, all eBay buyers in Australia must pay for their purchase with Paypal!

That’s right, there will be no option for cash payment, a check in the mail or any other online payment system, the buyer MUST use Paypal.

Did you know that Paypal is owned by eBay?  So, it would seem that eBay is using this method to increase their take on the items that you sell!  I mean, they get a percentage from virtually every payment that goes through Paypal, so this is a money making decision for them.

I don’t begrudge anybody making money, after all that is what this blog is all about.  But, in this day and age, the goal for any company should be to give their customers choices.  The more choices the better.  This move, though, is limiting choices.

eBay has been making a lot of moves lately that are wrong, in my opinion.  Are they hurting for cash?  It would not seem so, but the moves they have been making seem to indicate that they are.  Why?