How much does it cost to self-publish?

Now that we’ve covered how long it takes to self-publish a book, how much does it actually cost?

Let’s take a look at what we’ve covered so far:

1. Writing
Unless you’re paying someone to ghostwrite for you, you shouldn’t have any expenditure here. Well, maybe about RM100 or so for paper, pens, and printer ink. But if you want to be that nit-picky, you can count the cost of electricity, internet, food, water, etc.
Expected cost: NIL

2. Editing
Editing costs depend on the type and level of editing required. Here are the various types of editing, in suggested sequence:

Developmental editing

This looks at the overall big picture of your novel. How strong is your plot? Is there a plot hole big enough to drive a car through? Is there enough tension? Are there any slow, boring parts? Does your story make sense? Is backstory a problem (either too much or too little)? How can we improve and polish this story until it’s not just ‘good’, but ‘exceptional’? It’s pretty hard to find developmental editing here in Malaysia, but the numbers we’re seeing online estimate anything from USD1,000–USD6,000.
What we do have in place of this, are writing mentors, foremost of which is Gina Yap Lai Yoong. Hang about the Malaysian Writers Community and/or Twitter to see when some of our writers are looking to pick up new mentees! Most of these come at no cost to you, other than putting in the hard work and probably belanja-ing your mentor to dinner once in a while. An alternative is to find a critique group or beta readers that have great story sense that you can trust to give you honest feedback.

Line editing

A line editor goes into the nitty-gritty of the manuscript, focusing their red pen on everything from specific words, to sentences, to paragraphs, to chapters. They look at strengthening your work in terms of style, flow, structure, and readability, besides the usual correction for spelling, grammar, punctuation, and other basic/common language mistakes. Do your sentences flow well? Is your POV consistent? Do you flop between tenses? They may also help pick up obvious continuity issues—do you say A in Chapter 1 but then change it to B in Chapter 8?—though they won’t be going into the plot development itself. Line editing for a 50,000-word novel would range between RM3,000 to RM5,000 here at Teaspoon Publishing.

Proofreading

This is your final line of defence! At this stage, you’re pretty much just catching typos, concentrating on spelling, grammar, and punctuation, as well as other basic/common language mistakes. Proofreading for a 50,000-word novel ranges from RM2,000 to RM4,000 here at Teaspoon Publishing.

Some people tend to skimp on editing and jump right into just a quick proofread or do nothing at all. This isn’t really advisable, even if you’re an editor yourself, because it’s hard to find your own mistakes. It’s also really, really hard to tell if there are continuity issues or if things are confusing in your own manuscript because you know everything in your head. However, what’s in your head may not have all made it out onto the page in a way that others can understand.
If you’re really cheapskate (or you have really good friends), one way to save on this is to do a barter trade with your writer/editor friends, like I’ll edit your manuscript if you’ll edit mine. The results may not be really the best unless both of you are professional editors.
Expected cost: RM2,000 – RM5,000

3. Cover Design
A premade cover sourced online could cost about USD40 – USD80. An original cover could cost between USD100 – USD500, or more. We’ve paid between RM400 – RM750 for our covers. We recommend looking up Charis Loke Illustration and Magpie Designs!
Expected cost: RM150 – RM750

4. Formatting
Frankly, it’s not that difficult to format your own books—but it IS time-consuming, time that could be better spent writing your new book or doing marketing (ha). At Teaspoon Publishing, formatting generally costs RM60 per ebook format and RM100 for print layout (text only).
Expected cost: RM60 – RM280

5. a) Online publishing
The various platforms / distributors mostly take a cut of sales, generally between 30% – 50%. At the $0.99 – $2.98 price point on Amazon, they take a cut of 65% (I.e. you get 35% royalties on sales).
Expected cost: NIL.

5. b) Printing
Printing costs depend on bulk. If you’re only printing 100 – 200 copies, you might want to check out these print-on-demand (POD) and/or book printing services:

Please note that we have not dealt with these services personally, but they have been referred to us or recommended on forums.
The higher quantity you print, the cheaper it is per copy.
OR, you can skip doing a local print run altogether and do POD with Lulu / CreateSpace / Ingram Spark. With this service, readers around the world can buy a physical copy of your book and have it shipped directly to their doorstep. You won’t have to pay anything upfront – the printing cost is taken out of the sales price & royalty paid to you. You can also print small batches of your book at their author price (cost of book + small markup for the printer)—but shipping from overseas is often the expensive bit.
Expected cost: ???

6. Distribution (for print)
This doesn’t appear in the timeline for self-publishing, but it’s a cost that you might want to consider if you want wider distribution if you decide to print your book. Most independent bookstores will ask you for a 30% – 40% “discount” on your retail price. This means that for every book you sell at RM20, they’ll pay you RM14 (30% discount) or RM12 (40% discount). This is how bookshops make their profits.
However, getting into chain bookstores (MPH, Popular, Times, Kinokuniya, Borders) normally needs you to have a distributor/agent. The only options we’ve come across so far are Inspiration Hub (30% royalty) and GerakBudaya (approx 55% discount). You’ll have to decide for yourself if this is cost you’re ready and willing to bear.
Expected cost: ???

All in all, self-publishing an ebook may cost you between RM2,200 – RM6,000—and that’s not even including print! Yet 90% of this cost is from that one step you really shouldn’t skip: editing.

 


 

At Teaspoon Publishing, we believe in empowering authors to take control of their career. If you need a boost on your journey, check out our Publishing Hub to see how we can help!

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