Friday, March 18, 2016

Eight Reasons Every Book Needs a Business Plan to Achieve Success



No matter how you want to publish, and whether you write fiction or nonfiction, you should produce a business plan for each and every book you write and publish—before writing a word of your manuscript. Let me offer you eight good reasons why I believe this is an important practice if you want to achieve success as an author.
1. A business plan helps you hone your message or story into a viable product.
You don’t want to discover after you finish your manuscript that it isn’t marketable. That means no one will buy it—not readers or a publisher. It’s much better to ensure you create a marketable book idea from the start, and then write that book. A business plan forces you to create a focused book pitch, something difficult to do if you don’t know what you are writing about. That pitch offers you, and, ultimately, readers, a clear statement about your book’s benefits, why someone would want to read your book rather than someone else’s book on the same topic or with a similar story. It ensures you provide value to readers in your category and market. If you can’t provide value in the marketplace, you don’t have a viable product.
2. A business plan helps you determine if a market exists for your book.
Before you write your entire manuscript you also want to ensure you know who you are writing for and that you have a large enough market. A large market makes a book profitable.  When you create a business plan for your book, you conduct a market analysis and determine how many potential readers exist for your book and where you might find them. When you know there are enough people in the world who might buy your book, and that you can target them with your promotion efforts, that justifies writing it.
3. A business plan helps you produce a unique and necessary book.
Conducting a competitive analysis, another part of producing a business plan for your book, forces you to take a close look at what other authors in the same category have already done with similar books. You can then compare and contrast their successful books to your own book idea. This helps you produce a book that is unique as well as necessary compared to those already published in the category. You surely don’t want to write a book that is just like all the others. Rather, you want to write a book that is different enough to make it stand out from the pack.
4. A business plan helps you create a marketable structure and content for your book.
A business plan includes a table of contents and chapter summaries (or a synopsis—although I suggest all authors produce chapter summaries). If you go to the trouble of doing this and then comparing your proposed content to your market and competitive analysis, you have an opportunity to tweak your book idea further. When you’ve finished this part of your plan, you stand little chance late in your book writing process of discovering you have produced a manuscript that is scattered, rambling, misses the point, left out important parts of the story, or leaves out essential information.
5. A business plan allows you to tweak your idea for maximum product viability.
At this point in the business plan creation process, you can go back to the beginning and rework your pitch to ensure that your initial book idea matches the final idea you have created based upon market and competition studies. You also can recheck the benefits—the value—you plan to provide readers. If your book sounds compelling, necessary and unique after you make any final changes, you’re ready to begin writing. You’ve crafted a viable book idea.
6. A business plan offers you an opportunity to plan for success.
Whether you self-publish or land a traditional publishing deal, the promotion plans you implement before and upon release of your book determine your book’s success (how many copies it sells). That’s why every book’s business plan needs a promotion section, which is actually a plan of its own.  Since promotion needs to begin the moment that light bulb goes off in your head, it makes sense that you should start planning how you will promote your book before you even begin writing it. To do that, however, you need to have done your market analysis.
7. A business plan helps you evaluate your readiness to publish.
If you plan to self-publish, you could do so at any time. But that doesn’t make it the right time. Traditional publishers determine if nonfiction writers are ready to publish by evaluating the size of their author platform, the built-in readership they have created by increasing their visibility, reach, authority, and influence in their target market.  Author platform can help fiction writers land publishing deals as well. And platform helps all authors create successful books. A fan base, or a large, loyal following of people who know you means a higher likelihood of selling more books upon release. As you create your business plan, you should analyze the size of your platform and determine if now represents the best time for you to release a book.
8. A business plan helps you determine if you are a one-book author. 
The more books you write, the more books you sell. When you write a business plan for your book, you take time to consider spin-off books, sequels and series. This can be important if you want to create a business around your book, brand yourself, or attract a traditional publisher.

Your take-away:
A Business Plan Helps You Produce a Successful Book

All eight of these reasons can be condensed down to one: Creating a business plan for your book helps you produce a successful book. Without creating a business plan prior to writing your book you risk producing a manuscript—and later a published book—with no market value. That means it won’t sell many copies. If you do produce a business plan for your book before you write it, you have a high likelihood of producing a viable—marketable—book idea. That means when you actually write the book and publish it, the book will sell—to publishers and, ultimately, to readers.

Saturday, March 12, 2016

CALL FOR SUBMISSIONS






Submission Guidelines*
The Path
The Path to Publication Group publishes the literary publication – The Path.    You are invited to submit short stories, essays, book reviews and poems for inclusion in the semi-annual issues.  
 The theme for Volume 6 No. 1 is ‘Good Vibrations’. For more information, please visit the websites: www.pathtopublication.net and www.thepathmagazine.com . Past contributors will receive a call for submissions by e-mail, automatically.  
1)         Short stories and essays - 2500 to 7000 words
2)           Poetry - 1 page

Please polish your manuscripts to the best of your ability and, of course, have someone else edit your work before sending to Path to Publication.  Do not format your work: no page numbers, no headers or footers, no footnotes, no paragraph indentations (skip a line for paragraph spacing).  Manuscripts must be submitted in Microsoft Word or RTF form.  Font: Times New Roman - size 12. All submissions must be submitted electronically, as e-mail attachments, to: mjnickum@thepathmagazine.com .
Deadline for Issue #11 is May 31, 2016
All rights are retained by the author, and there will be no compensation for accepted work at this time*.

*Because we are staffed by volunteers, we can only compensate our writers in exposure to our audience.  Our columnists enjoy great publicity for their own blogs, books, websites, and projects.  Many find great reward in doing something good for the world of literature and literacy. You may also purchase add space to further promote your work.

Sunday, March 6, 2016

Query or Synopsis--or Both?

In a query, should the synopsis tell the whole story in a short form or should it leave mystery to the story like on the back of the book?

Queries and synopses are different things. A query should never include a synopsis.

A query is a one-page letter that explains what you’ve written, who you are, and why the agent or publisher should consider your work. A query letter will contain a pitch, which is an explanation of your story in 3-8 sentences. It’s like the text you see on the back of a DVD box. It’s designed to pique your interest. A pitch, like the back of a book or DVD, will not spill the beans regarding the ending.

A synopsis is a front-to-back telling of what happens in your story. It’s like sitting down with a 12-year-old and explaining your entire story in about five minutes. You explain who the characters are, what the conflict is, the three acts and, finally, what happens at the end (e.g., the villain dies). So, in a synopsis, you do indeed give away the ending. You would not do so in a pitch, and a pitch is what appears in a query. A publisher will probably ask for a synopsis IF your query has grabbed their attention.

Remember: First the query then and only then, IF REQUESTED, the synopsis.