I’ve been a self-published author since 2008. My first book, Rich Habits. went on to become an Amazon bestseller in the U.S., Canada, the UK, Australia and India. Two subsequent books also went on to become bestsellers. One of them, Rich Kids, even won an award from Writer’s Digest, a well-respected trade publication for writers.
But, none of my success came easy. At every step, I encountered obstacles and setbacks.
After completing the manuscript for Rich Habits, I spent six months trying to secure a literary agent. I sent out over 140 query letters to literary agents in my genre (self-help). About half ignored me and about half sent me rejection notice after rejection notice.
After that major fail, I spent another six months sending out query letters to over a hundred publishers of self-help books. Only ten cared to respond and all ten said, “no thanks”.
I wallowed in depression for some time. As I saw it, two options: quit or self-publish. I decided to self-publish.
Being a self-published author is not a choice for most authors. Rather, it’s a fallback option for authors who are ignored or rejected by literary agents and traditional publishers. It costs money to self-publish I found out. I spent close to $20,000 to self-publish my books. I spent another $50,000 for PR companies, publicists, book promotions, book giveaways, travel (speaking engagements), website revamping/tweaking, and many other costs, too painful to recount.
Despite all of my mistakes and failures, I nonetheless succeeded. I learned that success in the author business requires daily dedication. It’s almost a full-time job. In defense of traditional publishers, they know most self-published authors won’t do the things they need to do in order to succeed. Those few who are committed to becoming successful authors, do three things every day for many many years.
The Three Daily Habits of Successful Authors [Read more…]