At Fiction Profits Academy, we ensure clarity about the investment required to launch and sustain your publishing career.
Here’s a detailed look at what you can expect at different stages of your journey with us:
Initial Stage (0-6 months): If you're just starting out, we suggest beginning with shorter books (10,000 to 30,000 words).
The cost for ghostwriting these books ranges between $100 and $300, based on a rate of about $0.01 per word.
This is a great way to enter the market without a heavy upfront investment.
Intermediate Stage (6-12 months): As you gain experience and start seeing returns, we recommend transitioning to longer books of about 30,000 to 50,000 words, typically costing around $300 to $500.
Longer books can command higher prices and attract more readers, enhancing your credibility and reach.
NOTE: At this stage, students that are making money may choose to pay more for writing, maybe around $0.02 per word, to get better quality and potentially earn more money.
Advanced Stage (1 year+): After a year, with a deeper understanding of what works and a more established reader base, you might choose to invest more in the quality of your books.
This includes paying higher rates for top-tier ghostwriters and possibly enhancing other aspects like book design and marketing.
Books at this stage might cost $400 to $800 but can significantly increase your profitability through higher sales and reader loyalty.
Cover Design: Throughout all stages, the investment in cover design remains crucial and usually ranges from $20 to $50.
A well-designed cover is vital for attracting and retaining reader interest.
Again, you will invest in better covers down the road once you are making money.
Additional Fees: There will be additional costs for services such as email providers and domains.
Some individuals may choose to spend more or less than the recommended amounts for any and all services.
Please note that these are estimates, and while we strive to outline the majority of expenses, it is prudent to plan for potential additional costs.
Starting a new business often brings unforeseen expenses, so it’s wise to budget accordingly.
Publishing Frequency: We recommend maintaining a consistent publication schedule of one book per month across all stages.
This steady flow of new content helps to keep your audience engaged and grows your presence in the market.