Ever thought about self-publishing with Smashwords? If you’re a complete noob like me, here’s 5 things that you might want to know. Best of luck with your publishing endeavors, current or future! Feel free to leave additional questions below (or brag about your awesome self-published book)
1: Pay thresholds: So here’s the deal, if you want to actually get paid you have to make a certain amount of sales. This is pretty typical for publishers, but if you’re someone who has never been in the publishing business before it might catch you off guard. The rule of thumb with Smashwords is 10 dollars of sales for paypal users, and 75 dollars of sales for those who would like to receive a check in the mail.
This means of course (as most writers are aware), that even if you make a little money, you won’t make any money.
2:Quarterly Earnings: Smashwords only pays every quarter, so just in case you thought you might quit your day job right away… ; )
3: Taxes: Taxes, death, and the government spying on you, three things you can’t avoid. If you want to actually sell your book (as opposed to putting it up for free), be prepared to give up your SS number, you know, that number that they always tell you not to give to anyone? This is of course for tax purposes, and also pretty standard with publishers.
4: 15 minutes of fame: Finally something pleasant right? When you first publish your book with Smashwords it will show up on their front page (newest books), for up to an hour or so. The time length depends on how many other people are publishing at the time and pushing your book down and off the page.
5:Premium Inclusion: Smashwords allows you to publish your book in two different ways: solely on Smashwords or, if it makes the cut, on all of the retailers that they facilitate sales to (like apple). Making the cut has a lot to do with content as well as formatting. For example, if you have a book with a nude chick on the cover that is all about her making sweet bovine love, probably not going to make the cut, well unless the sweet bovine love is her devouring a hamburger while stark naked ; )