Be an Earning Author: Why I wanted to publish my own book

Saturday, May 1, 2010

Why I wanted to publish my own book

book open at the middleI am an accountant by profession. Back in my college years my professors wrote their book and sold it to us. Easy money right? Yeah but the problem with that is that the books they did seem to be just made for that, easy money.

When a writer gets its book published part of the sale price goes to him and part goes to the publisher. The writer creates the content and the publisher prints and sales the book.  The pay the writer gets is what we call royalty. When one creates a book one earns by getting royalty for the work done. For every book we buy he/she gets a share. So the earnings in that sense is exponential if the book the writer made sells like hot cakes that once it is out everybody buys it. 

JK Rowling and her Harry Potter
One great example is J.K. Rowling who made millions of money when she wrote the Harry Potter series. One good thing about having a work that pays you by royalty is as long as someone buys your work you get a share, imagine that when your book is a best seller and everyone wants to grab a copy how many earnings would that generate?

But besides the mojo, writing a book to spread knowledge is one driving force most writers have. Books about business and investing are not really that interesting but a lot of people buy it because they want to know something. They wanted to know what an expert will do when faced with hardships in running a business. Being an expert on the topic alone will create a following, thus writers like Bob Proctor and Rhonda Byrne have made such hit and into some point a cult following because of their areas of expertise.
Rhonda Byrne author of The Secret
On my part my expertise is accounting or should I say it first my field of specialization is accounting. Back in college most of us students don't really understand what our professors are saying. We are able to answer our exams because most questions are just picked up from reviewers like the one published by Wiley & Sons. I wanted to write a book not only to guide students to truly understand and appreciate the subject but also to guide business people who does not have a background in accounting.

Yes one can hire an accountant or just buy accounting softwares like QuickBooks, Peachtree, and others to process their business documents but accounting is more than that. Recording is made in order to have a data on which a business owner can analyze information to help him figure out how to run the business better. My objective is to write a concise book that acts as a guide and handbook for both students and business owners.

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