Want to Write a Book? An Expert Shares What You Need to Know
Professional ghostwriter poses some important questions that any would-be author might want to consider before diving into such a challenging task.
![An older business executive sits at his desk and takes notes in front of his laptop.](https://cdn.mos.cms.futurecdn.net/hdLEZsMWEihtvEKMz69SpC-1280-80.jpg)
“I am the fourth-generation CEO of our family’s agricultural services business. I want to write a book about our history, the people who have been at the helm for over 100 years and show our business community just how dedicated to their needs we have always been, so there is a PR benefit I’m trying to achieve. Candidly, I don’t know a thing about what’s involved. Have you some suggestions on how to get started and how to not get taken advantage of by the internet ads I see about giving them two hours of my time and they will create a best-seller? Thanks, ‘Scott.’”
Advice from a book collaborator
I ran Scott’s question by Caroline Lambert, who is an internationally recognized ghostwriter and book collaborator. She provided down-to-earth recommendations for anyone who is thinking of writing a non-fiction book. Lambert began our interview with these cautionary statistics and highly focused questions an author must not fail to answer:
“Only 10% of all books sell 10,000 copies in the first year, which pays for the publishing costs. Below that, a publisher does not make back its money. Statistically, few books even sell 1,000 copies. Very few sell a million copies. If someone goes into it thinking to sell millions of copies and become famous and rich, their odds would be better in Las Vegas!”
![https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png](https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-320-80.png)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Still, she points out, there are valid reasons to write a book that may only sell just a few copies — such as family memoirs. Whatever your motivation, it is critical that you do not fail to ask these questions:
1. Why do you want to write this book?
- Who is your audience? What do you want this book to do for your readers?
- What questions do you want to answer for them, or what problems are you trying to help them solve?
- What do you want this book to do for you? What are you trying to achieve? Are there some ideas that you want to share? Is your purpose business promotion, services that you want to sell? Or are you writing just for your family?
The answer to the why is that you need a central thread that ties everything together so that you never lose track as to what this book seeks to accomplish and who you are writing it for.
2. How much staying power do you have for this? (Hint: It takes more than just time.)
Writing a full-length book by yourself requires a lot of staying power. Besides skill, it takes effort and time. Unless you are clear as to why you are doing it and have a compelling reason that gives you a desire and motivation, at some point, you may hit a roadblock, such as getting stuck on a structure issue or some other frustration.
So, you’ve got to keep your eyes on the finish line, or maybe you’ll write a chapter or two and put it on the shelf, never finishing the book.
3. Do you have what you need?
- Do you have enough material, or do you need to do research? Are interviews needed?
- How much time do you have to write?
- Do you have the skills to write a book by yourself?
4. Should you consider working with a ghostwriter or writing coach?
A ghostwriter is a professional writer who writes on your behalf — and “becomes you” in terms of style and voice. Authors who don’t have the time or skills needed to write a book often go that route. Even though it is faster than doing it yourself, don’t expect your book to be written in a week, however. It can be a long process. Reputable ghostwriters will have a proper contract that sets out the various rights and responsibilities each of you have, including whether their name will appear on the book cover with yours.
A writing coach supports you through what for many is the challenge posed by writing itself, but you hold the pen.
5. What kind of publishing will you do? Traditional, hybrid or self-publishing?
If traditional publishers aren’t interested in your book, or you’re not interested in traditional publishers, then you can self-publish.
Self-published authors are responsible for all of the costs in book development: production, printing, distribution and marketing, but retain all of the profits (if any!).
You can do it all yourself or turn to companies that can help with self-publishing. Beware of publishers who advertise “Give us two hours and we will write a bestselling book for you.” Research, research, research them! Use your business judgment. Are they reputable? Do they produce good-quality books? (You can read more about this in my article You and the Law: Author in search of a publisher? Beware!)
If you’re aiming higher on the quality scale, then hybrid publishing could be the right choice, as it is often described as a partnership with shared responsibilities, guidance and control throughout. Authors still cover most of the costs, but hybrid publishers typically bring expertise honed in traditional publishing.
Lambert concluded our interview with this observation: “Never forget the why.” Find out more about her and what she does at her website, carolinelambert.com.
Dennis Beaver practices law in Bakersfield, Calif., and welcomes comments and questions from readers, which may be faxed to (661) 323-7993, or e-mailed to Lagombeaver1@gmail.com. And be sure to visit dennisbeaver.com.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
After attending Loyola University School of Law, H. Dennis Beaver joined California's Kern County District Attorney's Office, where he established a Consumer Fraud section. He is in the general practice of law and writes a syndicated newspaper column, "You and the Law." Through his column, he offers readers in need of down-to-earth advice his help free of charge. "I know it sounds corny, but I just love to be able to use my education and experience to help, simply to help. When a reader contacts me, it is a gift."
-
Stock Market Today: Markets Turn Lower on Nasty Inflation Surprise
Equities sold off after a hot reading on consumer price inflation pushed back rate cuts to autumn or year-end.
By Dan Burrows Published
-
Social Security Payments Were Suspended for Some Americans Abroad. Were You Impacted? If So, Here's What to Do
Retirees living abroad must complete a questionnaire every 1 to 2 years when sent by the SSA. Failure to respond can lead to the suspension of your benefits; here's how to fix it.
By Donna LeValley Published
-
These Two Issues Are Critical to Efficient Retirement Planning
You're saving hard for retirement, but if you're not thinking ahead about taxes and the cost of health care, your savings — and your legacy — could be at risk.
By Cliff Ambrose, FRC℠, CAS® Published
-
How to Use Good Debt (While Identifying and Avoiding Bad Debt)
Not all debt is bad, but knowing the difference between good debt and bad debt and how to use them can help you get ahead financially and stay ahead.
By Mike Decker, NSSA® Published
-
Four Potential Tax Changes to Keep Your Eye On
Many taxpayers may be surprised by a larger tax bill if the TCJA isn't extended. Check out these proactive strategies to help mitigate some of the impacts.
By Adam Frank Published
-
What Can Happen if You Live Together Without a Cohabitation Agreement?
Lots of people live together without being married, and there's nothing wrong with that, but if things go south or one partner dies, complications can ensue.
By H. Dennis Beaver, Esq. Published
-
Six Risks of Delaware Statutory Trusts in 1031 Exchanges
Here's how proper preparation can help you successfully navigate these DST risks, from market uncertainties to structural limitations.
By Daniel Goodwin Published
-
Financial Strategies Borrowed From the Big Game's Playbook
Like the best football teams, you can win at financial planning by executing a strategy, making halftime adjustments and staying focused on the ultimate prize.
By Frank J. Legan Published
-
Three Ways to Plan Now for a Social Security Shortfall Later
The outlook for Social Security is gloomy, but you can save now to protect against benefit cuts later. If the cuts don't happen, you'll still be better off.
By Tyler Jones Published
-
Toyota Recalls More Than 140,000 Vehicles Including Lexus SUVs
Toyota issued a recall affecting Tacoma and Camry models, as well as the Lexus RX and NX vehicles.
By Sean Jackson Published