| Last year, I completed the manuscript for Guards Gone Wild!, a memoir of my adventures in Singapore's private security industry. It was submitted to 4 publishers based in Singapore. As of today, my manuscript has been rejected by all 4 publishers. Singapore being a small country with an even smaller literary market, it is blindingly obvious that it would be a futile waste of time to hang around and wait for fresh and receptive publishers to appear on the scene. Therefore, I have to self-publish. To do that, I will need to raise the necessary fund through crowdfunding. This is the first time I am doing crowdfunding and so, naturally, I am not 100% sure about how I should go about doing things. If there are any self-published writers here who went through the crowdfunding route, please offer your advice and guidance. Thank you in advance. And here's my question: What do people want in return when they contribute to a crowdfunding campaign? Originally, after talking it over with friends, we thought it would be a good idea to offer a free (and signed) copy of my book to any Singaporean donor who donates at least S$10 (the intended selling price of my book). But now, I have just received the price estimates for various essential services related to the publication of a book, such as cover design and layout and copy editing and so on and so forth, and the total cost comes up to S$6960! And at the end of it, I get 500 printed copies. 500 copies. That makes our 1-free-signed-copy-for-every-$10-donation offer mathematically impossible. Because if $6960 is needed, then that would mean 696 ten dollars are needed and that means after giving away all 500 copies, I will still need to come up with an extra 196 copies to give away. And how am I supposed to do that? I could make it if I offer a free signed copy for a $20 donation but then, that would make it look like I am overcharging them for the book. So if giving away free copies to donors is no longer feasible, what can I do for the kind people who would be donating to my crowdfunding campaign? |
| Yeah, for the first time only, the price for printing 500 copies will be very high. Because I am including the one-time fees for the designers, the layout artist and the copy editor. After that, it will cost me just S$2500 to print 500 copies. At 5 bucks per copy, I can afford to sell my books at 10 bucks per copy. And hey! I love your idea about putting the donors' names in print! I could use that. A private dinner may not be feasible though, if there are a lot of donors... |
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