There are ten business models for indie authors and all of them depend on integrating three aspects of author business: making (books and other products and services), managing (money and other business processes) and maximizing (growing income and influence).
The ten models are:
- Book Sales Only, One Outlet: Write Fast, Publish Often
- Book Sales Only, Going Wide: Multiple Formats, Multiple Retailers
- Book Sales Plus Speaking or Performance and Other Content
- Book Sales Plus Teaching: Supported Learning
- Book Sales Plus Reader Membership: Benefits for Close Readers
- Book Sales Plus Influencer Income: Sponsorship or Advertising
- Book Sales Plus Patronage: Support from Grants, Endowments, Awards or Bursaries
- Book Sales Plus Affiliate Income
- Book Sales Plus Rights Licensing
- Combination Model
Thanks to the global reach of self-publishing now and the variety of platforms and formats available to us, each and all of these can deliver a sufficient income to an author now,
But bringing them together in our daily work needs us to master three very different skill-sets, each of which views time, work, money and success in quite different ways.
No wonder indie authors often feel overwhelmed.
The key to overcoming confusion is to understand the three aspects of the indie author business. I think of this as wearing three hats.
The Three Aspects of Author Business: Three Hats
- You put on your Maker Hat for the work you need to do in your business: your creative projects, products and campaigns (produce)
- You put on your Manager Hat for the work you need to do on your business: your creative assets, your team, your processes, your profits (process)
- You put on your Maximizer Hat for the work you need to grow your business: your creative ideas, pitches and publications. (promote)
Your success as an indie author will reflect how well you do, and balance, these three.
Today’s indie authors have more in common with other creative entrepreneurs than with how authors of the past succeeded.
See below for their perspectives and vision, wants and bewares and how each of the three organizes time, work.
See Ornaross.com/gocreative for more on this.
Join our Facebook group to map your intentions, wearing your three hats, each Monday and to log to actual accomplishments each Saturday
The Three Aspects of Author Business: Maker (Produces)
- You put on your Maker Hat for the work (and play) you need to do in your author business i.e. writing.
While some authors think of writing only as the work done on the book, maker work also includes the writing you do around your book: blurbs, press releases, explainers, trailers, ads and so on. If you offer other products for sale like courses or merchandise, it’s also creating the content part of these projects, products and services.
If you also offer a service like mentoring or consultancy, it’s the content of those services too.
So how do you think and act when in Manager mode?
- Author Maker Job: The author as maker considers the job is to write.
- Author Maker Wants: More than anything, the Maker craves creativity itself. And the solitude and space to create.
- Author Maker Perspective: is focussed inwards.
- Author Maker abcdeFgs (attitudes, beliefs, concepts, denials, expectations, Fears, guilts:
- attitude: “I’d love to write about…”
- belief: If we build it, they will come.
- concept: Finding and keeping happy customers is a matter of writing great books
- denial: Maker tends to disparage money, management, and worldly concerns in general
- expectation: It will be all right in the end
- Fear: I’m not a good enough writer.I’m not a good enough writer. I’ll never get to do what I want to do.
- guilt: I’m neglecting important stuff
- Author Maker View of Time: The future will be taken care of by what I write today.
- Author Maker Definition of Success: I just want to do well enough to keep on writing
- Author Maker Beliefs About Success: If the books are good enough, I’ll succeed.
- Author Maker Needs To Beware:
- Getting caught in the “I’m creative, not commercial” duality and failing to work on the business
- Blaming others, or wrong conditions, for lack of creativity or production.
- Thinking books sell themselves
- Forgetting about money until the need becomes critical.
The Three Aspects of Author Business: Manager (Processes)
- You put on your Manager Hat for the work and play you need to do on your business: overseeing and directing your efforts, finances and assets.
Managing your creative business well means managing your process and practice so that you create a profit.
So how do you think and act when in Manager mode?
- Author Manager Job: Wearing this hat, the features of the business itself, not just its projects and products, become important. For Manager You, the work of your creative business is to integrate your money and mission, passion and profits into a long-term, scalable, sustainable business with good income and significant influence.
- Author Manager Wants: Manager You craves order, safety and security.
- Author Manager Perspective is holistic. Wearing this hat, we see our business as a system that delivers profit and pleasure to ourselves, and to our team, customers and every one our business touches.
- Author Manager abcdeFgs (attitudes, beliefs, concepts, denials, expectations, Fears, guilts:
- attitude: How can we make sure things don’t go wrong and get smoother processes in place?
- belief: Business is a never-ending series of problems to solve.
- concept: Finding and keeping happy readers is about getting pricing, features, availability and support right, as well as content, and having good problem-solving processes in place for when things go wrong.
- denial: Manager tends to overlook the power of spontaneity and serendipity and disparage belief in the power of the creative spirit
- expectation: If things can go wrong, they will go wrong
- Fear: Maker and Maximizer will run the business into trouble.
- guilt: I shouldn’t be so hard on others
- Author Manager Time: Manager You looks at three timeframes. How we got here, what we’re doing today and the direction we’re taking. The aim is to continuously improve processes and tools to protect the Maker (so craft can continue), and the Maximizer (so growth can continue), and all three together can take the business where it needs to go.
- Author Manager Pace: Slow: attention to detail.
- Author Manager Money: In Manager mode, you think of money as a foundation and a protector. Money provides the protection your Maker and Maximizer need to complete projects. How money is spent, invested or withheld is the truest statement of your values.
- Author Manager Definition of Sucess: Integration of self and business so that income, impact, influence and a secure and happy lifestyle are assured.
- Author Manager Needs to Beware: anxiety, joylessness, rigidity.
The Three Aspects of Author Business: Maximizer (Promotes)
You put on your Maximizer Hat for the work and play you need to do grow your author business: your creative pitches, publications, and partnerships.
So how do you think and act when in Maximizer mode?
- Author Maximizer Job: Wearing this hat, the job is to win customers’ attention and money. To turn ideas into products and products into impact and influence. And as fast as possible.
- Author Maximizer Wants: To grow and scale the business as much as possible. The Maximizer craves influence and impact, wants to be seen and to make a difference.
- Author Maximizer Perspective is focussed outwards. Wearing the Maximizer hat, we see the business as a system for turning ideas into ever expanding value, creative and commercial. Our sights are on partnerships and projects that enable us to grow. Perhaps even looking at how we might disrupt our field.
- Author Maximizer abcdeFs:
- attitude: How can we expand: get more customers and be more productive?
- belief: We must take risks to grow.
- concept: Finding and keeping happy customers is how we make money and meaning, for us and for others.
- denial: Maximizer tends to overlook limitations and make brash claims
- expectation: Growth is good. More money means more opportunities.
- Fear: Won’t be successful.
- guilt: Shouldn’t be greedy
- Author Maximizer Time: The Maximizer starts with a picture of a desirable future, and then comes back to the present to make changes that will measure up to the vision.
- Author Maximizer Pace: As fast as possible, please
- Author Maximizer Defintion of Success: An author business with high performing assets, good profits and extensive influence.
- Author Maximizer Needs to Beware:
- Trying to do too much.
- Forgetting that business services life, not vice versa
- Prioritizing other people’s opinions.
So these are the three aspects of author business.
If you’d like to map your intentions, wearing your three hats, each Monday and to log to actual accomplishments each Saturday, join our Facebook group.
Please comment below about your experience of these three.