I've been reading numerous books on how to self publish and get your name out there. I have decided that self publishing is the only smart thing for me to do as a new author. I have a plan for marketing, but I'm wondering just how much money (aprox.) is this going to cost?
I should mention that I'm a college student that gets about 200-300 a month from my job, so saving up for a heftier amount will take quite some time.
As I've said, I've been reading self publishing books. One of the books I've read says that I need to file taxes and such and start my own corporation which can take anywhere from 10k to over 50k. Is this really mandatory, or could I just stick to LuLu and other similar companies, where the profit is split and the creation of the physical book is done for me?
If that's the case, then I can save myself time and money and put the money towards a more detailed marketing plan. I plan to buy my own web domain (which can range to 10-30 dollars a month), and take part of some other online and off line advertisements. I'm giving my self an annual budget of 500 dollars. Would this be a reasonable amount or should I opt to invest more in advertising? (Of course I’ll be taking part in free promotional offers and working with bloggers and fellow authors to spread the word.)
Thanks so much for the help! I really appreciate it.