4 Ways to Finance Your Book Idea

Some people who know me, know that I’m pregnant…..with book ideas.  No more babies haha. I have known since I was 8 or 9 that I was called to write at least one book.  I wrote my first chapter book in a Composition Notebook at 8 years old then life happened.  I never forgot that dream.  This day and time is the perfect day to be a writer.  One of the things that often hold people back is having the money to fund it.  There are so many options to help you finance your book idea.  The best part of all is that it really isn’t that expensive and you can self publish.  Here are my top 4 Ways to Finance Your Book Idea

  1.  Sell all unused or un needed items in your home/Bootstrapping

First of all one of the best ways to get a boost of cash to help start any business/write a book, is to sell things on swap pages, Craigslist, and consignment shops.  This will help you get at least your basic equipment that you may not have.  Computer, software,etc…  Apps like Canva Premium will help if you are doing an e-book.  You can create your entire e-book in Canva.  

 

2.  Ask your Warm Market

First you ask  the obvious mom, dad, sister, brother, etc.  Make sure to come up with a 1 or 2 minute intro about your book idea.  You can post a video on your social media, call friends and family, or set up a Patreon,  or paypal.me and promote it for all to see.  This is usually the best way to get started.  However, I do understand that not everyone has a support system.  Even those who do have a support system may need to make more money than what their support system could afford.

3.  Sell your services

Rake leaves, babysit, clean homes, knit hats.  Whatever you can do do that.  Take that money and immediately put it into your business account and invest that into your book. You can even get small writing jobs from home to supplement.

4.  Get a loan

I had to put this because it IS an option….but I don’t recommend it.  Many books take years to recoup your investment  but you can fund a book on a very small budget.  You could even start it as an e-book which cuts some cost and then later on send it to print, or create an audio book for it.  Loans are not necessary in this situation.  You don’t want to go into debt to make the book so that when you finally start making money you gotta dig out of the hole that you dug.

 

College is a great investment if you are wanting to be a writer.  You could become a professional in your topic of choice, learn more about publishing and marketing and writing as a whole.  If you are wanting to go back to school/or have college aged children and learn more for your craft check out this scholarship from Capital Alliance.

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