Here's some encouragement for anyone considering self-publishing. Last night I was preparing data for our annual meeting with the accountant to file income taxes. Given publication of my book in September 2008, under law I must report expenses and income related to that endeavor. Yes, income tax is statutory. It's in Title 26 of the United States Code, despite the wailing of stupid tax protesters who claim otherwise. They probably mean it's not in the Constitution, which is correct. But you can Google and find arguments that it's not lawful or it's not in the law. Wrong. You may not agree with the law, but it's the law (until it isn't - which of course is the solution).
But I digress. . . . I'm proud to report that I spent $2761.29 on publishing, marketing, and promotion of The Beat Handbook in 2008.
During that same period I earned a whopping $468.12 on sales (that includes Amazon sales, personal sales, Amazon referrals from my website and blog, and Google Adsense).
That's a net loss of $2,293.17.
Not bad for less than four months work.
You should see how my stocks did in 2008! I'm a money maven for sure.
At this rate I'll be as broke as Jack was.
Hmmm . . . . can that be a bad thing?