Writing Book is a Sure Way to Passive Income and Financial Freedom
Do You Wanna To Write Books and Enjoy Royalty Income and Financial Freedom?
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Do Wish to be like J. K. Rowling and be a multi Millionaire?
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Can You Do it Here it Malaysia?
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Writing books has become very popular and a trend today. We all heard of the stories on how J. K. Rowling make his successful Harry Potter series and earned her first million. Almost every authors in the world, tried to emulated her success.
There are two way to publish a book either self publish or get a publisher.
Self publish involve a lot of financial resources as you have cover the cost from A to Z on your own. At the same time you keep all the profits. Therefore, it can be a high risk venture unless you are very famous person like Mr.Milan Doshi, self made Multi Millionaire property guru.
He self published all his books and the books always in a very high demand.
By getting a publisher to publish your book is the easier option for most author. Some publisher have special arrangement where you only submit manuscript and all other works from designing the book cover till marketing and promotion will be handle by the publisher.
The author cost is Time on writing only. Since the publisher do almost 90% of the task, the author may get merely 3-5% profit from the book sales. That is not a way to Financial Freedom!
The secret to successful book writing is you MUST Sell or Promote on your own and NEVER rely 100% to your book publisher. They got limited budget for marketing and so many author to promote.
For those who wish to publish a Book in Malaysia, please read the below comment make by a Malaysian author and do not get discourage.
The reason one writes isn’t the fact he wants to say something. He writes because he has something to say- F. Scott Fitzgerald
P/S: I also will soon publish a book 😀
Lack of support for local authors
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FOR aspiring local authors, there are two avenues open to them for publishing their works.
They can either choose to go to a big name publisher or try their luck in self-publishing.
Either way, it is a known fact that it is impossible for authors to get rich in Malaysia.
Most do it out of passion and many more end up losing money in such an enterprise.
It is not the quality of their work that causes them to fail.
It is simply that there is no support from the powers-that-be to assist local authors and to help promote their books.
Worse of all, there is even a lack of interest from libraries to acquire local titles.
The Deposit of Library Material Act 1986 requires all publishers in Malaysia to deposit five copies of their books with the National Library.
However, interest in these books seems to have come to an end once this requirement has been complied.
The problem is not all public libraries come under the purview of the National Library in Kuala Lumpur.
Each state has its own public library board which maintains its main library as well as its district libraries, branch libraries, town libraries, rural libraries and mobile units.
Each state public library is independent of one another. Neither are they under the control of the National Library.
In Selangor, there are 91 government-run public libraries [See: http://www.ppas.gov.my/v3/index.php?option=com_sobi2&Itemid=7〈=en]. Whereas in Perlis, the smallest state in Malaysia, there are 45 state-run public libraries [See: http://www.perlislib.gov.my/bm/cawangan.asp]. Subang Jaya’s municipal council maintains three libraries – Subang Jaya, Puchong and Seri Kembangan. [See: http://en.wikipedia.org/wiki/Majlis_Perbandaran_Subang_Jaya].
In total, there are more than 500 public libraries in Malaysia and their mission includes encouraging reading, learning and providing the public with access to quality reading materials.
These numbers do not include schools, universities and other private libraries.
Unfortunately, it is practically impossible for local authors to reach out to all the local public libraries.
Even if they are able to do so, there is a lack of interest from them.
Most local public libraries only make book purchases from their pre-appointed agents.
However, this system discourages fair trade and may only promote cronyism and corruption.
Most local libraries also prefer to purchase foreign publications which may contribute to our country’s trade imbalance.
When I self-published my adult non-fiction Malaysiana titled book, I sent out notices to as many libraries as I could, hoping to sell a few copies to them.
After all, it gives me a sense of satisfaction to know that my book is kept in a library where it may be accessed by all and to be responsibly held in perpetuity.
When I e-mailed the Singapore National Library Board via their website, somebody there replied within 24 hours and in the following week, 23 copies of my book were sold to them to be stocked at each of their nation’s public libraries.
I did not receive a single reply from any Malaysian public library.
With the lack of interest from Malaysian institutions, it is not surprising why inheritors of the private documents of former statesmen Tun Tan Cheng Lock, Tun Dr Ismail Abdul Rahman and Tun H S Lee decided to donate these historical papers to a private institution in Singapore.
Clearly, even Singapore’s library is more interested in Malaysian books.
If Malaysia is serious in putting its people first and focusing on achievement as in its 1Malaysia concept, as well as to encourage local talent, libraries here should support local authors and they should expand their Malaysiana collection.
MALAYSIAN AUTHOR,
Subang Jaya.
fr:thestar.com.my/news/story.asp?file=/2010/7/13/focus/6654967&sec=focus