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How to Start a Publishing Company

The world of publishing is changing fast, and if you have an interesting and unique approach, you can create a thriving publishing business.

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    What Type of Publishing Company Should You Start?

    When it comes to starting a publishing business, you have plenty of choices. Here are the main areas where publishing businesses can be successful.


    Here are some of the more popular options:

    1

    Specialized Nonfiction Publisher

    Nonfiction is a growing sector of the U.S. publishing industry. From creating how-to guides to courses and educational resources, there’s plenty of demand for insightful, informative, practical content.

    2

    News and Current Affairs Publisher

    Journalism requires a special type of publishing — information needs to get into the world quickly, and it relies not just on reporting but analysis and insight. Because it’s very difficult to be a generalist when it comes to news, you should choose and publish in a niche that you know well.

    3

    Video and Audio Content Publisher

    More people are choosing to consume published content in audio or video form. From publishing on YouTube to creating podcasts, there’s an ever-growing market for content you can interact with while doing other things.

    4

    Blogger on Niche Topics

    Blogging is one of the easiest ways to become a publisher. In some cases you will create blog content yourself, and in others you may accept content from guest contributors in exchange for backlinks or other collateral.

    5

    Book Publisher

    There’s nothing more traditional than a book publisher, and with easy access to ebooks via Kindle and other platforms, the costs are low. If you’re an author, you might even try self-publishing your work.

    Validating Your Publishing Business Idea


    These areas are just starting points — there are many different types of publishing businesses. Once you’ve identified the areas you’d like to go into, you need to validate your publishing business idea.


    Getting started in a publishing business is easy, but becoming a success is harder.

    Before committing too much time, energy and money into your new publishing business, it’s important to test the marketplace.

    Identify your publishing business’ unique selling points (USPs)

    For most publishers, your USPs will come from two areas: the niche you choose and the style/format that you present work in.

    Look at who your competitors are in the spaceLook at who your competitors are in the space

    The thing to learn here is that it’s okay to say “no” to your first, second or third publishing business ideas. Very few entrepreneurs get it right the first time. In fact, getting it wrong is often a badge of honor! Still, you don’t want to waste too much time, energy or money on the wrong initiatives, so ask and answer these questions honestly to find the right way forward.

    Understand your market

    Clearly identify their niche that you’re targeting and what they are likely to want from your content. This will be essential to your marketing, communications and promoting your content.

    Get involved with business communities and discussion groups

    One of the great things about the publishing business is that there are plenty of great communities and discussion groups. Get involved in them and learn the ins and outs of your chosen market before committing.

    The thing to learn here is that it’s okay to say “no” to your first, second or third publishing business ideas. Very few entrepreneurs get it right the first time. In fact, getting it wrong is often a badge of honor! Still, you don’t want to waste too much time, energy or money on the wrong initiatives, so ask and answer these questions honestly to find the right way forward.


    Your Publishing Business Needs a Plan


    You need to define how you’re going to run your publishing business, market yourself, generate revenue, make a profit and grow. This can only come about through creating a watertight business plan. It will help you get your thinking in order and show your commitment to your publishing business.


    You will also need to look at financial projections for your publishing business.


    What are your expected sales and revenues? What is your profitability? How much money will you keep in the business to grow it? How much will you pay yourself and others?


    If you can, try to plan your revenue for the next month, three months, year and two years. It’s vital to take into account the cost of setting up a publishing business in the first place, also factoring in utility, staff and other costs.


    Business plans do vary slightly, but they should all cover the following areas:

    01

    An executive summary with the most important points from your business plan

    02

    Your goals and what you hope to achieve with your publishing company

    03

    A description of your publishing business, background information, and context

    04

    A market analysis and likely demand

    05

    An overview of how your business is structured

    06

    Your business model

    07

    How you will market and sell your offerings

    08

    Financial projections, revenue, and profitability

    09

    Appendices

    We’ve got the perfect guide to writing your business plan.

    Right Business Structure

    Setup & Maintain Your Amazon Business

    Once you've legally created your Amazon business you’ll need to get some other things in place.

    Finances and Taxes

    You will need a separate business bank account for your publishing business. You might also want to consider a business credit card. Additionally, you will also need to keep careful bookkeeping records and file business and personal taxes. Here at Incfile we can even help you file your taxes.

    Marketing Your Publishing House

    Marketing will be a huge part of your publishing business. Naturally, you will need an awesome website, but you'll also need to get branding, newsletters, digital ads, social media accounts and other channels in place. As a publisher, organic SEO will be a large part of your content and marketing strategy.

    Employees

    If you’re a digital publisher, you probably won’t need to hire anyone else for your publishing business until you have grown, especially if you’re a good administrator.

    Location

    If you’re a digital publisher, it’s very likely that you can work from home or a shared working space, at least initially. This is great as it reduces your office costs considerably. If you’re a more specialized publisher or you publish in a traditional way, you may need extra space for support staff and equipment.

    Equipment for Your Publishing Business

    As a digital publisher, it’s likely that the only equipment you will need to run your publishing business is a computer, laptop, tablet or smartphone and specialized software. If you’re producing audio or video content, you will also need a microphone, relevant recording devices and software to edit and add to your content.

    Software and Processes

    The right software and processes will make running your publishing business much easier. See our list of the best apps and software at the end of this guide.

    The Complete "Start Your Business" Checklist

    A Clear and Comprehensive Guide to Starting Your Business the Right Way

    Rules, Regulations, and Taxes for Publishers & Publishing Houses


    Even though you may be running a digital and virtual publishing business, you can’t escape real-world licenses, permits and regulations. You will need to explore local, state and federal licenses and permits, and we can also help out with researching your business licensing needs.


    Taxes


    Taxes are a fact of life if you’re in business, and there are various ways you will need to file and pay them. This can include self-employment tax, state income tax and federal income tax. Depending on where and how you’re selling products and services, you may also be liable for sales and use tax.


    As a rule of thumb, we recommend holding back around a third of your earnings to pay your taxes. We can also prepare and file your tax returns for you.

    Insurance for Publishing Houses

    Most publishing businesses should have comprehensive business insurance. There are various types.Most publishing businesses should have comprehensive business insurance. There are various types.

    Workers Compensation Insurance

    Workers compensation insurance provides coverage for job-related illnesses, disabilities or injuries that affect employees. Regulations for this insurance vary from state to state. It typically covers areas like medical costs, loss of earnings, compensation and retraining. If you don’t have employees, you typically do not need this insurance.

    Home and Auto Insurance

    If you are working from home on the administration of your publishing business or driving a vehicle for work, check whether your existing home and auto policies cover you for work use of your home or car. If not, you should either expand your policy so you’re covered or get dedicated business insurance.

    General Liability Insurance

    This insurance protects your publishing business from claims due to being sued. This may include injury to members of the public, property damage, personal liabilities, legal defense and more. It can help protect your business from financial penalties and bankruptcy. This type of insurance could be essential to your publishing business if there’s the potential for libel or slander, although you may need more specialized insurance in those instances.

    Maintaining Your Publishing Company

    There are certain forms and legalities you need to follow to keep your publishing business in good standing.

    1

    File an Annual Report

    Most states require all businesses to file a report once a year. This report has details of any major changes to who owns a business and other major impacts on a business’ legal status. We can file your Annual Report on your behalf.

    2

    Pay estimated taxes

    You will be expected to pay estimated taxes on what you plan to earn in the current business year. Typically, you will need to pay estimated taxes in April, June, September and January (of the following year)

    3

    Renew Business Permits and Licenses

    Your business will probably have several licenses, permits and other regulations. These typically need to be renewed every year.

    4

    Prepare Your Taxes

    You will need to file your taxes once a year.

    5

    Pay payroll and sales taxes

    If applicable, you will need to make payroll and sales tax payments on a regular basis.

    6

    File your taxes

    You will need to work with your accountant to prepare all the taxes you need to pay.

    Groups and Forums for Your Publishing Company

    Here are some useful places where you can connect with other publishing entrepreneurs:t

    Useful Online Tools for Publishers

    Here are some really great online tools for managing your publishing business. They will reduce the time you spend on administration, help you to collaborate with others and free up your time to grow and manage your new venture.

    Project Management

    Productivity

    Marketing Automation

    Customer Relationship Management (CRM)

    Customer Support

    Human Resources

    Website Development

    Please note: This post contains affiliate links and we may receive a commission if you make a purchase using these links.

    Conclusion

    The internet has made publishing entrepreneurship available to everyone. If you can find a great niche, understand your audience, and put together a solid publishing business plan, you will have every chance for success.