I came up with a very particular series of children's books that has shown to be an awesome idea. I have made some money from them and taken them to various book events. I have had nothing but positive feedback from parents and children. Everyone loves them so I kept writing them for a total of 6 since November of 2014.
The reason I don't have more is because I am doing everything. I make the covers on photoshop, write them, edit them, format, manage the website, Facebook page, etc. I want to go further with this idea but I am not sure if what I am thinking about doing is the best option for me or not.
A few months ago I went into a large marketing firm to get assistance with the promotion of them and they helped me realize one thing I was doing wrong. For one, as we all know from MJ's book, I was selling them but they were just ordinary books not part of any particular brand I created. So now we came up with a brand name, they suggested that I Trademark the brand name before talking about the concept with anyone too much, so I hired a lawyer to do that. After I get all of the things done they require before starting, they want a hefty fee of $6,000 to start.
My question is, is it a good idea to spend this kind of money right now? I have the money, but am by no means wealthy yet.
The lawyer is 800 dollars for filing and registering the trademark
The marketing firm is 6,000 dollars.
A lot of people have told me that it would be in my best interest to spend that money myself on marketing rather than paying a company to do it for me.
If I were to do that, is Facebook a good avenue to market books? I know that when I had Facebook I never bought anything or even planned on buying anything through the ads on the side.
Really I just need some general advice. CreateSpace prints the books for $2.15 a copy and I sell them for $5.00.
They have ups and downs as far as sales go. When I sell 1 - Within a week I will sell 5 - 10 more I am guessing from the person's friends and family members seeing all the available books in the back.
I know this is long, just any info you guys could give me would be great. As soon as the trademark is filed I will post more info about the books. The marketing company has a lot of really good ideas for them, but again I am not sure if I am heading in the right direction.
The reason I don't have more is because I am doing everything. I make the covers on photoshop, write them, edit them, format, manage the website, Facebook page, etc. I want to go further with this idea but I am not sure if what I am thinking about doing is the best option for me or not.
A few months ago I went into a large marketing firm to get assistance with the promotion of them and they helped me realize one thing I was doing wrong. For one, as we all know from MJ's book, I was selling them but they were just ordinary books not part of any particular brand I created. So now we came up with a brand name, they suggested that I Trademark the brand name before talking about the concept with anyone too much, so I hired a lawyer to do that. After I get all of the things done they require before starting, they want a hefty fee of $6,000 to start.
My question is, is it a good idea to spend this kind of money right now? I have the money, but am by no means wealthy yet.
The lawyer is 800 dollars for filing and registering the trademark
The marketing firm is 6,000 dollars.
A lot of people have told me that it would be in my best interest to spend that money myself on marketing rather than paying a company to do it for me.
If I were to do that, is Facebook a good avenue to market books? I know that when I had Facebook I never bought anything or even planned on buying anything through the ads on the side.
Really I just need some general advice. CreateSpace prints the books for $2.15 a copy and I sell them for $5.00.
They have ups and downs as far as sales go. When I sell 1 - Within a week I will sell 5 - 10 more I am guessing from the person's friends and family members seeing all the available books in the back.
I know this is long, just any info you guys could give me would be great. As soon as the trademark is filed I will post more info about the books. The marketing company has a lot of really good ideas for them, but again I am not sure if I am heading in the right direction.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
