The Secret to Earning Up to $100,000 with Olympia Publishers

The world of book publishing is thriving, and for those living in a vibrant city like New York City, the opportunities to earn money through writing are abundant. One gateway to this industry is by collaborating with publishers like Olympia Publishers.

They say you can earn up to $100,000.

Is it true?

How can you take advantage of this opportunity to earn an income? This article will answer all your questions.

What is Olympia Publishers?

Olympia Publishers is a London-based publishing house that has helped countless authors worldwide bring their works to life. They accept various genres, from fiction and memoirs to poetry collections.

One of the most appealing aspects of Olympia is their flexible publishing approach:

• Traditional Publishing: No costs are incurred by the author, and you earn royalties from every book sold.
• Hybrid Publishing: You contribute to a portion of the production costs but still earn royalties and retain creative control.

Although their headquarters are in London, they serve authors from around the globe, including the United States. So, being in NYC is no barrier to working with them.

Can You Make Money with Olympia Publishers?

The answer is yes, but it depends on several factors such as your book’s genre, marketing ability, and target audience.

Here are a few ways you can earn money by collaborating with Olympia:

1. Royalties from Book Sales

Once your book is published, you’ll earn royalties from every copy sold. Royalty rates typically range between 5% and 15% of the book’s sale price.

Example Calculation: If your book sells for $20 and your royalty rate is 10%, you’ll earn $2 per copy sold. By selling 1,000 copies (very possible with active marketing), you could earn $2,000!

2. Expand to Other Platforms

Beyond print books, Olympia also distributes books in digital and audiobook formats. This means your work could be sold on platforms like Amazon, Audible, and other online stores. The more formats you offer, the greater your earning potential.

3. Build a Reputation as an Author

Once your book is published, leverage your reputation to create other opportunities, such as:

• Giving talks or workshops.
• Writing your next book under more favorable contracts.
• Selling merchandise related to your book.

Tips to Maximize Your Earnings

First, choose the right genre. Self-help books, inspirational memoirs, and fiction with universal themes tend to sell better in the market.

Second, build your audience. Use social media, blogs, and local events in NYC to create a following before your book launches.

Third, collaborate with the local community. Partner with independent bookstores or host book launch events to increase visibility.

Fourth, negotiate the right contract. If you opt for a hybrid contract, ensure you calculate your potential ROI (Return on Investment). Don’t hesitate to ask for clarity about royalties and additional costs.

How Much Can You Expect to Earn?

Earnings from books published through Olympia can vary. Here’s a realistic breakdown:

• New Authors: Around $500–$5,000 per year.
• Authors with a Large Audience: Up to $10,000–$50,000 per year.
• Bestselling Authors: If your book becomes a bestseller, your earnings could exceed $100,000!

The key is consistency and effort in promoting your work.

How to Make Money with Olympia Publishers?

Steps to Earning Money with Olympia Publishers

To earn money with Olympia Publishers, follow these strategic steps that involve publishing, marketing, and diversifying income streams. Here’s a complete guide:

1. Submit Your Manuscript to Olympia Publishers

First, select your genre. Make sure your manuscript fits within the genres accepted by Olympia, such as fiction, poetry, memoirs, or non-fiction. Avoid academic or screenplay genres, as these are usually not accepted.

Second, submit your manuscript. Use the online form on Olympia’s official website to send your work. They accept manuscripts in English.

Third, review process. If accepted, they will offer one of two types of contracts:

• Traditional Contract: They cover all publishing costs, and you earn royalties from sales.
• Hybrid Contract: You contribute to publishing costs but still earn royalties.

2. Earn from Royalties

Royalties make up the bulk of an author’s earnings. Olympia typically offers royalties ranging from 5%–15% of the book’s sale price.

Here’s an example calculation:

Book Price: $20 Royalty: 10% Earnings per Book: $2

If you sell:

1,000 copies: $2,000 10,000 copies: $20,000

3. Expand to Digital and Audiobook Formats

Olympia publishes books in various formats, including e-books and audiobooks. These formats enhance sales potential because:

• E-books: More affordable and accessible to readers.
• Audiobooks: Increasingly popular among modern readers.

Ensure your book is available in these formats to reach a wider audience.

4. Build an Audience and Market Your Book

As an author, you play a vital role in marketing your work:

• Social Media: Use platforms like Instagram, Facebook, or TikTok to share the story behind your book.
• Blog or Personal Website: Create a community of readers by providing engaging content related to your book’s theme.
• Local Events: Host book launches, signings, or literary discussions at bookstores or libraries.

5. Leverage Your Reputation to Diversify Income

After your book is published, use your reputation to unlock new opportunities:

• Workshops or Webinars: Teach writing skills or topics related to your book.
• Merchandise: Sell products like T-shirts, tote bags, or posters linked to your book.
• Next Book Contract: If your book succeeds, the chances of securing a more lucrative contract increase.

6. Consider Adaptations and Licensing

If your book gains popularity, explore licensing opportunities for:

• Film or Series Adaptation: Many literary works are adapted for screen entertainment.
• International Rights: Allow translations of your book to reach global readers.

Conclusion

For those living in NYC or anywhere with a passion for writing, Olympia Publishers could be your gateway to professional literature. With their flexible hybrid approach and global distribution network, you have the potential to earn income from your literary works.

Remember, success in writing requires hard work, creativity, and effective marketing strategies.

Are you ready to become an income-generating author?

Don’t hesitate to submit your manuscript to Olympia and see how far your work can go!

If you have any questions, feel free to ask. We’ll respond promptly to inquiries about earning money through Olympia Publishers.

Good luck and happy writing!

Curious about other ways to earn big as a writer? Check out our guide on “How to Earn $500 to $1,500 Per Article on Longreads: A Goldmine for Writers!