Which publishing road does an author take today? With the Internet and today’s technology, traditional publishers are being turned on their heads, self and independent publishers are taking over.
The publishing road answer: it depends. Authors are choosing to bypass the traditional method that had been so coveted by the majority of authors just a few years ago. The five key factors that have moved authors to seek other avenues are: rejection, timing, control, quality and money.
Rejection that a traditional publisher has said, “No,” have led authors down the do it themselves path. Some choose the vanity format, others explore POD; pay to publish; eBooks; or create their own publishing house.
Timing—if your manuscript is completed, you can have it edited, cover and interiors designed, printed and in your hands within four months. With traditional publishing, you can have your manuscript completed and it will most likely be in your hands in 18 months.
Control—if you get a group of authors together who have traditionally published, one of the most common grumblings you will hear is that they don’t like the way their book looks—covers and interiors and they really have been in a fog when it comes to book sales.
Quality—overall, traditional publishers have been cutting down on quality and increasing prices. A book published years ago used better paper and just felt better than a book published today.
Money—is an important thing to look at. Most traditional publishers are pushing for “net” royalty deals. If your book is $20 retail, the net for sales to wholesalers and distributors will be less than $10 per book—meaning that the royalty is based on the less than $10 amount. The last two years have been brutal to the “average” author—non-fiction sales are in the 4,000-5,000 area. That means $4,000 to $5,000 in royalties—those lovelies that are paid twice a year, with a deferral of three months after each closing period; and usually with a hefty percentage holdback for reserves—meaning books get turned back and the publisher wants to cover their costs and not overpay you (and come knocking on your door to now pay them). In other words, this isn’t going to seed your retirement—don’t quit the day job!
As a savvy self and independent publisher—when you create a platform to reach out to your crowd, your sales will not only be greater, the financial reward will be significantly greater.
It’s your choice, but do the math always. Measure your time, investment and potential return.