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THE ULIMATE QUESTION
How do you want to publish your book; via traditional methods or via self publishing? This is the first question every budding author must answer before they begin their publishing journey. It is important to not only know why you want to publish (to ensure your distribution methods will allow you to achieve these goals) but it is also equally important to ensure your choice of publishing method will allow you to also achieve these outcomes.
PROS AND CONS OF TRADITIONAL PUBLISHING
• Your book (more often than not) gets rejected and will never be published
• Your publisher takes the financial risk
• Your publisher reaps all the rewards and you a left with a small commission of $1-$2 per book sold
• You give away the rights to your book
• Ideal if you don’t want to be involved in the process and just get your book out there
• Profit per 1000 books sold approximately - $2000 (paid in commission)
PROS AND CONS OF SELF PUBLISHING
• Your book will defiantly be published
• You take the financial risk
• You reap all the rewards and are left with 100% profit from books sold
• You own your own book
• Ideal if you want to be involved in the process, see the results and enjoy the impact your book makes
• Profit per 1000 books sold approximately - $20,000 (after cost of producing the books, freight etc.)
THINGS TO CONSIDER WHEN MAKING THE DECISION
So now you know the pros and cons of each style of publishing it comes time for you to make a choice - which way do you want to go?
Would you rather give your book away to someone else to take the financial risk and do all the work for you so you don't need to be involved in the process but receive a small royalty each time a copy of your book is sold?
OR
Would you rather keep the rights to your own book, take the financial risk and have control over every step of your publishing process to allow you to receive approimately 10 times more profit for every book sold?
At the end of the day it comes down to your own personal choice. Which form of publishing is right for you and your book?
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