In traditional book publishing, an established book publishing house takes on the financial burden and responsibility of bringing your book to market.
The advantages of the traditional publishing method are no upfront cost involved, professional editing, cover design, and marketing support available; they have industry experience and connections, and they also have a distribution network and bookstore relationships. They increase your prestige and credibility.
Their disadvantages include being very difficult to break into, a long timeline, and less creative control, lower royalty percentages, limited input on cover design and marketing strategies. They need a literary agent first. Last rights are more or less controlled by the Book Publisher.
Self-publishing gives complete creative control, higher royalty rates up 70% for e-books, faster time to get into market, and you keep all the rights. Furthermore, you have direct access to sales data, freedom to experiment, no gatekeepers, can update content easily, and multiple revenue streams available.
On its discounts up from cost, like cover design, editing, and marketing. You have to manage all aspects of publication. While you are doing it all yourself, it is difficult to get your book into bookstores. You need to build your credibility independently. And you are less likely to get major reviews and awards.
The advantages of the traditional publishing method are no upfront cost involved, professional editing, cover design, and marketing support available; they have industry experience and connections, and they also have a distribution network and bookstore relationships. They increase your prestige and credibility.
Their disadvantages include being very difficult to break into, a long timeline, and less creative control, lower royalty percentages, limited input on cover design and marketing strategies. They need a literary agent first. Last rights are more or less controlled by the Book Publisher.
Self-publishing gives complete creative control, higher royalty rates up 70% for e-books, faster time to get into market, and you keep all the rights. Furthermore, you have direct access to sales data, freedom to experiment, no gatekeepers, can update content easily, and multiple revenue streams available.
On its discounts up from cost, like cover design, editing, and marketing. You have to manage all aspects of publication. While you are doing it all yourself, it is difficult to get your book into bookstores. You need to build your credibility independently. And you are less likely to get major reviews and awards.