Publishers…What’s in Your Wallet?

Traditional Publishers used to own the whole game. Indie authors, like you and me, spent most of our time chasing an agent so we could chase a publisher.  Back in the day, ‘self-publishing‘ was a dirty word. You were putting out a ‘vanity book’. You were looked down upon. 

This post is about three categories of Publishers in today’s writing world:

  1. Traditional Publisher: Who, for the most part do not accept ‘unsolicited manuscripts’. By that they mean that you have to have a literary agent representing your work and hawking it to the publishers. Don’t get me wrong, there is a small percentage of writers out there that are able to get an agent and ultimately a publisher. They pay on a royalty only basis. If you are very good and very lucky the publisher will pay you an advance to support you while your writing the book. 

2. The Publisher who asks the author to ‘invest’ in their own book : In my opinion (and it’s only my opinion), AVOID these. For the most part, these are internet publishers who expect you to pay them to publisher your book. You pay them at the front end and then if your book sells they get a percentage at the backend.  They don’t do much in the way of marketing your book, outside their own website, and it ends up still being a crapshoot for the author. There is no team of editors, publicists, and publisher that you can only get with a traditional publisher. 

3. You, the Publisher: Indie-publishing is, today, a respected and practical way for you to publish. There are many platforms out there that you can go on, for FREE, and build your book with the end result being that your book appears on all the major book store websites and can be ordered in a ‘stick and mortar’ bookstore. But as an indie-author you have to be your own team: marketing, editing, and publishing. You can hire out the first two services but it gets spendy. You get paid (usually) around 60% royalty for each book sold. 

  I know, through my interviews with best-selling authors (and friendships that have developed out of those), many best selling authors’ new books are rejected by their publisher, not because the writing is bad, but because the book doesn’t fit with their idea of what’s ‘hot’ right now. You see, it’s all about the $$$$. These best selling authors go right out and self-publish the rejected book. 

Get off the hamster wheel of trying to get a publisher to look at your book, trying to get an agent to sign you so a publisher will look at your work. Trying to get an agent to sign you…being rejected by the publisher because you don’t have an agent, trying to get an agent to sign you so a publisher will look at your work…well, you get the idea. Fine, chase the agent/publisher but while you’re doing that, publish your own work. Don’t let anyone stop you. Go for it!  Yes, you can self-publish while you are waiting around the for coveted agent/publisher gig!

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MY BLOG features INTERVIEWS with  best-selling AUTHORS!   February: Rick Lenz, March: Patrick Canning, April: Poet, Joe Albanese and May: Boo Walker 
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