For any writer who wants to be a published author, understanding the different methods for publishing a book is essential. There are definitely numerous ways, opportunities, and possibilities to write, share, and publish a story as well as interact with and audience. Whether you are after the traditional publishing experience, complete with an agent, editor, and publisher, or want to self publish your book, you should understand the options available to you and all their pros and cons.
With a traditional publisher, the team organizes editing, proofreading, design, marketing, and distribution. Either a publisher approaches you and asks you to write a book for them, or you can approach the publishers and offer them your manuscript. Some publishers will give you an advance while you’re working on the book. If the publisher commissioned the book, you might receive a one-time payment, or they may choose pay you royalties, which are a small percentage of sales when the book is sold.
When you have a traditional publisher, it is easier to get into brick-and-mortar bookstores. Furthermore, when it comes to public perception, traditional publishing wins. If a publisher thought the book was worth the investment, then most likely the reader will also see it as such. It adds value to an author given the extremely congested market.
With the growth of online marketplaces such as Amazon, a revolution has taken place in the publishing industry. Within a short period of time, you can distribute your book to everyone, no matter what some traditional publishing house thinks about your idea. With self-published books, you do not have to wait for anyone to give you the go signal. Every aspect of the publishing is in your hands: you decide when and how to publish, who your readers will be, and how successful you want your book to be.
You also gain access to a supportive and helpful community of authors who also chose to self-publish. These connections become so valuable as you meet other up-and-coming influencers like yourself. More importantly, when you self-publish, you receive most of the earnings (save for the amount you initially spent on marketing, book production and publishing).