Self Publishing vs Traditional Publishing: Pros and Cons
Choosing how to publish your book is a significant decision that can shape an author's career. From traditional publishing houses to independent publishing, each route offers its own benefits and challenges. This blog post aims to provide an unbiased analysis of both pathways, traditional vs. self-publishing, to empower you, the author, with the knowledge you need to decide which route suits you best.
What is Traditional Publishing?
Traditional publishing involves selling your finished manuscript to a publishing company. The publisher, upon accepting your work, takes charge of the book's production process, from editing, cover and interior design to managing printing costs, distribution, and marketing. In return, the author is typically paid an advance against future royalties. The traditional route allows the author to focus on the writing while leaving the sales and marketing to seasoned industry professionals.
What is Self-publishing?
Self-publishing offers a radically different approach to publishing your book, including managing foreign rights. As an independent author, you retain full control and rights over your work without needing a stamp of approval from traditional publishing houses. You take on the roles traditionally assigned to a publishing house, from editing and cover design to distribution and book promotion. While this gives you more control over your work, it also insists that you invest time, money, and effort beyond the writing process ‒ into elements like cover design, formatting, and marketing strategies.
Traditional Publishing vs Self Publishing: How Each Version of Publishing Works
Traditional publishing usually entails selling the rights of your book to a publisher, who then handles all subsequent stages, including editing, design, printing, distribution, and marketing. On the contrary, self-publishing requires the author to manage these stages independently or hire professionals to do so. Let's break down these processes more succinctly for each version, providing a clear breakdown of the steps involved.
The process of traditional publishing
In traditional publishing, the journey begins with pitching your manuscript to literary agents, who advocate for you and present your work to publishers, including any potential audio rights. If a publisher buys the rights, they pay an advance against future profits. The publishing house then sets a release date and handles editing, design, marketing, and distribution. Once book sales recoup the advance, you start earning royalties.
The process of self-publishing
Self-publishing means taking on roles traditionally handled by a publisher while retaining full rights and control. After polishing your manuscript, you may need to hire experts for proofreading, cover design, and marketing. Formatting your ebook is essential, and print-on-demand services like Amazon KDP Print help manage physical copies. While self-publishing requires upfront investment in editing, marketing, and printing, higher royalties (35-70%) and creative control make it an appealing choice for many authors.
What are the Pros and Cons of Self-Publishing Versus Traditional Publishing?
Self-publishing offers creative control, higher royalties, and quicker publishing. However, traditional publishing provides broader distribution, marketing support, and validation. Authors must weigh factors like autonomy vs. resources to choose the best publishing route for their goals and circumstances.
Comparing Traditional Publishing vs Self-Publishing
Comparing traditional and self-publishing routes involves examining key factors such as cost, control, earnings, time to publication, and distribution. Each path offers unique pros and cons, which are crucial to consider before charting your publishing journey, depending on your unique goals as an author. Let us now dive deeper into these crucial aspects of traditional and self-publishing.
1. Costs and Earnings
Understanding the costs and potential earnings involved in both traditional and self-publishing is vital to making an informed decision.
Traditional Publishing :
- You don't pay anything upfront. The publisher takes care of all costs related to editing, cover design, marketing, printing, and distribution. In return, you're paid an advance on future royalties.
- After earning back your advance through book sales, you'll start receiving royalty payments. These can vary, but they often range from 8% to 15%.
Self-Publishing :
- Self-publishing can require significant upfront investments. You may pay for services like proofreading, editing, cover design, marketing strategy, and possibly print-on-demand services for physical books.
- Royalty rates for self-published authors are generally higher, ranging from 35% to 70%. This is because you've assumed the financial risk of publishing, which includes production costs.Do you want to start your print journey as a self-publishing author? Get a quote now.
2. Control over the process
Control over the process varies drastically between the traditional publishing route and self-publishing.
Traditional Publishing :
- Once you sell the rights to your book to a publisher, they have the final say in the process. This includes disk making decisions on cover design, interior formatting, and marketing budget or approach.
- While your input may be asked, there's no guarantee that your submission will sway the final decision.
Self-Publishing :
- By retaining the rights, you have near-total control over your book's pre-publication decisions, including cover and interior design, editorial choices, and selling channels.
- However, control over pricing might be limited, especially if you're publishing via platforms like Amazon, which tend to have set rules for book pricing.
3. Time to publication
Time to publication is a significant factor when considering your publishing route.
Traditional Publishing :
- In traditional publishing, a book can take anywhere from one to two years from the moment the rights are sold until it finally hits the shelves, allowing the author to focus on their next book.
Self-Publishing :
- Self-publishing can see your work in readers' hands in considerably less time. You control the timeline, and once the book is finished, formatted, and properly reviewed, it can be available for sale almost instantly.
4. Distribution and visibility
The level of distribution and visibility your book receives also hinges on your chosen publication route.
Traditional Publishing :
- With traditional publishing, your book can get wide distribution, available anywhere books are sold, including brick-and-mortar bookstores.
- Your book can enjoy nationwide distribution and possibly even international exposure, depending on the reach of your publishing house.
Self-Publishing :
- Self-publishing mainly results in online sales, either as e-books or print-on-demand paperbacks.
- Distributing your self-published book to physical bookstores nationwide or globally is extremely difficult and rare for indie authors.
5. Barriers to entry
Entering the publishing industry through traditional channels or as a self-publisher comes with differing barriers.
Traditional Publishing :
- This process tends to have high barriers. Many authors struggle to land a book deal due to competition and the stringent requirements of traditional publishing houses.
Self-Publishing :
- There are fewer barriers to entry in self-publishing. The primary requirement is the discipline to finish a book. However, the challenge lies in marketing and selling the book to make it stand out amidst the competition.
Advantages and Disadvantages of Both Approaches
Both traditional and self-publishing approaches offer definite pros and cons. There's no inherently superior choice; the best decision is dependent on your goals, needs, and personal strengths as an author. Let’s explore the main strengths and drawbacks of each route.
Pros of traditional publishing
Traditional publishing comes with several benefits, making it an advantageous choice for certain authors:
- Professional assistance: With traditional publishing, you have access to experts for each part of book creation and promotion. This includes editors, cover designers, publicists, and marketers.
- Advance payment: Authors are paid an advance against royalties. This can offer financial security while the publishing house works towards making the book successful throughout the entire publishing process.
- Advance payment: Authors are paid an advance against royalties. This can offer financial security while the publishing house works towards making the book successful throughout the entire publishing process.
- Validation: Getting your work accepted by a traditional publisher can be a great validation of your writing craft, adding credibility to your author's name.
Cons of traditional publishing
Despite the advantages, traditional publishing also has its drawbacks:
- Limited control: Traditional publishers take over control of the book once they buy the rights. Decisions about cover design, pricing, or editorial changes are made by the publisher.
- Sharing Royalties: Traditional publishers offer lower royalty rates, typically between 8% and 15%. This means you make less per book sold than you would when self-publishing, which is often a concern for serious novelists.
- Time-consuming process: The traditional publishing journey is often lengthy, from finding a literary agent, getting a book deal, editing, and finally publishing.
- Hard to break into: Breaking into the traditional publishing scene can be hard due to the high level of competition and stringent requirements.
Pros of self-publishing
For certain writers, self-publishing can be the way to go, given its distinct benefits:
- Complete control: Self-publishing gives you complete control over your book's content, cover design, pricing, and marketing.
- Higher royalties: When self-publishing, authors can enjoy higher royalty rates, usually between 35% and 70%. Once you've recouped your initial costs, this can make self-publishing more profitable per book sold.
- Fast to market: One of the main advantages of self-publishing is the speed. After finishing your book, it can be available for readers almost immediately.
- Open to all: Unlike the competitive world of traditional publishing, anyone can self-publish a book if they have the discipline to complete it.
Cons of self-publishing
But self-publishing also has its share of challenges:
- Marketing burden: Authors have to undertake the significant task of marketing their book. This includes promoting the book, building a reader base, and managing sales channels.
- Upfront costs: Self-publishing can entail high upfront costs. Quality editing, proofreading, including additional proofreader services, cover design, potential marketing, advertising expenses, and even an audiobook all come out of the author’s pocket initially.
- Limited physical distribution: Physical distributions are mostly impractical in self-publishing, which can limit your book mainly to online platforms.
- Non-eligibility for some awards: Self-published books are generally ineligible for certain literary awards, which can hinder overall visibility and reputation.
Here’s a detailed comparison table highlighting the key differences between self-publishing and traditional publishing:
| Factor | Self-Publishing | Traditional Publishing |
|---|---|---|
| Creative Control | Full control over content, cover design, formatting, and marketing strategies. | Limited control; publishers may request changes to fit market trends. |
| Time to Publish | Fast—can publish within days or weeks once the manuscript is ready. | Slow—can take months or years due to agent queries, contracts, and publishing schedules. |
| Upfront Costs | The author bears all costs (editing, cover design, formatting, marketing, etc.). | No upfront costs; the publisher covers expenses. |
| Earnings & Royalties | Higher royalties (up to 70% on platforms like Amazon KDP). | Lower royalties (typically 15%-25% after the advance is earned out). |
| Advance Payment | No advance; income is based solely on book sales. | Authors may receive an advance, but royalties are paid only after it’s earned back. |
| Marketing & Promotion | The author is responsible for all marketing and promotion efforts. | Publisher provides some marketing but usually expect authors to handle personal branding and book promotion. |
| Distribution | Primarily online (Amazon, Apple Books, Kobo, etc.), print-on-demand services can be distributed to bookstores. | Wider access to brick-and-mortar bookstores, libraries, and international markets. |
| Rights Ownership | The author retains full rights to the book (including film, translations, audiobooks, etc.). | The publisher often controls rights for a set period or indefinitely. |
| Book Quality | Quality depends on the author’s budget for professional editing, book editors, design, and formatting. | High-quality editing, design, and production overseen by industry professionals. |
| Niche & Experimental Topics | Easier to publish niche, experimental, or controversial topics. | Publishers favor books with mass-market appeal, making niche topics harder to publish, unlike authors like Tucker, who offer unique perspectives. |
| Revisions & Updates | Authors can update their books anytime (new editions, cover changes, etc.). | Changes require publisher approval and may not be possible after publication. |
| Control Over Pricing | Authors set and adjust prices as they see fit. | The publisher determines pricing with little input from the author. |
| Longevity & Availability | Books remain available as long as the author chooses. | Books can go out of print if sales decline. |
| Barrier to Entry | No gatekeepers—anyone can publish a book. | Requires approval from agents and publishers; high rejection rates. |
| Revenue Potential | Higher earning potential in the long run if successful, as the author keeps more of the profits. | It can be profitable if the book is a bestseller, but royalties are shared with the publisher and agents. |
Factors to Consider when Choosing the Best Route for You
Your decision to opt for traditional or self-publishing should hinge on your personal needs, career goals, and specific circumstances. There are several factors to take into account, such as your book's market potential, your inclination for creative control, and the various facets of control you want over how much control you have regarding your ability to invest time, money, and marketing skills. Let’s delve deeper into these considerations.
1. Your book's market potential
Understanding your book's market potential is a key factor in deciding which path to take. If your book fits within a mainstream genre and has a broad market appeal, traditional publishing could be the right route, especially if you aim for prestigious lists like the New York Times bestseller list. The good news is that if your book addresses a niche audience or is of a unique genre, self-publishing might provide the flexibility and control required to effectively target your specific readership, allowing for the possibility of gaining recognition through literary prizes.
2. Your need for creative control
Your preference regarding creative control over your work should guide your choice between traditional and self-publishing. If you desire total control over every aspect of your first book ‒ from editing to cover design, fonts, and pricing ‒ self-publishing is likely your best bet. On the contrary, if you are amenable to guidance, feedback, and ceding some control to experienced professionals, traditional publishing might serve you well.
3. Your willingness to invest time and money
How much time, effort, and money you are willing to invest into your book can guide your publishing decision. Self-publishing often requires significant upfront costs and necessitates a lot of time devoted to management and marketing duties on top of writing. However, it does offer higher royalty rates. On the other hand, traditional publishing involves sharing earnings with a publishing company but allows for more focus on your core competency – writing.
4. Your marketing and self-promotion abilities
Your strength in marketing and self-promotion, especially in social media, is pivotal when choosing the best publishing route. Traditional publishers provide marketing support, enabling you to focus more on writing than advertising. However, in self-publishing, strong marketing and promotion skills are crucial. This not only involves promoting your book but also building a strong author platform and reader base, demanding considerable effort and dedication.
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Conclusion
The decision to opt for traditional publishing or self-publishing is a significant one, hinging on various factors unique to each author. In recent years, understanding the pros and cons of both approaches can empower you to make an informed choice. Each author's journey is unique and shaped by their objectives, abilities, and resources. Some may thrive off the control and potential earnings in self-publishing, while others might prefer the editing and marketing support that comes with traditional publishing. At the end of the day, the most successful authors are those who have thoroughly assessed their options, recognized their strengths and abilities, and chosen a publishing pathway aligned with their goals.
Frequently Asked Questions
What is the difference between self publishing and traditional publishing?
Self-publishing gives authors full control over their work, from content and cover design to pricing and marketing, but they must also handle all costs and promotion efforts. In contrast, traditional publishing involves securing a deal with a publishing house, which takes care of editing, design, distribution, and marketing. While this route provides wider reach and industry expertise, authors have less creative control and earn lower royalties.
Can a self-published book be picked up by a traditional publisher?
Yes. If a self-published book gains substantial success, it can potentially attract attention from traditional publishers, who might then offer a publishing deal to the author. However, this scenario requires significant initial success.
Does self-publishing hurt your chances of getting a traditional publishing deal?
No, self-publishing does not adversely affect your prospects of landing a traditional publishing deal. In fact, demonstrating success as a self-published author can make you more attractive to traditional publishers.
Why is self-publishing better?
Self-publishing is better for authors who want full creative control, faster publication, higher royalties, and the ability to reach an audience without relying on a publisher’s approval.
