What is the difference between Traditional Publishing and Self-Publishing? | Trad Pub v. Self-Pub
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- Опубліковано 16 лип 2024
- Traditional Publishing
Let’s start with Traditional Publishing. Historically this is what most people think of when they hear about a book being published. A book is created by the author. Painstakingly revised to get the approval of an agent. The agent has connections to the editors who acquire books for Publishing Houses like Penguin Random House, Simon & Schuster, Macmillan, Hachette, and HarperCollins. The editors purchase the rights to publish the book from the author. So the author receives an advance in this agreement. The publisher then polishes the book, creates a cover, creates and executes a marketing strategy, takes orders for the book, and distributes it. They want to earn back the advance paid to the author and then some to cover their expenses and make money as a business.
This is a time-consuming process, it can take years to get the book out but at each phase, an expert in book publishing is revising and fine-tuning to make this book the best it can be in terms of return on investment. Is it marketable, is it going to sell.
But those industry experts are gatekeepers. They can only invest in so many books, they can only read and review so many books. So the agents receive A LOT of queries, where authors pitch their book. And the agents then pitch or submit the book to the editors based on what they think will sell.
Everyone along the way who worked on the book gets a cut of the success. So you might think, well that’s less for the author. But remember, they got the advance upfront payment. But the money always flows to the author. After the royalties are divided out the author is still paid.
At no point in this process is the author ever asked for money. Not from a reputable agent. Not from a reputable publisher. The author pays nothing up front, they earn money later.
Self-Publishing
The name is a little self-explanatory, but in this case, the author has their book and they decide they are going to get the book out themselves. No gatekeepers, no long timelines, no upfront investment. So the author in this case finds people that they will pay to help with editing, cover design, formatting, etc. The author puts the money out upfront to create the finished product and the author uploads the book to Amazon (Amazon KDP), Barnes & Noble, (B&N Press), Kobo (Kobo Writing Life), or to aggregators where you upload once and it is distributed everywhere like IngramSpark or Draft2Digital.
The author has to learn all these phrases and businesses, market the book, and pay for ads.
It is a lot of work, and many authors will hire out for publicity or ads if they can afford it. Or they will pay for classes to learn how to grow an email list or just hustle with podcasts and book blog tours.
They’re doing this without institutional support. But a lot of indie authors like to help each other. The ones who have been doing this for a few years turn around to help the person behind them.
All sales and money go to the author. They may have gone into the red when paying upfront for design and marketing services so it may take a little bit to recoup their costs, but they get all the money.
I have tons of videos on all the platforms and basic questions for self-publishing. I have videos about querying which is the first step of the traditional publishing process.
What other questions do you have? If i already have a video, I’ll post that as an answer. Otherwise, I’ll make a new video answering it.
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These are all great reminders. Thank you for supporting indie writers.
Happy to help!
I love the way your broke it down between self publishing and traditional publishing. I had briefly dealt with traditional publishing and was disappointed in that route. Thank you for sharing. Very helpful.
Thank you for the feedback :)
Thank you for this breakdown, really helped me self publish!
Happy to help!
Great breakdown x
Thank you!
Thank you for all the information/education you provide! 🙂
I'm releasing a book in July through KDP. My author page will advise readers that I'm donating __% to a dog rescue that I support. That doesn't bump in to any KDP rules, does it? Thx MK. 🙂
Congrats on your book! Regarding the donation: I don't know, I don't believe so.
I am really finding your videos helpful. Thank you. I am in the last stages of writing my first fiction book. I made an inquiry to KDP a while ago and they have been nothing but incredibly pushy. To the point of multiple emails with less than 24hours since last contact. I am now completely reconsidering publishing through them. I haven't paid them anything yet. Should I pay them? Is there a better platform? I am overwhelmed and want to make the best decision possible.
Hmmm, in what was is KDP reaching out to you? I'm not familiar with Amazon KDP actively trying to recruit authors. I would suggest double checking who is sending them to confirm it isn't spam.
@@1MKWilliams I contacted support to ask some questions about publishing on Amazon. I got one of the "specialists". They said for a (now discounted) fee they would look after everything.
$199 CAD for the Self-Publishing Plan
Formatting as per Publishing Standards
Book cover Design
Amazon Author Profile
Integration of Print on Demand Setup on Amazon.
Author's Biography.
Access to an online portal.
Complete copyrights and 100% ownership.
Publishing on Amazon
Different formats: E-book, Paperback, and Hardcover
100% Satisfaction Guaranteed
Dedicated Project Manager
From your videos it seems like I can do all of the above myself. I feel like I'm being scammed but it was redirect straight from KDP help centre.
Hey there can you upload a video about how to promote Google Play books on partner
I'll add it to my list
How much self-publishing costs in total?
It can vary: ua-cam.com/video/ApdU1P_mW94/v-deo.html
Sister Act 2! Lol
Ding ding ding!!! Correct 😁