Publishing Options
Uploaded by
Ratnasiri ArangalaTopics covered
- niche markets,
- creative entrepreneurship,
- distribution channels,
- book sales,
- traditional publishing,
- book design,
- book distribution,
- author income,
- book pricing,
- publishing landscape
Publishing Options
Uploaded by
Ratnasiri ArangalaTopics covered
- niche markets,
- creative entrepreneurship,
- distribution channels,
- book sales,
- traditional publishing,
- book design,
- book distribution,
- author income,
- book pricing,
- publishing landscape
Publishing Options
How to Choose the Best Method for Publishing Your Book
By Michael J. Dowling with Carol White
About the Author
Michael J. Dowling is a ghostwriter and editor who helps individuals and organizations write and publish books and white papers to advance their ideas and enhance their reputations.
So youve decided to write a book. How do you plan to publish it? Are you going to look for a traditional publisher, self-publish, or use a subsidy publisher? Its wise to make this decision early in the writing process. Due to advances in printing technology and the advent of the Internet, the publishing landscape is changing rapidly and dramatically. The lines between publishing, printing, distribution, and retailing are becoming increasing blurred. For example, [Link], which started as a book retailer, now also provides printing, self-publishing, and traditional publishing services. New technologies, such as e-books and POD (print on demand), increase the complexity of the decision-making process. Today authors must sort through a multitude of options that were unavailable a mere five years ago. Largely as a result of these changes, self-publishing is ascending in popularity and acceptance. Traditional publishers are being challenged to adapt to the new realities. This paper focuses on the business of publishing rather than the technology of publishing. In spite of all of the changes mentioned above, traditional publishing, self-publishing, and subsidy publishing continue to be the three primary business models available to authors. This paper briefly describes the advantages and disadvantages each, so you can make an informed decision.
If you want to succeed in a creative field these days, youd better be good at something else besides the creativity or youre not going to make itWriters need to start thinking less like writers and more like businesspeople. Peter Bowerman, author The Well-Fed Self-Publisher
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Traditional Publishing Youre no doubt familiar with traditional publishing (sometimes called royalty publishing). Under this arrangement, the author seeks out a publisher, often with the help of an agent. Once the authors manuscript has been accepted, the publisher will handle the duties and pay the bills associated with publication and distribution. The author receives royalties, generally in the range of 6 to 10 percent of the books sales revenues. The names of a few of the large New York-based traditional publishers are familiar to all of us. But authors should not overlook the hundreds, even thousands, of very fine mid-size traditional publishers, many of whom have outstanding reputations and excellent penetration of niche markets. Advantages of traditional publishing: Little or no upfront money is required from the author. In fact, traditional publishers usually pay the author an advance on royalties, so you could have some income even before any of your books are sold. This approach provides the author with more prestige and credibility than the other options (although this advantage has diminished somewhat in recent years as self-publishing has increased in popularity and respectability). A traditional publishers established distribution channels are often the most significant benefit. However, this advantage will decrease in importance as the industry embraces e-books. Because a traditional publisher provides turnkey services, the author need not learn about the publishing process (although some knowledge is advisable). Disadvantages of traditional publishing: Traditional publishers are reluctant to take risks with unknown authors. Unless your book has big sales potential and you have a significant platform (name recognition, professional position, or other asset that gives you visibility and credibility with your target audience), you may have difficulty finding a traditional publisher. In fact, after spending quite a bit of time searching, you could come up empty handed.
The prestige enjoyed by the published author is unparalleled in our society. A book can bring recognition, wealth and acceleration in ones career. Dan Poynter, Author Dan Poynters Self-Publishing Manual
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Many traditional publishers accept only agented submissions, and securing an agent can be as difficult as securing a publisher. It requires more time, sometimes two years or more, to publish a book through a traditional publisher. Unless your book is a spectacular success, you wont get rich on the royalties you receive. In fact, you wont receive any additional monies until your book has earned enough royalties to offset your advance. Thats why some established writers are turning down offers from traditional publishers in favor of selfpublishing. Because the publisher owns the ISBN (International Standard Book Number) assigned to your book, you must give up substantial control. If the publisher makes decisions you dont agree with (cover design, marketing approach, etc.), or if it does a poor job marketing your book, you have little recourse. If your book sells poorly within the first six months, the publisher may take it out of print. You wont be able to do anything with it until the rights revert to you, which could take years. You will probably have to pay significantly more than the printing cost to purchase your books for your own use (e.g., to sell books in the back of the room at your talks and seminars). You wont have the ability to do custom printings for particular clients. At speaking engagements and other events, its becoming increasingly popular for authors to print special editions with the host companys name and other information on the cover, and perhaps a letter from the CEO inside. Whats more, you also wont have the authority to produce your own collateral material, such as bookmarks, sell sheets, CDs, posters, and advertising specialty items.
More and more authors are opting to go solo, creating their own publishing houses. Whysimply this: Its about quality; its about timing its about control; and its about money. Briles, Frishman & Kremer, co-authors Show Me about Book Publishing
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Self-Publishing (also called Independent Publishing) If you have between $5,000 and $15,000 available to pay for the production and distribution costs of your book, and youre willing to invest time and effort to learn about the publishing process, setting up your own publishing company may be your best option. Advantages of self-publishing:
Today self-publishers must sort through a multitude of options that were unavailable a mere five years ago. Largely as a result of these changes, self-publishing is ascending in popularity and acceptance. Traditional publishers are being challenged to adapt to the new realities.
Self-publishing gives you complete control over your book. Since you own the ISBN, you get to make all editorial, design, and business decisions. Its the fastest way to get your book to market. However, even with self-publishing, its wise to allow a year or more. Rushing the publication process can result in inferior product quality, poor promotion, and inadequate distribution. Since you get to keep all of the revenues, this route over time could give you the best return on your investment. Disadvantages of self-publishing: This option requires the most up-front money. You will need to invest a substantial amount of time and effort to learn about the publishing process. Fortunately, there are many good books available that will teach you what you need to know. Alternatively, if you want to delegate some of these publishing chores, you hire a book shepherd (also called a book packager or a book developer) to guide you through the process. Since you are essentially in business for yourself, you will need to devote considerable time to setting up distribution channels, marketing your products, keeping records, and performing other operational duties. The Independent Book Publishers Association (IBPA) is a valuable resource for people who want to take their publishing companies to higher levels of excellence. As a publishing entrepreneur, you are positioned for greater rewards, but you also are exposed to greater risks.
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Subsidy Publishing Subsidy publishing (sometimes called vanity publishing) occupies the middle ground between traditional publishing and self-publishing. Like traditional publishers, subsidy publishers accept submissions from authors, handle all aspects of publication (plus distribution in most cases), and pay royalties based on sales. Unlike traditional publishers, however, subsidy publishers charge authors for their services. In fact, the majority make most of their money not on sales of the authors book to the public, but on sales of the authors book to the author. Advantages of subsidy publishing: Its easy to find a subsidy publisher. Although some attempt to portray themselves as highly selective so as to appear more like traditional publishers, most eagerly accept submissions. Less upfront cash is required than for self-publishing, because subsidy publishers underwrite (subsidize) a significant portion of the production costs (cover design, interior layout, printing, etc.). The turnkey book production services offered by subsidy publishers are a benefit if you dont have the time or desire to learn about the self-publishing process. The established distribution networks and marketing programs of some subsidy publishers can be an asset. Subsidy publishers typically pay royalties to the author at higher percentage rates than traditional publishers, and they generally bring books to market faster. . Disadvantages of subsidy publishing: Some subsidy publishers produce books of inferior quality using standard templates and sloppy workmanship. Important aspects of the publishing process may be out of your control. For instance, the subsidy publisher frequently
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In a 2006 article in the Times (Great Britain), the founder of subsidy publisher Lulu stated that the companys goal is ... to have a million authors selling 100 copies each, rather than 100 authors selling a million copies each.
establishes the books selling price. If the price is set too high for effective sales, the author suffers. If you want copies of your book to sell at speaking engagements or for other purposes, you must buy them from the subsidy publisher, often at prices considerably in excess of printing costs. Although many subsidy publishers will promise to sell your book to the general public, the results may be disappointing. Often their marketing services are cookie-cutter approaches that are less effective than custom services you could arrange on your own. Subsidy publishers have a very difficult time getting reviews from industry sources like Publishers Weekly, Booklist, Library Journal, and major newspapers. The word is out that the quality of some subsidy publishers is not up to standard. It may not be fair for the media to paint all subsidy publishers with this broad brush, but some may adopt this approach as a convenient way to cull a manageable number of books from the thousands that are published each year. After enticing aspiring authors to pursue their dreams with promises about marketing and other services, a few subsidy publishers will pull a bit of a bait and switch by adding additional costs to the project and reneging on some promises. The ISBN assigned to your book will belong to the subsidy publisher, not to you. If you want to change publishers, you will need to get a new ISBN. Changing ISBNs can cause confusion and hurt sales. If youre unhappy with the subsidy publisher youve chosen, the terms of your contract may make it difficult for you to go elsewhere. To further lock in authors, some publishers put watermarks on every page of the PDF files so theyre not useable by others, and they refuse to release artwork.
If you follow the tips in this book, and your book takes off through your marketing efforts, you can pull it from the self-publishing (i.e., subsidy publishing) company and publish it on your own (and keep 100% of the profits) or shop it around to agents and traditional publishers. Mark Levine, author The Fine Print of Self-Publishing
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Recommended Reading Below are some excellent books that can help you with your publishing decision: Dan Poynters Self-Publishing Manual: How to Write, Print and Sell Your Own Book. Now in its 20th printing, this book has been an industry standard for almost thirty years. The Complete Guide to Self-Publishing: Everything You Need to Know to Write, Publish, Promote, and Sell Your Own Book by Marilyn Ross & Sue Collier. Also an industry standard, with sales of more than 100,000 copies. The Well-Fed Self-Publisher: How to Turn One Book into a Full-Time Living by Peter Bowerman. An excellent book about self-publishing, with emphasis on marketing. A Self-Publishers Companion by Joel Friedlander. Sound advice about self-publishing, including e-books and social networking. The Publishing Game: Publish a Book in 30 Days by Fern Reiss. Step-by-step instructions from a highly respected authority about how to self-publish your book. Book Design and Production by Pete Masterson. This highly regarded book will help you understand the book production process and the principles of good cover and interior design. The Fine Art of Self-Publishing by Mark Levine. The author pulls no punches as he discusses in detail the pros and cons of 45 subsidy publishers. For example, he names Author House, iUniverse, and Xlibris as publishers to avoid. Show Me about Book Publishing: Survive and Thrive in Todays Literary Jungle by Judith Briles, Rick Frishman and John Kremer. Provides helpful advice about how to navigate through the shifting landscape of modern publishing.
2011 Michael J. Dowling This white paper may be reproduced and distributed for personal use with the bio page attached.
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Michael J Dowling produces clear, concise, creative, and convincing books, white papers, and other print communications for individuals and organizations. He specializes in ghostwriting, editing, book shepherding, and self- publishing. Mikes clients include successful business leaders, executive coaches, professional consultants, entreprenuurs, and other professionals. By offering turn-key services from idea conceptualization to book publication and distribution, he makes the writing and self-publishing process understandable, enjoyable, cost-effective, and time-efficient for his clients, Mike has an MBA from Columbia Business School, where he was one of three Harriman Scholars. He is the author or ghostwriter of numerous books and articles. Learn more about Mikes services and read samples of his writing and testimonials from his clients at [Link] Sign up for The Write Stuff, Mikes monthly e-newsletter of profitable advice about writing, at [Link]
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Common questions
Powered by AIWhen choosing how to publish a book, an author should consider factors like control, cost, time to market, and potential financial returns. Traditional publishing requires little to no upfront money from authors but involves giving up substantial control over the publishing process and profits are shared as royalties . Self-publishing grants full control to the author, allowing them to retain all revenue, but it demands significant upfront investment and time to learn the publishing process . Subsidy publishing occupies a middle ground, with less upfront cost than self-publishing and turnkey services, but often yields lower-quality books and places the control largely with the publisher . Each route has specific trade-offs related to these factors that authors must weigh.
In traditional publishing, the author has the least control, as the publisher manages the majority of the publishing process, including cover design and marketing strategies . In subsidy publishing, the author retains some control but often still compromises on decisions like pricing and must purchase their own books at a marked-up cost . Self-publishing offers the most control to authors, enabling them to make all editorial, design, and business decisions, including owning the ISBN. This autonomy allows for tailored marketing and production but comes with the responsibility of managing all aspects of the publishing business . The implications of choosing self-publishing include full creative freedom and financial ownership, but also the requirement for the author to invest time and effort in gaining the necessary industry knowledge.
Traditional publishing typically provides authors access to established distribution channels, a significant benefit that may decrease in importance with the rise of e-books . Subsidy publishers offer some distribution and marketing support, but often rely on standard methods that may not be highly effective compared to custom solutions . Self-publishers must establish their own distribution channels, requiring significant effort but allowing for personalized marketing strategies and direct sales initiatives . The access to distribution channels impacts an author's choice based on their need for immediate market penetration versus willingness and ability to create and manage their own distribution networks.
The rise of self-publishing has pressured traditional publishers to adapt to new realities, as self-publishing has become more popular and respectable . The enhanced reputation and growing acceptance of self-publishing challenge traditional publishers to revisit their business models as self-publishers increasingly grasp greater market share and proven validation in the publishing industry . This shift has encouraged authors to take advantage of self-publishing's speed to market and control, often resulting in established authors opting for self-publishing over traditional methods due to perceived benefits .
In traditional publishing, financial outcomes for authors include upfront advances against royalties but involve sharing sales revenue, typically receiving 6 to 10 percent as royalty payments . Initial costs are minimal for authors, as the publisher covers publication expenses . In contrast, self-publishing requires authors to bear initial costs, ranging from production to marketing, but allows them to retain all book sales revenues, potentially leading to higher long-term profits if the book is successful . Therefore, the financial outcomes in traditional publishing can offer early gains with minimal risk, while self-publishing presents potentially higher profitability at the cost of greater initial investment and risk.
Subsidy publishing can sometimes result in lower production quality, as many use standard templates and may adopt a general rather than customized approach to book production, potentially leading to inferior product quality . Marketability can be compromised because subsidy publishers may have ineffective marketing strategies that don't match an author's target market, often using cookie-cutter solutions . Additionally, high book prices set by subsidy publishers can reduce sales potential, and their books can struggle to gain industry reviews, further limiting marketing efficacy and book profitability . These factors can make the subsidy publishing model less attractive to authors aiming for wide market penetration and professionalism.
Self-publishing presents several risks, including significant upfront financial investment, the need for extensive knowledge about the publishing process, and bearing full responsibility for distribution and marketing . Authors can mitigate these risks by educating themselves through resources such as relevant industry-standard guidebooks and potentially hiring a book shepherd who can assist in areas like cover design and distribution . Additionally, joining professional associations like the Independent Book Publishers Association (IBPA) can provide further support and resources .
In traditional publishing, agents act as intermediaries who help authors navigate the submission process and negotiate contracts with publishers . They are often essential because many traditional publishers only accept agented submissions . Authors may face challenges in securing an agent due to the competitive nature of the industry, needing a strong manuscript or proposal, and a platform or credentials that promise significant sales potential. These factors can make finding representation as challenging as securing a publishing contract itself .
'Book shepherding' refers to the guidance provided by professionals known as book shepherds, packagers, or developers who assist authors in navigating the self-publishing process . It includes help with editorial decisions, design, distribution, and marketing strategies. This service benefits authors by reducing the learning curve associated with publishing, allowing them to focus more on writing and possibly improving project quality and marketability. By involving a book shepherd, authors can proceed with more confidence and potentially better results, especially if they are unfamiliar with the publishing industry .
The emergence of e-books and Print on Demand (POD) technologies has significantly expanded the options available to authors for publishing and distribution, adding complexity to their decision-making process . E-books allow for cost-effective and immediate global distribution, reducing the reliance on traditional distribution channels. POD provides flexibility in printing without large initial print runs, minimizing inventory risks. These technologies support both self-publishing and traditional models by offering more versatile publishing solutions but require authors to consider their potential market reach, control over production, and speed to market . This technological shift has democratized publishing and has emphasized the considerations of upfront costs versus long-term revenue strategies.
