Self publishing Vs. Traditional publishing: thinking about money

It’s a question as old as the internet, which is better self publishing or traditional publishing? The answer isn’t simple. What might work for you might not work for someone else. I’m going to outline the pros and cons of both, but they are surmised in the picture above.

Of cores everyone is concerned about money, so we will start with that. It’s true, you do make more money per book sale when you self publish, but there is a lot more than that factoring in. For one thing, if you can’t make a great cover of your own, you will need to pay someone to make it for you if you self publish. People are first going to look at the cover and title, so if you aren’t a pro, you might want to hire one. You also might want to hire and editor, which is another up front cost. Keep in mind, you CAN learn these skills yourself, but remember if you self publish, you have to do everything the traditional publisher would do for you. Marketing plays a small role in this. You will be doing most of your books promotion yourself, regardless, but publishers will do a little. The more books you publish that do well on the market, the more they will be willing to invest in you.

Select one of the fallowing statements:

I am comfortable making the cover, editing the book, formatting it and marketing it or am willing to pay someone a one time fee to do it for me.

I want someone to make the cover, edit the book, format it and help me out with marketing and I am willing to let them take a small amount of money from each book I sell in order to do so.

Next week I’ll be posting about the other pros and cons of both.

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