Last week, I wrote about publishing a book through a traditional publishing house. This week, I wanted to discuss going the self-publishing route.
There are many benefits to be self-published. You have complete control over what you publish and when. You retain all rights to your book, and you receive 100 percent of the profit. The main drawback is that you have to do all the work and pay for any expenses yourself.
You have several options when it comes to self-publishing. You can opt to publish just an electronic copy of your book (an e-book), or you can actually print a physical copy or you can do both. Let’s look quickly at the options for physically printing a book.
In this option, you pay for all the services to print your book but own the book and receive the profits. You are in charge of distribution. This is best for the hobbyist or those who just have a goal of seeing their work in print. (Hence the reason it is often referred to as a vanity press.)
While similar to a vanity press, a subsidy publisher contributes toward the cost of editing, distribution, warehousing and marketing of the book. Typically, the author pays for the printing and binding of the book and will receive royalties.
Print on Demand
This is a good option for someone with a limited audience. You use your own money to produce the book and then have a company (such as Amazon’s Createspace) print them one at a time as they are ordered. The plus is that you don’t have any books that you need to store.
You pay to produce, market and warehouse your books.
With all of these methods, the majority of the work and expense of publishing falls on the author’s shoulders. And as hard as it is to find a traditional publisher, it can be equally hard to find physical retail location that want showcase your new novel.
But often with today’s technology, many readers no longer buy physical copies of books. Many readers now have e-readers so authors need to determine whether they even need physical copies of their books to sell.
And this leads us to the last section in this three-part series on publishing a book – e-book publishing. Next week I will go over the steps to publishing your e-book.