I’ve helped savvy authors transition their books away from traditional publishing houses, newly publishing authors make informed decisions to pursue other options, and even had personal experience publishing under my own traditional contract. Here are the top 7 or so reasons to re-consider holding out for that traditional contract and self-publish today…
7 – Traditional publishers lose money on over 85% of the books they publish, so they only accept 2% of those that are submitted.
6 – Traditional publishers typically accept manuscripts only from established authors who have already demonstrated a proven platform.
5 – Authors lose all control of their content during the editing process with a Traditional Publisher.
4 – Authors must still invest an enormous amount of time, energy, and money promoting a traditionally-published book.
3- Traditional Publishing: Authors typically receive 5-10% royalty on the wholesale price of the book, and from that have to give 15-25% to their agent. Do the math.
2 – The majority of books published by Traditional publishers go out of print within 3 years. Many books that are stocked on book shelves remain stocked for as little as five weeks before being returned, unsold, to the publisher.
1- Traditional publishers acquire all rights to your book and keep them, even when the book goes out of print or the publisher goes out of business!
– Karl Schroeder