If you want to write or have already written a book and are worried about landing a book deal, you should really consider self-publishing. Times have changed, and signing on with a big publisher is no longer the only way to get your book into the hands (or onto the screens) of readers. Here’s why you should give self-publishing a chance.
If you think readers will shy away from self-published books, think again. Sales show that readers are more and more interested in purchasing books from independent authors. If you can get a good fan base and work on a solid marketing campaign, your self-published book can absolutely compete with books published in the traditional manner.
Not only are independent authors selling books, they are topping the charts. The books published by the “Big Five” publishers only represent 16% of the bestsellers. Self-publishing has allowed readers to discover new authors, and it’s clear that they are enjoying what they are reading. It just goes to show that if you can write a quality book and market it properly, you have a good chance of not only selling books, but also becoming a well-known author.
3. You are in control of your timeline.
If you go the traditional route, you will have to first spend several months searching for an agent, who will then spend even more time hunting down a publisher. Even if your book is accepted, the timeline for your book hitting the press could be 1-3 years, and remember, that’s if and only if you actually land a book deal. Not to mention the 15% you have to pay your agent for landing the deal.
If you self-publish, you can get your book out as soon as you are confident in your final draft. Obviously, it’s best to go through several edits and not begin the publishing process at 2am while you’re wired on your 4th cup of coffee. The point is that once your book is finished, you can publish it in a matter of months instead of years.
4. You set the price.
If you go the traditional route, your publisher will set the price for hardcover, paperback, and E-books, and you have no say in whatever price they choose. If you self-publish, you can set a price point that works for you. Smashword’s 2014 survey showed that E-books priced between $2.99 and $3.99 tend to sell best. If you think that seems low, keep in mind that you won’t have to turn over 85% of your profit to your publisher, like you would if you went the traditional route.
It’s free to publish through Amazon’s CreateSpace print on demand service, which allows you to print physical books only when they are needed. Print-on-Demand services also help you avoid excess inventory. Traditional publishing involves ordering press runs of books that could end up leaving you with a stack of books you have paid for but haven’t sold. Self-publishing through a POD service saves you money on inventory, as well as on the cost of shipping and storing the books.
5. You are in charge of marketing & sales.
Many authors believe that traditional publishers will go above and beyond to market their book, but that’s not true. The reality is, even if you go through a traditional publisher, you will most likely have to come to them with some sort of marketing plan, which they will then decide whether or not they want to implement. Not only will you be at the mercy of the publisher’s marketing tactics, you’ll also be tied to whatever budget they allot to you.
Self-publishing means you are completely in charge of your marketing. Even if you decide to hire a marketing consultant, you will have the final say on any marketing decision. No one believes in your book more than you do, so why not put your passion into your marketing strategy?
These days, readers are less concerned with who published a book and a lot more concerned about the quality of the writing. Self-publishing is an excellent option for any author that is ready to tell their story.