Yesterday, I got to attend the Philadelphia Writer’s Workshop at the Sonesta Hotel. I began my day with salami and provolone cheese sandwich for breakfast; then I headed downtown. It was an excellent conference, but the classes that struck home related to the dos and don’ts of self-publishing (loved that class) and the advantages of traditional publishing versus self-publishing. I had my lunch over at De Bruno Brothers and took advantage of the opportunity to buy cheese. When you’ve tasted their fine cheeses, you’ll want to buy more.
Chuck Sambuchino discussed the advantages and disadvantages of both kinds of writing. With traditional publishing, there are no startup costs. The company will edit, handle the cover illustrations, and may even hire someone to provide marketing. Whatever money you get with your advance is yours to keep, and perhaps later, you might get film options. It carries an air of legitimacy; ergo people will be more agreeable to review your book and interview you.
Ah, but since the company is fronting the money, that leaves you at the whims of others. After the advance, the royalties run about 10 percent, and it takes a lot of time from contract signing to book release. Assuming you get an agent’s attention right away, it could take several months before the contract between you and agent is signed; months before that agent signs you with a publisher; a total of two to four years before the book is released.
Self-publishing gives you control over the editing, illustrations, formatting, price, etc. The royalties are decent. The length of the book and genre don’t matter; self-publishing would be ideal for someone who’s focusing on a unique interest and has a ready market for their book. What’s more, depending on the company, you could have your book released in a week. It took me six months to a year for each self-pub work because the book went through an editor before I got into formatting.
The downside is, you become your own agent, editor, marketer, etc. or be ready to pay upfront fees for these services. Self-publishing still carries a stigma; bookstores and reviewers will shy away from your book. There’s no help with marketing or subsidiary rights, and without a platform, promotion is an uphill battle.
The time factor mention hit me where I live, and that was why I self-pubbed many of my books. Up until February 2013, I queried agents and lined up at seminars for pitches, but in 2013, I had two admissions to the hospital for water on the heart. Last January my husband died, and recently the homeowners’ association discovered significant termite damage in my floors. I’m healthy now and have had no mishap with the floors, but my takeaway from these events is this: Tomorrow isn’t guaranteed. With that in mind, I’ve had a rough time wrapping my head around the idea of waiting four years for a book to go live. Thankfully, I’ve found ways to work around some of the disadvantages of independent publishing. I’ve also published with small presses; this helps with the time element.
That’s not to say I’d never try traditional publishing again; I may change my mind years from now. I’d love to hear your thoughts on this. Do you feel traditional publishing is best or do you prefer independent publishing? What have your experiences been like?
In the meantime, there’s another salami and cheese sandwich with my name on it.