To better understand publishing options, here is a traditional publishing vs. self-publishing comparison.
In this traditional publishing vs. self-publishing comparison, the most critical difference is who pays the cost. In self-publishing, you the author underwrite all of the costs of producing your book. That might seem like a lot, but remember this also means you collect all of the profits.
The difference can be dramatic: A common royalty from a traditional publisher is 5 percent, or about 50 cents from a book that retails at $9.95, but if you publish the book yourself, you pocket the entire $9.95.
Another bonus for self-publishing is speed in delivering your message. While traditional publishers accept only about 1 percent of book proposals for publication, self-publishing firms rarely turn down authors.
So instead of shopping your book for months — even years — at traditional publishers or relying on an agent to market your proposal, you can get your book published and ready to sell within weeks or months.
If you feel you don’t have the time or skill to write a book yourself, a ghostwriter can take your ideas and massage them into a polished manuscript for you. Here’s where you can find a ghostwriter.
Self-publishing works best for those who have a platform for selling their books. If you have an established speaking career, or you are a workshop leader or business leader, self-publishing could be your best option.
If you do not have those, you can still build your audience through websites and email databases.
Read more about Self-Publishing E-Books
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