Are You Snobbish About Self-Publishing?

by Jan 03, 2018, 3 Comments

NOTE: This post has been substantially revised. Thanks to one dedicated and knowledgeable reader (please read his comments below), I realized that my intent to show self-publishing as a viable route to get your work out there didn’t come across at all.

Now let’s get to the meat of the post.

Do you think all self-publishing is merely vanity projects? Are you worried anyone can slap a few words on a page and click on publish to become a published author? Do you also fear any self-publishing company will publish an e-book or spit out print books no matter the quality of writing?

When you meet an author, is your first question, "Who was your publisher?" And when they tell you they self-published, is your knee-jerk reaction their book wasn’t good enough to be picked up by even a mediocre publishing house?

If the above questions touched on some deep, dark places in your mind and heart, you may be a snob who thinks self-publishing is for amateurs.

Is self-publishing for amateurs?

There are vanity presses out there who, for the right price, will publish anything. That’s not what self-publishing is about.

The key question to mull over when considering self-publishing is "Are you an entrepreneur?"

You must be a self-promoter and have a robust marketing plan in place, or you won't make a living from your self-published books. The truth is that if you have a fan base you can promote your books to, you can make more money from self-publishing than traditional publishing.

We had a post a while back from author Iain Rob Wright who shared all that he has learned as one of the early adopters to the self-publishing world: How to Self-Publish Your Book: Advice from Iain Rob Wright

To get a sense of how writers earn from the two systems, here is a simple equation:

Traditional publishing:

Sells 10,000 books at $15 a book, and you get 15% of the profits

  • 10,000 x $15 = $150,000 x 15% = $22,500

How do we know a traditional publisher can sell that many books? Because most publishing companies won’t accept a book if they feel it won’t sell at least 10,000 copies. They have a whole promotional system that will get your book into shops and in front of the readers that matter.

Self-publishing:

Let's use a self-publishing company like Standout Books to compare. They offer a variety of self-publishing packages and you pay a one-time fee depending on the package you choose (from $799 to $2,099), but you keep 100% of the profits.

Let’s say you sell 1,500 books at $15 a book and get to keep 100% of the profits

  • 1,500 x $15 = $22,500 (less your publishing costs)

So, the potential is there to make more money; you just need to have some great marketing skills to make sure that you can sell more than 1,500 books. With self-publishing, you can earn more money by selling fewer books than the traditional route, but it relies upon your ability to find those readers.

The truth about self-publishing

Times have changed. It was true in the mid-1990s that anyone could publish through a vanity press. But with any book published today (self- or traditional), the good ones will rise to the top. As such, the success rate for self-publishing isn’t that different from traditional publishing:

A few authors end up as best-sellers, and several will make a comfortable living. The rest won’t.

So, if you’re in this business to get rich, statistically speaking, it’s not likely. But if you’re in this business to get your thoughts and ideas out there, self-publishing is a viable way to accomplish it.

Jane Friedman has extensive experience in the publishing industry, both self-publishing and traditional. It’s to her well-respected opinion that we turn.

She wrote a fabulous article that anyone ready to publish should read first, "Should You Self-Publish or Traditionally Publish?" In it she asks 6 pointed questions about your motives, your entrepreneurial skills, and your target audience. Jane also offers advice gleaned from her years in the publishing industry you should heed.

Self-publishing requires a host of skills

Not only do you need to captivate readers and keep them turning pages with an excellent plot and characters, but you’re the CEO of your own company, one that sells books.

You need to wear many hats as a self-publisher. It’s on your shoulders to make sure your manuscript is the best it can be, build your author platform, market your book, manage inventory (if you’re selling print books), and the administrative and financial aspects of running a business.

Final thoughts

If you’re considering self-publishing your novel, watch out for scams. Scammers will reel you in with phrases like:

  • "Become a successful published author in less than X days"
  • "Guaranteed to become an Amazon best-seller"
  • "Skyrocket your career and your sales with self-publishing"

Take the time to learn the publishing industry. There are plenty of successful self-published authors out there who share their knowledge and advice. It’s imperative you learn the best way to self-publish.

Finally, never self-publish without editing and proofreading. Use ProWritingAid to polish your novel and then send it off to a respected editor to strengthen it. Because when you publish without ensuring your manuscript is the best it could be, it shows. And your sales—and your reputation—will suffer.

Have you tried ProWritingAid's editing tool yet? It will help you edit faster, strengthen your writing, and get your ideas across.

Try it for free now!


About the Author:

Kathy Edens is a blogger, a ghost writer, and content master who loves writing about anything and everything. Check out her book The Novel-Writing Training Plan: 17 Steps to Get Your Ideas in Shape for the Marathon of Writing or contact her at www.kathy-edens.com.

Comments (3) Add Yours

 
  • harveystanbrough says
    This is insulting. Anyone with any sense knows vanitiy publishing (Standout Books, to use your example) is not self-publishing. My works have been published traditionally and via independent (self) publishing. I would never go back to traditional. Your notion that authors who publish through a traditional publishing house make a 15 royalty is flawed. It's more like 8-10, and 15 of that goes to an agent. You fail to mention that most traditional publishing contracts require turning over all rights to them for the lifetime of the copyright (a horrible deal). You also state that traditional publishing houses promote authors' books, but unless you're James Patterson or Stephen King, that also isn't true. Most traditionally published authors promote their own works as much as indie published authors do. Finally, professional writers aren't in the game to "get rich." I make a nice living from well over a thousand streams of revenue as a professional fiction writer who writes mysteries, action-adventure, pulp-noir crime novels, westerns and science fiction. My only investment is a small fee per book for a print cover design, if and when I choose to take the book to paper. Otherwise, my only investments are time. If you take the time to actually learn the business, there's practically no financial outlay. On the other hand, I strongly recommend you hire a professional writer--one who knows what he or she is talking about--to write these articles. I am severely disappointed. http://harveystanbrough.com
    Posted On Jan 04, 2018 | 11:23
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    • Chris says
      Harvey, you are right. I don't think that the point we were trying to make came across properly. We have substantially revised the piece taking into account your feedback. I hope you find it improved.
      Posted On Jan 04, 2018 | 06:47
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  • marion.gropen says
    Let me make clear that I am an advocate for REAL self-publishing, and have been for more than a dozen years. BUT what you are describing is NOT real self-publishing. You are not publishing your own book, but paying someone else to publish it. There are real differences, and those differences make it harder to achieve any given level of success. No type of publishing success comes without effort and skill, or pros and cons. Traditional publishing limits the number of areas you need to master, and increases your likely audience by increasing your distribution reach and the amount of money invested in your book, but also limits your share of the profits. Self-publishing means you need to learn a heck of a lot more about a lot more areas, and to spend more of your own money to get a decent set of free-lancers, but you get whatever profits you can make. Note that most self-publishing authors fail to learn enough, and fail to make any profits at all. Paying someone to publish your work looks like a compromise and the "best of both worlds," but it rarely is. Instead, the publishing company you hire usually uses templates instead of doing a real layout on the text. They usually produce lackluster, routine covers using amateur images (often supplied by the author) instead of tailoring them to the market. And they hire cheap free-lancers, but charge you a more normal rate for their work. They offer marketing that is basically a spam blast. Etc, etc. In short, if profit and/or readership are among your goals, you would be better off doing either real self-publishing OR traditional publishing.
    Posted On Jan 04, 2018 | 03:19
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