Self-publishing may perhaps not be for all and sundry. For various writers, however, it is an opportunity that makes sense. While this might not always be a walk in the park or plain sailing, the pros and cons of self-publishing are significant and hard to ignore.
Let's see what you stand to gain and also the disadvantage part of taking the self-publishing route. Below are the definitive pros and cons of self-publishing.
THE PROS OF SELF-PUBLISHING
A publisher will undoubtedly tie you down and control everything about your book (the look, layout and other aspects). If you self-publish, you’ll have absolute control and freedom over how the book looks, and you can easily do further self-promotion within the book where the publisher would’ve promoted themselves. This is mostly good for anyone who has a backend catalogue that the reader may be interested in. Complete freedom will give your book a long shelf life in which to find its audience.
You Own Your Work
You can easily convert your printed copy to digital publication. This is what many publishers will not allow you to do without bottle neck approaches. If perhaps it's difficult to make sales, you can break it up, give it away for free, and sell rights to the book. As long as you retain control as a self-publisher, your work can continue to serve you in many ways even if it fails in its primary objective.
Furthermore, your book can never go out of print because you can always reprint as often as you like or based on market demands. When compared to publishers, they often stop printing books outside bestsellers. Furthermore, authors have to wait years until their contract expires to buy back the rights of their books. Having complete control over the entire publishing process and the lifespan of your book is perhaps the most significant benefit of self-publishing.
The Prospective Income is more.
When you self-publish, you’ve pretty much work to do. This extra effort is rewarded because you get to keep all the profit from your book sales. A critical look at all of the tasks involved should tell you how expensive it can be if you use a publishing house. On your own, you’ll save from 70 to 100 per cent of the sale price.
THE CONS OF SELF-PUBLISHING.
Overcoming Integrity Issues.
Low barriers to entry can mean low quality. You may dislike substandard work, but a lot of people who can’t distinguish good from the bad can publish as you do. As a result, when shoppers see “self-published” books, many might be skeptical about purchasing. This means you’re going to have to work harder to distinguish yourself.
You’ve to handle everything.
Absolute control comes with responsibility for doing things well. While you can get books to market faster, self-publishing will often take you more time because of the various roles you need to fill. In fact at some point, other areas of your life might suffer. Plus, you’ll have to organize and arrange means of distribution and getting the book into online stores. People who are accomplished at this, will probably do well but those who aren’t, it’s going to be a learning process.
The Financing Investment is on you.
When you self-publish, you’ll produce this cash and hope the book generates enough revenue to recoup your investment and render a profit, unlike the publishing houses that provide part of the financial investment.
When it comes to the pros and cons of self-publishing, you’ll have to choose which method works best for you and where you’re in terms of your capabilities. If you feel intensely that traditional publishing is still your route to success, be sure to follow the Guide to Literary Agents blog which continually offers excellent advice on landing a literary agent. Ensure you bookmark Konrath’s piece on how to make money on ebooks and read it at your own pace.