It's best to understand the publishing landscape before you begin the journey of writing and promoting your book. Traditional publishing is often seen as the gold standard, but it’s not the only option. Fewer than 10% of authors make significant money from book sales alone, so true value lies in how your book amplifies your business, personal brand, and it’s impact on the world. Explore the 3 different publishing models to determine which one best meets the goals you have for your book.
Co-publishing strikes a balance between traditional and self-publishing, offering authors a middle ground. In this model, while you invest in the publishing costs, you enjoy higher profit margins per book, retain your rights, and have significant control over marketing and distribution. It's a partnership where risks are shared, and so are the rewards. However, this model requires you to be more involved in the publishing process, from marketing to selling to retailers, which might be a disadvantage for those authors who are looking for a hands-off approach.
Traditional publishing, represented by the Big Five New York-based publishers—Penguin Random House, HarperCollins, Hachette, Macmillan, and Simon & Schuster—remains a coveted path for many authors. These giants control a significant portion of the U.S. book market, offering the prestige of association and the benefit of their vast distribution networks. Opting for traditional publishing means the publisher covers the costs of publishing and marketing, albeit at the expense of lower profits per book for the author and less creative control. This route is ideal for authors who seek the recognition and resources that come with established industry players but it requires a willingness to navigate the competitive selection process and to collaborate within the publishers' frameworks. Other publishing paths are equally valid.
Self-publishing is where you have complete control. Authors take on the roles of writer, publisher, and marketer, bearing all costs but also keeping all profits. This model offers the highest level of creative freedom and financial return per book, making it ideal for entrepreneurs and authors looking to build or enhance their personal brand. But it also demands a significant investment of time and resources into marketing and distribution. While some in the industry used to view self-publishing with skepticism, it's become a powerful and profitable option for writers who seek autonomy and direct engagement with their audience.
Traditional | Co-Publishing | Self-Publishing | |
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Distribution | Yes | Yes | Yes |
Book Rights | Publisher licenses | Author owns | Author owns |
Publishing Expenses | Publisher covers | Author covers | Author covers |
Marketing Expenses | Author covers | Author covers | Author covers |
Signing Bonus | Most of the time | None | None |
Royalties | 1%-10% of sales price, paid every six months | 10%-50% of sales price, paid every six months | 100% of the profit immediately upon sale |
When to Use |
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Eligible to Become a Bestseller | Yes | Yes | No |
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