Pros and Cons of Self Publishing
The stigma around self publishing often deters people from the idea of it.
"Authors now have a choice in how they publish"
However, there are actually many advantageous aspects to self publishing.
Having creative control
Self publishing means you keep creative control over your work. You get the final say on the content in your book; not a publisher.
Higher royalty rates
When you self publish your book, you can earn up to 90% of the revenue from the sales of your books.
No deadline stress
Being your own publisher allows you to work without specific deadlines; you have the ability to take as much time as necessary to complete your book.
Quicker publishing process
The self publishing process is a lot quicker; you simply finish your book and send it in for printing. The long process of finding a publisher and publishing with them has been eliminated.
More frequent pay days
Most traditionally published authors only receive royalty payouts twice a year; whilst self published authors get royalty payouts monthly.
Rejection does not exist when self publishing. You get to write whatever you want to write, without a publisher suppressing your words.
Maintaining your rights
Traditional publishing means handing over the rights to your book. Self publishing means maintaining these rights.
Anyone can publish
Self publishing is in no way discriminative. Anyone can publish anything they like, when they like.
This being said, there are still a few disadvantages to choosing self publishing over the traditional publishing route such as:
Doing everything alone
Whilst working alone on your book may seem attractive, you are also expected to edit, proofread, create a book cover, a blurb, etc. all by yourself.
If you search for professional help (e.g. editors, formatters), there is usually a large upfront cost for their services.
Potential financial loss
Furthermore, if your book does not sell well enough to break even on the money spent on preparing your book, you may suffer a large financial loss.
Stigma around self publishing
Many people have created a stigma around self publishing whereby the books are a low quality. This stigma therefore means self published authors have to work hard to prove credibility.
No agent support
Agents often support authors and motivate you to continue on your journey, giving you advice and encouragement.
You are your own marketing team
Self publishing your book often means becoming your own marketing team and promoting your book yourself. Promotion is essential but often time consuming.
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