Pros and Cons of Traditional Publishing
Traditional publishing is widely acknowledged to be the better option when publishing a book. This is because, as the name would imply, it is traditional and people do not like breaking the traditions. People are often under the impression that traditional publishing is the easiest and best route to go down, simply because it's the one most "popular" authors go down. Let's weigh up the pros and cons of traditional publishing...
Having an agent
Your agent will help you to get the most out of your book. They negotiate book deals and mentor you along your journey.
No upfront costs
Going down the traditional publishing route means there are no upfront costs to publishing your finished book.
When signing a book deal, you are likely to receive a signing bonus; your cash advance. Advances tend to be between approximately £1,500 and approximately £11,000, dependent on many factors.
Opportunities such as having your book placed in major bookstores are far easier to obtain when you go through a traditional publisher.
The majority of authors you see in popular book stores are traditionally published
More time to write
With a dedicated team behind you, you have much more time to write. You would not have to worry about other aspects such as book cover design; your team will take control of that.
Greater opportunities for acclaim
Traditionally publishing means you may have more of a chance to win book awards, earn starred reviews and get on bestseller lists.
When you self publish, you are your own marketing team. Traditional publishing means you get assistance when it comes to marketing your book.
Many writers doubt themselves. Getting accepted by an agent and a publisher can be personal validation that you are a good writer.
Lower royalty rates
If you are an author, you must earn back the cash advance given to you before they begin to earn royalties. Even then, you only earn 10% of the revenue made from sales.
As a published author, you may only get given royalties twice a year. This can cause serious financial issues.
Loss of creative control
When publishing your book traditionally, your publishers will always have a final say in aspects such as the book cover, title and blurb. You do not get the freedom you deserve.
Traditional publishing often means a complete loss of control
Long publishing process
Traditional publishing is a long process; it can take anywhere from 3 months to a year.
Many authors suffer large amounts of rejection before being accepted into a publishing house. This rejection can cause authors to feel disheartened.
Loss of rights
You give up your rights to your book once signing a traditional book deal.
So there are some of the major pros and cons of traditional publishing. It's important to weigh them all up before making a decision to go down the traditional publishing route, as the losses can often be a disadvantage and not something all authors want to agree to. The pros and cons of traditional publishing will allow you to grow your understanding of going down a traditionally published route and enable you to see what the process would be like.
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