Pros and Cons of Traditional Publishing
Traditional publishing is widely acknowledged to be the better option when publishing a book.
In fact, there are a lot of advantageous points to 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.
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.
On the other hand, there are many disadvantages to traditional publishing; perhaps making it inferior to self publishing, such as:
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.
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.
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