|What’s the difference between traditional and self-publishing? (And which one should I go with?)|
It’s a really great question, but a lot of people forget that there’s actually three types of publishing: Traditional, Self, and Hybrid.
Traditional PublishingIf you’re thinking about traditional publishing, you should know that these publishers will likely buy your manuscript up front or pay you a royalty from each sale.
Traditional publishers take on the responsibilities of finding an illustrator, designing the book, and marketing the finished product. In other words, traditional publishers take all of the risk and pay for costs like illustrating and printing.
However, finding a traditional publisher that’s willing to publish your book can be difficult.
Self-PublishingSelf-publishing is exactly what it sounds like: you have control over everything. If you choose to self-publish, you get to choose the editor, illustrator, book designer, and printer.
You also foot the bill for the initial formatting and printing of the book, BUT, you get to keep 100% of the profits and rights of your book.
When I published my first book, I CAN Believe in Myself, I decided to self-publish. I mainly did this because I didn’t want to wait for a traditional publisher to accept it. I wanted my book out within 1 year, so self-publishing gave me the ability to set my own schedule.
Hybrid Publishing is one of the lesser known publishing options. Most new authors are unaware of it.
Hybrid Publishing is best described as a combination between traditional and self-publishing as most hybrid publishers offer you assistance throughout the publishing process and will publish your book for a fee.
However, each hybrid publisher is different. This means that different hybrid publishers will offer you different kinds of help.
For example, my hybrid publishing program, the Publishing Mastermind, helps authors by providing them with a variety of services such as editing services, book design, cover design, and Amazon set-up.
My Publishing Mastermind also gives authors the chance to be mentored through the publishing process and connects them with other authors through monthly meetings. By the end of the program, you will have your book published.
Some hybrid publishers, however, might offer other services. At the end of the day, if you choose to use hybrid publishing, make sure you do your research before hiring. Ensure that you’ve picked a reputable publisher that has a genuine interest in you and your story.
Finally, the two most important questions you need to ask yourself while looking for a publisher are: who retains the rights to my book and how much of the profit will I have to share with my publisher?
With my Publishing Mastermind, every author keeps 100% of the rights and 100% of the profits.
So, my advice is this:Think about what it is you want.
- Do you want to be a part of the creative process, having input on things like the illustrations?
- When do you want your book to come out? Can you afford to wait years for a traditional publisher?
- Would you want to do everything on your own, or have a guide to help you with the decision making process?
- If your book suddenly becomes a big success, who do you want holding the rights to your book? You?
Want to learn more about the Publishing Mastermind?