SELF-PUBLISHING YOUR OWN BOOK IS THE NEW BUSINESS CARD
By Dhruv Varma
We live in a world where publishing a book, regardless of genre, has never been easier. So, let us examine the two methods of publishing a book in order to make this a simple decision for you.
The traditional publishing method
It is, as the name implies, the traditional form of publishing in which a writer creates a manuscript and self-edits it to its best version. The manuscript is then submitted to literary agents, and if your work is accepted, it is then submitted to publishing houses. If a publisher accepts your work, you will be offered an agreement to publish your book through them. The publisher is in charge of the entire production, publishing, and distribution of your book. The next step is to use effective and strategic marketing to sell your book to the general public. You are paid a royalty on each book sale based on the royalty rates and the number of units sold.
Self-publishing
Do-it-yourself publishing is what self-publishing entails. The author creates a storey, writes a manuscript, and edits it himself. Professional services play an important role, and the author has his book edited and formatted by experts. To achieve the best results, the book cover is also professionally designed by skilled graphic artists. The author's book is published, marketed, and distributed using a self-publishing platform. As a result, the author assumes the role of entrepreneur and invests in order to successfully launch their book.
Now that you understand the distinction between the two types of publishing, let us examine their advantages and disadvantages.
While traditional publishing provides you with the final published book at no upfront cost and with social credibility, there are some drawbacks such as high market competition, limited creative control, and royalty rates that range around 8%. The procedure is quite detailed, and book marketing is entirely dependent on your efforts. If you want to publish your book traditionally, we recommend going through an agent to increase your chances of success.
Speaking of self-publishing, there are numerous opportunities to publish your book on your own terms while also improving your publishing skills. You have complete control over your writing, manuscript editing, and book design to ensure that the entire process is carried out according to your vision. The royalty rates in a self-published book deal are much higher, reaching up to 70% depending on the platform. It is a relatively quick process, depending on your pace, and, unlike traditional publishing, you have complete control over the publishing timeline. As a result, self-publishing is gaining popularity among today's writers at a rapid pace.
The publishing process is not one-size-fits-all. It simply depends on what best suits your needs and working style. Having said that, the content produced on platforms such as Instagram has changed the face of content creation, thanks to the thriving creator economy. In these times, free self-publishing platforms like Pencil are meeting the needs of writers and storytellers all over the world. Books are edited and designed by seasoned professionals at a low cost. It is a simple platform that allows writers to write and publish their books to 400+ retailers worldwide in both eBook and paperback formats. We understand that writing a book can be difficult, but publishing shouldn't be!
To simplify your understanding of self-publishing, here is a link on how THE LITTLE BOOKTIQUE HUB helps writers turn into self-published authors.
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