Yesterday I attended what was termed, A Self-Publishing Summit. Those there, included the Directors of two Publishing Companies, both offering publishing packages and both of whom have left good positions in Traditional Publishers. A best-selling author who walked out of her deal with Harper Collins, because she wanted more control of her work. Two other professional people, with academic qualifications longer than the room I’m sitting in, who had offers from traditional houses but chose to ignore. There was a publicist, a printer, a literary agent, a couple of editors and a cover designer. The whole of the industry around books is changing, and changing quickly. However, three points that stood out yesterday. One: the average spend by traditional publishers on publicity for a new author is…Three hundred and fifty pounds. Two: The average sales of a self-published writer is…One hundred and seventeen books in a year. Three: There are idiots out there. One author, on enquiring about a publishing package, seriously expected to sell a million copies without doing anything himself.
Everyone is in this business to earn money. No-one will help you unless you help yourself.
Check very careful which route, if either, you want to go down. Do all your due diligence in great detail. Check your rights to your work, your share of the profit on your work and most of all the integrity and honesty of who you deal with.
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