Self publish to be rich or poor?

Trish Gentry of ChickletsLit poses a healthy discussion for an author to consider going the indie route and self publishing as opposed to taking two or more years getting published the traditional way, via agents, publishers and those old style methods – the book store.

She lists in great detail the woes of an author trying to find an agent, let alone a publisher. She pursues the small amount of royalty available for new authors and that’s without mentioning the ridiculously small advances still available from some publishers. The advance, unless you are extremely lucky or have the world’s next Harry Potter series, is unlikely to reach a year’s salary while you wait for your book to reach the shelves, or the eShelf as it is now called.

Trish discusses her friend Rob Guthrie’s idea that even Amazon might charge to list a new author in the future and the expense would still be sweeter than the traditional approach. He has a point, but one I hope he keeps to himself. You don’t need to give Amazon ideas on how to make money. They virtually print the greenbacks.

The figures for self publishing work well for the author when self publishing, but there is still the heavy heart that says marketing is the key to the sales and a big publisher has a head start with this. The eBook revolution has flooded the market with so much competition (including those 99 cents books you sometimes don’t even read or give up after 30 pages – something you would not do usually, with a printed book) .

At least now, to make a living, you only need sell 500 copies a month, throughout the world, via Smashwords, B&N, Kobo or Amazon’s 70% rate (@$2.99 a book = $2 profit) when you needed 2,000 a month the printed way of the old world (@$1.00 from a $15 book sale.)

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