The literary agent Rachelle Gardner had an informative post on her site recently: Can I make more money via traditional or self-publishing?. Her post looks at the issue from the agent side, specifically what the monetary threshold (e.g. amount of the advance) of her clients is before they would choose to self-publish.
I am a neophyte to all of this, and I should mention that I have my heart set on traditional publishing. Nevertheless, I am learning a lot about self-publishing and the opportunities that are opening up to authors.
I’ve written a lot about my experiences at the Matera Women’s Fiction Festival and what I learned there. The merits of traditional vs. self-publishing were discussed on the podium, and in the hallways, and later on in the restaurants and receptions.
There’s a lot of information out there for new authors to process. Some authors feel you have a far greater level of freedom, and greater monetary gain, by self-publishing. Some worry about restrictive new contracts by traditional publishers limiting one’s ability to self-publish. And some prefer to continue on the route of traditional publishing, although they are keeping a close eye on developments in indie publishing.
I’ve posted author interviews with authors who’ve taken both routes. Chantel Rhondeau decided to self-publish her novel, and Catherine McNamara and Jessica Tuccelli decided to go the traditional route. All three offer valuable advice.
And you, writers? Have you gone one of the two routes and do you have ideas and advice for others? Or do you have your heart set on traditional publishing or self-publishing? And if so, why? Would love to hear your thoughts on this!