Why Traditional Publishing is a Challenge
Traditional publishing is the premiere way to publish for authors, so goes the myth. But did you know that many big name authors now self-publish? Do you know why for some authors this has become a more desirable route? 8-12 percent royalties -- when you use services like my company 3L Publishing , royalties range from 35 to 100 percent. If you sell 10,000 copies at 10 percent, say, for $10 books, that is a $1 a book. You've made $10,000. If earn 35 percent of that same $10 it's $3.50 per book, which is $35,000. You can quickly see why some big names decide to publish independently. Agent Fees : Now let's take that $10,000 and pay the agent who got you the traditionally published deal. Most agents take between 10 to 20 percent. For the sake of easy math, let's subtract your agent's fee of $1,000 for your $10,000 and now you have $9,000. The self-published author with a name, still has his/her $35,000. Which would you rather have? $9,000 for selling 10,000 ...