I must admit, I did look at all the options first, ie
Using the services of a Publisher/Agent
This would be regarded as the traditional method. It has advantages as far as an author is concerned in that a Publisher would cover all the costs involved in publishing and marketing a book, ie handling all the set up costs, giving advice on layout, content, proofreading, cover design, obtaining the ISBN/copyright, undertaking all the advertising, distribution, etc. Then the author can just sit back and await the royalties! It also used to be the case that an author would receive an advance – not so likely any more.
Fort St Angelo, Malta
These days it is very unusual for a publisher to accept the work of an unknown author. Even established agents are not interested. With so many books available, and with the large number of ‘famous’ people who are producing books, it would be a stroke of luck if a Publisher or an Agent accepted a novel from someone who was unknown, unless they had the right contacts.
I sent the first three chapters of my book, together with a synopsis and other details, to over 25 publishers and got a very mixed response: they either suggested I find an agent, said they were not interested, came up with extortionate amounts required if I want to self-publish, or just did not reply at all. Some Publishers did not even return the three chapters that I had bound and covered, despite the fact that I included a stamped addressed envelope.
The only thing the responses had in common was that they all amounted to rejections.
Apparently, even J K Rowling experienced at least 12 rejection letters before finding a publisher, and then it was only because a publisher happened to give a copy of her book to his daughter to read and she happened to like it! Also, I understand Lord of the Flies by William Golding was rejected by 20 publishers – he later went on to win the Nobel Prize for Literature.
However, what it amounts to is that in this day and age it is virtually impossible for an unknown to find a publisher or an agent.
Publishers don’t want to take a risk. Why should anyone want to buy a book by an unknown author? Also, selling the printed word is very difficult nowadays; bookshops are closing down because people are buying over the Internet, cheap or reduced price copies of books are available everywhere, electronic versions are there to be downloaded with ease and if they are outside their copyright period, they can be obtained for no cost at all. Then you still have the historic situations – people can obtain books from libraries, second-hand books can be purchased from charity shops and then you are supporting a charity, and finally, books are shared among friends or within Book Clubs. Then there are those people who never read fiction, or would not read fiction of a specific genre, and those who would even think about reading a book at all. Therefore, the market is limited and it all equates to fewer and fewer sales of hard copy books.
Vanity Press
The author finds a printer willing to print a specific number of books for a certain price. The printer might obtain the ISBN and copyright, or the author might be expected to do this for themselves. However, the author would definitely be expected to do all the marketing, advertising, sales and distribution. In addition, the author would need to supply their work in the correct format, proofread it, supply a cover picture and all the wording required on the cover page, etc.
The other disadvantage with this method is that in order to keep the cost down, the author would probably need to buy a large quantity of books initially and then despite hours spent trying to sell these books, it might prove to be impossible to do so.
How many stories have we heard of people with large quantities of their own publications stored in lofts?
Self-Publishing
In this instance, the author pays for all the costs involved in publishing their own book. There are many companies out there now offering this option, but the price involved does vary tremendously and it is necessary to ascertain what is included in their quotation.
The following is what I was quoted for:
1. The book can be supplied in a pdf format, or as a Word document and it will be laid out for you.
2. The publisher obtains the ISBN and copyright, but the copyright is retained by the author.
3. The book trade will be supplied with an electronic record that links to your book so that any bookshop can purchase it direct from the publisher.
4. ‘Print on demand’ is used so that copies are only printed as required.
5. All distribution to customers or bookshops is undertaken on your behalf.
6. You can decide on the retail price and the royalty you would like to receive on each sale.
7. The book, including a lot of details, will be displayed on the Amazon website as well as on the publisher’s own website.
8. Cover design was included if a picture was supplied.
9. Books can be purchased personally at a reduced cost price.
10. A wide range of marketing options are available which will facilitate the book being marketed throughout the world.
From my research, I discovered that some Self-Publishing companies were UK-based, but a lot of them were American.
Self-Publishing has its advantages which you can see from the above, but it also has its disadvantages (all of which I will go into in more detail in my next post).