"Vanity" Press Goes Digital →
Via Sagatrope, who writes:
The Wall Street Journal has a great piece explaining all the advantages the self-published author has behind them. It looks like the publishing industry is starting to mimic the music industry. Here is what readers of WSJ online have to say about self-publishing.
It might come as a shock to some academics and those that refuse to accept a changing business model for something as seemingly unchangeable as the printed page, but it looks like it’s going to be hard for these big publishing houses to continue living in denial.
But, from the article itself (my emphasis):
More than 90% of sales still come from physical books. In addition to the editing and marketing support for their manuscripts, many writers depend on the advances they get from their print publishers. For some, this means seven-figure payments long before their titles hit the bookshelves. Self-published authors only generate revenue when their books are sold to consumers.
Going without editing or marketing can really handicap writers. The biggest dealbreaker, though, is the loss of the advance — especially if the self-published writer is paying someone else to edit, design, and market the book.
