Jane Friedman has a helpful post, and a handy infographic, on what she sees as “the key 5 publishing paths, their value to authors, the potential pitfalls, and examples of each.”
Here are the five paths:
- Traditional publishing: where you query and submit to agents and editors in an effort to land a contract that pays an advance and royalties (and typically involves nationwide bookstore distribution).
- Partnership publishing: one might consider this the evolution of traditional publishing, where authors are positioned more as partners, receive higher royalties, but usually no advance.
- Fully-assisted publishing: the old “vanity” self-publishing model, where you write a check and get your book published without lifting a finger. I don’t recommend this, but it’s still a significant part of the self-publishing market, now dominated by Author Solutions.
- Do-it-yourself (DIY) publishing with a distributor: while this applies to either print or e-books, today this usually involves e-publishing your work (to reduce financial risk and investment involved with print), and using a service provider or distributor to reach all possible online retailers—and/or to provide some level of assistance.
- Do-it-yourself (DIY) direct publishing: when an author doesn’t put any middlemen between him and the retailer selling his books. Often, this option is combined with #4 above; for example, someone might sell direct through Amazon KDP, and complement it with distribution to all other retailers through Smashwords. This is possible because most distributors and online retailers of e-books work on a nonexclusive basis.
For more detail read the blog post or click on the image above for the full size version.
(via HuffPost books)