As many small-time authors and self-publishers have discovered the hard way, the traditional book publishing model is fraught with problems that conspire against an individual author/publisher making a decent living from their work.

The traditional model normally involves two basic choices: 1) use a commercial publisher, or 2) self-publish.

THE COMMERCIAL PUBLISHER ROUTE
This option involves the author submitting book proposals or full manuscripts to commercial publishing houses in hope of acceptance.

Once a manuscript is accepted by a publishing house (the vast majority are not accepted) a contract is signed between the author and the publishing house. This kicks-off a time- consuming and often complex process involving printers, shippers, wholesalers, distributors, marketers, and finally, booksellers, all managed on the author’s behalf by the publishing house.

Typically, it takes anywhere from 18 to 24 months from the time the author finishes a book manuscript, until the actual book gets onto the bookshelves.

THE SELF-PUBLISHING ROUTE
The self-publishing option is one in which the author eliminates some of the middlemen and manages the overall publishing, distribution and marketing processes him/herself.

This option gives the author much more personal control of the whole process and allows him/her to earn more money per copy than through a commercial publisher. It also involves a lot of work by the self-publisher who is responsible for performing all of the functions and services that a commercial publisher would normally look after.

This model is normally less time-consuming in terms of elapsed time, since there is no manuscript submission and approval process involved. On average, the self-publishing process can save 6 to 12 months over the commercial publisher model.

THE SHOCKING DOWNSIDES OF TRADITIONAL PUBLISHING
Based on my first-hand experience with the North American book publishing and distribution industry, I have to say that it is one of the most archaic and poorly run business models that I have ever encountered. The entire industry seems to be decades behind current-day business practices of other industries.

Very few people know from the outset what they’re getting into when they choose to publish their book via the traditional publishing route. They have no idea at the beginning just how backward, outdated and dysfunctional the entire conventional book publishing industry business model really is.

Here’s what the conventional book publishing industry WILL NOT spell out to you before you sign-up...

Give Away Half Your Book’s Value Up-Front
If your book’s cover price is, say $30, you will be forced to discount at least 40% to 60% right off the top when selling your book to wholesalers and retailers. So, you’ll really be working from an actual price of somewhere between $12 and $18 -- not the $30 you first thought.

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