The world of publishing is changing.
According to recent articles, the sale of e-books last year accounted for 9% of all book sales. Over the Christmas season, Amazon reported they sold 115 e-books for every 100 paperbacks sold. The New York Times is set to begin an e-books bestsellers list. Tech Eye.net reports that e-reader sales will surpass 11 million in 2011, an increase of over 68%.
Do you own one yet? I don’t but I will soon.
Sounds like a great time to be a writer, doesn’t it? More venues for people to buy your books should equal more income opportunities, right? Well, sort of.
Here’s the dilemma: as a ‘sruggling writer’, do I continue down the traditional publishing path (i.e. – send out hundreds of query letters hoping to land an agent , then have an agent query publishers hoping to get the book published) or do I go straight to publishing my novels on line.
There are pros and cons to both.
Traditional publishing: Pros – advance money up front, a professional editor, distribution, the smell, touch and feel of paper, promotional budget (usually very modest).
Cons – agent takes 15%, publisher takes much more, some creative control given up, tough to get published (and getting tougher), and the big thing: time. For example: I have a publisher out of Calgary interested in one of my manuscripts. I’m still waiting to hear back as to whether they want it or not and I sent my origianl query letter in Oct…. of 2009. That’s right, your heard me: it’s been 16 months and they still don’t know. On a smaller scale, I had an agent request to read my manuscript and said not to ask about the status for twelve weeks but would probably be back to me before that. That was almost twenty weeks ago. In fact, it’s been almost 8 weeks since I sent an e-mail inquiring about the status. No response.
And that’s just trying to find someone who’s interested in my work. If the publisher contacted me today and bought it, it would still be at least a year before it saw print.
Next blog: the pros and cons of e-publishing.