Obviously, with this method you need to write query letters, submit
manuscripts, get an agent, and it make take up to two years before you
see the book finally published, if it is accepted.

You also lose a great deal of control over the editorial process, book
cover design, pricing, and possibly even the title. A major publisher may
also want a detailed marketing plan as well as someone who is willing to be
the "front guy" to do book signings, appearances, etc.

A major book publisher will also attempt to take all rights associated with
the book within the body of their contract.

Book advances are rare and your royalty will probably be no higher than
10% of which your agent will get 15 - 20 %.

Your royalty is based on what is left over after the book is sold
wholesale to book stores (40-50% off), distributor costs (15-20%), and
again your agent's cut (15-20%). If the book, for sake of argument sells
retail for $10.00, your royalty after everybody else gets their share will
likely be 10% of $2.00 or twenty cents per book.

You will need to sell a significant number of books to make this a
financially viable choice in this book model.

Some of the advantages of traditional publishing are the big guys have
strong distribution networks and the cachet of being able to say you have
been published traditionally still has a strong appeal.

E-mail me if you have additional concerns about traditional publishing.

rik@publishingsuccessonline.com
Traditional Publishing