I am a self-published author, and I am curious how many other authors around here are going that route. As far as I can see, self-publishing has the following pros and cons:
Pros
- You get a much higher percentage from each sale
- You won't have to deal with rejection letters from publishers - only you decide if your work gets published
- You usually retain all rights of your work, and don't need to agree to any exclusive contract
- Only you decide whether your book goes "out of print"
Cons*
- You have more up-front costs for illustrations, layout, editing and copywriting, etc.
- Your bookkeeping will get much more complicated as well
- You won't sell as many books in total as with a traditional publisher
- You need to work harder to get valuable feedback, and won't be partnered with an experienced editor who will find major flaws in your work
- If you go the Print On Demand route, printing costs per unit will be much higher
- If you order entire print runs, you will have huge up-front costs and will have to deal with all the logistics that come with storage, shipping, and so on
- You have to do all your marketing yourself
- You will have a much harder time getting your books into physical bookstores
For me, the Pros outweighted the Cons. How about you?