What's the best way to make money from publishing?

larry_schmidt

Have you ever published a book? If so, how did you go about it? Did you traditional publish or self-publish? Which route made you more money?

beautifulfrog708

It entirely depends on the book and how it does commercially. If we compare two authors with the same book, one self-published and one traditionally, the traditionally published author will likely make more money. However, if the self-published author's book doing well, they may make more money than the traditionally published author. It just depends on the book and how it does in the marketplace.

dianne_flores

It really depends on a number of factors, including the quality of your book, your marketing efforts, and luck. That said, there are some general things to keep in mind.

Traditional publishers tend to give authors an advance on their future royalties. This means that the author won't make any money from book sales until they have earned back their advance- which could take years. So, in that sense, traditional publishing might not be the best option if you're looking to make money quickly.

However, traditional publishers also tend to have more money to put into marketing and promotions- meaning that your book is more likely to reach a larger audience. If your book is successful, you will ultimately make more money from traditional publishing.

Of course, with self-publishing, you get to keep a larger percentage of the royalties- typically 70-80%. So, if your book is successful, you will make more money in the long run.

It really depends on your specific situation and what you're looking for. There's no easy answer.