The word
"trad" is a shortened version of the word "traditional." It is often used to describe something that is common or usual, and has been done or passed down for a long time.
Full definition
There are too many benefits to self - publishing for
trad pub authors to ignore forever.
For those interested in her full bio, you can read her Amazon author page, but the short version is that she's sold over 3 million books, is a force to be reckoned with in the industry, and is one of only three folks I know of who have done paper - only deals with
trad publishers.
To praise the (so - called) glories
of trad pubs in an article so rife with technical mistakes is hubris at its worst.
Sometime in the late 1990s, when I began ghostwriting, and writing business books
for trad publishers, I launched my first blog.
He is forgetting, as so many
in trad publishing do, that there is a flourishing indie and small press world out there with authors who are writing books people want to read.
It's also worth noting that the author of the AE report, Hugh Howey, admitted in comments on Chuck Wendig's blog (fourth down) that actually he earned more
from trad pub last year that he did from Amazon.
Many successful self - published authors are getting
trad deals off the back of their success, and other indies are happy to stay self - published.
Many of these books will be marginal or won't have withstood the test of time, but supply will increase even more
as trad pubs try to duke it out for dwindling reader dollars.
There are still a lot of people who think
going trad makes your work legitimate somehow.
High earned incone = Maximize Traditional IRA or Pre-tax accounts Moderate income = Maximize Roth and spillover in
Trad IRA Lower income (during FIRE) = Stick with Taxable accounts.
There's a lot of Chicken Littling going on, and even a guru or two saying indies will be begging to get
trad contracts again.
A solid SP book will
get trad published a lot faster than average, and the percentage of success is far higher than the miniscule number of titles sold by agents, and available after a few years to the lucky lottery winners.
(As an aside, I suspect if I dug into the publishing contracts with
many trad pubbed authors, I'd find a clause that cuts their royalties to almost nothing when the selling price of a book is greater than a 50 % discount.
I don't know
about Trad published authors, but check out the latest Author Earnings Report that Hugh Howey is putting out to give you an idea of the market.
If trad publishers start competing with the Indie Option, then that's good for authors.
We get that there is an unspoken allegiance
between trad publishers and the people who cover their books (talk about collusion!)
Honestly, comparing the prices for indie works vs
trad works is like comparing apples to oranges in a way because of the differences in the «businesses».
I guess this shows how often I'm looking
at trad pubbed books over there!
I
think trad pubbed books are about 10 - 15 % royalties.
So it sounds like
what trad pubs offer is their publishing house's name, cover design and * some * distribution.
So for me to buy
more trad published books than self because I have limited money, not because of bias, makes logical sense and has NOTHING TO DO WITH BIAS, which obviously your comments were.
Trad vs Indie is too black and white.
It adds that the shift in market share from Big 5 to indies has steepened since the return of agency ebook pricing last year which
saw trad publishers making big hikes to their ebook prices.
Building a solid author brand is the key to getting discovered and selling books for a self - published author (and
even trad - published books).
Many thanks to the always - reliable Alex J. Cavanaugh and the good people at the Insecure Writers Support Group for those links and the tip about this new wrinkle in the indie
vs. trad debate.
Also, (and this isn't direct at Jeny Talty but in general) I think that you can't assume that
because trad publishers do it that it is something readers want.
It feels like a kind of control to me, rather
like Trad Publishing — they hold the contracts, the keys to the kingdom, the list of people who are naughty and who are nice.
i'd rather be able to publish, than not to the market of readers, whether
through trad ebook channels, or the newer subscription models, can decide what will be read
(If
only trad publishers had anything like that assurance when putting out a new book.)
So as I survey the landscape, I'm thinking to myself, if I have to do all the work myself anyway, what
makes trad pub such a great draw?
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I am happy to see when unknowns become known, and the only reason I can see going back
into trad publishing would be the advertising bucks behind the product.
If someone from a
big trad publishing house came knocking on my door (metaphorically - speaking) offering a generous contract for one of my books... I would turn it down.
Whether trad publishers are currently likely to be interested in series that were previously self published
I always said I would
consider trad if an offer came, but most likely go indie.
where indie authors who
tried trad publishing are migrating back to indie publishing because indie publishing suits the author's economic and personal interests better (Here's a link again to my interview with Jamie).
They decided early on to fleece indie authors by charging exorbitant prices — when we all
know trad pub pays pennies for each ISBN they use — and indie authors decided that they weren't going to play along with this little game.
«e-books are NOT currently cheaper
then trad books, or at least, not initially; you have to buy a lot of new hardcovers to cover your $ 360 Kindle 2.0 purchase.»