Why Some Traditionally Published Authors Should Consider Going Indie
(Posted on Tuesday, March 29, 2016)
Let’s face it: most new authors will never get a fair shake—no matter how brilliant their work—from the publishing establishment (i.e. literary agents, large publishing houses, and national bookstores). For less established authors, indie publishing, hybrid publishing, or whatever you want to call it, is the only way. And that’s not a bad thing. But what about traditionally published authors? Why are some established authors diving into the indie fray more than ever before? The reason is simple: it’s a good business decision. To better understand why, let’s examine a few publishing industry truths.- Shrinking Deals – Advances just aren’t flowing like they used to. More accurately, only A-List authors are seeing the jaw-dropping advances that make headlines, leaving the B-List and C-List authors to compete for scraps. For these authors, even a small advance is no longer a gimme, leaving author compensation tied strictly to sell-through. But there must be non-financial considerations that keep non-A-List authors tethered to their agents and large publishing houses, right?
- Marketing – Whether you’re published by one of the Big Five New York houses, you self-publish using CreateSpace, or you work with a hybrid publisher like Mascot, an author must be engaged in a book’s promotion and marketing. In my fourteen years in publishing, I have never heard a traditionally published author say their publisher exceeded their marketing expectations. Not once. So if an author is neither getting good financial term nor critical marketing support through traditional publishing, there must be other reasons to stick with it, right?
- Access to Readers – The savviest authors know their target demographic. Through social media, authors are connecting with readers directly in ways that didn’t exist in the past. This is not only a part of good platform building, it’s also good business. If you’re a non-A-List author who has done a great job building your platform and connecting with your readers, but are underwhelmed by the financial terms of your deal and unhappy with the marketing support you’ve received, you’ve surely contemplated going the indie route for your next project, right? If not, there’s likely one very important consideration keeping you from making the indie leap.
- Distribution – Can you get meaningful distribution if you leave behind your large publishing house? If you don’t emphatically know the answer, then you’re probably not ready for indie publishing. Distribution is one thing you have to be sure about. If you have a solid distribution plan in place, like what we offer here at Mascot, or have a distribution partner who can help you, it makes sense to at least consider going the indie route for your next project.
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