Why? Well, let’s go over what we can learn from each of these pieces…
1. In this infographic, we learn that self-published authors are now selling more books than the big five publishers, at least in the e-book universe. This is quite a change from even a few years ago.
2. Here’s a whole article explaining why traditional publishing will fail (and is, in fact, failing). Here’s my favorite segment from the piece.
A lot of traditional publishing companies are stuck in some pre-internet era purgatory. They spend an enormous amount of resources sifting through the sludge pile and investing all their time and money in a couple authors they hope will sell big. And sometimes they choose wrong.
The internet has changed things. Crowdsourcing quality work and letting audiences decide who succeeds is where publishing is headed.
And as the article points out, self-publishing companies have the opportunity to make 30% of a book’s profits, with little-to-no upfront cost in publishing the book. Why wouldn’t more entrepreneurs be jumping on that bandwagon?
3. Last by not least is this piece on book marketing. One of the takeaways? Being published doesn’t necessarily help an author.
In the article, the author, of book marketing firm Publishing Push, tells the story of meeting an author who went through a traditional publishing house … and ended up having to do all his own marketing after the fact. He compares that story to one of self-published authors he’s worked with who have had highly successful marketing efforts right off the bat.
In the latter cases, the self-published author got to choose his own marketing firm (and choose well), and the results were apparent. Less so when trusting the marketing department of a publishing house.
So for you self published authors … congratulations. Recent data is showing that you made a good choice. And if you are wondering, “Should I self publish?” The answer certainly seems to be “YES!”