I want to make sure that you are able to make a knowledgeable decision moving forward. There are many unknowns when making a decision about a process that is new to you. When I first decided to self-publish, I was oblivious to any other options available. This course is all about educating and empowering you to make the decision that is right for you Traditional Publishing.
The advantages of traditional publishers are that they know the book industry, they have connections with retailers, and they have relationships to set up sales with bookstores, libraries, and schools. Additionally, they have the clout, budget, and experience to arrange promotions and advertising, as well as get books to the top reviewers. The disadvantage is that you must land an agent first and the entire process from landing an agent to publication can take up to 3 years.
If you have a large platform and small body of completed work and want to invest time in securing an agent or publisher, this is your lane. This route will entail query letters, book proposals, and some potential rejection. This is the route to take if you want to pursue a writing career. Traditional publishers will provide an advance. However, you will still be required to market your book. This route will also yield less creative control and ownership, but more stability. Book projects will take much longer and certain aspects of your story and design may be altered or changed. Your royalties/licensing fees are negotiable to some extent, but as a new author, you may not get very much initially. The royalties may average out to (5-15%) after the initial advance. You will also need to arrange and pay for your own publicity to get the necessary media attention.