Well, the world of books has somehow turned upside down! Even established literary agents now acknowledge that self-publishing is a viable, and possibly more lucrative, option for writers.
There is a surprisingly open-minded and encouraging post at Alan Rinzler’s “The Book Deal” blog. Here’s an excerpt:
What do you say to writers who are considering self-publishing?
Candice Fuhrman: In many cases I say GO FOR IT! It’s never been a better time for self- publishing; there are so many options for sell your own e-book. With most major publishers still only paying 25 percent of net for e-book sales, most writers can do better on their own. Of course they have to be marketing demons — but that’s the case no matter who publishes you. Although many agents are becoming “jacks of all trades” with self-publishing authors, we could be called something else — such as a publisher or a production person or a marketer.
Andrea Brown: Some authors we’ve worked with have also done indie self-published e-books but don’t seem to make any money with them. The market is overwhelmed with titles — many badly written or edited — and writers find it’s tough to market. We do tell writers that if their book will be difficult to sell the traditional way (or we do not think we can place it), to go ahead and self-publish — but they must do it well and plan to spend lots of time to market.
Andrea Hurst: For many authors, this is a very viable option today. Indie publishing, especially with e-books, offers a way to get your book directly in the reader’s hands. It is still important to have a high quality product and market your work. Many agents I know are diversifying what services they offer and how they will work with authors seeking nontraditional publishing options. Our agency consults with self-publishing authors through the whole process, offering professional editorial, design and evaluation services.
Bonnie Solow: Self-publishing is a viable option for many writers. There is no barrier to entry and authors can enjoy the satisfaction of maintaining full creative control with an accelerated release schedule. For authors who are entrepreneurial and who can access their readers through online marketing, speaking engagements, and so on, self-publishing can be the right route to take. In the long-term I do think agents will be more and more involved in helping clients self-publish… At this stage, however, authors who come to me are not interested in self-publishing. Instead, they want to enjoy the myriad benefits that come with being published by a major house.
Thanks to Alan for all the great information he shares with writers, and to these bold agents for giving us their perspective. Of course I had to add a comment advocating the vast superiority (and fun!) of self-publishing….
Go read the entire post on “The Book Deal” blog.
And thanks to The Passive Voice for leading me to Alan’s latest post.