What's So Special About Traditional Publishing?



Posted: Thursday, October 15, 2009

by Jim Green
WRITING FOR PROFIT

"Traditional" publishing relates to the long established practice whereby companies buy the rights to make selected works public.

A traditional publisher, whether small or large, will select the best work out of many submissions, draw up a contract with the author, take out a copyright in the author's name, and pay the author for various rights, including first publication rights.

The publisher makes the entire monetary investment, as well as taking all the monetary risk, and recoups that investment from book sales. The author may be paid an advance, which is in effect an advance against royalties. Once the advance is earned back, the author receives any additional royalties from further book sales.

But that is only the start of the multiple benefits accruing to those authors who opt for the traditional route.

Rapid developments in print-on-demand (POD) technology coupled with aggressive marketing from the major online publishing players are exerting considerable pressure on traditional houses but even so the concept still continues to offer considerable attraction.

Just One Published Book Is All It Takes...

Just One Traditionally Published Book Could Pull in Streams of Residual Income and Set You Up For Life.

Consider this if you doubt the viability of traditional publishing...

My original work was first published way back in 1995.

It is now in its 5th edition and over the years has enjoyed multiple reprints. Save for updates the text has remained unchanged and yet the book continues to sell in ever-increasing numbers offline and online.

Add to that the incremental income from the many additional avenues of profit available to traditionally published authors.

Do it once and you will rapidly discover that you can do it over and over again; setting you up financially for life.
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