Self-publishing does have higher initial fees, but I believe it is worthwhile. You get to pick which editors you want to work with, which cover and voiceover artists you want to use, and you get to set your own pricing for your work. Also, since you are paying for these services yourself, you can choose what price you want to charge for your books. Finally, since you are not relying on a publisher for financial support of your work, if your book doesn't sell well or isn't popular, you can just drop it like a bad job and move on.
That being said, publishing without an agent is almost impossible. The industry is competitive and there are so many authors out there now that it is hard for anyone to make any money unless they are famous.
The only way to succeed as a new author is through hard work and lots of promotion. It takes time to build up a following, so don't expect to suddenly be selling millions of copies of your book. It also helps greatly if you have something unique to offer readers. If your writing is good but everyone else is doing the same thing, you won't stand out from the crowd.
I would say go for it! Just make sure you put in the work now to ensure your success later.
Whether you should self-publish or find a publisher is largely dependent on your individual goals and resources. Self-publishing is the ideal option if you want to have significantly more creative freedom yet spend a bit more upfront (knowing that you will make far more in royalties). A publisher can offer you a faster route to market, better distribution, and help with editing and marketing.
The bottom line is that whether you publish independently or through a company, you need to decide what's most important to you and your work and then choose a path that allows you to achieve those goals.
A publisher can be a good choice if you want to speed up the process of getting your book out into the world and you have a strong platform upon which to release it.
The bottom line is that neither route is right or wrong. It's all about what works best for you and your project. If you do go down the indie publishing path, make sure to do your research and figure out what works best for you. There are many options out there for indie authors to publish their books, so take your time and don't rush into anything.
21st Century Press, CreateSpace, and Amazon all offer self-publishing services for an up-front fee and subsequent monthly payments. In most cases, these services include graphic design, formatting, and marketing support.
Find a publisher. This is usually the route taken by established authors who want something done right away without having to deal with the hassles of publishing. Publishing houses tend to have more experience than individuals working alone and can help you achieve the success you deserve. They may also be able to provide additional input on your book (such as seeking feedback from others on your topic) or connect you with other writers/artists.
In conclusion, whether you should self-publish or not is dependent on your goals and resources. If you have the time and energy to learn about publishing then by all means, go for it! Otherwise, find someone who can help you reach your audience.
Given the typical investment a self-publishing author makes in each book, book sales will have to exceed $1,000 for many of them to earn a profit. This is why so many self-publishing writers nowadays learn to perform their own editing, formatting, and cover design. The more you do yourself, the less you'll need to spend out of pocket.
The more popular genres with lots of competition include romance, science fiction/fantasy, and women's fiction/memoir. If you choose a subject that is less well-known or not as competitive, you can probably write and publish a book without paying anything close to what other authors are earning. For example, it would be difficult to make any real money writing about tennis since there are so many famous players and books usually don't sell more than a few thousand copies.
In general, we've seen an increase in the number of people who want to write but don't have the time or expertise needed to create a quality book. These individuals often turn to self-publishing services where they can hire others to do the work for them. While this option is convenient for those who want to get their book published quickly, it can also lead to books that aren't as good as they could be.
The most successful self-published books earn their creators between $10,000 and $50,000 per year.
The upside of self-publishing is that you get to keep the proceeds of each book sale. If you have a large following on social media or are a professional speaker who can persuade event organizers to buy a copy of your book for everyone in the audience as part of your speaking fee, you may be able to bring in a decent amount of money through book sales.
The downside is that there is no quality control during the publishing process so you don't know what kind of paper the book is printed on, if it's bound in acceptable materials, or if the cover was done professionally. You also don't have a traditional publisher to help market your book. You will need to do some marketing on your own to draw in readers.
Overall, self-publishing provides an easy way for anyone with a creative idea for a book to publish it themselves without having to go through a large publishing company. It also allows you to retain the rights to your work which can be beneficial in future works or when trying to sell other people's ideas. The downsides should not discourage anyone from trying it because even with these drawbacks, self-publishing offers many benefits that make it worth considering.
Self-publishing on Amazon is also worthwhile if you can leverage the hits and views generated by your eBook to fund another enterprise. The highest-paid Amazon writers have a series of novels that they have worked on for years. In addition, the highest-paid authors on Amazon KDP are typically fiction writers. Non-fiction writers tend to make less money.
While it's possible to earn a living solely through Amazon Publishing, it's not recommended because only a few books each year make enough money to be significant. If you want to see real change in how people think about poverty, if you want to help more people read and understand issues such as climate change and inequality, then self-publishing isn't for you. But if you're looking to break out of the rut of writing for the academic market or if you just want to publish something new and interesting, then self-publishing on Amazon is for you.