From The Huffington Post:
Publishing, no matter which path you choose, can be rewarding and equally difficult. Deciding which way to go has become increasingly more complicated with the pros of the traditional publisher being scaled down to match the pros of self-publishing in today’s evolving market.
Weigh your options. For some writers, there is only one way. For others, the pros and cons of both paths complicate the decision. There are risks and rewards choosing either, but knowing the process might help you decide what is right for you and your manuscript.
- Your novel has a better chance of being available in bookstores
- Editing and cover art is handled by the publisher
- You are guided through the process from manuscript to publication by an editor
- Some blogs only review traditionally published books on their site
- You exchange control for the pros and prestige of being with a publisher
- Contracts — may cost money to hire a lawyer to negotiate
- The pricing of your book is determined by the publisher
. . . .
- Full control of your manuscript from writing to novel form
- Ability to set the pricing controls and to adjust to the market as it fluctuates
- Playing a part of the creative process of cover design and marketing
- Largest royalty percentage available for an author
- All marketing is on you as the author
- Personal financial investment
- Responsible for distribution of your novel online through ebooks and/or print editions
Link to the rest at The Huffington Post