Is book publishing like a modern day gold rush? Ask me anything about it.
In the gold rush, people gamble their life savings to try to strike it rich. Most end up with nothing and go home, some make a moderate living, very few actually make it big. Even if they do strike gold, the feeling is there is another gold find right around the corner. One thing that is a consistent moneymaker is the vendors. Those that sell the tools to dig for the gold made out better than the gold seekers because there is always a new one dreaming big and needs tools.
In book publishing, you have vanity publishers, publishing services and publishing houses. Vanity publishers charge a fee to publish your book and keep a fire built under you. They will schedule book signings and events all to keep your ego hyped up. After a while, some authors realize that they were the biggest customer, not the readers. Just like the vendors in the gold rush, you become a customer to the publishers. With many hopeful authors, they prey upon that hope.
Publishing services are exactly what they are, they provide services for a fee. They do the same service a vanity publisher does but they are more open about what they are and what you must do.
Publishing houses are often the goal of each author. They pay for all costs and take all the risks on your book plus will pay you up front for the rights to publish your work. However, most require literary agents and often certain agents. Agents are very difficult to get. I was turned down by over 500 when I started. Now that I have books being vetted by TV/Movie producers, I have agents wanting to talk to me. So it is very difficult to get into the publishing house but not impossible. It is equated to striking it rich in the gold rush. You may not get rich off your books with a publishing house, but you have the best chance at it.
I personally self-publish because I control my own marketing, rights and how I want my books to be made. So I bring my own tools and dig in my own areas for the gold. How will you dig?
What is the Vibe of this AMA? What is AMA Vibe?