She compared how happy authors were with royalties, editorial help, copies sold, and so on across three publishing platforms: traditional, self-published and hybrid (a combination of the two).
The second thing to keep in mind is that the majority of books that are traditionally published don't make back their advances.
Just to give you some perspective, here are a couple of real horror stories:
You sign a contract with a major publisher, only to have is scrapped when the house goes through an organizational shake-up. You can't find another publisher. (That happened to a friend of mine.)
You submit your manuscript, and your editor wants you to take out any word longer than two syllables, shift the POV, change the title, and delete half the chapters. Your baby is butchered. (That happened to me.)
Those who find themselves dissatisfied with self-publishing have to ask themselves some hard questions. Have I spent several hours a day marketing and promoting my work? Have I researched the market to find out how I can reach my audience, or have I assumed that simply "putting it out there" is enough? Did I expect instant fame and fortune?
I have heard numerous horror stories on the fiction front from authors who sold their books to publishers only to find they had lost control of content, were cursed with ugly covers that doomed any hope of sales, received very little assistance or support in the way of marketing and promotion, or learned that their publishers had little investment in their careers as writers and/or no interest in their future books. Such horror stories often seem pervasive, and they easily become rallying cries for self-publishing and the greater control it provides authors. Are these tales of dissatisfaction with traditional publishing notable exceptions, or are they the norm?
The traditional-publishing victims I’ve encountered typically report that they had been thrilled to receive their contracts and had accepted neglect or poor treatment or disadvantageous terms because they felt they had no choice. Indeed, before self-publishing became a viable option, few of them did. Worse, such experiences could harken the death spiral for an author’s career: no investment from the publisher could lead to sluggish sales which in turn could lead to poor chances of selling a subsequent title either to publishers or bookstores. Authors would be forced to abandon series or throw away their brands and try to reinvent themselves.
Cautionary tales capture our attention, and they tend to get repeated and even embellished. In other posts, I reported survey results showing a preference for traditional publishing among authors. I also found that authors had expectations for several advantages of traditional publishing relative to self-publishing. With so many authors positively disposed toward traditional publishing, perhaps these horror stories are very visible and heartbreaking exceptions, a disappointing conclusion to the struggle to break into the traditionally published ranks.
Read more HERE.