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Coffee With Cole: The Digital Writing Podcast cover image

Q&A - How To Self-Publish Your First Book

Coffee With Cole: The Digital Writing Podcast

NOTE

Understand Your Worth: The Author's Dilemma

Writers often receive staggered payments for their work, typically receiving one third of an advance upon signing, one third upon submitting the manuscript, and the final third upon publication, resulting in a paltry average annual income significantly below minimum wage. Furthermore, the average publishing deal grants authors only 10 to 15% in royalties after recouping the advance, effectively allowing publishers to retain 85% ownership of the book, a deal that would be considered unacceptable in most business contexts. This stark disparity highlights a common misunderstanding among writers about the true value of their work and raises important questions regarding the viability of traditional publishing versus self-publishing options.

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