Anyone can be an author today. Anyone. It used to be that someone else had to be willing to invest money in you, but no more. Now you can invest in yourself.
What used to be called the midlist has now gone largely into self-publishing. It means that if you are a good, fast writer, you don’t have to be bound by the comparable slowness of traditional publishing, you get to keep most of the money, and you can steer your own ship. Sounds good, huh?
Mostly it is good. And yet I am still here and I still have a job. Why is that?
There are many reasons, but here are two:
The most obvious reason is that an agent can get you a sophisticated deal with a real publisher, who might spend a great deal of money to make the book a success—way more than you would spend yourself. An agent will understand the complexities of a publishing contract, and will be familiar with all the things that can go wrong. They will be there for you every step of the way, solving problems, asking questions, and going to bat for you. I can’t think of a single author at that level who isn’t represented in some way. But there is more. Writing is a lonely, isolating profession. Authors need someone to talk to who isn’t their mom or their writer friend (where there is bound to be competition), their spouse, or their dog. They want to talk to someone who really gets it–and can do something about it. And if that’s your goal, that’s how you should start. We aren’t yet at a place where the Great American Novel is going to debut online. That day may well come, but even then, there are some losses. Most books need to be edited. They need classy design and cover art. You need the distribution that will get you into drugstores, supermarkets, libraries, schools—and oh, yes, bookstores. So far, I haven’t seen that kind of quality in self-published books. (Ask me again in a year.)
The best way to do this is with genre books, especially when the author can turn out several books a year. The readers just want the story; they don’t care so much about the production quality. On the other hand, there are plenty of cookbook authors who self-publish, and they end up with books that don’t look bad but they could look better. Worse, they are overpriced and too short. They often sell these books only off their website, which means no distribution. When one such author came to me, I was able to get her six figures, another hefty sum for the photos, a decent royalty, and all of the support a publisher can bring. They will easily spend six figures on support alone, not to mention the production costs, the advance, and everything else. This doesn’t even begin to address income from potential foreign sales, audio, dramatic rights, and merchandising rights. Sometimes those things can be huge.
Publishers make money and get paid for a reason. It’s hard. You probably don’t know how to do everything they do, and may not want to. You have to know about pricing, discounting, distributing, subscriptions, what the market is doing day by day, competition, formatting, polished cover art and book design, incentives, bookstore placement, shelving, awards and prizes, deft and constant handling of social media, mailing lists, a robust online platform including a dynamic website, and about a thousand other things.
So you have to weigh the ingredients. Some people are very good at self-publishing, and more power to them. But they have to spend an enormous amount of time and savvy doing everything a publisher does. They have to spend money as well. They could spend that time writing another book. There is no free lunch.
If you are ambitious and very internet savvy, self-publishing may be the right road for you. Do the math, check out the possibilities, and find out what you will get or not get with a traditional publisher. If you write faster than they can publish you, that’s a clue right there.
How does all of this affect me? Well, it doesn’t. I’m not in a place where I want those midlisty books. True, a midlist author can build, and many of my authors have done exactly that. So I would never say never, but only a small percentage of those authors go on to become big sellers. Newer agents may feel differently. But at every conference I attend, someone always asks if agents are becoming obsolete. I always smile, look around the packed room with people spilling out the doorway, and point out the obvious. If you don’t think you need an agent, then why are you here?
Here’s what I do know. Good writing never goes out of style, whatever the format. If you have a wonderful story or something important to say, it will find a place.