Choosing The Path To Traditional Publishing

To choose the path to traditional publishing is to follow in the footsteps of famous writers, artists, and musicians down the ages; the path that opens up the floodgates to recognition for your expertise, the path that empowers you to do what you love to do and get paid for doing it; the path that enables you to earn in perpetuity…

• Residual income
• Incremental income

Let’s review your avenues of potential earnings as a traditionally published author:

1. Book royalties
2. Public lending right (PLR)
3. Editions licensed for manufacture to another publisher
4. Single issue or one-shot periodical rights
5. Translation rights
6. Sound broadcasting rights
7. Merchandising rights
8. Educational reprint rights
9. Royalty-inclusive sales
10. Mail order sales
11. Book clubs

Now let’s examine these avenues of profit in relation to residual and incremental income:

#1 and #2 are residual inasmuch as they continue to produce guaranteed income year after year during the lifetime of your book; the spectrum of which could be 5, 10, 15, 20; 30 years – sometimes even longer.

#3 – #11 are incremental inasmuch as they represent opportunities to produce one-off ‘piggyback’ income.

Residual and incremental earnings are what every creative writer aspires to; passive income from book sales, offline and online; royalties that increase year-on-year with multiple editions, reprints, rights, licensing, etc. Add to that PLR (public lending library rental fees) and your residuals burgeon with each new book you succeed in having published.

Do it once, repeat the formula, and you will profit forever after

Conversely, when you choose the routes of print-on-demand or self publishing your overall earnings potential diminishes in tandem…

• No guarantee of regular book royalties
• No access to public lending right fees
• No access to licensed editions
• No single issue or one-shot periodical rights
• No translation rights
• No bound broadcasting rights
• No merchandising rights
• No educational reprint rights
• No royalty-inclusive sales
• Limited access to mail order sales
• Limited access to book clubs

From the knowledge you have gleaned from these modules you now have at your command the power to become a traditionally published author and profit accordingly.

Which route will you choose?

(ArticlesBase SC #1355899)