Quote:
Originally Posted by rhadin
The video demonstrates the broad services that a publisher provides that an author who self-publishes has to assume. I think it also demonstrates why most self-published authors fail. The Random House video talks about how the books chosen for publication are the best, but the reality is that many of them are not very good at all. Yet, RH has to make some effort to sell the books in an attempt to recoup its investment. This is the difficulty that self-publishing authors face: if they make a financial investment in their book, can they recoup it? Because most believe the answer is no, they do not make the investment needed to succeed. Because RH can spread that investment over many outlets and many books, it is willing to gamble that overall it will succeed, even if it fails on a particular book. The indie author cannot afford to fail on the one book because he/she doesn't have enough product over which to spread a gamble.
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Great.
And when someone points to those thick heads that institution of
venture capitalism exist for a long, long time, and knows a thing or two about risk management and statistics (thank you very much), maybe those geniuses will finally figure out how dangerous is to degrade a book to a "simple" good for sale.