Quote:
Originally Posted by fjtorres
There's lots of ways to fail; few to succeed. And growing really really big is not likely to be a road to "success" for much longer. Carpet-bombing the market with random titles hoping for one big instant success is a dying strategy; the "instant success" payouts are getting smaller as the definition of what a Bestseller is eroding away.
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And this is what the smaller publishers are doing also just on a smaller scale. Hoping one of their few titles earn enough profit to pay their staff is too risky.
From what I read these publishers say they can't compete with the self-publishing system Amazon and others have created. A person now can put a few words together, pay $100 for "editing" and upload to Amazon for 70% net.