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If anything, I'm understating the benefits of commercial publishing.
Commercial publishers produce a greater absolute number of bestsellers despite the fact their total output is only a fraction of the number of books released by self-published authors.
That is not to say that there aren't lots of self-publishing success stories, some of whom have made millions of dollars. However, the numbers don't lie. A smaller proportion of self-published authors get rich than commercially published authors.
That doesn't make self-publishing a bad idea. I'm taking a similar tack with a couple of friends. The money is there, but there are a lot of people competing for it, so it's really hard to stand out from the crowd.
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