[quote=""Ariadne""] It's not a case of either/or... it just means fewer venues with which to get the word out about books.[/quote]
I echo Ariadne's sentiments, as well as others posted here. A very interesting discussion! Having been indie and then sold mainstream, I can say there are drawbacks and advantages to both, not equally balanced.
On the indie side, the benefits for me:
1) I got published and I had lots of input in cover design;
2) The book became available for sale, though almost exclusively online. My first indie publisher did a tiny first run, less than 5,000 copies, then switched to POD, so no bookstores would stock it. The main reason: no returnability;
3) I got reviewed by bloggers and average amazon.com readers, so eventually I got noticed by an agent, as in three years later;
4) I got sold to Random House.
So the route worked, for me. The major advantages to having a mainstream publisher are significant:
1) I made more money with my advance than in the entire three years I was indie-published. I know it's crass to talk about money and writing in the same breath, but honestly, if you want to make a living at it, or even take a stab at making a living, you need to eat.
2) Professional editing, which enhanced my writing, the book's appeal and made me look at my work in ways I'd never have done otherwise. I can't emphasize this enough. My indie publisher was a shoe-string operation; editing was left to me. I hired a freelancer and still, errors persisted. More importantly, the "tone" of my work never shifted with a freelancer, while the publishing house had a vested interest in their cash layout and went the extra mile to make sure my work was the best it can be. There were tradeoffs, of course, but in the end I did stuff with revisions I'd never have tackled with my indie.
3) Distribution. Overnight, books were stocked and available in most chains, independents, etc. Though the returns model is antiquated and a killer for many books, it's how stores take risks with untried writers. The book was visible, in a physical way. Despite e-everything, we're still animals: we like to sniff and smell and touch. Books are a sensory experience as well as an emotional one. A beautiful cover turns me on; a computer screen, no matter how well-lit, does not.
4) Publicity, publicity, publicity. I hit the proverbial streets and the web, of course, and ladled out a chunk of change towards my own promotion, but having an in-house publicist was a godsend. She was tireless. So were my foreign house publicists. They had contacts I'd never be able to access on my own.
5) Foreign rights. Enough said. With indie, I didn't sell one. With mainsteam, I sold 10. For good money; again, so I can fill my refrigerator.
I think the publishing model as it exists needs change. But I mainly see it in terms of returns and format. The returns system must be addressed and revamped; too much waste, with fewer and fewer books garnering the chance to claim readership before they're being remaindered. It goes back to publicity and marketing; budgets are finite and proven sellers get the lion's share. Newbies struggle to eke out their portion, so forums like this and bloggers (bless you all!) are essential to helping us get word out.
Format is also becoming an issue. While hardcover carries prestige and the alleged opportunity for reviews in the US, the truth is with the cutbacks at PW, LJ, Kirkus, etc. only the critically-praised in advance, the buzzed, the huge sellers are getting reviews. It's harder and harder for new novels, particularly genre, to snag one or any of these Big 4 reviewers anymore. Hardcover is also expensive, and people are not buying them as much. Trade paperback, on the other hand, while seen as less prestigious and review-worthy, can be ideal for launching a new author. What you don't make on the advance side going in, you can possibly make on the sales side, as ideally a lot more copies will move.
I would be very sad if publishing as we know it vanishes. I've loved working with mine, truly; the experience eclipses my indie one and now I'd be hard-pressed to go back. However, I'm in honey-moon phase. I believe the playing field should level: many indie offerings are excellent and many are not. Just as in mainstream. Editing, quality, cover design are where indies falter, particularly self published. It's still expensive to publish a book well, whether indie or mainsteam. The difference is, the marketplace still frowns on most indie published books and getting readers to take notice is an uphill battle.
Who knows what the future holds? If it were up to me, I'd like to see more sophisticated trade paperbacks for debut fiction - Europe and Canada do these extremely well -; better marketing for debut fiction, using money saved from hc production costs; and revamping the returns system.
All with a wave of my magic wand . . .
