The Economics of Indie Publishing- Chris Nuttall | According To Hoyt

The Economics of Indie Publishing- Chris Nuttall | According To Hoyt

There’s a general rule in traditional publishing that the money should always flow downhill to the writer. If you’re being asked to pay for anything, once you get picked up by a publisher or agent, you’re being conned. Editing? Cover design? Formatting? Promotional material? The publisher should pay for all of those – and if he doesn’t, something is very badly wrong.

However, this isn’t actually true of independent publishing. Certainly, as before, the writing is the author’s work, but there’s no publisher to pay for all the other items (or, for that matter, to find them.) The author has to meet those costs himself, unless he can do the tasks for himself. (I know authors who can do cover designs, but I haven’t met a single author who could edit himself successfully.)

In these cases, the author needs to budget – and pay for these items as a lump sum.