Producing a book with a publisher has advantages…and disadvantages.
The major advantage that I see is that the publisher takes the financial risk of producing the book. They are responsible (and pay) for everything: the artwork, design, editing, printing, and marketing. That’s quite huge, and there’s more. They pay for your words, too. They may pay you a flat fee or a royalty, a percentage of the sale of the book. My preference is a royalty and, if possible, a royalty on the retail cost of the book rather than the “net” (what they sell it for, which is usually less than retail). I feel much more a part of the “team” when getting a royalty, and I operate on the hopes on many different printings, which will yield more money. Reality check-in: This does not always happen.
Finding a publisher willing to take on your book in this highly competitive market is very challenging. If you are fortunate to get one, I see two main disadvantages. The first is that, since the publisher has the main responsibility for producing the book, they also are going to make most of the decisions about the book (size, what it looks like, number of copies, hard or soft cover). My experience has been that most are open to feedback from the author, but the ultimate decisions will be theirs. It makes sense, though, given they are the ones taking the risk.
However, the decisions publishers make can cause repercussions for authors. Case in point: I wrote a beginning bio of Christopher Columbus. In it, the editor had cut out some of the text about when Columbus and his crew landed in the “New World.” The deleted text had to do with the people (Tainos) who were already living. In addition, the illustrator did not show any of those people in his artwork. Result: I was criticized for the oversight. Was it my fault that this happened? No. But people assume that the person whose name is on the book is responsible for all its contents. Lesson learned for me.
The other main disadvantage of working with a publisher is that the author only makes a small percentage of the price of each book. With self-publishing, all the money goes to the author. However, much of that money will be going to pay the costs of producing the book.
My personal preference has been to work with a publisher in producing books, but to keep an open mind and be willing to “put your money where your mouth is” when appropriate. I am grateful to have had positive experiences in both realms, and I am very pleased that the stigma of self-published books (low quality, unprofessional) has improved over time. Some highly successful authors are now choosing to self-publish despite lucrative contracts offered by publishers. The popularity of e-books is making a huge impact on the publishing industry and I would suggest exploring that avenue as you consider options for your work.
In the end, as in the beginning, anyone can get a book published. It’s all about how you want to do it. And I hope you will. Good luck!
Hard at work on the next book.