Uddingston, United Kingdom (PressExposure) June 06, 2009 -- The author of this release, Jim Green, says, "To choose the path to traditional publishing is to follow in the footsteps of famous writers, artists, and musicians down the ages; the path that opens up the floodgates to recognition for expertise, the path that empowers creative writers to do what they love to do and get paid for doing it; the path that enables them to earn in perpetuity"
Traditional publishing relates to the long established practice whereby companies buy the rights to make selected works public.
A traditional publisher, whether small or large, will select the best work out of many submissions, draw up a contract with the author, take out a copyright in the author's name, and pay the author for various rights, including first publication rights.
The publisher makes the entire monetary investment, as well as taking all the monetary risk, and recoups that investment from book sales. The author may be paid an advance, which is in effect an advance against royalties. Once the advance is earned back, the author receives any additional royalties from further book sales.
But that is only the start of the multiple benefits accruing to those authors who opt for the traditional route.
Rapid developments in print-on-demand (POD) technology coupled with aggressive marketing from the major online publishing players are exerting considerable pressure on traditional houses but even so the concept still continues to offer considerable attraction.
Just one traditionally published book can pull in streams of residual income and incremental earning opportunities that are usually denied to self-publishers; opportunities such as those listed here:
Public lending right (PLR) Editions licensed for manufacture to another publisher Single issue or one-shot periodical rights Translation rights Sound broadcasting rights Merchandising rights Educational reprint rights Royalty-inclusive sales Mail order sales Book clubs
Writers who persevere in the quest to engage a traditional publisher for their first work rapidly discover that they can do it over and over again; often setting themselves up financially for life.