An overview of the book publishing industry in Australia
16 June 2023
A fascinating overview of the book publishing industry in Australia, and probably globally, by Dave Gow, who recently went through the process of self-publishing a book:
Traditional book publishers are essentially operating like startup investors or venture capitalists. They make a string of bets on authors and hope that one or two out of ten pays off big. This way, they make enough to cover the losses on others and come out with a reasonable profit.
From what I can gather, Gow enjoyed some success by taking the self-publishing route.