When talking about certain industries, you sometimes have to learn their inside language to truly understand their professional-speak.

Here is an article from Saint Louis Today (
www.stltoday.com) by Jane Henderson that provides clarification of some of the latest publishing and book handling terms:

Publishers sometimes use terminology differently, but
Christine Frank offers a primer on how the St. Louis Publishers Association defines common terms.

Traditional publishing (also called commercial or legacy publishing) requires no money from an author and pays the author an advance, usually at least $1,000. The publisher edits, designs, prints, distributes and markets the book, paying royalties to the author based on number of copies sold.

Vanity publishing, an older term less used today, required authors to pay a printer to produce X number of books. This is also known as subsidy publishing and at times requires signing over all rights to the book for a specified period of time. The author receives "royalties" based on a small percentage of the retail price of books sold and pays for copies of their book. Subsidy publishers will usually publish almost any author.

Self-publishing (also sometimes called independent publishing) involves an individual forming a company to produce and market a book or books. The self-publisher arranges the manufacture of the books, distribution and the marketing. Quality control is the responsibility of the self-publisher. The business side of running the publishing company is also the responsibility of the self-publisher. The financial investment is greater, but the financial rewards may be greater if the books sell.

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