Industry insiders predict an increase in diversity, serialization, and hybrid publishing
Self-publishing saw another successful year in 2014, with authors like Deborah Bladon and Jen McLaughlin hitting the New York Times bestseller lists, fanfic authors like Sophie Jackson receiving six-figure advances, and many millions of titles being published across the industry’s numerous platforms. The view of self-publishing as an outlet of last resort for desperate authors is also changing—the negative stigma that’s long been associated with the industry is being discarded for a more progressive outlook, along with the acknowledgement that self-publishing and traditional publishing can coexist and even benefit one another. And self-publishing platforms are increasingly serving as a kind of testing ground for traditional publishers, which are snapping up successful indie authors and offering them, in some cases, million-dollar advances. Further, some traditionally published authors are becoming more open to exploring self-publishing as a supplement to or as a replacement for their traditional publishing careers.