Print and distribution costs used to be a significant financial barrier to the DIY approach, but the rising popularity of e-readers has taken care of that. Online book stores like Amazon and US book chain Barnes & Noble and even some traditional publishing houses now provide a web facility whereby authors can self-publish and sell e-books, in exchange for a share of the profits.
One such success story is New York lawyer Darcie Chan. Her genre-defying romance-suspense-mystery Mill River Recluse languished in a bottom drawer for five years, after being rejected by over a dozen publishers and 100 literary agents. According to a recent article in the Wall St Journal, in May 2011 Ms Chan decided to publish it digitally, firstly through Amazon and later through e-book distributors. With savvy marketing, combined with lowering her price to an almost irresistible 99 cents, Chan has now sold over 413,000 copies and made the New York Times e-book bestseller list.
But before you upload that manuscript, it's worth reading the fine print. Conditions do vary and it's important to be clear on exactly what rights you're clicking away.
Last month, Australian book chain Dymocks' came under pressure to review the author contract for its new D Publishing Network for self publication of print and e-books, after strong criticism in the literary blogging world.
One of the criticisms levelled by the Australian Literature Review blog, was that an author who agreed to the terms of the self-publishing agreement was also granting Dymocks the exclusive right to control commercial aspects of copyright worldwide, including any subsidiary rights. A self publishing author would thus be granting Dymocks control of any future spin-offs such as audio books, film rights and foreign language adaptations.
As the Australian Literature Review pointed out, a first-time author may not understand the full implications of such an agreement. Dymocks is now working on a new author contract.
As for Darcie Chan, even with her astounding online success, she told the Wall St Journal that she still wants to see her book in print. For all the whizzy features of e-readers and Kindles, it seems there's still something about seeing the tangible object on display in your favourite independent book shop, holding it in your hand and turning the pages.
Speaking of which, I think I'll go pick up another book and go back to my hammock.