Joe Konrath's written a great blog post here , which explains the veiled ramifications of publishing contracts. If you are still in the long-winded and frustrating process of hunting down an agent and publisher, I recommend that you take the time to read this post as it could change the way you think about the publishing industry and, if you're still dithering over the prospect of self-publishing, help you climb off that fence. Self-publishing used to be classed as the last bastion of the desperate. Writers who self-published were giggled at, the usual assumption being that if you had to DIY it was because no 'proper' publisher thought the work worthy of investment. And so the wannabe writer tended to pay for course after course, searching for the magic pill which would cure whichever literary malady prevented the blossoming of their ambitions. If only their work was good enough, polished enough, individual enough while still nestling neatly into a marketable nook