A great article by Dean Wesley Smith on The Secret Myth of Traditional Publishing.
An excerpt from his section on the "well known myths":
– Traditionally published books get better promotion. Well, not really, unless your advance is way, way above six figures, and even then you are going to be doing a ton of it yourself. These days a midlist book out of a traditional publisher gets NO promotion. You do it either way.
– You get more respect if you sell your book to a traditional publisher. Well, maybe in your own head, but real readers never care if Bantam or Bongo Books published the book they love. If it looks professional and is clean and easy to read, they will never notice the publisher. This one is only a concern to insecure writers who need professional help. Or authors who care nothing of writing, but only want to be published to brag and sit on panels at conferences or join writer’s organizations. They are not writers, they are authors.
Read the whole article here.