Self-publishing used to be considered as bad as vanity publishing, but with so many recent self-publishing successes it is now possible to be a respected self-publisher. Indeed, many large publishers now follow with interest self-published and POD books and may in some cases buy the reprint rights of such books that might fit their publishing program.
Self-publishing a book does not mean in any way that your printed book will be of inferior quality than a traditionally published one. Or that it will not sell. However producing a high-quality, marketable book on your own does require some skills and effort, as well as a certain amount of money that will vary depending on many factors, for example how many sub-contractors you need, how costly the printing cost per copy is (and how big the print run is), and how much you invest in marketing.
Another thing to bear in mind is that self-publishing your first book may be just what you need to acquire a reasonable level of fame on your local market and therefore attract the interest of a traditional publisher. If you are keen to continue on writing and manage to first pull it off by publishing a successful, highly-sellable, good-quality book on your own that catches on really well chances are that you will soon be offered a publishing deal for your next project.
Landing a good deal with a larger publisher who can push your sales to the next level is something that has happened to many successful self-publishing authors over the years. I know this first-hand!
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