In my trek across the blogoshere I came upon this article on The Creative Pen. Pros and Cons of Traditional Publishing vs Self-publishing
I think the author does a real good job of laying it all out in a simple way. I tend to use Independent Author synonymous with Self-Publishing so I do not necessarily agree with the author that one is more of a hobby and one is more of a business. True the adage of, “it takes money to make money,” applies when going the independent route; I don’t think it is a fair analogy to say that some just deserve one title over the other because they invest more money up front. Even having said that, if you have any questions about which side of publishing best fits what you are working on this is a worthy read.