I say go for both--print and ebooks. If you have a traditional publisher for your print, all the better. But don't let that stop you from publishing your own ebooks, especially the ones your agent and publisher aren't interested in. You definitely don't want to overlook the ebook market. That's where the money is right now for authors, if you publish the ebooks yourself.With Amazon's recent royalty raise to 70% for qualifying ebooks, it's possible for authors to now make more money selling less expensive ebooks than selling traditionally published print books. But in the end, it depends on the personal goals of each writer.
As a self-published and traditionally published print author, I've seen the pros and cons to both sides.
If you have a backlist of titles that your publisher is finished with, get them up on Amazon Kindle, KoboBooks and Smashwords right away. Sales of ebooks are on the rise, and they won't be stopping or slowing any time too soon.
Other ideas for ebooks: publish a collection of short stories or an anthology with other authors, publish a novella or novelette, publish a how-to book or a book of poetry.
I have 4 ebooks coming out between April 1, 2010 and Sept 27, 2010. :-) There's only one thing better than promoting your books, and that's writing them!
My agent is holding 2 thrillers. I'm considering taking one back and publishing it as an ebook next spring.
The key is this: you want to build momentum, then try to keep that momentum going. And the only way to do this is to keep releasing books under some semblance of regularity.
THE OFFICIAL BLOG OF INTERNATIONAL BESTSELLING AUTHOR CHERYL KAYE TARDIF
Mystery, suspense, thrillers, paranormal, horror & YA by "Cheryl Kaye Tardif" & romance by "Cherish D'Angelo". Cheryl is represented by Trident Media Group in NY.