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Self-publishing your children's book does not rule out trade publishing. In fact, it shows publishers that you believe that your book is saleable. Many successful books that are now printed by traditional publishers started out as self-published books.
When self-publishing a children's book, authors have to think about illustration, editing, choosing a printer, distribution, sales and promotion. Many self-publishing websites offer guidance on different aspects of this process and some will assist writers with some of the areas. Once your self-published children's book has racked up a few thousand sales, you may get some interest from trade publishers.