Not sure what the pros and cons are in either, although once initial rights have been sold I would imagine it would be difficult to resell them for much. I had to learn the hard way that putting work on the internet is the same as self publishing for free, so I have had to make a lot of writing private or restricted just to protect the rights in case I wanted to sell them.
However, as far as my novel is concerned, it is currently unpublishable, but if I were to fix it up, which path should I take? These days if you want someone like Tor to publish your work you need an agent, which I don’t currently have. But, putting all that aside, which would you do, and why? Just curious what other more knowledgeable people might think. I have published a couple short stories in college lit journals, but the rewards were getting in print, and in one case, getting a flower. Don’t know what happened to that flower…poor thing, that doesn’t bode well. Thoughts? Which direction should I focus on? 🙂