Traditional publishing is the alternative to self-publishing, and it's called traditional because this is the way it's been done for hundreds of years.
Basically, you submit your manuscript to a traditional publisher and hope they will accept it and offer you a publishing contract.
If they say yes, they will provide free editing, formatting, and cover creation and some marketing. If your book is fantastic, they may even pay you an advance on your royalties and have their own publicists. (You don't ever have to pay anything if you go this route, and if anyone asks you for money they are scamming you.)
Once you have submitted your manuscript you may have to wait 2-6 months for a response. If they do agree to publish your book, you will sign away your rights for a number of years. Once you have signed a contract it will be about a year before the book is published, and even then, it may only be in ebook format.
Royalties, or income from your book, will be divided between you and the publisher at a percentage agreed to in the contract.
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Rejections are to be expected if you go this route, and you need to be thick-skinned. A lot of very famous books were rejected by publishers before they were accepted. Harry Potter and the Philosopher's Stone was rejected 12 times before a small publishing house accepted it.
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Writing Tips http://www.youselfpublish.com/tips.html
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