This guy quit his $250K job to become an author.

His name is Paul Millerd.

He wrote the Pathless Path.

A bestselling book.

In this post, I will break down:

- why he turned down a deal with Penguin

- and how much he makes from his book

Paul was exploring a variety of ways to publish his book. He considered the traditional route but decided against it.

Despite getting an offer of $200,000 from Penguin.

Paul recognised that Penguin had relationships that could help scale the book to a wider audience.

Ultimately though Paul decided to self-publish.Paul decided to invest his own money into creating his book. Why?

He said that giving up creative control was too high a price to pay.Penguin were only willing to give him 10% royalties on his hardbacks and 7.5% on his paperback.

Instead by doing it himself, he makes a lot more in royalties.

Paul makes 35% from hardcover sales and 40% from paperback sales.

In the last two years, Paul has made around $230,000 in royalties from his book sales.

Maybe more at this point.

BUT Paul doesn’t just make money from his royalties.

Paul also makes money selling courses and consulting.

The book has brought a lot more attention to his website, and social media and helped him sell more of his core services.He says he has earned around $250,000 in revenue from these other revenue streams.People often think a book is what you write after you have built a successful business.A book is what helps you build a successful business.

If you'd like help crafting a bestselling business book then get in touch today.

Also its worth noting that Paul got the offer from Penguin after choosing to self-publish his book.

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