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Smart Friends

#082 Paul Millerd: Profits in Publishing, Why Self-Publish, How Authors Make Big Money

Oct 29, 2024
01:38:13
Snipd AI
Paul Millerd, author of *The Pathless Path* and *Good Work*, shares his insights on the publishing industry. He discusses the history of publishing and the transformative shift to self-publishing. Millerd emphasizes the importance of authors retaining their rights to maximize profits and navigate the complexities of ebook pricing. He also highlights the long-term benefits of backlist titles and how independent authors can gain financial success through creative control and innovative marketing strategies.
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Podcast summary created with Snipd AI

Quick takeaways

  • The history of publishing shows significant evolution, affecting profit distribution and author earnings throughout various technological advancements since the 1400s.
  • Self-publishing has become more accessible for authors, providing higher profit margins and creative control compared to traditional publishing models.

Deep dives

Finding Your Hard Game

Identifying a challenging pursuit that resonates with personal interests is crucial for meaningful work. Engaging in hard games that hold no personal significance often leads to a sense of disillusionment and detachment. Writing, although difficult, can be immensely rewarding when it aligns with one’s passion. This intrinsic motivation transforms the arduous journey of writing into a fulfilling experience.

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