How to make money from eBooks
For many, learning how to make money with ebooks, the journey started elsewhere. You’ve heard about passive income, and you might be thinking, “what could be better than that?”
Put in some work now and continue to reap the financial benefits for weeks, months, and even years to come. While it’s not always as simple as that, writing ebooks is one side hustle you won’t want to disregard: it is relatively simple (though not necessarily easy!).
Right now, publishers do make a little bit more on ebooks, but there are a few things to consider before you bring out the pitchforks demanding $5 ebooks: 1) ebooks are currently less than 5 percent of book sales. 2) paper booksellers can’t compete at these prices, especially indie booksellers. 3) there is no equivalent paperback market with lower costs to eke out more money later in a book’s life (especially if the hardcover flops). 4) all of the publishers’ other costs, like editorial and office space, came out of that $4 for a book.
Although print books are still more popular than their electronic counterparts, it’s more feasible to break into publishing by going the kindle (or nook or ibook) route. Now that Amazon is making it easier than ever to self-publish a book printing a physical book is a natural extension of your ebook. If you’re wondering how to make money with ebooks, this is the step-by-step guide you’ve been searching for. We’re going to discuss how to find a topic for your book, write it, publish it, and get the word out.
How much money can you make from eBooks?
You need to spend money to make money, and this is as true with ebook publishing as it is with anything else. One important part of how to make money with ebooks includes investing in your work. Here are some of the services you might want to hire out so you can make your book as professional and purchase-worthy as possible:
cover art. Forget about trying to doodle or freehand your own cover, and don’t even think about just sticking a solid cover with a times new roman title on your book.
Finally, keep on writing. In a guide on making money with ebooks, it would be remiss not to mention the importance of continuing with your craft. If you write one ebook, that’s great. But if you write one each month or each quarter or each year, that’s even better. The best way to make money with ebooks is to keep adding new material to the market.
If you’re stuck trying to figure out where to start or how to make money with ebooks, follow these steps closely to accomplish your goal. Here is a brief overview of how to write an ebook and sell it online:
brainstorm a topic.
Tips for making money from your eBook
Believe it or not, you might already have most of an ebook written already. If you are already making money with a blog, those blog posts could be turned into an ebook with some editing. Simply collect relevant blog posts into an order that makes sense, make any needed edits so that references that aren’t relevant are taken out, and add an introduction and conclusion, and you’re done. Any blog posts you use should cover the same or related topics and work well together.
Making money from ebooks isn’t automatic. You can’t just put anything in it and hope to profit. It’s not a difficult task, but you should follow some best practices to make sure your ebook draws readers’ attention and generates sales. Don’t get overwhelmed just because writing a book doesn’t mean you have to stress out. With a plan in place, you can finish your work and put it on sale.
Does this whole marketing thing seem a bit daunting? it can be a bit overwhelming. There are so many things to do it can seem like there is no point starting…and that might be the right way to go. Making money writing ebooks is a numbers game. You can write one ebook in a week, spend months or years marketing the hell out of it, and try to make $10,000 per month.
Paying tax on money you make from eBooks
Just as traditional publishing has transformed due to the rise of ebooks, today’s self-publishing market has transformed as well. Most self-published authors earn the bulk of their money from ebook sales. Furthermore, 85% or more of all us ebook sales happen through a single online retailer, Amazon. Anyone can make their ebook and print book available for sale in the most important market—amazon—without paying a cent upfront.
Easy ways to make money quickly
Blogging is a great side hustle because you can do it at your own pace anywhere you want. It’s not a quick and easy way to make money, but there are many ways to make money side hustling while blogging. You can sell advertising, become an affiliate for other people’s products, sell your own online product, and more. It does take time to build up an audience to be able to make a decent amount of money, but once you have a large following, you could earn over $15,000 per month or more (we do).
If you’ve ever done a google search for quick, easy ways to generate money online, then you’ve probably seen a lot of blog posts about ebooks. And maybe you’ve even decided to give it a shot, but then all these questions start coming up! what if I’m not a serious writer? how do I pick a subject I know enough to write about? if I finish my book, where and how do I sell it?
finding easy ways to make money fast is something I hear about a lot. How do you make extra money from home that anyone can do, no matter if you have a high school diploma or a college degree? Writing online is the best way to earn extra spending money. All things online begin with writing content. If you’re a great writer, why not use that skill to find ways to make that extra $100 a day?
Best paid online survey sites
If you have some time to spare online, you could spend it filling out online surveys. Some sites will pay you to do so, and it’s very easy. All you have to do is register, and these companies will contact you when they have a survey that fits your profile. Typically these are online market research surveys for big brands.
Another action you can take today to make money writing is to write for paid blogging sites. There are many blogs online looking for writers to contribute content, and in exchange, are willing to compensate them with cash. Most of these websites pay more than $50 per article, and writing an article for them takes anything from 1-2 hours.
Are you very good with photoshop or any other design tool or form? then you can get paid by writing basic tutorials explaining how to use popular design tools or by writing tutorials on how to achieve a special type of design. Many big sites are willing to pay you online for your skills, and these websites can pay you anything from $100 – $300 per tutorial.
How much time does writing an ebook take?
A fair amount of time is required to create an ebook, but it should not disrupt your regular schedule. As mentioned earlier, using voice typing saves a lot of time. And if you are too busy, you can always hire a ghostwriter to write the book for you. Still, you can write the book during your free time, and you could be done within a few weeks and start making money off your efforts fairly quickly if you already have an interested audience. If your ebook topic is not evergreen, meaning that your ebook needs to be updated every so many months, you will need to invest more time into the project.
As an author, I spend more money than I would like to admit on ebooks, books and audiobooks. I enjoy reading them, and they help me hone my skills as a writer too. But recently, I discovered a couple of ways in which you can legally download free kindle books, including how you can get the new or popular ones as well. It will save me a bunch of money, and I hope it can save you money too.
Choose a popular topic for your eBook
Lists are a popular and highly consumable article format that translates well to ebooks. They’re an ideal way to organize a lot of information without worrying about the flow of the text. If the idea of doing this for your ebook appeals to you, start looking at lists online to see some of the recurring topics. Use those as a springboard to develop other ideas.
Not only will it boost the sales of your new books, but it will also inspire new readers to go back and buy your older books. Working in this way to continue to sell ebooks doesn’t have to become your full-time job, but it can!
What should you write about? Refer to your niche and see what makes sense. If you’re writing fiction, consider a spinoff or a continuation of your story. For nonfiction books, choose another topic within the same niche.
By now, you probably have a few potential ideas for ebook topics. It’s time to narrow your list by gauging whether other people are interested in your ideas. Start by researching keywords related to your ideas. See how popular these terms are with free tools like google analytics and google trends. If it seems like your ebook might have an audience, check out your keywords on Amazon. Com next. Is there a good number of books on your topic? that’s a good sign.
You can always choose a different niche, but if it’s somewhat related to the current topic of choice, you’ll be able to market to the same people. Remember, when it comes to making money online, passive income is not passive in most cases. While there’s a chance you will take off, and your book will become a bestseller and a movie, it’s more likely that you will need to continue to put work into writing and marketing even after you publish and sell your ebook.
Write your eBook to a high standard
Just as it pays off to spend time writing your ebook to as high a standard as you can, it’s also worth putting a fair amount of your energy into marketing your ebook. To make money from your work, it’s super important to get the word out there, and your ebook marketing needn’t cost you a penny. Social media is a hugely powerful marketing tool, so it’s worth setting up professional accounts across major platforms like Facebook, Twitter and Instagram that will be focused on promoting your published ebook.
One simple way to hack your content strategy is by reading reviews of competition:
- Head over to Amazon
- Search for ebooks covering a similar topic to what you want to write about. Target the titles with an average review of 4 stars or higher. Read the “most helpful” critical reviews from those titles. Find the things “missing” from the best books. People may enjoy a book but wish there was still more to it. If one of the top sushi cookbooks doesn’t teach you how to make a California roll, please include it in your sushi cookbook.
- You want to map everything out. Every talking point, an important fact, introduction, conclusion…all of it. Look at the table of contents of bestselling ebooks in your niche for inspiration. The more thorough your outline is, the easier it will be to write the ebook. A simple way to create a thorough outline is to take all the highlights from your content research and put them on individual notecards.
Develop a marketing strategy for your eBook
There’s a dirty little secret in the traditional publishing world. Publishers usually don’t actively market or promote the vast majority of the books they release. Only those from established best-selling authors get this attention. But, as an ebook publisher, you’re going to relish having this same control over your marketing and sales strategy. With all the options available, you should have no problem finding a way to get your book title(s) out into the world and grab the attention of potential readers.
The key to making money with ebooks is to have a good marketing strategy. You don’t have to just give away free ebooks to get publicity. Here are some ways to start selling ebooks faster.
Whether you are selling your ebook on your own website or a platform such as Amazon, it’s still crucial to send high-quality traffic to the sales page and introduce people who care about the topic to your book. The easiest way to talk specifically to the people who have the problem that your ebook is solving is using your existing content (or creating new blog posts, videos, emails and so on) to form a content marketing strategy.
After spending so long perfecting your ebook, you deserve a little credit for your masterpiece. Writing competitions are not only amazing for kudos, but they often come with rather nice cash rewards writing competitions aren’t the easiest way to make money from your ebook as they’re generally very competitive, but they are worth a go. We’d recommend any writer to enter them.