Ebooks have made self-publishing more accessible than. Now that the majority of books sold are electronic, you can self-publish for much less — even for free. But does that mean you have a better chance now at making money on that self-published book than you did when expenses were higher? Authors can also sell their books directly to consumers on their own eboiks. And hoe are a lot of benefits to selling on Amazon. Kindle books are easy to buy, and the publishing process is straightforward.
I’d love to learn about…
The first thing they searched for was a book to walk them through everything. Seems pretty reasonable there would be some manual out there covering the topic. They found what they were looking for, but it was scattered all over the place. Plus, it needed translation. Not from Canadian to English joke but from legalese to English. It was a bunch of formal jargon which is tough for the average person to understand. After hours and hours of research, they were finally able to complete the immigration process and set up their new home in Canada. Other people are immigrating from the United States to Canada too, right? They had hours and hours of all this hard work in the form of research sitting there. None of it is useful to anyone. All they needed was the desire to turn their research into an ebook. Amazon currently has over million people using their site. Not bad for something you possibly wrote in a few weeks. Amazon is the whale. Another option is selling the ebook on your own website. Weebly offers a quick and simple way to set up a website and start selling digital products straight from your site.
The internet has changed so many things in our world. As consumers, snail mail letters were replaced with email. We Skype instead of draining our wallets with long-distance phone calls. And we shop on Amazon instead of fighting for a parking space and dealing with the crowds at the local shopping mall. Specifically, publishing and selling ebooks online. You see, what the big publishing houses do with big offices of editors, writers, administrative staff… and then big printing presses… then distribution centers to get their books out to bookstores around the country… all to hopefully get books in the hands of customers… you can do on the computer you have right now. With all the red tape, «play to pay» tactics, and the lack of marketing support from the big publishing houses along with low royalties many are finding that self-publishing is a much better option and in most cases a more profitable option! That eliminates the expense and hassle of actually creating books, storing them, and delivering them — and that may not even sell. From humble beginnings, ebooks now sell in the millions each year, representing about 20 percent of the publishing market in the United States. And there is plenty of room for a one-person ebook entrepreneur to get a piece of that market.
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1. Kindle Unlimited and Amazon Prime Borrows
And now that Amazon is making it easier than ever to publish, printing a physical book is a natural extension of your ebook. Now, keep in mind that succeeding with ebooks is at least somewhat a matter of being in the right place at the right time.
You can improve your odds of making money with ebooks by having a system of niche and content development, choosing the right platform, making the most of your marketing effort, and, perhaps most important of all, riding the momentum and not sitting back to relax once your first book is published.
Think of it like streaming a show on Netflix or buying the digital copy of a movie on Amazon. EBooks are the digital copies of real books. Yes, you can do this process for free though I do recommend spending some money on a cover design, and maybe an editor. You can set your own pricing and market it through whatever channels you want. When you think about Stephen King, you automatically know which niche he has filled. If you wanted to read a historical romance, you would probably do a double-take if you saw his name alongside a depiction of a Fabio-esque gentleman and a swooning maiden wearing hoop skirts.
The King of Horror has developed a place for himself in the publishing world, and you should do the same thing. One of the main reasons a niche is important is that it makes it easier to establish yourself as an authority on your subject. You probably know a lot about a few topics and a little about hundreds of topics. You also probably know a little about things like specific heart ailments, bone problems in children, and head trauma.
Plenty of doctors and worried parents have already written books on the topic. You could write about how you overcame any fears that you had about vaccines. You can present yourself as an authority on both the nursing angle and the parental angle. It is a niche that is yours alone but it still solves two very real needs health info and parenting info.
After you write this ebook, you could then go on to write additional books on topics where intuition as a parent might or might not align with the usual medical recommendations. Alas, your niche has been born! When choosing your niche, I recommend going small instead of big. You might could write a whole book on how to be healthy.
But there are hundred of well-researched, well-written books on how to be healthy. It is so tough to bring something new to the table. It is easy to get drowned. Instead, write for a very target audience. Instead of writing about how to be fit, tell pregnant women on a budget how they can stay in shape. Write about fitness for men in a depression.
Compile the ultimate list of staying healthy and exercising with your animals. But all of them can make you a sustainable, passive income. This tactic works with websites and ebooks.
One caveat: Before you think that you need to develop the tightest niche possible, consider the case of Tim Ferrissauthor of The 4-Hour Workweek. The 4-Hour Workweek. The 4-Hour Chef. The 4-Hour Body. All of these books are full of self-help ideas and hacks to make your life easier and to spend as little time as possible doing what you need to do to succeed. Tim has written about outsourcing, working out, and cooking… but all of it centers around self-help. Not only that, but all of his books assume that the reader is able to think outside the box and is willing to try new things.
When choosing your niche, narrow is good, but not too narrow. You want to see both the forest and the trees. Remember, the more you write within a particular niche, the more people will perceive you as an expert. Here are a few to think about:. Why would someone pay to read your ebook rather than simply check out a few ornithological websites? The truth is, just about anything you write about, outside of fiction, a memoir, or an autobiography, can generally be researched online for free.
How can you package the information so it provides value to your readers? This is what you need to keep in mind so you can make money with ebooks. You need to spend money to make money, and this is as true with ebook publishing as it is with anything. 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:. Link Whisper is a revolutionary tool that makes internal linking much faster, easier, and more effective. You can use Link Whisper to:. Build better internal links with Link Whisper. When it comes to actually publishing your ebook, you have quite a few choices as to which platform or platforms to use.
Here is the lowdown on some of the most popular. There are quite a few advantages. Second, there are promotions included with KDP, one of which is the giveaway program, which allows you to give your book away for free. Finally, the publishing process is relatively simple. One thing I love about Kindle is that they allow you to make physical copies of your book for free.
You make straight profit on every sale. I love audio books and this makes a natural channel for your novel. So you can publish a digital, physical, and audio version of your book all on one platform with ease. The Barnes and Noble reader is called the Nook, and this device is responsible for about a quarter of e-readership. One advantage of publishing with Nook is that the platform allows for simple collaboration, so if you are working on your book with someone else, this might be a consideration.
Nook also offers live chat services if you need help. Publishing with iBooks means that your work will be available to anyone who has an iPhone, iPad or Mac through the Apple iBookstore. This system is more complicated than some of the other popular platforms. Royalties are 70 percent of list price and there are no listing fees. Outside of the big three platforms that are dominating the market, there are many smaller companies and distributors that might be a great fit for your ebook.
Smashwordsfor example, distributes books to both iBooks and Nook. Kobo has a simple process for uploading books and they also have a partnership with the American Booksellers Association, which allows you to place your book in thousands of independent e-bookstores.
Scribd is another growing e-publishing platform; this one allows authors to upload in a variety of formats, so that might save you time and money. Do your research: How to make money with ebooks depends partially on choosing the right combination of publishing platforms. Writing a book is the easy. Making a killing writing ebooks is the hard. Here are some things you can do to make sure that your earnings keep rolling in. Ideally, this will start while your ebook is just a twinkle in your eye; maybe you have a blog on your chosen topic or you otherwise have authority, either online or off.
Here are some places to promote your ebook for free. In addition, try the following:. Release small previews, hype up the publication date, give background information, and so on. One consideration when it comes to how to make money with ebooks is to become well-known, and social media is one way to do.
Also, give away the first chapter of your book, and give away the book to people in exchange for an honest review. Hold a drawing on your blog; make one share on Facebook, Twitter, or Instagram equal to one entry. Giving away your ebook or parts of your ebook for free will create the buzz you need to inspire sales.
Jim Belosic, co-founder of Shortstack, has some tips on how to create a successful giveaway. Be sure to pay close attention to the part at the end about creating a post-giveaway action plan. As you continue to write more on that below! But looking back, I wish I had known someone who could have mentored me. Even though it ended up fine, I could have done so much better if I had known someone like. Chandler Bolt was one of the first people I heard of who did well by self publishing. You can check out his podcast interview.
You can click here to sign up for a free webinar where he reveals his course. I wish I had known a mentor who could have guided me through the self publishing process with my own ebook. Chandler Bolt can be your mentor. His course teaches you how to:. Click here to learn more about Self Publishing School and begin your legacy. I include broad ideas, then more specific ones below:. Finally, keep on writing. In a guide on how to make money with ebooks, it would be remiss not to mention the importance of continuing with your craft.
The best way to make money with ebooks is to keep adding new material to the market. 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.
And now that Amazon is making it easier than ever to publish, printing a physical book is a natural extension of your ebook. Now, keep in mind that succeeding with ebooks is at least somewhat a matter of being in the right place enooks the right time. You can improve your odds of making money with ebooks by having a system of niche and content development, choosing the right platform, making the most of your marketing effort, and, perhaps most important of all, riding the momentum and not sitting back to relax once your monfy book is published. Think of it like streaming a show on Netflix or buying the digital copy of a movie on Monwy. EBooks are the digital copies of real books. Yes, you can do this process for free though I do recommend spending some money on a cover design, and maybe an editor. You can set your own moneg and market it through whatever channels you want. When you think about Stephen King, you automatically know which niche he has filled.