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Have you ever considered creating an eBook? You can not only make money selling eBooks, but you could also create multiple passive income streams selling your eBooks. Who wouldn’t want that? I mean, you put in the work once and you could generate income for years to come with little effort after it’s complete.
These days it’s easier than ever to write and self-publish books online. Reaching millions of readers worldwide is possible, thanks to the Internet and digital self-publishing platforms. You can make money selling eBooks even if you are not a great writer. You don’t necessarily need to write the next great novel.
If you have some knowledge of a particular topic or are willing to do some research then you absolutely can make money selling eBooks. You can write how-to guides or tutorials, you can put together a collection of recipes, you can even hire someone to write an eBook for you, talk about passive income.
The emergence and popularity of Amazon’s Kindle, there’s an increase in the growth of the electronic self-publishing industry and the sales of eBooks. This makes it easier than ever to make money selling eBooks.
What Are eBooks?
eBooks are books that are published in digital format. They can be delivered or downloaded online. eBooks can be read on devices like Amazon’s Kindle, on iPads or tablets, on smartphone apps, and personal computers. Whether you are an experienced writer or a newbie writer, you can make money selling eBooks online.
Writing and Publishing an eBook
Choose a Profitable Topic
Before you start writing your eBook, choose a topic you know well. Think about a more specific or niche topic is best because you will have less competition, and still have a large audience interested in that specific topic.
You can choose any topic, as long as you can provide valuable content that people want to read. If you have expert knowledge of a topic and can offer value, you can make money selling eBooks.
Focus on a profitable sub-niche within a popular broad niche. For example, wealth is a broad niche and income is a sub-niche, but income is still quite broad. Passive income is a more specific sub-niche (micro-niche) or smaller topic.
The key is to find a smaller topic that has less competition but is profitable. If you can provide unique ideas and valuable content to your niche market, i.e. potential readers, you have greater chances of success because you are marketing exactly they are looking for.
Identify your areas of expertise. If you are a blogger, for example, then you can write an eBook about a topic you are extremely familiar with. If you are a good gardener, you can write an eBook on how to grow vegetables in small spaces or more specific, how to container garden.
Have a Cover Design for You eBook
A professional cover design is an important aspect of an eBook. Once you have written your eBook and proofread it, it is time to have a good cover design for it. A professionally designed eBook cover grabs more attention from your target readers and helps to sell your eBook. If you have graphic design or photography skills, then you can do it yourself or hire someone to create it for you. With great cover design, your eBook will look professional and beautiful and will get noticed more by your target readers.
How to Make Money Selling eBooks
Where to Sell Your eBook
Once you have created and chosen a cover design for your eBook, it is time to upload or self-publish your eBook online. Let’s look at some great options to put your eBook up for sale.
Sell Your E-books on Your Blog or Website
You can sell your eBook directly from your own blog or website to keep more of the profits from sales you make. If you already have an audience for the topic your eBook is related to, then promoting and selling your eBook should be fairly easy.
You can simply add a shopping cart or PayPal link to let your potential readers or buyers order your book, pay online and download the book. You can even use a third-party eCommerce site such as SendOwl to take care of payment processing and delivery of your eBook.
Sell Your eBooks on Amazon
Amazon is one of the best places on the web to sell your eBook. Amazon is such a popular and massive website that your eBook will get the exposure to reach a large audience increasing your chances of making more sales.
To get started, you need to create an Amazon’s Kindle Direct Publishing (KDP) account. Amazon will convert your eBook into a Kindle-friendly format when you upload your eBook. You can choose between two royalty options for your eBook based on how much it is priced. You will earn 70% of the sale price if you set the price between $2.99 and $9.99, or earn 35% royalty if your ebook is priced above or below this amount.
Sell Your E-book on eBay
You can sell eBooks on eBay using the specific formatting requirements and e-publishing guidelines for eBooks. If you meet the requirements, you can list your eBook for free on eBay. You pay a fee to eBay for each sale made. You will also pay a payment processing fee to PayPal for each transaction.
Promote Your eBook
Once you have self-published your eBook online, promote it to get it noticed quicker by your potential readers. It will take considerably longer to get your eBook noticed if you don’t promote it. You can promote your eBooks via your own blog or website, social networking sites (e.g. Twitter, Facebook, Google+, etc.), and specialist sites like Goodreads to attract potential readers. You can also promote your eBook through article marketing, guest posts or even paid ads on Google.
The eBook market is experiencing a huge growth so it’ easier than ever to make money selling eBooks if you are willing to put in the effort. The best part about writing and selling eBooks is that once you eBook is complete, it brings in passive income for years to come with little effort.
Looking for more ideas on earning passive income?