I am here to introduce you to the various methods of earning passive income at home. In case, you are a student looking for extra income, a housewife or a retired person or simply someone looking for side hustle, this article is for you. In this article we discuss how to write and sell ebooks.
Ebooks have fast gained popularity over the past few years and are being sold in abundance. It has eased the way traditional books are published where writing a book and finding publishers Traditionally is a long-drawn process. Extreme dedication is required to publish a traditional book. You must meet the publishers criteria of Content length and proof-reading. Sometimes, it is difficult to find publishers directly and you need to hire an agent in order to get your book published.
Ebook publishing has taken a lot of pain away from what was there in a traditional book publishing. It can be self-published and it is only you who has a complete control over your content- it’s length, proof-reading and presentation. Besides, readers prefer ebooks over traditional books as it gives lot of convenience in reading. It can be read on a smartphone anywhere and anytime. The age of ebooks is here and we are here to discuss how you can use it to earn passive income from home.
Writing in ebook
Though ebooks hold a good potential to make money online, it must hold some value to the reader. They must be motivated to buy the book even if it costs a lot lesser than a traditional book. The first step in understanding how to write and sell book is to understand what to write in your ebook.
Start from determining your niche- the subject in which you can write freely even if you are not an expert in the area. You can always research and find material to write But unless you are passionate about the subject, you will not hold attention to the subject. Therefore, it is extremely important to determine your niche area in which you would be writing or creating visual content. Read my other article on determining your niche area by clicking here.
After determining your niche, you must first ask – what problem does my niche knowledge solve. It might solve the problem of losing weight or finding a side hustle to choosing the right smartphone. This is an important step in your business planning.
Thereafter, answering the question – how do I solve my reader’s problem, gives you lot of ideas about creating content. You will base your research on this question which gives a clear direction to looking for your content material.
Creating content would come with little practice for people who are not already into writing or creating such content. In case, you already have a blog-site, it becomes easier for you to understand this perspective. However, we are discussing ebook creation for absolute beginners. Using the above strategy, you can create contents for an ebook anytime.
Creating an ebook
Once you have decided on your niche and created content, the next question comes to mind is to how do you convert it to an ebook?
Ebooks are soft forms of books generally in PDF or any other screen readable version. It is easy to download on your device and store it. However simple that might sound, it might be intimidating for a beginner to design the cover, create a content layout and insert affiliate links at appropriate places. Yes, you read it right You can enter into Affiliate Marketing via ebooks. Read my other article on Online Selling without website by clicking here.
I might have sounded intimidating by naming a few mandatory things which must be done for creating an ebook. The good news is that there are free software available to convert your content into ebooks. Canvas is one of them. It helps us organize your content and convert this into an ebook.
in case your content is ready, try converting it into an ebook using Canva. You will love the ease with which you can do it.
Ebook Pricing and Earning Potential
Ebooks are priced much lower than the traditional books published in paper. That is the biggest selling point of ebooks- their affordability. Ebooks are generally available in the range of $1.99 to $5.99. This Pricing draws a buyer to shell out this nominal amount without much considering the expenses. Taking a cue from the listed value, you will need to price your ebook in this price range.
Amazon charges a fee on each sales made on its platform. This commission varies with the content length. You can go through the details before deciding to sell on Amazon or selling it over your own channels- your website or your social media channels.
Harry Potter might have been a multi-million dollar bagger but ebooks have not seen those figures yet. Your earnings will be in proportion to the number of hits which you get on your ebook link. Here, I can only tell that there are credentials available of earning more than $1000 available by selling ebooks.
Selling ebooks is same as digital marketing though not so intense. You can sell an ebook over social media channels. Instagram is one great place where people earn well selling ebooks. However, it depends on your skill as to how you reach your audience. An interesting post might be a precursor to buying your ebook. One needs to learn the skills to suggest buying your ebook. A strong foundation is created if your ebook solves your reader’s problem. Imagine a job-seeker stumbling upon an ebook addressing how to land a job in 30 days!
Amazon Kindle has become the most popular platform to sell ebooks. It is extremely convenient to upload your ebooks on the platform and Amazon’s amazing reach does the rest. You get a worldwide audience for your ebook. Amazon Kindle is a comprehensive answer to how to write and sell ebooks.
The introduction to ebook explained above must have motivated you to work on this methodology of earning passive income. Monetizing an ebook has become so convenient that it is worth taking a look at. I suggest trying this out today!
Do leave your comments below with your experience on trying out writing and selling ebook.