Content of the material
- How much money can you make from eBooks?
- Ghostwriting 101: What You Need to Know
- 2. Hire Professionals To Edit and Proofread Your Ebook
- 4. Write a Series
- 8. Create an Audiobook Format For Your Ebook
- 5. Sell Products or Services
- How to Write an eBook and Make Money the Easy Way
- 9. Quick and Easy Search Engine Rankings
- Step 6: Designing the Cover
- 7 Sites to Help You Sell Ebooks
- 1. Visme
- 2. Amazon Kindle Direct Publishing
- 3. Smashwords
- 4. Rakuten Kobo
- 5. Sellfy
- 6. Payhip
- 7. Gumroad
- How To Write An Ebook and Make Money
- Some Dos and Don’ts for a Successful Ebook
- Starting an Ebook Business — Where You Sell
- What Is An eBook and How Does it Work?
- There is More to Selling eBooks Than Just Writing Them
How much money can you make from eBooks?
Producing an eBook can be ridiculously cheap and, often, completely free, and selling your own ebook can net you anything from several pounds a day to almost nothing.
The good news is that you get lots of say in your potential earnings, so it’s worth taking a look at the sums:
- eBooks sell for anywhere between 99p to £8.99 and up, but the store (and your publishing platform) will take a chunk of each sale
- You can sell your book for whatever price you like – and you can alter the price to test different tactics – but the ideal price depends on your book’s length, reviews and competition
- If you’ve got cash to invest (or can crowdfund to pay for it), you could spend money on extra marketing for your book to increase its chances of success, but there are lots of ways to market it for free, like on social media.
Here’s how to maximise your eBook profits…
Ghostwriting 101: What You Need to Know
At some point in your freelance writing career, you’ll come across ghostwriting gigs. You might be wondering what they entail, how they work, and if they’re worth pursuing while you’re building your writing career. While ghostwriting gigs can be fun and pay well,…
2. Hire Professionals To Edit and Proofread Your Ebook
I have personally hired many professionals from Fiverr, and they have done an amazing job.
You can find a professional for almost any work on Fiverr and at an affordable rate. Try to sort them out by ratings and reviews.
People might have a bad impression of you if they notice grammatical and sentence formation mistakes on your eBook.
So it is highly essential to hire a professional ebook editor.
If you are on a tight budget, you can proofread your ebook with the help of Grammarly, which helps you find all sorts of grammatical errors.
Editing the ebook is a complicated part, so hire some professionals you think might be the best to work on your eBook.
4. Write a Series
Nothing is easier to sell than a sequel to a previous ebook. I’ve done a series of four Freelance Writers Den ebooks adapted from bootcamps, and the new Small Blog, Big Income ebook is the sequel to the original Small Blog, Big Income: A Niche Blogger’s 7-Step Success Formula.
Know what I did to sell the new one? I sent an email to everyone who bought the first one, and made hundreds of sales. Easy!
8. Create an Audiobook Format For Your Ebook
Creating an Audiobook format would positively impact your sales to make money selling ebooks.
You can hire a highly skilled voice-over artist at an affordable rate from Fiverr.
The voice that would read the content from your ebook is crucial because it would positively decide a reader’s perception of purchasing it.
Never even have a second thought about whether you want to narrate your ebook.
Only a professional voice-over artist knows how to make it sound so perfectly that you or I cannot do it.
It is always smart to have 3 formats: Print version, Ebook version, and Audiobook version when you want to publish your book.
People are more comfortable with the Audiobook version because it creates a different experience that readers love.
5. Sell Products or Services
If someone has invested the time to read your entire book, they’ll likely want to learn even more from you. The back of your book is the perfect place to let readers know about any other books, products, or services you sell.
Many nonfiction authors earn more money from selling products and services to readers than they do from royalties.
How to Write an eBook and Make Money the Easy Way
Publishing an ebook on Kindle is one of the most challenging things I've ever done, but it was 100% worth it.
The step-by-step guide I outlined is exactly what I did to sell my book. It's also the same advice that Chandler Bolt has talked about with us.
He's also gone one step further to help make it even easier for you to design your ebook and start selling. Book Bolt is the software that Chandler developed to help you create an ebook. If you want to sell your ebook and make sure it looks really professional I definitely recommend you give it a try.
More than that, however, we talked about the key to a successful ebook being research. Well, Book Bolt make that whole process even easier. The software helps you check out other ebooks in your niche and determine what the best ebooks are for your own book.
If you didn't like Book Bolt (I don't believe you) then you can always check out these Book Bolt alternatives too!
9. Quick and Easy Search Engine Rankings
Getting your website to rank #1 in Google for a competitive keyword is tough, but it’s ridiculously easy for Amazon to get ranked #1 in Google.
You can get your book’s page on Amazon ranked very highly in Google, even for really competitive search terms, if you have a book that readers love.
Step 6: Designing the Cover
Unless you’re a VERY creative person, I’d look to outsource this part.
You know the old adage, “never judge a book by its cover.” Well, that’s not the case on Amazon.
EVERY book is judged by its cover.
You want to make sure yours looks professional and stands out from the crowd.
A quality cover makes your ebook look professional. It shows you mean business and the content inside is of a high quality.
For great design covers, there are a few places you can look to:
99designs: This is the high priced option. A book cover will typically run you between $50 and $500. I know, it’s a big spread.
With 99designs you’ll run a contest. You’ll write up a description of what you’re looking for and then people will submit their designs.
You put a price up front on how much you’re willing to pay for the design. The higher the price, the more design submissions you’re going to get.
Freelancer: A book cover here will probably be less than $50. With Freelancer, you hire a freelancer to do the design work.
Unlike 99designs, you pick one designer and pay them to do the work. So before you pick one, make sure to look at some of their samples to make sure it’s on par with what you’re looking for.
Usually, you contract someone out at an hourly rate, but you can also set a price for the full project.
Some of the people on Fiverr are trained individuals getting started. They’re making very little money to build a portfolio and get their name out there.
Writing an ebook seems daunting, but all the barriers are gone.
No one is telling you how long it needs to be, what you need to write about, or even what the title should be.
All you need is the desire and discipline to do it.
Our American expats took the research they already did and turned it into a nice little monthly passive income.
There is something you have knowledge on which can turn into a few thousand words that someone is willing to pay for.
Have you made money writing ebooks? Any tips or recommendations?
7 Sites to Help You Sell Ebooks
Selling ebooks needs a good and trustworthy platform. There are many publishing and distribution options, big and small. Choose the one that works for you.
If your ebook is not in the file type your publisher or distributor asks for, there are plenty of free online converters. Additionally, if you have the content and want someone else to convert it to ebook format manually, you can find many people on Fiverrr who offer this service.
Visme in an all-in-one design and content creation platform that lets you create, publish and share all kinds of visually engaging content — including ebooks.
You can easily create ebooks with the help of ready-made templates (with multiple, pre-designed pages), drag-and-drop design tools, free photos, the ability to add videos, links, audio and animation, and more. Share your ebooks online, or download them in PDF or HTML5 formats.
Here’s a quick video tutorial to walk you through creating an ebook in Visme:
When you sell ebooks via Visme, you can create multimedia, interactive digital experiences viewable on both desktop and mobile. Plus, your readers can download a printable or digital PDF directly from the multimedia ebook.
You’re also able to track the number of views on your ebooks when you share them via Visme. This is great for analyzing the performance of your content.
2. Amazon Kindle Direct Publishing
Amazon is one of the largest online platforms for selling digital ebooks. Publishing your own ebook is one of the most popular ways to make money on Amazon, which can bring $1000+ a month.
The ebooks sold on Amazon are mainly for the Kindle reader, and they offer a tool to convert your manuscript, called Kindle Create. You can upload Microsoft Word files, EPUB and their signature Kindle file type, KPF.
Smashwords is an ebook publisher and distributor that offers lots of solutions for new and experienced ebook writers. You can upload a Word document or an EPUB file. They turn it into a digital ebook product and distribute it to all major ebook consumer platforms.
4. Rakuten Kobo
Rakuten Kobo is another ebook publisher and distributor offering to sell your ebooks on their site and many other distribution sites. To publish with Rakuten Kobo, simply follow the steps on the website. You can upload Microsoft Word and EPUB files, among others. They also offer solutions for selling audiobooks and even have their own digital readers for sale.
Moving away from sites that concentrate on ebooks alone, there’s also Sellfy — a digital product marketplace where you can sell any digital product for download. You can sell directly from Sellfy or use the link on your website.
Yet another digital download marketplace is Payhip. To sell an ebook on Payhip, it has to be ready as the file type of your choice. For a site like this, you’re better off selling your ebook as an EPUB. Sell with a Payhip link or add the link to a button on a landing page.
Finally, we have Gumroad — another online digital product marketplace where you can sell ebooks and other digital products. Selling on Gumroad is simple, but they don’t distribute your ebook anywhere else.
How To Write An Ebook and Make Money
The golden rule to writing an ebook is to research your ebook topic before you put together anything.
This is true no matter what kind of ebooks you want to create. If you want to sell your ebooks you have to know if there is a market for them.
When you're getting ready to become an ebook author and write your own ebook, it's important to plan first. Whether you're interested in writing fiction or non fiction, to come up with a best selling ebook idea you need to decide on a niche.
There are various ways to go about this but whatever your approach you need to be prepared to put a certain amount of time into planning.
Some Dos and Don’ts for a Successful Ebook
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 attention from readers and generates sales.
Don’t Get Overwhelmed
Just because you’re 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.
You just need to create an outline for the book to follow, set a schedule for when you’re going to write (if it’s original work) or when you’re going to work on it, how you will market the book and when each task needs to be done, and set a goal publication date when it will be offered on sale. It’s a matter of setting aside time each day. You can’t just work on this when you “feel” like it… otherwise, it’ll never get done.
Do Choose a Topic You Know About
You want to write with authority and confidence… and passion. It’s not a good idea to pick a topic just because you think it might be a best-seller. Remember, you can always outsource the writing to an expert as well.
Don’t Make Your Writing Flowery and Complicated
Make sure all your text is easy to read and understand. It's better to write in a conversational manner and not in an academic manner. Many experts suggest that you should write at an eight-grade writing level.
Don’t Forget About Proofreading
Double check for grammatical errors, misspellings, etc. Make sure you have a trusted friend or even professional proofreader go over your ebook before publication. There’s nothing worse than releasing a book full of errors — it doesn’t inspire confidence in your readers, can lead to refunds, and bad reviews.
Do Create a Professional Layout and Cover
Just because you are self-publishing doesn’t mean you want it to like an amateur did it. Hire a graphic designer on a site like Fiverr.com to create a good-looking cover based on your direction and input for not much money. They can also lay out the interior pages too. Just because your book is self-published doesn't mean it has to look and feel that way.
Starting an Ebook Business — Where You Sell
As an ebook publisher, you have a few options available for selling your works.
You can set up your own website and sell your ebook directly online. You might make a PDF available to your readers for example. A simple shopping cart or PayPal link and you’re all set. A reader visits your site, they order, and they get a download link and get your book. It’s pretty much all automated, and you simply keep an eye on things to make sure the site is running smoothly.
The benefit of this is you control the entire process, get all of the customer information (so you can promote additional products, services, or books), and you can charge higher prices.
One of the easiest ways to sell ebooks is to work through a third-party site like Amazon. You may have ordered products, even books, from Amazon in the past. But this is a whole different side to this massive e-commerce site.
The big benefit to working through Amazon Kindle Direct Publishing, even though they charge you a commission on your sales, is their reach. Around one fifth of Americans (21%) are said to be active ebook readers in the last year. That’s your potential audience, all those people visiting this site and browsing for a new book. It could be your book they find when doing a search on a related keyword.
While you may not make as much money as you would selling directly on your own site, you'll have the opportunity to reach an audience who you wouldn't otherwise have access to.
The process of selling your ebook on Kindle is straightforward. You sign up, then upload your ebook. They take care of converting it to their proprietary format. Then you’re ready to sell and grow your business through Amazon.com.
Which of these options should you go with? I recommend doing both.
Put one (or two) of your books on Amazon and think of that as a traffic source… a way for new people to find you; and you get to make profits from the sales of the ebook. Use your Amazon ebooks to drive people back to your website and get them onto your email list.
The best way to do this is to include a free bonus offer inside your book and have them go back to your website to claim their bonus. In order to get access to the bonus, they have to opt-in and give you their email address.
Once you have them on your email list you can follow up with them and sell them additional ebooks from your own site, at a higher price point. Use the best of both worlds!
What Is An eBook and How Does it Work?
An eBook is a book in digital form, versus a physical book that is available in either hardback or paperback. With the latter, you can pick it up, hold it as you’re reading and turn the pages, and then set it on a shelf when you’re done.
Conversely, you read an eBook, which is 100% digital, on an electronic device like a smartphone, tablet, computer, etc.
Because eBooks won’t take up space on your shelf, it’s easy to take thousands of them with you wherever you go. They are also a lot cheaper than physical books!
Related: How to Make Money Reading
There is More to Selling eBooks Than Just Writing Them
It’s easier than you probably think to make money writing eBooks. All you need to do is craft your publishing plan and put it into action.
A lot goes into creating your first eBook – more than just putting your thoughts into book form and selling it.
As you work on your project, you will also be building an audience along the way. Your readers will give your eBook life. They will also provide you with inspiration, share their feedback, ask questions, and ultimately help you grow your income.
Aside from your target audience, harness the power of networking. It’s important to connect with other content creators like yourself. Building a network of peers and becoming known within the creator community come with so many benefits, including:
- Making friends
- Connecting with others
- Having a base for potential affiliate marketers
- Getting seasoned advice from professionals and experts
Creating an eBook takes a lot of time and effort, but it can be so worth it. If you are ready to start making money writing and selling eBooks online, now is the time! You never know: This could be the start of a fruitful entrepreneurial journey.