Questions

How can I make money out of writing and publishing ebooks?

My current circumstances currently prevent me from working full time. And I also need to make to $8000 in the upcoming months to pay my family's bills. I'm good at writing. I also love research and have what it takes to produce new ideas/strategies in entrepreneurship. I thought about building my audience first through writing articles on Medium, but people didn't show up. Then I thought about writing free ebooks then switching to paid ones, but I don't know how I should build my audience. What should I do?

7answers

First, I think you need to look at why no one showed up for your writing on Medium. Did you just publish and forget it? What's your view-to-read ratio? Are the people reading your articles engaging with it (or at least reading to the end)?

Selling ebooks is about 5% writing and 95% marketing. I wish that weren't the case, but the fact is that most ebooks are utter trash: riddled with typos, mostly packed with useless information, and generally executed poorly all around.

But those terrible ebooks sell because they're marketed well.

You can find tons of free resources on marketing, or you can buy (warily) any number of books about marketing ebooks online. You can also talk to someone who's helped other people set up successful ebook-selling operations — I'd be happy to help.

The basics are:

1. Write something people need. If no one has the problem you're solving, it won't sell.
2. Put out lots of content around the subject matter on your own site/Medium that links back to your sales page for more info/next steps.
3. Write for other sites with big audiences. Guest post about your subject matter. Most sites are constantly hard up for content, so you have a decent shot of getting a post run of you submit it properly.
4. Be consistent. You can't run two guest posts and expect millions of dollars in sales. Many of the best sellers are putting out dozens of articles a month.
5. Test and iterate. Set up simple split testing on your site. Watch the conversion rates from your articles and see where spikes and dips are happening. Adjust as necessary.

Making money from ebooks is not easy, and it's mostly an effort in self-promotion and sales. But if you follow through and keep testing, there's a lot of money to be made.

If you'd like an experienced set of eyes to help with putting together a launch/marketing strategy, I'd be happy to give you a hand. Let me know.

Good luck!


Answered 6 years ago

These articles on The Hustle can you give a new kind of perspective.

http://thehustle.co/underground-world-of-kindle-ebooks
http://thehustle.co/part-2-confessions-from-the-scammy-underground-world-of-kindle-ebooks
http://thehustle.co/part-3-confessions-from-the-scammy-underground-world-of-kindle-ebooks

Hope it gives you a few pointers in the right direction!

P.S. I, in no way, condone some of the black-hat techniques mentioned there.


Answered 6 years ago

Earning a living by publishing books either in hard copy or Ebook format is a tough slog. I have published over 20 books in both formats. Some of the books were self-published others published by major publishing houses such as Doubleday, Prentice Hall and McGraw Hill. Two of these books were best-sellers, each as a result of my own marketing efforts.

Since you are good at writing and enjoy research, you might try freelancing. There is a huge demand for good content for online use. And with the growth of content marketing, many businesses are looking for good writers to help prepare great content.

I don't know what your fields of interest and expertise are; give me a call an i will help get you started on researching potential sources of freelance work.


Answered 6 years ago

I can help with this. Watch the webinar on my site if you want to learn more. Look forward to possibly talking :)

http://authorsunite.com/

Tyler


Answered 6 years ago

I spent a lot of time writing an eBook that very few people read. I also wrote for Medium for a while and had minimal success. People also consider me a pretty good writer. So why should you keep reading this answer? Because I think I've learned a few things from these lessons that I hope may be helpful :)

The first lesson is that if you want to attract an audience, write about something people are interested in reading about today. There's a lot of research involved in this.

The second lesson is that just because a topic is important to you, that doesn't meant the topic is important to anyone else. Because of this, circle back to the first lesson!

Finally, writing an eBook take a pretty big investment in time and getting the book written is just the beginning. As one other respondent to this question said, after the book is written, the marketing part takes a lot of time and effort. Because of these reasons, in my opinion, eBooks are not a quick way to begin earning income.

It sounds like you need to earn money quickly. If that's the case, I'd suggest writing blog posts for other people, just to get started. You could start on Fiverr for lead generation purposes and to get your name out there. Try Upwork too. Finally, I came across this job board that may be helpful - http://jobs.problogger.net/. I'm sure there are other platforms that match writers with blog owners who are looking to outsource the writing of their blog articles.

The advantage to this approach is that you get paid, whether or not the article is actually read. The risk shifts from you to the owner of the blog who's paying you, who's hopefully done his/her research before hiring you to write the blog post.

Good luck!


Answered 6 years ago

The first thing you need to do if you decide to write and sell ebooks is study the market to make sure you are writing and publishing within a niche that actually has a large audience. You need to study the market. You can study the market for both fiction and non-fiction to determine which categories, genres, and subgenres are hot niches and selling well, which is half the battle when it comes to marketing books.

I have two different tutorials at the links below. One will teach you how to do the research for yourself and one will show you how you can purchase reports that have done the research for you.

If you can nail your niches and write to market then after that it's just a matter of strategic monthly promos on the right sites to keep a consistent flow of traffic to your books.

Write to Market Research
https://youtu.be/bS3kHPEaiv4

K-lytics tutorial
https://youtu.be/H79o_aGIcSE


Answered 3 years ago

The three main online stores that sell eBooks are Amazon's Kindle Store, Barnes & Noble's Nook Store, and Apple's iBook store. Authors can also sell their books directly to consumers on their own websites. Since 74% of all eBooks are sold on Amazon, it is often the first or only place new authors think of to sell their work. And there are a lot of benefits to selling on Amazon. On the flip side, there are so many books selling on Amazon, including those from unknown new authors, that it can be hard to stand out from the crowd. Amazon demands that you exclusively sell your book through them if you want to take advantage of many benefits, such as the Kindle Lending Library and Kindle Unlimited. The biggest disadvantage of selling with Amazon, for many, is that they just do not like the way Amazon treats its authors. The bottom line is that you may sell more books on Amazon, but some authors do not feel like that is a good enough reason to publish there. Once you've decided where to sell your eBook, you're not done making decisions. You must decide whether to create and upload your eBook all on your own, or to pay an epublishing service or distributor to do it for you. For fees of $149 or more, these services can format your book and upload it to multiple different eBook stores. More than half of those is traditionally published authors. So, only around 1% of all the people self-publishing eBooks are making much money on it. One approach for ending up with more money in your pocket is to keep your investment low, so that even if sales are modest, you keep some profit. Others minimize their time investment by outsourcing the cover art or even the content. If your dream is to delight readers with your imaginative novel or win a literary award, you are not going to dash out an outline and hire a low-cost overseas writer to flesh it out. In the end, the answer is that you can make a living self-publishing eBook, but like a lot of business ventures, most people who try it do not cash in.
You can read more here: https://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath


Answered 2 months ago

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