Would you like to publish an eBook yourself and make money? We don’t blame you – it can make you serious money and This means that you can officially call yourself a published author. The dream.
Most people think that book writing is not an easy way to make money unless you are lucky enough to become the next J. K. Rowling.
But think about this blockbuster film The Martian (with Matt Damon)? It actually started out as a humble self-published eBook. The book’s author, Andy Weir, sold the novel as an Amazon Kindle book for 99 cents a copy. It didn’t take long for it to top the top-selling charts and it caught Hollywood’s eye.
Give or take a little Hollywood glamor That is all that publishing an eBook is: Take a text document, turn it into an eBook, and sell it – and we’ll show you how to get as much profit from it as possible.
How Much Money Can You Make From eBooks?
Producing an eBook can be ridiculously cheap, and often times completely freeand selling your own e-book can get you anything from several pounds a day to next to nothing.
The good news is that you have a lot of say in the matter potential revenueSo it’s worth taking a look at the totals:
- eBooks sell for somewhere in between 99p to £ 8.99 and above, but the business (and your publishing platform) will take on a portion of any sale
- You can sell your book at any price – and You can change the price to test different tactics – but the ideal price will depend on the length, reviews, and competition of your book
- If you have money to invest (or crowdfunding to pay for), you can spend money on additional marketing for your book to increase its chances of success, but there are many ways you can market it for free, such as on social networks Media.
How to Maximize Your eBook Profits …
Tips for making money from your eBook
To Make As Much Money As You Can Selling eBooks, Follow These Steps:
Choose a popular topic for your eBook
We encourage you to write about something that you are really interested in, rather than just picking a topic that you think you will make money from. When you have a book idea and feel like you would buy it yourself if you saw it in a store, you are on a winner.
Your readers will be able to tell if you are passionate about the subject and it will be much easier for you to get the words down on paper too.
Pick a topic that you’re genuinely interested in, but it’s also worth checking out what sells. Visit your local bookstore or check out bestseller lists on Amazon, Waterstones, and international sites like Barnes and Noble.
Fiction (especially erotic fiction) is by far the biggest seller in the eBook market, but that doesn’t mean other areas aren’t profitable either – it’s about finding your niche.
For example, eBooks on religion and spirituality, and business and money, also do well.
Best ideas to write as an eBook
• • Your original novel, poem, or short story
• • Your old essays (check with your university first!) Or a study guide for your subject
• • A handy guide to something you know really well: live your budget, maintain your bike, create the perfect dating app profile – everything!
• • A children’s book (even better if you can illustrate it too) or graphic comics
• • City guides or a collection of your favorite hiking trails
• • Non-copyrighted books that are repackaged with notes, an intro or a translation and sold under your own masthead
• • If you are fluent in another language, work with another author and publish a translated version of their work.
Write your eBook to a high standard
The more time and effort you put into your eBook, the better it gets – and the more you can ask for it.
To make a high quality eBook, you need to be willing to spend months (or even years!) Writing it and then proofreading and editing multiple drafts until they are up to date.
Using free software to edit your eBook can go a long way in improving the quality.
We recommend downloading grammar to make sure you have no spelling and grammatical errors while writing. Try to get feedback on your writing from as many other people as possible.
It can take a while to write, but it is well worth producing good quality text. Not only does this mean you can add a higher retail price to your eBook, but your readers will also be more likely to recommend it to people they know, which (hopefully) means more sales.
We’ve written a complete guide on how to write and publish your eBook to get you started.
Choose the publishing platform that’s best for you
Once your eBook is ready to be published (yay!), That is the hard work nearly About. The next step in considering the best way to monetize your eBook is figuring out which publishing platform can make the most money.
Check out our guide to the best ebook publishing platforms for an in-depth look at the leading websites.
The guide includes information about Smashwords, Amazon Kindle Direct Publishing, and Apple iBooks Author, as well as some alternatives for using publishing platforms.
Develop a marketing strategy for your eBook
Just as it pays to spend time getting your eBook as high as you can, it is also worth putting a fair amount of your energy into marketing your eBook.
To make money off of your work it is very important that you speak up and your e-book marketing doesn’t have to cost you a dime.
Social media is an extremely powerful marketing tool. So it’s worth setting up professional accounts on major platforms like Facebook, Twitter, and Instagram that will focus on promoting your published eBook.
For inspiration, take a look at how your favorite authors present themselves online. Often times, with successful accounts, you can find a good balance between contributions about daily life as a writer, with commercials spread throughout their books.
In addition, it’s worth creating a website with your writing portfolio that states where to buy your eBook.
You can also contact book clubs directly to find out if they would like to read your text at a reduced price.
Enter your eBook for writing contests
After spending in order to If you spend a long time perfecting your eBook, you deserve a little credit for your masterpiece. Writing contests are not only amazing for kudos, but they often come with pretty good cash rewards …
Writing contests aren’t the easiest way to make money out of your eBook as they are generally very competitive, but they are definitely worth trying. We would recommend any writer to enter them.
A quick Google search will help you find plenty of writing contests year round. Remember that some only accept unpublished Entries, but sometimes you can find contests that are also open to entries from published authors. So keep an eye out.
Bonus: If you win contests, you can list them in your social media bios and on your website to build your reputation as a writer and attract more potential readers.
Publish a range of eBooks
When you publish a successful e-book and face a growing audience, you can write a whole range of texts based on the same characters or subjects.
The best ways to write an eBook series depend on the type of work you do (i.e., fiction or non-fiction). However, stick to your instincts about what feels right. Think about whether it would be a natural progression for your eBook to become part of a series of works.
For example, if your first e-book was a novel about the first year of college, readers would probably also like to read post-stories about the adventures of second and third year students.
Make sure that when you write a subsequent text, it is of the same high quality as the first. And most importantly, make sure that all future eBooks within a series have their own artistic value and are not just written for the money.
You could Make a whole lot more cash by writing subsequent eBooks, but only if your readers think they are worth their time and money. Otherwise, you could be looking at complaints, refunds, and bad reviews and no writer wants this.
Additional benefits of self-publishing an eBook
Of course, money isn’t the only benefit that comes with writing a book. Here are some other key benefits of self-publishing an eBook:
- Fast publication – Instead of waiting to find a publisher, contact them and be accepted by them by self-publishing your work as an eBook, you can massively speed up the sales process and have a full say in how and when it is published .
- Career boost – Bringing a book to market is a great work experience. This is an excellent way to enhance your resume for many careers such as publishing, retailing, sales, management, and marketing.
- Passive income – Even if you don’t become a millionaire, publishing a book can give you years of passive pocket money.
- Anyone can do it – Don’t be put off if you’re not creative or if you’re very knowledgeable about niche areas. All you need is an idea, a little lateral thinking, a lot of motivation and time. And this guide, of course.
Pay taxes on money you make from eBooks
The money you make every time you sell your eBook is called a royalty. As with any source of income, once you start making money over a certain amount, you need to contact HMRC. Don’t panic: our guide will show you how to file a self-assessment tax return if you need help.
Most publishing platforms operate internationally, which means you have potential customers all over the world! If you make money in other countries, their governments will also want some of your hard earned sales.
But doesn’t that mean you pay twice as much tax? Possibly, but the good news is that the UK has a number of Tax treaty in connection with different countries to prevent you from paying again.
Whether you can claim the tax treaties depends on your nationality, your place of residence and many other details, so we cannot go into the fine print here. But don’t worry – each publishing platform explains exactly what forms you need to fill out to deal with them.
Are you hoping to sell old books online? Our guide will help you make a fair amount of money from it.