How to Write eBooks and make money using Amazon and Co.
More individuals are now consuming books in digital format than in physical format. By the end of 2020, and over $17.5 million by 2025, Statista forecasts that eBook sales will exceed $14.6 million. This steady eBook market growth has created opportunities for individuals to earn a passive income by producing and selling eBooks on websites such as Amazon, Blurb, E-Junkie, and so on.
In eBook publishing, there’s good money to be made. For example, Amazon estimates that thousands of writers have taken home more than $50,000 from selling their eBooks on the platform in 2019. The fact that thousands are doing it is ample evidence that, if they are committed enough, everyone can do it. The best part of self-publishing and selling your eBooks on websites such as Amazon is that it’s relatively cost-free.
If your book is written and edited by yourself, the time it takes you to write and edit the book is your only investment. This helps just about everyone to become an author.
Another good thing concerning this concept of business is that to make money selling eBooks, you do not even get to be a good author. On sites like Upwork and Fiverr, you’ll be able to simply use an author, have them write the book for you, then sell it and make money.
To make money from selling eBooks, you need to …
Validate what to write and how to price it with an eBook
You need to write about something people are interested in reading to make money from selling eBooks. The problem is, how can you find out if the concept of your eBook is a good one?
Your eBook concept needs to satisfy three main requirements for your eBook to make money:
- A pre-existing demand for the concept should be in place.
- People willing to pay for the idea should be present.
- The competition for the definition needs to be fair.
You should raise yourself the subsequent 3 queries to decide if your eBook thought satisfies these 3 conditions:
Are there individuals looking for my idea?
If people are looking for books similar to your concept, this indicates that the book you want to write has an existing market.
It is to perform a keyword study using a tool such as SEMrush to determine whether people are looking for books related to your idea. This will send you the number of people per month who search for keywords relevant to your idea.
This is a positive sign if enough people are looking for keywords relevant to your idea, and you can move on to the next question now.
Are there any individuals willing to pay for the idea?
Sometimes, people may be looking for data but may not be willing to pay for it.
This is why you need to confirm whether money is being made by other authors within the niche. If they’re not, chances are high that you won’t make any money either.
Go to the Amazon Kindle Store to find out whether other writers are making money and check for keywords relevant to your idea to find similar books by other writers.
