$500/Month Passive Income
When is the last time you read an ebook? If you love to read or learn new things than it probably wasn’t too long ago. And have you given much thought to the fact that you can make money by creating and selling an ebook too? You should, because it’s much easier than you think!
Can you make a passive income by creating and selling an ebook? Unlike what some people might think, creating and selling an ebook is very easy, and there are ways to do it for free. There are many people out there who are making good money off ebooks they wrote several months or years ago. You too can be one of these new age authors.
Did you know that there are ebook sellers who make hundreds of dollars every year off the books they have created? Some of these books can be created in a day, and from there, all you have to do is offer it to the right audience and sit back as sales roll in. Here is a look at how you can make this happen.
Passive Income Creating & Selling an eBook
1. Finding an Awesome Niche
2. Serving Your Target Market
If you do not yet have an audience, one way of validating your eBook idea is by joining Facebook groups in your niche and then posting to the group. Something like “hey, I am thinking about writing an eBook about [insert your niche idea here] – what do you guys think? I would love your opinions. ” People will write back with what they want to know. If you get a lot of interest in a specific Facebook group, you may have found your target audience.
You might be passionate about the subject you are writing about, and yes, you might know plenty to write the entire eBook from experience or the knowledge you already possess. But even so, go the extra mile to give your readers greater value. Make sure you know the subject you want to cover in a lot of depth so that your book can have refined information that gives the reader high-quality details they would get nowhere else (especially in a free blog post). Write from your own experience, add statistics, and exclusive video content to go the extra mile.
3. Writing The Book (For Free)
But if you don’t have the time to spend writing, you can always outsource the work to a ghostwriter. Luckily, you can find very skilled writers online these days, and with a little guidance from you, they can come up with fantastic eBooks on your behalf. Obviously, although this option is the most passive, it also costs a little more since you have to pay a ghostwriter. We highly recommend Fiverr for low-cost, high quality ghostwriters. Learn more about Fiverr by clicking on the button below.
4. Selling Your eBook Online
Thanks to Google Sheets, it’s easy to save your eBook in a PDF format or as an ePub file depending on where you would like to sell it. If you would like to sell it on Amazon, ePub will be the right format. If you would like to sell it in your own online store, PDF will do just fine.
We highly recommend Ecwid eCommerce to sell your eBooks online. The entire process can be automated thanks to Ecwid’s awesome eCommerce tools. You can even embed your Ecwid store to your existing site if you already have a website! Learn more about Ecwid eCommerce by clicking on the button below.
Marketing to Your Audience
If you already have an audience that is interested in your eBook, it will be easy to announce that you are launching your sale and to start making money from it. However, if you do not yet have an audience, you can also try other arrangements that can help you make money off the book. For instance, an affiliate deal with a third-party site whose audience would be perfect for the content your book offers. Building an audience using a blog is also an excellent way to promote your eBook. You can learn more about how to drive traffic for sales in Project 24.
Writing A Compelling Description
Making an Awesome Cover
How Passive is Creating and Selling an eBook?
Believe it or not, you only need a little money to get into the ebook business. For instance, if you can write the book yourself for free using Google Sheets and Canva. Not hiring a ghostwriter would save you money. You can also sell it on Amazon for free. If you decide to sell on your own website, you may have hosting and eCommerce fees. All in all, the cost of these services can come to less than $200/year. But otherwise, as long as you have a computer and the right research tools such as an internet connection, then you can create an ebook and market it.
Return on Investment
Can you really make money creating and selling eBooks? You can make money from selling an eBook, and many people do. Thousands of people sell ebooks and make hundreds of dollars every year doing it. As long as you undertake the entire process in the right manner, there is nothing stopping you from making a decent amount of money off this venture.
How can I make money writing eBooks? You can make money selling eBooks by creating them and then selling them online. One way you can do this for free is by using Google Sheets (dictation) and Canva to create your covers. These are free tools that can allow you to create a stunning eBook in no time.