Today you are going to learn EXACTLY how to make money selling ebooks.
In fact, these are the applied and proven methods that have helped me to create a passive income creating and selling ebooks.
The best part?
Everything here is working GREAT right now.
So let’s get started to make money selling ebooks.
The first thing You may be wondering Why Ebooks and not Paperback?
Why I recommend Selling an ebook to make money is because you can quickly gain traction and earn a living if you follow proper steps.
And the paperback market is competitive and for a new author, it is difficult to break that barrier of highly successful authors and become famous.
Though it’s not impossible, it will require a hell of an effort as well as an amazing book.
The advantage of publishing and selling an ebook is that you will spend a lot less money and return will be greater.
As every coin has two faces so does ebook and paperback versions.
But considering the amount of money you can make selling ebooks as a new author is slightly higher. So you can step up.
And the best thing about creating an ebook is that if you want at a later stage you can even produce a paperback version without doing much work.
Even an ebook version is required if you want to create an audiobook.
Now considering such advantages let’s roll into money-making.
But before even you begin you have to consider these factors for creating an awesome ebook that sells like a hot cake.
How To Write An Ebook And Make Money?
So here’s how to write your own ebook and make money.
1. Niche Selection
You have to do proper research on the niche (topic or category) you are going to write about.
Select a niche which involves good audience reach as well as you should be Passionate about it.
If you go into writing something that you love and have a lot of experience in that field you will be able to create an amazing ebook.
Don’t go writing about what your friend or somebody else suggested you and you don’t have any idea how to proceed to that topic.
One of the advantages of choosing a specific niche because it makes easier for you to become an authority in that particular topic.
When you want to read detective and crime novels the first name you will think of is Arthur Conan Doyle.
This is because Arthur Conan Doyle established himself as an authority in the detective novel.
This is the power of choosing a niche.
But in choosing the niche for your next book don’t go to narrow.
Aim for broad genres so that there will be audience potential so you can sell more ebooks.
Pro Tip: If the book ranks under #10,000 in the hundreds of thousands of books available on Amazon, it means there’s good potential traffic on the subject for you to capitalize on.
In case you are writing a non-fiction ebook make sure that you should solve the problem of your audience for what they are looking for.
Compile the very best knowledge and information that can solve your reader’s problem.
You know none of these books will make to the “New York Best Seller List” but will surely make a hell lot of passive income over time.
2. Research The Most Searched Category
When you self-publish your ebook on Amazon it is best to do some keyword research around your book topic.
Keyword research will give you an approximation of your audience and you will know whether your selected topic/niche has any audience or not.
Keyword research is important because that’s how people are going to find your ebook on Amazon when they will be searching.
Setting these keywords in Book Title, sub-titles, and product description, and on tags will make your ebook appears on page one of Amazon for the selected keyword.
Thus you can expect higher sales and earn organically without spending a single penny on marketing.
Even having proper keywords can help you appear on the first page of Google which has the huge potential to drive free traffic.
It can also result in higher sales for your Ebook.
3. Hire a Professional Editor and Proofreader
After finishing writing your ebook make sure to hire a professional editor and proofreader for your manuscript.
Even though you are a native speaker of a particular language you are prone to make mistakes.
nobody is perfect but your ebook should be perfect.
This is because when somebody reads your unedited published ebook and finds a mistake in Grammar, punctuation, spelling, etc they will not take you as a professional author and may even don’t buy your books in near future.
So hiring an editor and proofreader is required.
An editor not only checks for error but they also suggest some meaningful insights that you may have missed like sentence phrasing, proper use of words, use of copyright materials, etc.
And the work of proofreader is to checks for the error in your manuscript.
Combining them both can result in a professional ebook manuscript that can make you look more professional and established author in the eyes of your reader.
Hiring an editor and proofreader doesn’t come cheap.
You have to spend here.
And this will 70% of your total expenditure.
You can read this article to know how much book editing costs to know more in detail.
But if you don’t want to spend or you are very tight on budget you can use some online tools to help you with your proofreading.
Some of them are:
- Paper Rater
These are some online tools that you can use to proofread your work without spending a hefty amount in hiring editor and proofreader.
Personally, I use Grammarly for proofreading my work.
Note: No online tool can give you a perfect result. Though it can 100% correct your grammar, spelling, and punctuation, it cannot completely understand your writing tone. These tools cannot replace a human editor and proofreader.
4. Having Catchy Book Title And Subtitles
Book title is the second thing that captures the eyes of the reader after your book cover.
So you have to spend some extra time thinking about the title and sub-title of your ebook so that it can give some hint as to what your ebook is all about.
Your book title will make or break whether your readers will click on the ebook and read the content or not.
The best practice to title a book is to write a short, sweet, and interesting title.
And even if you need more you can describe it in your sub-title.
Don’t ever use complicated words.
The more easy and meaningful your title is the more good it can do for increasing your sales.
Try to come up with 3-4 titles for your ebook and then ask for feedback from your family and friends whether they like it or not.
Its always better to spend time on having a nice title for your Ebook than to worry later why no one is downloading your ebook.
5. Design A Professional Book cover
We often heard the saying “Don’t judge a book by its cover”.
But everybody does.
Before any reader will click and read your amazing ebook the first thing they will notice is the book cover.
If they find the cover interesting and something that reels them in then only they will click to read more about the book and then later they will do the purchase.
So having an amazing book cover is still the key.
And to get such amazing ebook cover you should hire a professional designer who can design such an ebook cover.
If one thing where you should be spending money is on Ebook cover to get a quality design.
You can get professional graphics designer on freelance sites like Upwork, 99design, Fiverr, etc.
But before you order a graphics designer for your ebook cover you should explain your design which you have been thinking on to the designer so you can get the required result.
Still, if you don’t have any budget to spend on cover designing you can use these two sites to design your own ebook cover for free to a maximum of $1.
The sites which I have used and still using are:
6. Take Time To Write Awesome Description
Sometimes, Authors are so excited to publish their ebook in Amazon that they spend very less to no time on writing their ebook description.
Description section will be the third catch to make a final sell.
Though ebook cover and catchy title already made the reader halfway to purchase your ebook, description will let them make the final decision.
Take time to explain to your readers what your ebook content is all about.
Here’s the book description that sells.
This is an example of a book description from Mark Manson’s The Subtle Art of Not Giving a F*ck.
7. Promote Your Ebook
You cannot reach your target audience by just organic way.
You have to promote your ebook extensively.
Ebook writing is 20% of the task. Remaining 80% will be your marketing and promotion.
Promotion can be paid as well as free.
You can use Amazon paid ads to increase the reach of your Ebook audience.
And Amazon ads cost less and you can get higher returns as well.
You can even create Facebook ads to promote your ebook on Facebook.
This is the most widely used paid promotion technique and mostly all the authors use it.
If you have a right campaign the cost per click is even lower than $0.1.
As Facebook is the largest social network you will get exposure to a wide variety of audience for your genre.
The next option you can use for doing paid promotion for your ebook is to use Google Ads.
Though I don’t recommend using Google Ads for fiction ebooks.
But you can surely use if you have a non-fiction ebook.
Free Promotion Method for generating ebook sales
1. Share on Facebook Groups
There are Facebook groups for every genre.
So you can join these groups and can share your ebooks there.
Note: Not all groups allows sharing for promotional purpose. While some do on different days.
So share when it is allowed.
Even if some groups don’t allow you can always ask the group admin for sharing your ebook.
Sometimes they charge but a lot of times they can do it for free and just need a free authors copy.
2. Share Your Ebook on Different Social Media
Like Facebook, you should continuously share your ebook on Twitter and Instagram.
If you are active on other platforms then share on them.
3. Host Giveaways
Giveaways are the best way to generate quick buzz for your ebook.
Though giving away books will not make any money but it will surely help you to gain reviews.
Reviews also help the user in making a purchase decision.
You can give review copies to influencers on Instagram, Twitter, Facebook Group Admins, Book reviewers, Book Bloggers, etc.
And in return, they will share the review of your ebook on their respective platforms.
This promotion will definitely help you in bringing more sales as other people were promoting your ebook.
“Word of Mouth” is the best promotion technique that anyone can use.
8. Create an Audiobook
So now you have published your ebook. The next step will be to create an audiobook at a later stage.
This is a purely optional step, so if you want you can skip this step.
This is just an additional step to increase your revenue as Audiobooks are becoming more and more popular.
And the audiobook can only be created after you published your ebook.
So creating an audiobook will be an added advantage for you.
Though the creation and publishing of an audiobook is a complex process as you will be required to hire a professional voice-over artist.
Yes, you should not narrate your own audiobook.
This I highly recommend that you should get one narrator to create an audio version of your ebook.
Make Money Selling Ebooks By Giving Them Away For Free
When you publish an Ebook on Amazon you can set the price depending upon your wish.
So set it $0 for a few days.
Well, that may sound just opposite as you are publishing an ebook to make money.
Well yes, it is.
But listing your ebook for free on Amazon will boost your ebook presence on Amazon Kindle and you may end up in Kindle Bestseller list.
Though you will not make any profit out of it you will definitely reach a wider audience as everyone loves free Ebooks.
In return, you will also get reviews which is better in selling more ebooks in the future.
Run this promotion for only 5 days, not more than that.
Later change the price to something like $2.99.
Now when new readers will come to view your ebook they can see some reviews too on your page.
Thus it will help you sell your ebooks more easily and you can make money selling ebooks fast.
Make Money With Ebooks By Selling It Online On:
1. Amazon Kindle Direct Publishing
Selling ebooks on Amazon is the best and easiest way to make money without going through hardships and struggles of traditional publishing.
I have a guide to publishing an ebook on Amazon that you can read to know more in detail.
Amazon KDP is the holy grail for people who wants to self-publish their ebook.
You can also utilize Amazon Audible to create an Audiobook version of your ebook.
My first recommendation is to choose Amazon Kindle Direct Publishing.
2. Google Play Books
You can also list your ebook on Google Play Books if you like.
This is still a good choice as all the android smartphones come with Google Books preinstalled so you can get some more downloads.
It also has the option to put your ebook for free.
So you can also use this option to promote your ebook.
Though it will not generate much of sales.
Do this at a later stage when you will your ebook sales become stagnant on Amazon or you have more audience who reads on Google Books.
iBooks are for people who have iPhone, mac, or iPad.
Publishing in iBooks has the most complicated process than many other platforms out there.
So I rather skip it.
But if you got the time you can give it a shot.
But better ignore it as it will not bring much on the table.
There are some other e-publishing platforms that you can use to publish your ebook.
Make Money Selling Ebooks On Your Own Blog
You know all the ebook publishing platform charge some commission and you will only get 35-70%.
But you can make 100% profit from selling your ebooks on your own blog.
This is tricky and is the final step when you already have some fan following.
I only recommend selling ebooks on your own website when you already established yourself as some authority in your niche.
You can create your authority either just by selling ebooks on a particular niche or you can provide some value and insights on your blog.
If you don’t have an Authors blog you should definitely get one.
You can use Siteground for creating your Author’s Blog.
The Most Important Step To Make Money Selling Ebooks Is:
If you write one ebook on the first month try to create more in the second month and so on.
You have to keep writing ebooks to create new things in the trending market.
Don’t limit yourself.
You just need one book to become hit.
And if it becomes the reader will go back to buy your previous ebooks also.
Thus one book can sell all of your books.
All you have to do is write, write, and write.
Never ever stop even if you didn’t get the required results or even if you didn’t make any money selling ebooks.
It takes time but selling ebooks can make good money for a lifetime.
This is the power of passive income and you can get it by creating and selling ebooks.