Is there anything more traditional than an old-fashioned paperback novel?
Not any longer. Thanks to the rise of ebooks and the online world, there are now ways to produce money from content without necessarily having to resort to old-school print on paper.
So if you’ve got a passionate story to tell and the raw talent to back it up, this opportunity awaits. All you need is a computer and internet access to get started.
The Demand for Ebooks
Whether traditional or digital, paper books and ebooks aren’t going anywhere. In fact, they’re more popular than ever before. According to the Association of American Publishers, around 20% of US adult consumers read an ebook every week. That’s compared to 16% who read a traditional book. (1)
All of this is great news for authors and publishers looking to cash in on the ebook craze. Fortunately, there are now ways to make money from a writing career without necessarily having to write an ebook.
The Many Different Paths To Financial Success
While ebooks have become a mainstream method of consuming content, they’re certainly not the only way to make money online. In fact, the path to financial success is far from confined to one format. (2)
In the five years since the inception of Buzzfeed, the digital content company, the number of different ways to make money online has increased dramatically. (3)
In the beginning, Buzzfeed mostly relied on display advertising and affiliate marketing. (4)
But today, the company is most notably known for its amazing lists, which have been copied all over the world. You’ll often find lists of things like the richest people in the world, the biggest movie stars, the most expensive homes, and so on. (3)
However, Buzzfeed isn’t the only platform doling out hefty sums of money to content creators. (5)
The video-hosting website, TikTok, for example, pays its users in cryptocurrency and gives them a large volume of that currency every month. (6)
Pornography is also a lucrative field, especially if you can get popular enough with your content. The platform, Pornhub, for example, pays its users in cryptocurrency and lists different ways you can make money online from creating and starring in pornographic videos. (7)
The Importance Of Choosing The Right Platform
It’s essential to pick the right platform if you want to make money online. While it’s great that so many companies are willing to pay for content, not all of them are created equal. (8)
You need to make sure that the platform you choose allows for monetization or earns you a decent amount of money with enough content. (9)
If you’re worried that your chosen platform doesn’t offer enough opportunity for monetization, then you might want to consider looking for a new one. It’s also important to keep in mind the differences between the various platforms when deciding how to monetize your content. (10)
For example, YouTube restricts the types of ads you can run on your videos to those that match the content you’re uploading. (11)
If you ever wonder whether or not your content will be accepted by certain platforms, then it’s worth double-checking. You never know until you try.
The Different Types Of Content You Can Make
Depending on your expertise and the tools available to you, you can create a variety of content that will make you money online. (12)
If you have a specific niche or area of expertise, like real estate investing or sports handicapping, then you can certainly make some money from a blog providing advice and insight on those topics. (13)
If you’ve got a background in marketing or advertising, you can create content to promote products and services. You might start a blog reviewing products or hosting sponsored content where companies pay you to promote their products.
If none of the above sound like a fit, then you can always create content to simply entertain. You can use whatever tools you need to pull off these tricks, as long as you’ve got a computer and an internet connection.
Ebook Vs. Print On Paper
As we mentioned above, ebooks and print on paper aren’t going anywhere. However, if you decide to go the ebook route, you need to make sure that you’ve got the rights to your work. Otherwise, you’re risking losing a lot of money when you try to sell your book.
There are plenty of reputable publishing companies out there that know how to properly handle and market a book. And let’s not forget about all the traditional ways of making money off a printed book. You can become a bookseller, an independent publisher, or even start your own publishing company. (14)
So if you’ve got a novel or a book you want to publish, consider all the different ways you can make money from a writing career.