Is your dream to write an eBook and live off the sales of your ebooks? You might just want to consider some of the lucrative options available to you. Not only can you write and market your book yourself, but you can also become a full-time marketing and writing consultant, ghostwriter, or novelist — all at the same time! How can you possibly keep up with all of this? Let’s examine the various ways you can make money online from writing an eBook.
If you’re a skilled writer and you want to put your talents to work for you, you have several options open to you for self-publishing your book. You can do this manually, or you can use a specialized tool to help you along the way. If you go the DIY route, you’ll need to invest in good quality paper, print quality fonts, and top tier publishing software. You’ll also need to consider your budget and how much you want to spend on this venture. Self-publishing an eBook is not for the faint of heart!
If you’re fortunate enough to be an established writer with a considerable body of work under your belt, you can look toward traditional publishing for lucrative book deals and the opportunity to scale your income quickly. There are several major players in this space, all of which offer competitive royalty rates and the promise of big name celebs on the cover of your book. While this may seem like an attractive option to you, you must realize that you’ll be working with a large corporation that may not share your vision or you’ll end up in an unsatisfactory relationship. Plus, the stress and pressures of going through the gauntlet of a typical publishing house may be a tough sell.
If you’re a strategic thinker who enjoys using your skills to make money, you can become a book publishing consultant and advise large corporations on the effectiveness of their current strategies and how to implement new ones. If this sounds like a job you’re passionate about, you can start your own book publishing consultancy and take on a variety of projects for fortune 500 companies.
As a consulting book publisher, you’ll need to take time out of your schedule to meet with clients and run some errands for them. While this may not seem like a full-time job, you must consider that you’ll be able to scale your income rapidly through this venture. And best of all, you’ll be able to use your skills to make money directly from the content you produce.
Writing and Marketing a Blog
If you’re a talented writer who’s always had an eye for business, you can use your skills to make money online through a side business or full-time job marketing and writing blogs. You’ll need to consider whether or not you want to write about products that are related to your area of expertise or if you’d rather build a following around a focused niche.
Blogs can be quite the lucrative venture, as long as you’re able to acquire a decent sized audience. You’ll need to consider your niche, the length of your articles, and how often you plan on publishing to determine how successful you’ll be with this route. Remember, the more you put in it, the more you’ll get back. Building a strong blog around a focused niche may be the way forward for you if you want to make a quick buck or two!
Become a Ghostwriter
If you’re a prolific writer who can churn out quality content at an efficient rate, you can look toward ghostwriting for lucrative projects. You’ll need to establish professional relationships with publishers, authors, and businesses who need someone to ghostwrite an eBook, white paper, or business plan for them. While this may sound like a glamorous option to you, keep in mind that you’ll be spending a lot of time writing content that will likely never be seen or heard from again. Make sure you’re comfortable with the idea of spending years of your life writing content for other people.
If you want to write a bestselling book one day, you can start a blog and build up a sizable audience. Once you reach a certain threshold of online visibility, you can publish your first novel successfully and become a full-time novelist. While this might sound like an impossible dream, it’s definitely a lucrative one. And best of all, you’ll be able to draw from your experience as a blogger or online marketing consultant to inform your work.
As a self-starter author who loves to write, you might just want to consider this as an option. The sky is the limit with regards to what you can write about, and if you can build a small audience, you can quickly scale your income by authoring bestselling novels.
The Bottom Line
In summation, there are several options available to you if you want to make money from writing an eBook. Not only can you self-publish, but you can also pursue traditional publishing, consulting, or become a full-time novelist. Ultimately, you must decide what you want out of this endeavor, as money is certainly not everything. Nevertheless, if you want to earn a quick buck or two, you may want to explore the self-publishing route.