Introduction to how to make money from eBook business
Do you wish to start an eBook business from home? This is the best platform and here’s a detailed guide on how you can start eBook writing business with no investment almost and make money online. This article will walk you step by step through the development of a profit plan for your business. This will help you increase your profits. It is a simple, practical, common-sense strategy, but amazingly enough, only a small group of smart business owners uses it. Writing your eBook is one of the best ways to make money and earn passive income.
A guide on how to make money from an eBook business
First of all, let’s discuss what is an eBook? EBook is the book published online in electronic form. It was introduced in 1990. And in 1992, Sony introduced the first Data Discman. It could read the books on CDs. And it is growing rapidly. Saying eBook business profitable is needless. Additionally, one can start the business from his or her home location investing very little or no money.
Even, if you already have a home business, you can earn more money with the eBook business. Let us discuss how to start the eBook business and how you can make money from the eBook business. And there are several options available for selling your books. However, for that, you have to create the books first.
Here, we have discussed a step-by-step guide on how to start a profitable eBook business for making money.
Step1: Finding the content
Whatever you know is your content.
- Any knowledge you’ve got floating around in that brain of yours can turn into an eBook
- Everyone in this world has some sort of knowledge and skill in specific subjects. And you can write a series of books on the subject that you know
- Even stuff you don’t know but have an interest in learning could be an eBook
- Read a dozen books on a topic you’re interested in.  Take all the important or recurring themes from every book and package it into an eBook
The global eBook market is fully saturated. There are a lot of eBooks you can find on the web. Therefore, choosing the right topic is most important to get noticed.
As an example, if you are a good baker and you enjoy making cookies and biscuits, then you can create a series of books on making different types of cookies and biscuits. It is always better to start with your expertise.
Step2: Creating eBooks
In starting an eBook business, you will need to have a PC with an internet connection. Also, you will need to use some software solutions for creating eBooks. You must explain the topic with simple sentences. Always remember, on the internet people generally look for valuable pieces of information. Hence, you must create an eBook as the most authoritative resource on your subjects.
After creating the book completely, you have to select a self-publishing platform for making it available on the web. Nowadays, you can find several self-publishing platforms available for eBook writers. However, Amazon’s Kindle Direct Publishing (KDP) is the most popular platform these days. You can publish the eBooks on a single platform or on multiple platforms too.
Step3: Create your outline
The more detailed your outline is, the easier it will be to write the eBook.
A simple way to create a thorough outline is to take all the highlights from your content research and put them on individual note cards.
Also, take all the missing bits you collected from reviews and add those to note cards.
Step4: Editing your eBook like a pro
The easiest and cheapest option is to edit the book yourself.
While Scrivener, Google Docs, and Word all have decent spell checkers, you’re going to want to run it through something more robust.
Use a tool like Grammarly.  It’s a free program that not only checks to spell, it makes sure the word choice is correct based on context.
Step5: Designing the cover
You want to make sure yours looks professional and stands out from the crowd. A quality cover makes your eBook look professional. Â It shows like a business and the content inside is of high quality.Â
Step6: Formatting, pricing, and an enticing description
Formatting
Once the eBook is written, you’re going to need to convert it to the Kindle format before publishing. If the eBook was written in Word, you can use Amazon’s Kindle Create.
It’ll help you:
- Preview and edit the eBooks as it will appear in Kindle format
- Edit and create your table of contents while styling your eBook
- Add professionally-designed themes to make your eBook look better and easier to read
Pricing
The price can be whatever you want it to be.
Fix the price of your eBooks carefully. For instance, you can check the price of your competitors on the same subject.
Most people read eBooks than physical books because of the price included. This is where eBooks have a distinct advantage.
Description
A good description will go a long way.
After the title and cover, the eBook description is the next important thing that your potential buyer is going to see. You need good description to attract them to buy the eBook.
Take your time! This is an important one to get right.
Step7: Promote your eBook business
After creating successfully, you must promote your books. Like any other business, you must have a marketing potential for eBook business too. However, in today’s digital market, you can find numerous options for promoting your eBooks. Here, we have provided 4 most amazing and effective ways you can consider for promoting eBooks.
- a) Promote eBooks from your website
Creating a website is one of the most effective ways you can promote your eBooks. If you already have a site is well, otherwise, you can create one. Choose the domain name carefully and should have a good hosting plan. Create a sales page with a payment gateway.
Consider search engine optimization for your site. You must carefully do both on-page and off-page SEO. If you don’t know this, you can take help from experts. An SEO optimized site fetches more targeted traffic to the site.
- b) Email marketing
Email marketing is another great way of promoting the eBook. If you already have an email list, you can consider sending emails with the eBook links. However, your subscribers must have got an interest in the same topic.
- c) eBay selling
eBay is a great platform for selling eBooks. Most of the people search for eBook on eBay, other than Amazon. Check the eBook sections and read the guidelines first. It helps you in listing the book on eBay.
- d) Social Media Marketing
Nowadays, social media is the most powerful platform for connecting people. Hence, you must carefully consider popular social media platforms for promoting your eBook. However, you will get the success quickly, if you already have a decent number of followers who are interested in the same topic.
For any individual eBook writing and publishing are a self-rewarding business. However, it involves deep research and proper promotion to get success in the business. Moreover, eBook business demands a detail-oriented creative mind with passion and dedication.
Step8: Sell your eBook
Taking the next step to sell eBooks online is of the following ways:
- a) Crowdsource your audience
Crowdsourcing is a marketing technique that is showing up more and more in business. It is a process where collective mobilization is used to generate interest in a community by showcasing a service or product. Put simply, it is the thing you do before you sell your product.
- b) Come up with a fantabulous title
If you have a few book title ideas moving around in your brain, give the chance of choosing a title to your fans with a Facebook poll. Ask them to sort out which ebook title best resonates with them. And then ask them why? Remember, they are the ones who will be buying your book. Their input is vital.Â
- c) Include the link to your eBook in your email signature
Don’t underestimate the power of an email signature. This small, but mighty tip can earn you sales you never expected.
Including the link to your book in your signature is a subtle but powerful way to share your work with the world.
- d) Guest blog for exposure
Guest blogging is one of the most effective grassroots methods to gain exposure for your book.
Of course, this means that you’ll have to spend some more time writing, but that’s a good thing – it never hurts to continue to file your craft.
- e) Offer the book as a freebie
I know what you’re thinking: how on earth can I make money from an ebook if I give it away for free?
Think big!
In exchange for an email address, if you offer the book, you’re still winning. Building your email list can prove more valuable down the road as you prepare to different books, sell programs, or any other shiny gadget you have.
In case if you miss this: Real Ways to Make Money from Home.
Who can start an eBook business?
Simply, anyone who wants to earn money online can start this business. Even the business is perfect for both full-time and part-time income alternatives. The business is most suitable for teens, students, housewives, stay at home parents, and seniors.
Apart from making money, eBooks have other advantages too. Generally, eBooks are very effective to get traffic for your website. The link you put on the eBook can bring the targeted users to your website. Hence, if you already have a website or blog, you can effectively use eBooks to get traffic.
How much money will you make writing eBooks?
You can sell your book for whatever price you like but you have to check with your competitors too– and you can alter the price to test different tactics – but the ideal price depends on your content, book’s length, reviews, and competition.
It’s a low-cost, low-risk business opportunity that has a huge upside!Â
Best place to sell eBooks online
Following are the best platforms to sell eBooks online:
- Payhip.com
- Selz.com
- Fiverr.com
- Amazon.com
- Feiyr.com
- Blurb.com
- Google Play
- E-junkie
Some Dos and Don’ts for a successful eBook
Making money from ebooks isn’t automatic. You can’t just put anything in it and hope to profit. It’s not a difficult task, but you should follow some best practices to make sure your eBook draws attention from readers and generates sales.
Do’s for a Successful eBook
Choose a topic you know about
You want to write with passion, authority, and confidence. It’s not a good idea to pick a topic just because you think it might be a best-seller. Remember, you can always outsource the writing to an expert as well.
Create a professional layout and cover
Just because you are self-publishing doesn’t mean you want it to like an amateur did it.  If you’re not an artist or a photographer, hire a graphic designer on a site who is to create a good-looking cover based on your direction and input for not much money. Remember, you only get a chance to make a good first impression, and that cover is going to be what your potential readers see first most of the time.
Don’ts for a successful eBook
Don’t make your writing flowery and complicated
Make sure all your text is easy to read and understand. It’s better to write conversationally and not in an academic manner. Many experts suggest that you should write at an eighth-grade writing level.Â
Don’t get overwhelmed
Just because you’re writing a book doesn’t mean you have to stress out. With a plan in place, you can finish your work and put it on sale.
Don’t forget about proofreading
Double-check for grammatical errors and misspellings. Make sure you have a trusted one who is willing to clear all the errors or even professional proofreader go over your eBook before publication. There is nothing worse than releasing a book full of errors.
Tips for making money from your eBook
You may also check this: Cost to Start KFC Franchise in India.
- Startup with a topic that you are passionate about
- The title should be a killer
- Write your eBook to a high standard
- Use images in between the content
- Don’t forget to read through your book
- Choose the best-value publishing platform for you
- Converting and uploading your book
- Develop a marketing strategy for your eBook
- Enter your eBook into writing competitions
- Publish a series of eBooks
Best ideas to write an eBook
- Your original novel, poems or short stories
- Your old essays or a study guide for your subject
- A practical guide about something you know well
- City guides or a collection of your favorite walking routes
- If you’re fluent in another language, team up with another writer and publish a translated version of their work
Conclusion of how to make money with an eBook business
Writing an eBook seems challenging, but all the barriers are gone. No one is telling you how long it needs to be, what you need to write about, or even what the title should be. All you need is the desire and discipline to do it.
There is something you have knowledge on which can turn into a few thousand words that someone is willing to pay for.