Ebooks have made self-publishing more accessible than ever before. As recently as the 1990s, self-publishing meant paying thousands of physical books; The 1999 CNNMoney article cost $ 12,000 to $ 30,000.
Now that most of the books sold are electronic, you can self-publish for very little – even for free. But does this mean that you have a better chance of making money on that self-published book when spending was high?
It all depends on how you go about it, and how lucky you are. Let’s break down the process.
Where to publish
The three main online stores that sell e-books are Amazon’s Kindle Store, Barnes & Noble’s Nook Store, and Apple’s iBookstore. Some books are also sold on other marketplaces, such as the Kobo US Bookstore and GooglePlay Books. Authors can also sell their books directly to consumers on their website.
Apple’s iBookstore is gaining market share, and as you’d expect from Apple, the books published on this platform look beautiful. But while Kindle books can be downloaded on just about any device, readers can only use iBooks on Apple devices such as iPads or iPhones, which limits the market.
The nook seems to be squeezed out of two large eBook stores, and perhaps it should only be considered a secondary place to publish. The bottom line is that you can sell more books on Amazon, but some authors don’t think there’s a good enough reason to publish there.
How to publish?
Once you decide where to sell your ebook, you are not deciding. You will have to decide whether to create and upload your e-book all on your own or to pay a breeding service or distributor to do this for you. Top services include BookBoy, Smashers, and IngramSpark. For a fee of $ 149 or more, these services can format your book and upload it to many different ebook stores.
You can also hire editing and design professionals for these services independently.
What to publish?
Your e-book is all about depends on your goals. If your objective is pure profit, then there are methods to find out which topics are most likely to sell books. An anonymous author, who claims thousands of dollars each month to publish small e-books (about 20 pages), describes her process for choosing topics on The Hustle: “I find books that are good See their table of contents, and look at the negative reviews to see what they miss. “
This can be frustrating for any hardworking writer to listen to, but this successful entrepreneur states that sales are primarily driven by the cover image and book description: “[T] he most important part of the book’s content process. “
How to sell it
Once, the authors turned in their manuscripts just for publishers and left the company advertising and promoting. But nowadays book contract writers also advertise and promote themselves. Before you publish your book, consider the investment of hiring a publicist to let the media know about your upcoming release. If you are promoting it yourself, write about your upcoming book on your blog, and ask other bloggers to write about it as well. You can also create a new blog about the new book or its topic to drive traffic to your book.
Do not forget the old-fashioned advertising. Mark Dawson, who says he makes six figures selling his novels on Kindle Direct, pays $ 370 per day to advertise it on Facebook, according to Forbes. If you want to famous on Instagram in Brazil. You should buy Instagram followers Brazil
Will you make money
According to the website Authoring, out of the nearly 200,000 authors selling e-books on Amazon, only 5,000 – less than 3% – consistently earn $ 10,000 a year or better. More than half of them are traditionally published, authors. Therefore, only 1% of all people self-publishing e-books are making a lot of money on it.
This is to say that you cannot. One approach to end up with more money in your pocket is to keep your investment low so that even if the sales are modest, you still keep some profit. To protect themselves from investing too much time, some ebook authors suggest keeping books short – because people are likely to pay for a 20-page book or short story because they want a full-length novel. Are for Others reduce their time investment by outsourcing cover art (this man designs all of his covers on Fiverr) or even content.