It’s no secret that many people want to write a book. The challenge, of course, is turning that book into money. For many would-be authors, that’s where the dream ends. They never make any money from their writing. In fact, they often spend a good deal of money, paying for editing, book cover design, and marketing, only to see their book languish on Amazon with zero sales.
There is a better way. It’s possible to Earn Money with Book Writing, but it requires a different approach. In this article, we’ll look at three alternative ways to make money with your book.
Self-Publish on Amazon
The first and most obvious way to make money with your book is to self-publish on Amazon. Amazon has transformed the book publishing industry, making it possible for anyone to publish a book.
The downside of self-publishing on Amazon is that you won’t make much money per book. The average book sells for $2.99, and Amazon pays 70% royalty on e-books, so you’ll only make $2.09 per sale. But if you can sell a lot of books, you can make a decent income.
Publish an E-book
If you want to make more money per book, you can publish an e-book. E-books are digital books that can be downloaded and read on a computer, tablet, or smartphone.
The advantage of publishing an e-book is that you can set your own price. Unlike with Amazon, where you only receive 70% of the list price, with an e-book you get to keep 100% of the sales price.
License Your Book to Course Creators
Another way to make money with your book is to license it to course creators. If you have a book about a particular topic, there’s a good chance that someone out there is creating an online course about that topic.
For example, let’s say you have a book about gardening. You could license your book to an online course about gardening. The course creator would then sell your book as part of their course.
This is a great way to reach a new audience and make money from your book.
Also Read: Traditional Publishing vs Self Publishing in India
Ghostwriting
Assuming that you already have a few ideas about what ghostwriting is, let’s move on to how you can actually start making money from it. In this article, we’ll be discussing the ins and outs of ghostwriting, how to get started, and how to make the most out of this career. Ghostwriting can be a great way to make money. It’s a relatively simple process, and it can be quite lucrative if you do it right. This can include anything from articles and blog posts to eBooks and even speeches. The key is that you’re not writing this content for yourself; you’re writing it for someone else who will then put their name on it.
Conclusion
These are three alternative ways to make money with your book. Self-publishing on Amazon is the most obvious way, but it’s also the least profitable. Publishing an
e-book gives you more control over pricing, but it’s still difficult to make significant money. Licensing your book to course creators is a great way to reach a new audience and generate revenue.
