How to Make Money By Writing and Selling eBooks

By MicaR | Online Venture | 21 Jul 2024


If you are a writer, you can earn in multiple ways, for example:

  • Blogging

  • Content Writer

  • Technical Writer

  • Book Writing

  • Article Writer

  • Copy Writer

  • Script Writer

Now, you might ask, where can you find writing jobs?

You can find writing jobs on freelancer marketplaces like upwork, People Per Hour, Freelancer, SEP Clerks, iWriter, etc. You can also sell your writing services through Fiverr, SEO Clerks, etc.

Why You Need to Start Writing Online

According to Statista, a site that publishes various kinds of data, there are more than 4.66 internet users worldwide, which accounts for 59.5 percent of the global population. Based on the past 12 months' data, the number of internet users grows by 600K every day. While China has a maximum number of internet users, about 979 million monthly users, Nigeria has the lowest internet users, more than 118 million people in Nigeria are not connected to the internet.

Based on the data provided in the previous paragraph, you can understand the kind of opportunity the internet gives you in terms of developing your career. If you want to work and earn online, there are various options to choose from, but if you ask me, I will say writing is the best method to earn online. I call writing, the best because it gives you unlimited opportunities.

Different Ways to Earn as an Online Writer

Every day new online businesses are sprouting, which is creating new jobs. There is a great demand for writers online because businesses need content writers, proposal writers, white paper writers, blog writers, copywriters, etc. as a writer. Not just businesses even a simple website needs writers to develop fresh content. Then there are sites that offer cash incentives to the users for posting on their sites. If you are a writer, you have unlimited opportunities to earn as an online writer.

Some of the popular ways to make money as an online writer are:

Blogging: You can start a free hosted or self-hosted blog and publish it on your blog posts. You can earn from ad revenue or selling products from your blog.

Article Writing: You can publish articles on various article sites like Hubpages, Medium, Read Cash, Publixh0x, etc.

Forum Posting: Forum posting is an easy way to make money online. You can join forums like Trendri, Bizdustry, Noise Cash Forum Coin, etc.

Freelancing: You can freelance through Fiver, Freelancer, People Per Hour, or Upwork

Copywriting: You can work as a copywriter for a marketing agency or get copywriting jobs through a freelance marketplace.

Book writer: You can write books and publish on Amazon or Barnes and Nobles

Best Passive Income Websites For Writers

If you are a writer and if you are looking for the best passive income websites, here is a shortlist.

Hubpages: It is one of the oldest writing sites on the internet. It has existed since 2006. On Hubpages, you can earn passive income in various ways.

Medium: Medium Partner Program is limited to a handful of countries but it is available in your location, you will find Medium to be one of the best residual income sites to make money by publishing articles.

Vocal: Vocal pays when people read your article, you can get $4 per 1000 reads on average. If the content is useful and interesting, you can build a good passive income from Vocal.

Read Cash: Compared to the aforementioned sites, this one is relatively new, but it is one of the best sites to make money as a writer.

Publish0x: This is a site to earn cryptocurrency by writing articles

Hive: This is a platform where you earn crypto by writing articles.

Note: You need to remember one thing, though. You need to work hard, you need to be patient.

First published on Trendri in author's name

How to Make Money By Writing and Selling eBooks

Writing ebooks and selling ebooks are some of the popular ways to make money. You can write ebooks for clients and earn upfront payment, as well as publish ebooks and earn royalties from your ebook sales.

There are a lot of platforms that allow you to publish ebooks and paperbacks. Kindle Direct Publishing is probably the most popular platform for publishing books and ebooks.

Do you need to be a good writer to make money from ebooks?

In order to make money from ebooks, you don't even have to write an ebook. You can hire writers and then own the copyrights so that you can sell the books. You can also try acquiring reseller rights for the ebooks you want to sell and make money by reselling ebooks.

Selling eBooks: Is it Easy to Earn By Selling Books and eBooks?

Let us not confuse ourselves. Just because you have published a book through Kindle Direct Publishing does not mean you are going to earn passive income. In order to earn from books, you need to sell a lot of copies, not just 10-20 pieces but hundreds of thousands. That will happen only when you can spend a lot of money on advertising.

If you are good at writing and if you are good at marketing, you can earn well from your kindle books. I know a lot of people who are earning well by publishing on Kindle Direct Publishing. You can earn 70 percent royalties from your ebook and about 30 percent from your Print on Demand book. You can also publish audiobooks.

How to Sell Your ebooks: The Marketing Tactics That Work

A lot of people hire virtual assistants to do fake reviews of their ebooks and try to manipulate the sales. Well, you cannot justify your actions like reviewing books or other products for money and only highlighting positive points in order to generate sales. Customers are not as dumb as you think. They know which review is a sponsored review or fake review and which review is a genuine review. When you are highlighting only good points, and you don't speak of any negative points, customers will be suspicious. A better approach is to give your books for free for a few days in order to encourage people to leave a review. A lot of people will reciprocate the writers who give books for free.

Instead of hiring virtual assistants to do fake reviews, how about asking your friends and family to read and review your book and post genuine reviews? Well, this does not sound genuine (because you are asking for a favor instead of depending on genuine reviews), but this can help you generate sales. Or perhaps, paying people to review your books and generating a lot of reviews (not recommended)

How to publish eBooks and Make Money

Kindle Direct Publishing (KDP) is Amazon’s book publishing platform for indie writers. It is absolutely free to use. You can earn up to 70 percent royalties from your published books.

Before you head towards KDP to register an account, make sure you have your manuscript ready to be published.

After creating your account, go to your dashboard and start filling up the form. Fill in the necessary details; upload the manuscript and the cover. Your book will go online in less than 48 hours. Now, start promoting your book. You can even run ads on Facebook or Amazon to drive sales.

Apart from book promotion, you don’t have to do anything to earn from your book. If your book is interesting and if you promote to the right audience, people will buy your books. You earn royalties from each sale.

On Kindle, you don't sell books for pennies. Kindle suggests you price your book at least $3 and you will earn 70 percent of your cover price which means you will earn $2.10 per book. Isn't that amazing? I am giving an example of earning on the lowest-priced book.

First published on Trendri, in author's name

How to Publish eBooks and Paperbacks on Kindle Direct Publishing?

About 25 years ago, Amazon started selling online. Books were Amazon’s initial products. Just in two months after the operation, Amazon was already selling 45 countries. In the first year of operation, Amazon already had one million customer accounts. In the first year, Amazon made $15.7 million. Between 1995 and 1998, Amazon was selling only books. In 1998, its revenue was $610 million. In 1998, Amazon included computer games and music to its inventory.

In 2007, former Amazon employees started Flipkart in India. The online store also sold books in the initial days. In 2017, Flipkart acquired Indian subsidiary of eBay. In 2018, Wallmart bought 77 percent of FlipKart stakes for $15 billion. This was the biggest ecommerce deal.

Even though Amazon and Flipkart are selling lot of items, books still constitute one of the major revenue sources. It is difficult to say how much money Amazon earns worldwide by selling books, however, in August 2020, Amazon’s revenue from book sales in the US was $36.2 million. Likewise, in 2019, Flipkart revenue was $6.1 billion and how much of that revenue was earned through book sales is not known, however, in 2018, Flipkart had announced that it was refocusing on book sales.

Self-Publishing Platforms for Indie Writers

Examples of Amazon and Flipkart were given just to illustrate the importance of book market. Seeing the growth of book market, a lot of companies also launched self-publishing platform for indie authors. Self-publishing platforms are the platforms where a writer can publish ebooks and paper backs and make money by selling books online. There are a lot of self publishing platforms, and some of the reputed self-publishing platforms are Kindle Direct Publishing, Barnes and Nobles, Lulu, Smashwords etc. These are free publishing platforms. You do not have to pay money to publish your books, however, you can make money by selling your books. You pay commission to these publishing platforms only when your books are sold.

Book publishing actually is one of the best ways to make money. If you are a writer, you should definitely publish your books, whether in ebook formats or paperbacks, in one of the aforementioned self publishing platforms.

Publishing eBooks and Paperbacks on KDP

If you have already written a book, or want to write a book, I suggest you to use Kindle Direct Publishing or KDP in short. KDP is a self publishing platform from Amazon. Currently, Amazon controls 64 percent of book sales worldwide. Therefore, it is lucrative to publishing on KDP compared to other self-publishing platforms. On Amazon you can publish ebooks, paperbacks as well as audio books.

In the past, Amazon had three different programs for writers to publish ebooks, Paperbacks and audio books. Amazon Kindle was specifically designed to publish ebooks. Createspace was for print books, and ACX was for audio books. Amazon phased out Createspace and now it has Kindle Direct Publishing for ebooks and print books and ACX for audio books. Print books and eBooks published on KDP are sold through Amazon and audio books are sold through Audible.

Publishing on Kindle Direct Publishing: Is it Profitable?

Just by publishing on KDP, you don’t make a lot of money, you will still have to work on promoting your books. You will earn commissions on each book sold. Therefore, you will have to work on generating sales. 

How to Make Money by Publishing Books on KDP

Kindle Direct Publishing, or KDP in short, is a self-publishing platform from Amazon, where writers can publish their original books as ebooks or paperbacks and make money. There are a lot of self-publishing platforms, however, KDP is simply the best. You can not only earn up to 70 percent royalties, but also sell through Amazon, which controls 64 percent of book sales worldwide.

If you want to learn How to Publish eBooks and Paperbacks on Kindle Direct Publishing check this post

How to Generate Sales for your Amazon Book?

If you are thinking about publishing on KDP, the first thing you need to know is how to sell your Amazon books.

A simple answer is to reach out to your friends and family. Request your friends and family to buy your books and leave positive reviews. If you manage to get some sales and positive reviews, your book will appear in the trending section of your chosen category. This will encourage the buyers to check your book.

Friends and family can help you gain early traction, however, that’s not enough. You need more sales. In order to generate more sales, you can offer your book for free for a limited time. The idea is to top the list of trending books and also get more positive reviews. Giving your book for free for a limited time will help your book gain exposure.

How to Promote Your Amazon Book

If you are a first time author, it is really difficult to generate sales. That’s why you need to promote and market your book through paid promotion. You can advertise your book on Amazon, Facebook, or any other platform of your choice.

Advertising on Amazon

When you are advertising on Amazon, you can choose to advertise on Amazon.com or any other Amazon marketplace of your choice (Amazon UK, Amazon India, etc.) Amazon offers various types of ads, such as Sponsored Products, Lockscreen Ads, etc. When you choose Sponsored Product ads, your book will appear when the customers make search using your targeted keywords. Lockscreen ads are targeted towards the users who use Kindle E-readers or Fire Tablets. The best thing about Amazon ads is you pay only when the customers click on your ads. You can choose your pay per click rate and daily budget.

Advertising on Facebook

Facebook ads are effective only when you choose the right demography. You will have to target your ads towards the people who are interested on the topic of your books. If you have never used Facebook ads, experiment with $1 daily budget for 7 days.

Conclusion: Can You Actually Make Money by Publishing on KDP?

Yes, you can make money by publishing on KDP and selling via Amazon. However, money does not come easily, you will have to work hard to generate sales. Publishing on KDP is free. If you have a manuscript ready, you can publish your book in less than 5 minutes. Generating your first sale is a hard nut to crack though. If sales begin to pick up, you will make money in your sleep.

You can publish on any genres, including erotica. However, your books need to be original, and never published on other platforms.

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MicaR
MicaR

Web Designer and Content Creator


Online Venture
Online Venture

A blog on Business, Finance, and Making Money Online. The blog offers useful and interesting articles on how to start and run a business and how to make money online.

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