How To Make Money Writing Ebooks - Make Money Writing

Orna Ross, who leads the Alliance of Independent Authors, has published short e-books of poetry and meditations, and is satisfied with lower sales figures more realistic for those genres. Pricing e-books in the digital cyclone sweeping the industry is, by most accounts, trial and error. Everyone is swimming very fast, because nobody has the answers when the ship of publishing is overturned in the typhoon.

The good news is that self-publishing authors have the power to be very competitive in the e-book marketplace. Even with the U. Self-publishing e-book author and speaker Elle Lothlorien has done a lot of experimenting with pricing through Amazon.

Can You Really Make a Living as an Ebook Writer?

Get 3 practical tips on writing a book made easy. All of which means that even a price change of as little as a penny can have a significant impact on your earnings. Consider this chart Lothlorien created to measure how many copies an author would need to sell at various prices through Amazon in order to make the same profit:. Consider the lines in red. But how can an unknown author or even an established one go about this effectively? As with e-publishing at large, the most talked-about strategies each have pros and cons of their own.

This may not be what self-publishers want to hear, as the stoop-to-conquer approach of dropping price to rack up sales has been popular. Evangelists claim that the highest-quality books will rise to the top on their own merits—and indeed, there is an abundance of subpar competition in the digital marketplace, at the lowest price points especially. But from there, finding the most profitable price point will likely involve a requisite amount of trial and error.

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Rogue Reader authors might have the best of both worlds. A close look at Rogue reveals a pricing model that could be a guide for authors looking to release subsequent titles in close succession. After the price drop … it leapt to 20—25 percent. This is the sort of readership-monitoring price adjustment that any savvy self-publishing author can deploy. Conversely, some authors have found success pricing the first book in a series low to encourage readers to take a chance on an unknown, and then raising the prices of subsequent books once readers are hooked.

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Both strategies rely on incentivizing readers—and, more tellingly, on your first book being good enough to interest readers in your second. So how can authors be among the lucky few who gain that kind of visibility? One size does not fit all. Indie e-book author Robert Bidinotto is eloquent about the bolt-from-the-blue effect of being chosen for a holiday special that placed his book, Hunter, alongside work by Stephen King in a Kindle Direct Publishing Select promotion.

9 Steps to Make Money Writing eBooks ($500+ per month)

One method bloggers use to create catchy titles is a formula in four parts: What type of ebook is this going to be? Is it going to be a list? A series of facts? Having a number in the title juices its catchiness. This is the meat of the ebook.

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Based on their feedback, test the final two with a cheap Google AdWords campaign. A simple way to create a thorough outline is to take all the highlights from your content research and put them on individual notecards. Scrivener is a great writing tool for this kind of work. You can create digital notecards of all this stuff. Or, set a date you want the book finished by. Divide the number of highlights in your book by the number of days until your target date. Use the Jerry Seinfeld method to track your productivity. Use a tool like Grammarly. The premium version also checks punctuation, sentence structure, and even style.

You can also give a copy of your ebook to friends and family for suggestions. Have them point out any glaring mistakes they catch. The final, more expensive option, is to hire an editor from Freelancer.

A quality cover makes your ebook look professional. It shows you mean business and the content inside is of a high quality.

This is the high priced option. With Freelancer, you hire a freelancer to do the design work. Unlike 99designs, you pick one designer and pay them to do the work. Usually, you contract someone out at an hourly rate, but you can also set a price for the full project. Some of the people on Fiverr are trained individuals getting started. Amazon even has a list of companies specializing in ebook conversion.

Most people read ebooks over physical books because of the price.

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This is where ebooks have a distinct advantage. People give higher value to higher-priced items. When all other things appear equal, we automatically assign a higher quality to premium priced items. Use books in the Amazon Top for inspiration. Good reviews mean other people have bought your ebook and found it useful.

That tells the potential buyer they should too. Use social media, friends, and family to get some positive reviews. Have them go to Amazon, buy the book, and leave a review. You want a big launch event with purchases and reviews coming into Amazon right when the book is published.

How Can the Average Writer Make Money Self-Publishing E-Books? | www.newyorkethnicfood.com

Amazon needs to know the people writing reviews are certified buyers. It makes the reviews more powerful in the eyes of Amazon and the potential buyer. Stephen King did it with his alter ego, Richard Bachman. In the mids he tried writing a few books under the pseudonym and they flopped. One book, Thinner, only sold 28, copies of the initial run.