5 Steps to follow
The internet is becoming more and more influential in our lives and thus the sale of eBooks has gone up dramatically in the past few years. If this trend continues, eBooks sales will soon overtake that of hard copies. Thus, now is the perfect time to venture into this lucrative money making opportunity. EBooks are the perfect means to create a stream (or multiple streams) of passive income. You write just once and get paid for it again and again! However, your book needs to be absolutely sensational for it to sell well. There is no dearth of free information on the web and your eBook must really stand out among this ocean of mediocre, generic content.
Here are some things you should know before you get started:
What type of eBook do you want to write? Fiction or non-fiction? Deciding what to write about is the most critical step in creating any book. You have to consider various factors such as your own interests, strengths, media trends and so on. What do you personally like? Do other people like it as well? Does your subject have a market? If yes, how large? Determine what is selling well and then go on to create something along those lines but unique nonetheless! Write the book that you would want to read. Here are a few random ideas – vampire and werewolf stories, health, money making, sex and relationships, dragons and other mythological creatures, comedy etc. Popular topics appeal to a larger number of people but there is stiff competition in these niches. On the other hand, topics that are not so popular have a smaller audience but then, there is also less competition.
Your eBook should be timeless: It should be readable years from the date of publishing. Great books such as The Godfather, The Science of Getting Rich, Sherlock Holmes series etc. were written many years ago but many people read them even today. Writings of philosophers like Leonardo Da Vinci and Socrates are literally centuries old but the morals of those writings are applicable in the modern world too. If the information in your eBook becomes obsolete in a few months, then this will have a detrimental impact on sales and consequently – on your earnings.
Read Other Similar Books: Read plenty of books and eBooks on the subject that you have chosen to write about. This will give you many different perspectives and you will develop a deep, intricate understanding on the subject. It also helps if you are passionate about what you write. Gather as much information as you can.
Write: This is the most challenging step. Many people never finish writing just because of one simple reason – they are LAZY! Write at every opportunity you get – anytime, anywhere! Write when you are travelling, when you are bored, when you are sitting in a coffee shop, park. Write on a piece of paper, on your phone – immerse yourself into writing. Don’t try to escape it but embrace it instead.
Fine tune: Arrange everything together; add details, format and edit. Come up with an exciting cover and a summary – now you are ready to sell.
Statistics indicate that the most profitable ebooks are priced between $0.99 to $5.99 for a single copy. Clickbank. Amazon’s Kindle Direct Publishing platform, Lulu, Smashwords and Book Baby are great places to publish and market your ebook.