How To Make Money By Writing An eBook

With the popularity of the Kindle and the iPad, as well as many apps for your smart phone, ebooks will continue to grow in popularity. Do you know that Amazon sells more e-books than print titles in the UK. Britons are now buying more e-books than printed ones through Amazon’s online store, according to the latest figures released by the US retailer.

Before you start, it’s worth thinking about the type of book you want to write. Are you writing a fiction or non-fiction book? If it’s a non-fiction book, what niche are you writing for? Tutorials and guides work well because people can learn from them. If you are writing a fiction novel, what genre are you focusing on? Crime thrillers, fantasy, paranormal romance and chick-lit tend to sell well. These are the general types of ebooks that sell well, maybe because the fans of these types of books tend to read more than the average reader.

A. Picking Your Topic and Finding Good Ideas
Many of you might be tempted to write an eBook now, but have absolutely no idea what you’re going to write it on. As a way to help you narrow down the ideas buzzing around your head right now, here are some of my suggestions to help you think of what topic you could write an eBook on:

1. What You Know About
2. What Your Readers Want
3. How Can You Offer the Most Value
4. Look Around Your Niche

B. The Creation Process
Once you’ve decided you want to write an eBook and know what topic it’s going to be about, it’s time to get started. There are a number of eBook creation tools and software packages out there, but I keep the process fairly simple.

1. Make beautiful cover
2. Write a great product description
3. Format it correctly

C. Marketing Your eBook
The sole task of writing an eBook is sadly not enough to bring you the benefits that we discussed earlier, you actually have to promote your work. The tactics involved in marketing an eBook are very similar to the tactics involved in marketing anything online, but I’ll still share my tips here:

1. Choose your platform.  You can use smashwords.com platform that allows you to distribute your e-book to the Apple iBookstore, Barnes & Noble, the Sony Reader Store and the Diesel eBook store.
2. Pricing. Try to keep your price as low as possible! The cheaper the book is, the more it will sell. Amazon lets you sell for as little as $0.99 in the US and £0.75 in the UK. For a first time writer, that’s probably the best price to go for. It’s hard for a first time writer to sell a book for more than £1.
3. Publicize your ebook. You should be on Twitter and Facebook, and have a website. You could have a blog and a newsletter. I recommend announcing your ebook at www.kindleboards.com in the Book Bazaar section.

So, you have written a great ebook, it has a great cover design, you have priced it at the right level, and you have been marketing and publicising it online, Well that depends on how well you have done the previous things. There are writers that have made hundreds of thousands in a matter of months, some even more! It all depends on the quality of your ebook. If people like it, they will tell others about it and things could spiral from there.


References:
http://www.telegraph.co.uk/technology/amazon/9455149/Amazon-sells-more-e-books-than-print-titles-in-the-UK.html
http://zatechno.blogspot.com/2012/10/how-to-make-money-from-blogging.html
http://www.viperchill.com/write-an-ebook/