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See How Much You Can Make With Self Publishing eBooks
Topic Started: Sep 7 2015, 03:59 PM (113 Views)
kingwand
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So how much money can you make by self publishing eBooks? It depends on a few variables: Exposure – how many eyes see your eBook. Exposure can come in many ways, from referrals, existing readership, a well thought out and executed marketing plan as well as the number of platforms your eBook is available for sale on. Price – eBook buyers tend to be very price conscious, especially today when you have a plethora of .99 cent and $4.99 or under eBooks (not necessarily a bad thing). Demand – the need or interest that exists in the marketplace. In other words, the audience of your message Quality of content Perhaps some others… How much money you make from your eBook can vary across a real broad spectrum. What I want to do is summarize the royalty schedule in an easy to reference table so you know exactly how much money you can generate from eBook sales on each platform. The Self Publishing Royalties Table These rates are the royalties you receive on each sale of your eBook. Each platform takes a certain amount of commission percentage resulting from each sale. This is your cost of doing business. The good news is that you don’t pay anything unless you make something, thus a win win for all involved. eBook Platform Need ISBN? Can You Directly Publish? Royalties (Based on Sale Price Below) $0-$2.99 $2.99-$9.99 Over $10 Amazon Kindle No Yes 35% 70% 35% Barned & Noble No Yes 40% 65% 40% Apple iBookstore Yes* Yes 70% 70% 70% Google Books Yes* Yes Good Luck Good Luck Good Luck Sony Reader Yes* No** N/A N/A N/A Diesel No No** N/A N/A N/A Kobo No Yes Varies*** Varies*** Varies*** *These platforms will assign your eBooks an ISBN for free – however, you can also provide our own **You need to go through an aggregator or a mass syndication program to make your eBooks available on these platforms ***Kobo wants you to contact them to find out. You can do that here ****Google doesn’t tell you how much, at least not clearly – but what’s new? Publish your eBooks with Google anyway for added income. Each of these platforms has a designated eReader. For example, Amazon eBooks are meant to be read on the Kindle. Barnes & Noble books are meant to be read on the Nook. Sony has its own reader, and so it goes. Each platform however offers a conversion service when you first submit your eBook (in raw word document file format). Here is a shortcut. Instead of messing around with each platform separately, why not take a one and done approach through an eBook aggregator program like Smashwords? Smashwords will convert your file into all the required formats such as .epub, Sony Reader (LRF), Kindle (.mobi), Palm Doc (PBD), PDF, RTF, Plain Text, online reading (HTML and javascript), etc. You can read more about it here. Note: Smashwords and Kindle have a love-hate relationship. Depending on when you are trying this, Smashwords may or may not submit your eBook to Amazon. The good news is that submitting your eBook to Kindle is pretty easy. Read how you can increase your eBook sales on Amazon here. eBooks are one of my favorite ways to generate income online. Once published, eBooks can be a nice source of passive and residual income. Not only that, you don’t need a website or a blog to make money from self publishing eBooks. Are Training Courses on Self Publishing eBooks Worth the Cost? Many internet marketers have realized this and have developed training courses and products to help you self publish eBooks. There are training programs out there that promise that you will learn how to prepare your eBook files and publish your eBook to the various platforms listed above. The way they position themselves is by saying that each platform requires a different format and therefore you need to learn how to format your eBooks in different ways, etc. That is all true, but thanks to Smashwords you can do all that on your own very easily. You can read how here. If you don’t have an eBook yet, read my guide on how to brainstorm, create, publish, market and successfully profit from an eBook here. I am not against paying for training. In fact I am all for it. Just make sure you are getting your monies worth when you pay for something. The process is straightforward enough to where I think I can answer most of your questions. Why pay for training when you can get free answers here? If you have any questions, please ask them in the comments section below. So how much money do you think you can realistically make from an eBook? What’s your experience been like with eBooks? What kind of results are you seeing? What are some marketing strategies that are working well for you? For those who celebrate, an advanced Merry Christmas to you and your loved ones. For everyone else, Happy Holidays and please be safe with your loved ones. I am sure will see you at least one more time before 2013.
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