Can you get rich quick by writing eBooks? Yes, you certainly can! Did you know that E.L. James first self-published “Fifty Shades of Grey”, the book that redefined erotica as we know it today, as an eBook? No publisher would publish her book, so she decided to publish it herself on Amazon as a Kindle book.
Fifty Shades of Grey went on to be a major success, selling millions of copies and making E.L. James a multimillionaire overnight. A Hollywood blockbuster has already been made based on the film, which has gone on to make a record $571 million in the worldwide box office.
So can you make money by writing eBooks? You certainly can! And we will show you how! You will learn how to get rich quick by self-publishing your own books on Amazon. This is easily one of the best ways of making money online, and it’s something anyone with at least some writing talent can do.
There are many Kindle authors who have achieved extraordinary success from writing eBooks. You may or may not have heard of names such as Steve Scott and Hugh Howey. They are two highly successful non-fiction writers on Amazon, who have talked at length about how to make money by selling books on Amazon.
Both Scott and Howey publish their earnings and are very open about what they make through the sale of their Kindle books. They are known to make a seven-figure income from writing eBooks, which is stunning. Neither of the two claims to be a John Grisham or a Stephen King, and while both have pretty decent writing it is nothing extraordinary.
Steve Scott, in particular, is very famous with new Kindle authors. He has written a number of books that reveal the secrets of making money on Kindle. His story is well known. He was an unemployed man with tens of thousands of dollars in debt. To set his life in order, he first tried his hand in affiliate marketing in 2005 and achieved moderate success at it.
It was when he started writing his own eBooks, as late as in 2012, that he achieved genuine success. Scott makes anything from $50,000 to $70,000 per month from the sale of his Kindle books. His best selling book of all time is Habit Stacking: 97 Small Life Changes That Take Five Minutes or Less. This book has made him over a $100,000 already and counting.
Scott has written dozens of books and he normally writes a book every 2 to 3 weeks. Each of his books sells around 100 copies a day. Scott employs a unique pricing strategy for his books, which he has talked about at length.
When he first writes a book, he sets a price of $0.99 on it. This helps him to drive some early initial sales. He also uses his massive email list to his benefit. He markets his books actively on Facebook and is a member of a number of Facebook groups. So getting an initial push for his books isn’t a problem for him.
Once the book starts selling well on Amazon, he increases the price to $2.99. Now that the book has already picked up a sizeable number of reviews, raising the price at this stage allows him to maximize the earning potential of the book, from the long term perspective.
So this is the strategy employed by Steve Scott, perhaps one of the best Kindle success stories of all time. Can you achieve anything close to the success achieved by him? Why not? Follow the tips given here on how to get rich quick by writing eBooks.
Here is a simple guide to writing eBooks and making money from it real quick.
#1: Choose a topic
So what do you want to write about? What would you like the book to be about? Who do you plan to target with your book to Get Rich Quick? What are you good at? Choosing a topic or an idea for the book is the most important thing you will ever do. This can make or break the book. You should be prepared to do your research and look for the best selling ideas on sites such as ClickBanks, the trending topics on the social media and the bestselling books on Amazon.
Books that address a specific category are likely to sell much better than those that are targeted at a general audience. For example, a book on the weight loss benefits of Matcha Green Tea is guaranteed to get you excellent sales because there haven’t been too many such books on the topic, and there are a number of people who are curious about the Matcha Tea.
However a book that is titled “Tips for losing weight fast” isn’t likely to get you any sales because this is one of the categories for which there is a lot of completion. So the point is, you should target your books at a niche audience. The book should satisfy a particular need and provide a certain value to those who choose to read it.
But in the name of going “niche” with your books, don’t make it so niche that there won’t be any audience for it! Any category you aim at should have a sizeable enough audience for you to achieve the sort of sales that you are looking for.
#2: Write an Outline for the Book
The importance of writing an outline before you start the book cannot be overstated. The first thing to do is to decide what you want to cover with the book. Once you take a decision on what you want to write about, lay out your ideas in an outline that makes sense to you.
When you start writing a book, you shouldn’t expect the reader to know anything about the topic. So it is important to start from the very basics of a given topic and increase the complexity of the information over time.
Now, the most important part – decide how many words you want the book to have. Most eBooks have a word count of 15,000 to 25,000 words. That is the optimum word count for non-fiction books that you will later sell for $2.99, as Steve Scott does.
#3: Writing the eBook
You know what you are going to write about, you have a plan and you have an outline. Now, let’s get started with the main thing – writing the eBook to Get Rich Quick. Writing the eBook after all the planning and research should actually be quite easy. The important thing is to write naturally and not to over-think the whole thing. Just put your ideas on paper as clearly as you can. Try to get into the flow of the writing, or get into a proper rhythm to Get Rich Quick. Have fun with the writing process, don’t think too much about getting it perfectly correct. The editing and proofreading will be done later.
#4: Editing the Book
Editing is the most important step of the whole process of writing the eBook. Edit the book as ruthlessly as you can. The best books are those that are edited well. Name one poorly edited eBook that has sold more than a hundred copies. You won’t find any. Poor editing will make your eBook into a complete mess and take away any chance that you might have had of making money with it.
Edit the book at least half a dozen times till you are perfectly satisfied with it. Cut out anything that is extraneous or does not add anything to the book. Now, you don’t have to do the editing on your own. In fact, we recommend hiring a professional proofreader and editor on freelance sites such as Upwork.com, Freelancer.com and Guru.com to edit your book for you.
It really helps to get an outsider’s perspective on the book. As an author, you are bound to get overly attached with the book and may not be able to see when something doesn’t add anything to it and in fact detracts from the message that you are trying to convey. An experienced editor is able to tell you when something doesn’t really make sense.
#5: Formatting the eBook for Kindle.
The next step is an important one. You have written the book, got it edited and proofread. Now it has to be formatted for Kindle. The importance of formatting the eBook cannot be emphasized enough. The book has to be formatted in a way that makes is readable on devices such as iPad, Android tablets and smartphones besides on Kindle.
Should you attempt formatting the book on your own or should you trust a professional to do this for you? The answer to that is that it depends on how skilled you at formatting using MS Word. If you have any experience of this, you can do this on your own and save some money.
However, if you have never formatted eBooks in the past, now is not the time to start learning. Poor formatting can destroy your eBook and making reading it a chore for your audience. This can lead to a spate of poor reviews.
So to avoid that, get the eBook formatted for Kindle by a professional. This can save you a lot of frustration and save you money in the long run. A good professional ensures that your eBook is completely error free. You can look for the best professionals to format the eBook on sites such as Upwork.com.
#6: Designing the eBook Cover.
The next step in the process of writing an eBook – designing an eBook cover. This can either make or break your efforts to make money from writing eBooks. There is a saying – never judge a book by its cover. But when it comes to eBooks to Get Rich Quick, be sure that your book will be judged by its cover. Make no mistake about that! Great eBook covers sell even the most mediocre books, but even a well written book with a bland eBook cover fails to create an impression.
Unless you are an expert graphics designer, you shouldn’t attempt to design the eBook cover by yourself, even though you have the software needed for this task. Always hire an expert eBook cover artist on sites such as Upwork.com for this purpose. They will cost you a lot, around $250 per cover, but you will make up later in the high volume of sales that your eBook is likely to generate for you. If you want the eBook cover done for cheap, get it done on sites such as Fiverr.com, where you can get an eBook cover done for as little as $25.
#7: Setting the Price.
We have already discussed the pricing strategy to Get Rich Quick for your eBook earlier, the one that is used by Steve Scott with such great success. Price your eBook at $0.99 to start with and market it relentlessly on the social media. Once you are able to get a burst of initial sales and a few positive reviews push your book higher up on Amazon’s listings, you can then raise the price to $2.99 or higher and benefit from the book’s popularity. You will need to pay a commission of 30 percent to Amazon for a book that costs $2.99 or more, and as much as 65 percent for one that costs less than $2.99. This is something to bear in mind to Get Rich Quick.
#8: Get Rich Quick – Marketing the eBook.
You won’t be able to sell even a single book if nobody has heard of it. Market the eBook relentlessly on the social media. Join FaceBook groups to market the book. Set up an author’s profile on Goodreads, which is the most popular social networking site for book readers. Participate in online forums and Q & A websites such as Quora and Yahoo Answers on the topics that are covered by the book. Use a mix of subtle and overt marketing to promote the book. The most successful authors such as Steve Scott use email marketing to get an initial burst of orders for their books. This is something you should consider as well.
Can you get rich quick by writing eBooks? You certainly can, as the example of E.L. James and Steve Scott shows so clearly. The key is to write fast and self-publish at least 2 eBooks every month. Build a portfolio of eBooks that will earn you a solid passive income over years. Yes, you will certainly be able to make a lot of money from writing eBooks. So, get started today!