September
23
Aside from being a blogger and freelance writer, I am also an ebook author. A neighbor once commented that “there can’t be much money in it, since Barnes and Noble doesn’t sell them.” He’s much older than me, and I’ve known him since I was twelve years old, so I just smiled and shrugged.
Little does he know.
If I were a novelist, I’d have to hire an editor in order to get my book in shape. I’d need to hire an agent to represent me, in order to get publishing houses to even look at my work. And then, if all the stars aligned and my book actually made it to print, I’d end up making about 25¢ to $2.00 per book. If I was lucky.
Contrast that with making money selling ebooks:
I usually write out some notes with pen and paper for about a week or two before I actually put my fingers to the keyboard to start writing an ebook. I write topics that I want to cover, points that I want to make, and so forth. After a couple of weeks of carrying my notebook around with me everywhere that I go, I sit down to write my ebook. I usually do this on a Saturday or Sunday, and it usually takes me a day or two to get it done. Then I carry my paper and pen around with me for a few more days, to jot down notes about things that I’d forgotten to include. A few hours of editing later, and I’ve got myself an ebook. I set my price (minimum of $20), and start promoting it. No editor to pay, no agent or manager to split my earnings with. It’s just pure passive income after that.
Yes, novelists might sell considerably more books. But they also have to work considerably longer in order to finish their project. I get $20 per sale of my ebooks, so I can earn an easy $100 for selling 5 books. A novelist who earns $2 per book would have to sell 50 books to make that amount. A newbie novelist making 25¢ per book would have to sell a whopping 400 books in order to earn what I earn for five ebooks!
If you’re an expert in your field, or you have knowledge about something that other people want or need to know, consider hunkering down to learn how to write an ebook. It’s pretty simple, once you get your creative juices flowing. And who knows… your ebook might just make you the cyber equivalent of Stephen King.
Some of my ebooks: