How to Make Money Online Selling Books?

đź’Ž[A THREAD FOR BEGINNERS]đź’Ž
In this thread, you’ll discover...

- What is Self-Publishing
- Why it’s an awesome online business model
- How does it work

If you’re looking for a new source of passive income, keep reading...👇
❓What is Self-Publishing❓

Self-Publishing is publishing books through various platforms like

- Amazon KDP
- ACX
- Ingramspark
- Draft2Digital
- And many more...
The books can be

- eBooks
- Paperbacks
- Audiobooks

You should publish your books on all formats to maximize your income!
❓Why Self-Publishing is Awesome❓

1. It’s beginner-friendly

Self-Publishing is quite simple and there’s no need for any special knowledge, advanced marketing tactics etc. in order to find success.
2. It doesn’t require much starting capital

Self-Publishing is cheap or even FREE to start. For example, I got started with only $100.
3. It’s ”passive income”

Self-Publishing is almost as passive as ”passive income” can be. I personally spend 3-5 hours a week on my publishing business. Sometimes even less.
❓How Does Self-Publishing Work❓

You can publish either fiction or non-fiction books.

I’ve only done non-fiction, so the following only applies for non-fiction books.
In a nutshell, the whole self-publishing process goes like this:

1. Pick a niche
2. Look for profitable keywords (book topics)
3. Pick a keyword with enough traction and a reasonable number of competitors
4. Produce the book
5. Create a cover
6. Write a copy
7. Launch the book
8. Gather reviews
9. Execute your launch strategy
10. Increase your sales with ads

Let’s dive deeper👇
1. Pick a niche

Your niche should be something under which you could publish multiple books and create a ”brand”.

The niche can be anything from gardening to mountain climbing.

Just prefer something you’re passionate about.
2. & 3. Look for profitable keywords and pick a good one

What you want to do is go to amazon and look for keywords that are selling well and don’t have too much competition.
4. Produce the book

When producing the book, there’s broadly two options:

1. Write and edit the book yourself (time-consuming)
2. Outsource the writing and/or editing

I’ve always chosen the option number 2, outsourcing, because it frees my most valuable asset, time.
5. Create a cover

The cover of your book has to be BEAUTIFUL and EYE-CATCHING. Customers usually judge the book by its cover, so make sure your cover catches your customer’s attention.
6. Write a copy

After you have caught your customer’s attention with a good cover, you need a top-notch copy that will make the customer buy your book.

You can write an amazing copy by studying your competitors and discovering what works and what doesn’t.
7. Launch the book

List your book for sale on the distributors you’ve decided to use.
8. Gather reviews

It’s important to get 5+ positive reviews right off the bat. So gather as many reviews as possible as soon as possible after your book goes live.

Reminder! Don’t ever use fake reviews!
9. Execute your launch strategy

The goal of your book launch is to rank your book well on amazon search results. That’s why you need an effective launch strategy.

Ranking your book well will increase your organic reach and that way you’ll sell more books.
10. Increase your sales with ads

After a successful launch, your book should get a good amount of sales organically. To increase your sales, you want to run ads. For this, you need to learn how to use Amazon Advertising and how to run ads effectively.
That’s it! Simple, isn’t it?

Of course, you need a lot deeper understanding of every step in order to succeed but now you have a broad view of how self-publishing works.
If you found this thread interesting and helpful, please like and retweet.

Also, give me a follow if you’re willing to crush it on self-publishing.🤑
You can follow @NextToWealth.
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