8. Publish an Ebook

Revenue potential: You can make from $5,000 to $8,000/month on average.

Age threshold: 18+

Setup ease: All levels, may vary based on publishing platform

Total time to first pay: One month+, depending on sales

With the rise of self-publishing, writing and publishing your ebook to make money online is now possible. So if you enjoy storytelling, why not give it a go?

To create a polished ebook, apart from a writer, you need a designer and an editor to ensure that the output is as great as possible. You can hire freelancers to help you out.

Then you can submit it to a self-publishing platform and focus on promoting it. However, before submitting it, check each company’s royalty policy to see the rate you’ll receive for every sale.

Let’s see some self-publishing platforms:

Barnes & Noble Press: They offer a dedicated calculator to measure royalties. When published by B&N Press, you can earn a flat 70% royalty rate.
Amazon Kindle Direct Publishing: You can make up to 70% royalty on sales.
Smashwords: You earn a 60% royalty if your ebook is sold via a retailer or at least 80% if they get it straight from Smashwords.
Apple Books for Authors: They provide authors with 70% royalties.

Check the requirements of your preferred self-publishing platform and follow their instructions to publish your ebook successfully. You can make it work as long as you have a solid product with a topic that excites readers.

Comments

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