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5:25 am September 23, 2011
| Pat S
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| Member | posts 160 |
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What's the saying… the acorn doesn't fall far from the tree? Well, funny story. I just learned that my brother has been writing EBooks for a couple of years now, and makes an excellent side income from the medium. We both had a good laugh when we discovered we each earn money on the side writing (semi-professionally) under variations of our real names (mine abbreviated, and his spelled differently).
After laughing about it, however, he immediately began encouraging me to write an EBook. Something I had considered in the past but haven't yet endeavored to do. I'm thinking I will (actually after our conversation, I've already mapped out the book itself), but was just wondering if anyone here has any experience writing, marketing or selling Ebooks?
He had a good deal of success but within a narrow niche within the fiction category. How has your experience been (if applicable)? Just curious. I'll probably write it either way, but any advice would be great! (And when I'm done any reviews would be exceptional as well).
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5:55 am September 23, 2011
| Tony Chou @ Investorz' Blog
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Writing the book is the easy part. Anyone can be a good writer. But actually selling it is the hard part. I was thinking about writing an ebook, but in order to be successful, you need a good amount of traffic. Either your blog can be really big and you'll sell a lot of copies to your loyal blog readers, or you can try affiliate market (PPC, CPA, etc). But I find that affiliate marketing doesn't work very well for selling ebooks unless your books costs a lot (that way you'll easily be able to recoup the ad costs).
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6:06 am September 23, 2011
| MoneyIsTheRoot
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We have quite a few Yakezie who have written ebooks… I know The Financial Blogger is quite successful with his, though he also has a ton of traffic! Derek @ Life and My Finances had a lot of success with his, but I believe he used it as a tool to increase his readership, i.e. free copy for email subscribers. If you have a smaller (newer) blog, I would suggest that you offer a free book with a reward aimed towards growing your blog.
Truth be told, I'm probably not going to pay money for a book by a first time author with a newer blog, it takes a bit to establish credibility. Now if you have success with the first one, then the second one might be a hit and you can sell it.
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6:56 am September 23, 2011
| Sunil from The Extra Money Blog
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I have written a few. Each one of my niche sites has a relevant ebook. while traffic helps, an ebook can go viral depending on content type and quality. in addition there are existing platforms you can use to leverage sales, such as kindle, google books and barnes and noble nook. i get more sales from those external avenues than i do on my sites. these platforms have readership communities always looking for the next release. i have written about this topic sparingly on my blog – will focus more on it as digital products are the epitome of passive income in my opinion
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The Extra Money Blog– Expedited Wealth Building Through Multiple Streams of Active & Passive Income (Entrepreneurship, Internet Marketing, Personal Finance)
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7:06 am September 23, 2011
| Tony Chou @ Investorz' Blog
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MoneyIsTheRoot said:
Truth be told, I'm probably not going to pay money for a book by a first time author with a newer blog, it takes a bit to establish credibility. Now if you have success with the first one, then the second one might be a hit and you can sell it.
Exactly. That's why a lot of the bigger blogs like Problogger do well selling ebooks, while the smaller and newer ones don't.
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7:22 am September 23, 2011
| MoneyBeagle
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Sunil from The Extra Money Blog said:
I have written a few. Each one of my niche sites has a relevant ebook. while traffic helps, an ebook can go viral depending on content type and quality. in addition there are existing platforms you can use to leverage sales, such as kindle, google books and barnes and noble nook. i get more sales from those external avenues than i do on my sites. these platforms have readership communities always looking for the next release. i have written about this topic sparingly on my blog – will focus more on it as digital products are the epitome of passive income in my opinion
How long are your e-books and how many chapters? I've tossed around the idea but you want to write a good sized ebook so that you're not writing a pamphlet but you're not going into Stephen King territory either (for the record I love Stephen King, but that guy can fill pages like no other!)
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9:05 am September 23, 2011
| MyJourneytoMillions
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MoneyIsTheRoot said:
Truth be told, I'm probably not going to pay money for a book by a first time author with a newer blog, it takes a bit to establish credibility. Now if you have success with the first one, then the second one might be a hit and you can sell it.
I literally couldn't say it better myself. Even TheFinancialBlogger with traffic that DWARFS 99.9% of personal finance blogs gave the first one away for free.
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9:37 am September 23, 2011
| moneysmarts
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I've written a couple of ebooks, but only one that I charge for.. The rest have been freebie giveaways for my email list.
As others mention writing them and putting them together isn't easy by any means, the hard part is actually getting it out there and selling it. For that you need traffic, a good marketing plan and advice from others who have done it like financialblogger and mike at obliviousinvestor.com (who sells on amazon)..
It is a lot of work, but can be rewarding if you do it right.
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12:21 pm September 23, 2011
| SavingMentor
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I wish, but I'm just not willing to take on that workload for dubious returns right now! It feels like each one of my posts is its own eBook sometimes – I'm such a slow and long-winded writer :)
It's like anything, if you figure out the right way to do it – it will be a success.
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2:41 pm September 23, 2011
| TightFistedMiser
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This has been on my to-do list for a long time. I wouldn't say that writing the book is the easy part. Most people think they could write a book but they don't actually do it. My plan is to sell ebooks on Kindle. The details of selling ebooks on Amazon is a lot different than selling an ebook on your blog.
Mike Piper of ObliviousInvestor.com has been successful selling paper books and ebooks on Amazon. He will be at the Financial Blogger Conference answering questions about publishing.
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6:40 am September 24, 2011
| Frugal Confessions
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Money Saving Mom did a series of making money online based on her own experiences, and she used to have an online store of ebooks where she made decent income: http://moneysavingmom.com/2010…..gging.html
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11:56 am September 24, 2011
| Barbara Friedberg
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I wrote 20 Minute Guide to Investing. It is available for free from my site. I'm building a good email list from the downloads. I am in the growth stage of my site and long term expect to write for sale. My expectation is that it is a long process to profit with an ebook. Yet, my goal is to publish several books for sale. Might want to eask Mark from Buy Like Buffett, he's got quite a nice portfolio.
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11:01 am September 26, 2011
| Eric – PersonalProfitability.com
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I have an eBook at http://personalfinancearsenal.com/.
It has not sold very well, which is not very encouraging, but I am plugging away at two new ones regardless. I am hoping that as I scale up I sell more.
I am also thinking about packaging up two former post series into an updated version for free eBook downloads.
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