Passive income source: Write a book

[Deleted member 13140]

Nowadays writing an ebook can be a huge passive income source. Especially due to the low publishing cost, and not only that, you can just decide that you don't want to publish it physically but digitally and that one costs nothing.

You'll need to be an expert on a specific issue, but it could be niche and require some unique skills or qualities that few people possess but which many readers require. On an online platform, you can quickly design the book and then test-market multiple titles and price points.

However, just like developing a course, a lot of the value comes from adding more e-books to the mix and attracting more buyers to your material.

I think the only risk you have when writing an ebook is that if you don’t have an audience no one will listen or buy the book you wrote

While an e-book is good, it will help if you write more and then create a business around it or make the book only one component of your business that supports the others. As a result, your greatest risk is that you will spend time with little profit, that is apart from not selling any at all.

But the opportunity, is endless, you can make money or you can use it as a means of traffic to your site and all those things, you just have to know the strategy.

 

[Emmanuel 2042]

This isn't a bad idea actually, I can write a book telling people about the new ways of earing money online.

 

[Chibson]

Publishing books is probably one of the best passive income methods you should consider currently because of how lucrative it is. If you know how to write books then Amazon Kindle publishing can really do a lot of work because you could be making a whole lot of money on monthly basis.

All you need to do is to write very good books and of course know how they search engine on Amazon platform works then you stand a chance of making a lot of money. You should know that writing a book is not a guarantee that you will make money but there are some level of knowledge you need to apply in order to make consistent money on the platform.

I know a lot of people making thousands of dollars on monthly basis on Amazon Kindle publishing. there are also many other platforms in which you can venture into and start publishing your books there. The beautiful thing about writing a book is that you will don't necessarily need to write your own book but you can look for plr books on some platforms and repurpose them and they probably becomes yours.

A lot of people use this method to make good amount of money on the internet without actually writing their own books.

 

[Mika]

Writing a book is undoubtedly one of the best passive income methods, however, this method is available only to those...
who are very proficient in writing
who can produce high-quality books
who have expert level writing and language skills
Let me assume you have all of the aforementioned qualities to make a book, can you make a lot of money?
Your book needs to be published by a reputed publisher and distributed everywhere, your books need to be sold in large numbers. If you are publishing online, your book needs to be well promoted through ad campaigns, your books need to be sold in large quantities.
Let me assume that you pass these requirements, how much money you can make? Normally a traditional publisher will give you 10-20 percent royalties. You can get up to 70 percent royalty from your ebooks on amazon, and you bet 20 percent commission on your paperbacks from Amazon. You will earn royalties as long as your books are selling. If you become a best seller, your books can be adapted for movies, and you will earn even more money. Bestsellers also get a huge signing amount. The key to earning passive income from books is to write very well and sell very well.