How To Start Your Online Business Selling eBooks?
A new trend in literature is eBooks; they are selling at a rapid pace, and some estimates say that they make up about 30 percent of all books sales. On Amazon, digital books have a higher volume of sales than actual books. What does all this mean? It means that eBooks are very successful right now, and if you are interested in earning money on the Internet, they are a great option to build out a successful 7 Figure Business.
Get A Source
If you are planning to start out with eBooks, you first need to find a source to provide you with products. There are a few ways that you can do this. Obviously, you could be your own source. If you are able, write your own books, put them in an eBook format, and sell them yourself. This is a great way to make money, but it is only an option if you enjoy writing and are good at it.
If writing does not appeal to you, but you have a lot of great ideas that could be turned into books, you can partner with a writer and pay him or her to complete a book for you. If this process sounds a little too involved, one other option is to buy the rights to an eBook that is already completed.
Regardless of what path you choose, you need to know what rights you have with respect to the product you are selling. You also need to understand what rights the publisher and author have as well. If you do not clarify this point before you start selling, you may pay for eBooks and not be able to follow through with your plan for them. For example, can you edit the book if you want? Do you have full license to sell through whatever means you want? All these are questions that must be answered.
The Distribution Process
After you obtain a product, you are on your way to making money! The next step is to figure out how you are going to distribute the material. You can set up a website and sell books from that, or you can put your product in an already established Internet bookstore.
If you are thinking about setting up your own website, there are a few reasons why this might work well for you.
- You can often command a higher price (and therefore make more money) if you sell on your own site.
- If you sell your eBooks through an Internet bookstore, there is a lot of competition that the buyer has easy access to. On your site, however, the only products that are available are yours. You can, therefore, make more money.
- If you put the eBooks on your own website, you don’t have to pay anything to distribute your product. You know what the buyer is going to see when they arrive at your site. Internet bookstores are different; they don’t necessarily have a vested interest in selling your product, they simply want to sell as much product as possible. On your website, however, you can highlight your own books and hopefully drawn in as many customers as possible.
- Having your own website is definitely advantageous, but it is more difficult than selling through an Internet bookstore. You have to design your site and get it online. It needs to be professional so that customers feel that making a purchase from you is legitimate. You need to figure out how the books will be downloaded. There are services that can help with this, like Sellfy, Payloadz and E-junkie. Finally, you have to figure out how the customer will pay. If you choose to use a delivery service, it may have a payment option available, but otherwise, you have to figure it out yourself.
Of course, you can simply put the books up for sale at an Internet bookstore like Amazon. You probably know a few of the options already; Amazon is one and Barnes & Noble is another. However, selling this way may not be right for you. There is a lot of competition and it can be hard for buyers to find your product. In addition, when a potential customer clicks on your title, they also see books that are like yours or books that other customers have bought instead of yours. That makes it hard to make a sale. Finally, eBooks normally sell for much less in an Internet bookstore because of the amount of competition.
So, why do people put their eBooks in online stores?
For starters, these sites already have a huge customer base. There are a lot of people going online every day and buying from them, whereas your own site would be relatively unknown. In addition, potential customers may see your title when looking at other books, so you could draw in new customers that way.