Writing Books to Earn Extra Income

Writing books to earn extra income is a great idea. There is certainly plenty of money to be made in the publishing industry and you virtually have an unlimited potential of success and money you can attain by writing books. I’m going to share a few of the key elements of your success in this endeavor that you need to think about.

If you implement these few things in your publishing strategy then you should definitely achieve greater success in writing books than you otherwise would have.

• Find a hot topic that people will pay to read about. You don’t want to be involved in writing books to earn extra income being your focus and later find out that your topic isn’t really popular. I’m not saying that you shouldn’t pursue your passion on a particular subject just because you won’t make a lot of money–remember we’re talking about earning extra money doing it. This means we’re looking at writing books from a strictly business perspective, not a perspective of personal conviction.

You want to do some market research to find out what topics pay well and start narrowing those topics down to a subject that you do feel passionate about, because ultimately if you don’t really care about the subject you’re not going to sell many books anyway. You have to choose a topic that you are passionate about but focus on figuring out what “spin” you can put on that subject that puts you in a category of being able to earn more money.

• Price your book high enough to make a profit. Again, doing your market research will give you a good idea of what the market will pay for your book based on what other books in your genre are priced at. Your profit margin is also going to be based on what method you use to publish the book. Each self publishing company has different pricing so you need to do good research here as well.

In our business, we give all authors 50% off the retail price on any sized book order that they make. We give an 80% off retail price when the author does an off-set print run. This is about as good as of a profit margin you will find anywhere. You want to be sure that you go with a publisher who will be able to give you pricing like that; whoever you publish with.

• Find great methods to sell the book. This is the biggest factor in writing books to earn extra income. You will do the best if you have an established platform or audience. However most beginning authors don’t have huge audiences so you need to think about this issue before writing your book.

You need to do some research here as well – choose the methods, tools, groups, and locations people use to make money on their book that work best for you.

• Speak to make money on your book. Speaking needed to be mentioned by itself apart from the above point because this is one of the top methods used to sell any book. If you write poetry, poetry readings are must if you want to sell; if you write Christian books you can target people through churches and other Christian circles.

Churches provide the perfect opportunity for you to speak and earn great income with your book, if this is your target audience.

• Write more books that you can market to the same audience. You want to give this audience fresh information on the same subject so don’t write the same book twice or you will start to lose people. I’ve seen this happen with authors who’ve become popular.

They run out of great content and they start writing books with close to the same information in new releases. This usually happens with traditionally published authors because they are obligated to fulfill some contractual agreement.

A book is a product so writing books that people aren’t buying is no way to earn extra money. You need to choose a hot topic that sells. You can choose a hot trend to write on. This works well when you get in on the trend at the beginning of it but you have to watch closely because it will soon fizzle.

That’s why you probably want to focus on tried and true topics like business, motivation, marriage, how to, Christian categories, and other topics that are here to stay.

If you think this information was helpful and you’re really serious about writing the best book you possibly can, get the best book publishing deal you can and selling thousands and thousands of copies of your book then you need to [CLICK HERE TO LEARN MORE]