Any Nut can Write a Lucrative eBook!

We all see eBooks all over the place. So what makes eBooks different from regular books that you can buy from Amazon.com? Well, from a reader's point of view an eBook usually offers you some advice or practical knowledge. A lot of them promise to teach you how to "make millions exploiting this crazy loophole" - but they don't work. It takes effort to make money online - but the effort is well worth it.

One of the most sure-fire ways to make money online is: write your own eBook! From an author's point of view eBooks require a little work and research, but once they're done they make money forever. If you write an eBook and sell it for $45, let's look at the numbers.

You will probably want to set up your own site. You don't have to know ANYTHING about web design - simply hire someone. Do what I'm doing: offer them a portion of the profits (say 10-15%). A lot of beginners will do it for a case of beer and the prospect of earning a few hundred dollars a month for nothing. Then you have hosting (say $30 per month). So you basically need to sell only one copy to get your money back each month.

Angela Booth says most ebooks will sell 120 copies, even with minimum internet marketing efforts, within a year. At $45 per book, that's $5,400 turn over, less $360 for hosting, THEN less your webmaster's cut. Your're left with over $4,500 a year, at least! There are no other costs, besides perhaps your credit card processing costs. However, these can be negated if you allow your customers to pay via PayPal. or Moneybookers

But most eBooks that are any good sell a lot more than this, and it is not uncommon for eBooks to sell hundreds of copies a month. I'm expecting my Philosophy eBook to sell at least 2,000 copies.

What most people don't know is that writing eBooks is easy and formulaic, and can be done if you have a week to spare. It requires disciplined time management, but finding an idea and writing a book is ridiculously easy. However, you can't just go out on your own and do it - you need expert advice. That's why I most definitely recommend Jim Edwards & Joe Vitale's book:

"How to Write and Publish Your Own eBook in as little as 7 Days".

It'll probably take you more than a week to write an eBook, but the time is well worth it! Take a few days off work, or spend a bit of your summer vacation doing it and you could be making huge profits from your eBook, long after you've stopped working on it!

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Apology and Forthcoming Attractions

Hi and welcome to my Friday commentary.

First off an apology to my email subscribers who have been receiving duplicates of my posts all day. I have been republishing some posts and trying work out some kinks with the Digg application. Note that you can now Digg my blog on the last post - please do this if it rocks you.

I have been writing like a mad thing this week, and I haven't been able to post as much as I like. However, I would like to alert you to a few things that will be going on in the near future:

1. Weekend Special

This weekend I will be posting a special discussion on the ethics of search engine optimization (SEO) as I see it. I have recently been asked to do some work for sites that I believe should not be getting more traffic. I am speaking specifically of multi-level marketing scams, commonly known as pyramid schemes or Ponzi schemes. With these in mind I will be discussing ethical issues at stake when writing SEO articles.

2. My eBook

Although this is unrelated to my normal work, I will be publishing my 100 page introductory philosophy eBook shortly on LuLu. This book is an easy to understand guide to the major issues in metaphysics. It is written to explain these issues to people who have never read philosophy before, as well as for first year philosophy students who want a firm basic understanding of the topics. It will be available for download for around $4.95, and I encourage you all to have a look at it.

3. My NEW eBook

I am starting a new project: an eBook entitled "Investing for the Non Salaried Person". It will be a general guide to starting small investments when you do not earn a regular salary. This is of course aimed at people like yourself who write for a living, and people in seasonal industries like tourism. If anyone has any ideas, suggestions or comments, please email them to me. If I use your contribution I will list you in the front of the book, as well as include the URL of your website in the chapter it deals with (if your site is relevant to the topic of course).

So that's all. Thank you all for visiting this week. Traffic has reached an average of 12 visitors a day, which is a lot more than most blogs can claim after their first two weeks!

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