8 Easy Ways to Make Money Writing Books

If you’ve ever dreamed of writing books and making money, this is your time to realize that dream. Writing books is a great way to supplement your income or even become a full-time author. The book writing and publishing industry is a competitive one, but there are a few things you can do to give yourself a better chance at making more money from your writing.

The most crucial thing in this venture is to pick a genre that will appeal to a wide range of readers. This will make your book more likely to sell and increase your chances of making more money. Read on to find 8 more exciting ways you can follow to make money by writing books. 

1.    Hire a Ghostwriter

Ghostwriting involves hiring someone else to write the book for you. You will provide them with your ideas and direction, and they will be responsible for completing the project within the discussed deadline. Ghostwriters are actually hired by top-quality authors, and they are behind several bestseller books you see on the market.

The benefit of hiring a ghostwriter is that it allows you to get your book written without having to do all of the hard work. This is especially important when you are planning to write a fiction book and already have a story in mind.

The fiction ghostwriter will then put your voice down on paper and add an emotional element to your story, which is helpful in getting more sales, ultimately increasing your earnings.

2.    Get a Literary Agent

For starters, a literary agent is the one who can help you get a book deal with a traditional publisher, as well as negotiate better terms for any royalties and advances. Once you have found a few agents, reach out to them and send them an email or letter pitching your book idea.

It is important to include a brief summary of the book, any accomplishments you may have had, and why you think the book would be successful. When an agent agrees to represent you, they will typically help you edit your manuscript, give feedback on your cover design, and send it off to publishers.

A literary agent will help you market your book in the right way and ensure that you get the best deal possible on royalties and make the most money.

3.    Write a Series

Writing a series of books is the most efficient way to make some extra money. By creating a series, you are essentially creating a brand and building loyalty from readers. Not only do you have the opportunity to develop your characters, but you can also use each book as an opportunity to explore different aspects of the same story.

Keep in mind that writing a series requires a lot of planning and organization. It’s helpful to create an outline or timeline of the events in each book so that you don’t lose track of where you’re going with the story. If you take the time to plan things out properly, you can create a series that will draw readers in and keep them coming back for more, ultimately giving you a chance to make more money.

4.    Write in a Genre/Category that Sells

It doesn’t matter how well you write and how much marketing you do. If you are not writing on trending genres and categories, you won’t be able to earn much with your book. Writing for creativity and writing for money are two different things.

Even if you aren’t interested in the trending genre, don’t worry. You always have the option to work with ghostwriters and get your book completed without having to do the hard work. To find what people are buying, you will have to do market research, especially on Amazon and New York Times best-seller lists. 

Thankfully, fiction has always been a bestseller for the past some years, and having an experienced fiction ghostwriter by your side will help you complete your project and earn money following the trend.

5.    Write an eBook

eBooks are becoming increasingly popular among readers, and writing and publishing them can be a great way to make extra money. eBooks don’t require any paper or book cover to go out in the market, and you can simply make a digital document of your printed book and list it for sale on online platforms like Amazon or Apple Books.

However, promoting an eBook will need a solid marketing plan, and you will have to spread the word about your book to attract online readers to buy a copy of your book. Utilizing social media, email newsletters, and even paid advertisements can be great ways to promote your eBook and make some extra money.

6.    Sell Audiobooks

Just like eBooks, audiobooks are also a little investment that can earn you volumes. They are easier to produce than print books and can reach a larger audience in a little time. However, you will have to select a narrator to narrate your story and have them record your book in audio format.

You can either look for economical narrators on online platforms or contact professional audiobook producers with the help of your literary agent. Audiobooks can be sold on Amazon, Audible, and iTunes and can give you excellent revenue in return.

7.    Think Global and Long-Term

To earn more money writing books, don’t just focus on the immediate financial gain but look at the long-term potential of your work. Think about the global reach you could have with your writing and the potential to have a lasting impact.

To ensure this, consider what trends you’re tapping into and how you can make sure that you’re still relevant years down the line. The best way to do this is to look into foreign publishers who may be interested in translating your book into other languages. This will help you expand your reach and bring in money even after the initial sales of your book have died down.

8.    Grow Your Email List

When it comes to promoting and marketing your book to a wider audience, there’s no one better than you to do that. Grow your email list by creating a sign-up form on your website or blog and then offering users something in return. 

You can then use this email list to email your readers about the available copies of the book with an added discount. This way, you’ll be able to chart your book at the top of the bestsellers’ list and earn a lot more than you expected.

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