3 Ways To Profit From Digital Book Publishing

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In the 80s and 90s, Ty cohen emerged from living in one of Bridgeport, Connecticut’s toughest housing projects, riddled with crime and drug infestation. Her father held regular, part-time jobs as a taxi driver and security guard before he was robbed, shot and paralyzed. The lingering complications of the incident led to his death years later. Cohen, however, was determined to choose a different life course. Entrepreneurship was booming in 2008, when his company generated sales of around $ 1 million. Then a bigger boom happened—recession– and wiped out more than 70% of turnover, which continued to decline.

The recession forced Cohen to quickly awaken to the power of passive income, not depending on a business model based on one-time customer purchases, but creating a cycle of repeat customers. It was then that he plunged into the world of publishing digital content via books. According to the marketing guru, when someone reads a good book, they usually refer it to someone else. This is how customers can become your evangelists and brand ambassadors. And the beauty is, anyone can turn those books into lessons, coaching, services, and live events, generating multiple streams of income.

So why consider digital publishing? Because we are no longer in competition with the next person in our neighborhood, our town or our town. With the Amazon edition, the market becomes global. If you own a vegan dry cleaner, car wash, or food truck, book publishing is now your calling card. You can publish a book on how to franchise a dry cleaner, optimize your car wash experience, or market your food truck.

Cohen became engrossed in digital publishing, generating monthly checks for $ 9,000 from the comfort of his own home. Now, for over a decade, Cohen has taught and trained thousands of people on how to effectively market, promote and sell their products and services online. Through education and empowerment, it serves as a catalyst for the creation of digital ecosystems and income streams.

Cohen recommends that entrepreneurs have digital content creation in their wealth portfolio, just as they would with real estate, stocks, mutual funds, and bonds. Of all, publishing digital content is the one that generates the most profits in your household. One of the main reasons is that the overheads are very inexpensive. He started with an investment of $ 600 and has been collecting cash for over 10 years.

Today you can publish a book for as little as $ 150. You don’t even have to know how to write a book through outsourcing. There are many who love to write and are passionate about it. For comparison, let’s say you bought four units of real estate property for $ 500,000 with a 25% down payment or $ 150,000 versus $ 150,000 to get a book published, which could potentially earn $ 1,000 in passive income. monthly.

“Passive income is being able to wake up and see that you’ve made money overnight and keep getting paid over and over again for the same effort,” says Cohen.

In an interview with BLACK COMPANY, the accomplished internet marketer, international speaker, bestselling author, creator of Kindle Cash Flow, and curator of mass digital content, shared simple strategies on how to capitalize on digital publishing as a platform:

1. FIND THE MARKET

Before writing a fiction or non-fiction book, make sure you have a market that is ready to buy. For example, you might find that millennials have a strong interest in romance novels or personal development. When doing research you want it to be a large market, not a niche or granular market that only a small population is interested in. The more people, the better. For example, the animal care industry, a multi-billion dollar industry. There are books on how to take care of your puppy, how to care for your aging dog, how to feed your puppy well, or specifically how to raise a pit bull, how to raise a poodle, and the variations continue. This can be applied in the beauty care markets to meditation methods.

You can also publish fiction books with cliffhangers so that the reader stays on the lookout for purchasing the next version of the series. Find the markets where your prospects will always want more, then meet the demand. You continue to deliver great posted content, which makes them a loyal customer.

2. CREATE YOUR CONTENT

There are two basic ways of doing this. Of course, you can write it yourself. However, if you have no interest or desire to write, don’t worry, you can choose to outsource the book project to platforms such as freelancer.com, upwork.com, Where guru.com. There is no shortage of talents available and you can check them properly before making a selection. You will be amazed how often freelance writers around the world clamor in the bidding process to take over your project. However, it is extremely important to make sure that your content is of high quality, whether it is self-written or outsourced. Ultimately, you want word of mouth, repeat buyers, and good karma for what you post to the world. Content is always king, and it’s all about quality.

3. PUBLISH YOUR CONTENT

You would simply go to the Amazon platform — Kindle Direct Publishing at amazon.com and create a free account. When Amazon was born over 20 years ago, it aimed to become the largest bookstore on the planet. They developed the Kindle reader and then launched the Kindle app. Opening up the Kindle platform and making it accessible to the global masses has been the ultimate game changer! Gone are the days of refusals from publishing houses. Now anyone has the ability to self-advertise with exposure to buying customers with over 500 million active credit cards on file. There are over 38 countries where you can publish content on Amazon. You can sell books for $ 2.99 to $ 9.99 where Amazon keeps 30% and you get 70%. They made it easy, free, profitable, and rewarding with nice royalties and putting you in front of a buying (paying) audience.


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