Once your eBook hits the marketplace it can go either of two ways: it can be a hit and have a lot of buyers…..or not! An eBook that does well can earn you upwards of $500 per month with little ongoing promotion required, and is a prime example of how you can make a well planned publication work for you to achieve an ongoing passive income for years and years to come.
Timothy Ferriss, author of the renowned book entitled The 4-Hour Work Week: Escape the 9-5 Live Anywhere and Join the New Rich, is a classic example of someone who has been highly successful in the eBook selling niche. Tim’s book, which has become a gold standard amongst entrepreneurial communities, has guided thousands of his readers to achieve financial liberation through its distribution across a range of platforms including Amazon, Barnes and Noble, and his own website. Tim’s present net worth is approximately $20 million, primarily generated through book sales, and this certainly speaks volumes about the profitability of ebooks as a revenue stream and wealth creation technique.
Steve Scott is another fine example of someone making a healthy living from the passive income gleaned from selling niche eBooks online. He is the author of over 60 self-published books and been actively growing his internet business since 2006. His best-selling books include: Habit Stacking: 127 Small Actions that Take Five Minutes or Less; Novice to Expert 6 Steps to Learn Anything, Increase Your Knowledge and Learn New Skills; and Declutter Your Mind How to Stop Worrying, Anxiety and Eliminate Negative Thinking. All of his books are available on Amazon, and focus on the niches of positive habit adoption, productivity and entrepreneurship. In 2015 he expanded his content repertoire, launching the website authority.pub to assist others with the successful eBook creation. Steve’s website is jam-packed with podcasts, blog posts, and a full-fledged online academy that helps people learn how to write best-selling books, and is a resource I would strongly recommend you explore if you are serious about publishing eBooks as a primary source of your income.
Abby, founder of Just a Girl and Her Blog, also receive a respectable monthly income in the vicinity of $14,000 from sales of her small but growing collection of self published digital products including The Paperless Home, a niche publication explaining how to utilise a robust piece of software called Evernote to organise your household, and the Simplify + The Intentional Life Planner pack, a unique spin on a conventional eBook which contains selection of printable worksheets to help you organise your home and manage your goals.
It is not only the big guys and girls that are generating a consistent income from eBooks, Harsh Agrawal and the team behind the Shout Me Loud blog bring in over $500 of income every month through their series of online marketing ebooks. To align with his ethos of transparency, Harsh publishes his a monthly revenue report revealing the exact income he derives from the Shout Me Loud eBooks (as well as other sources of revenue). View his latest revenue report.
The above examples are living proof that generating a passive income from eBooks is indeed possible, and that virtually any topic you can conjure up is a potential money maker. All it takes is the dedication to develop a unique publication and a few tricks to successfully grab the attention of your intended audience and sales will start to flow.