This post is Part Three of Choosing Your Niche, and covers…
Ebook/Niche Writing:
This is a very misunderstood niche, as what I’ve found by talking to writers is that most of them don’t really understand what it’s all about, and wonder what the fuss is.
If you would like to earn ‘hands-free and automated money’ this is the niche for you.
As with the other areas of writing already discussed, once you know how to do this, niche writing – which simply means writing for markets (i.e. weight loss, parenting, Christmas, etc) – is very easy to do.
It can be a very lucrative market as well.
Find a subject that a ‘hungry market’ is screaming out for, and you have the potential to earn a lot of money.
With ebooks you write your book, and set it all up for sale. If you do it right, the system is automated, and you don’t need to do anything other than some promotions. I often get up in the morning to find I’ve made sales while I’ve slept.
I have been writing for niches for about nine years now and love this system of earning income.
Things I love about ebook/niche writing:
I have the freedom to write what I want, when I want.
I’m not relying on a publisher to decide whether or not my books get published.
I have total freedom with the content of the book.
It’s an automated, hands-free system. That means money comes to me while I sleep, go on holidays, or even if I’m in hospital.
Things I dislike about ebook/niche writing:
Finding a good ecover or website designer can be tricky. (But I now have a great designer!)
Payment:
This is going to depend on the subject matter, and also the length of the book. Ebooks can start at $3 and go right up to $97, and in some cases, even more.
Personally, I keep most of my ebooks in the $12 to $30 range. That’s not to say I won’t price them higher in the future, but right now, that’s what I do. There is a reason for this: I try to keep them affordable for those who need to learn. When I started out, ebooks were mostly out of my reach, so this is me giving back to the writing community.
Remember that you will sell multiples of your books, not just one or two copies. With just one of my books I sold $500 worth of books within 24 hours of it going live.
And that was just the first day.
Ebooks will continue to sell for as long as you have them up for sale, and as long as you get traffic to your website.
Recommended Resources:
“The LowDown on Niches” will show you step-by-step how to write your niche ebook. (This is one of my best-selling books for writers.)
“Kevin Riley’s Product Creation Workshop” is more like a Master Class. If you want to turn ebook creation into a long-term business, this is the product for you. As one of the original participants in this workshop, I can guarantee the quality.
“Rocket Product Creation” is similar to the Product Creation Workshop in some ways, but is what I call a “fast-track” version. It also features additional lessons. Visit the link to get full details.
