3. Self-Publish an eBook
- Estimated income: 35-75% royalties from the eBook’s price, depending on the platform
- Requirements: creative writing and content marketing skills
Thanks to the internet, you don’t have to send a manuscript to a publisher to become an author. Anyone can sell eBooks through a personal website or self-publishing sites like Amazon KDP and Apple Books.
If you’re a blogger, eBooks are great for compiling existing content into a comprehensive guide. That’s what Elna Cain does with her long-form articles. She also includes printable worksheets in the eBooks to add more value to the product.
Self-publishing sites offer the benefit of an existing audience, saving you the hassle of starting from scratch. However, you can’t claim the eBook’s gross earnings. As such, many writers create a website to maximize their revenue.
If you decide to build one too, read our tutorial explaining how to create your own website from scratch.
Keep in mind that self-publishing a book costs between $150-$2,000. So to pursue this online venture, make sure to allocate a budget to cover the initial costs.