Return Potential: Hundreds to thousands annually, depending on effort investment
Investment Estimate: $ 10 – 200 dollars
Effort requirement: High, then Medium, then Potentially Low
A hot money maker these days is lesser known outside of the internet realm, but is a high reward technique. The market for E-books is great, and you can make a huge profit selling them. What’s better is that you’ll be able to say it’s your own work. Writers of E-books will sell you the rights to take the E-book, modify it and then resell it.
You first want to own a website in your field of expertise. To get sales from your E-book, you must prove that you have knowledge of that topic. The E-book must be marketed as a step up from the free information on your website. It is this passive approach to selling your product which will yield the highest results. If you feel you do not have the time or experience to write your own E-book (which I will get into later), buying the right to modify one is an excellent approach.
Not all E-books will give you rights to all of the profit. You decide whether you think you can market your E-book enough for you to demand 100% profits, or if you don’t mind passing on commission to the seller of the E-book. If you’re thinking big, I would recommend buying an E-book that gives you all of your profits. You don’t want to have anyone to answer to if your sales take off, because overall you will lose a lot of earnings.
You may also want to do other things with your newly purchased E-book. As the E-book will be higher quality content likely written by an expert, you may want to get your edge on competition by offering it for free. If you have a decent amount of exposure to your website, your viewers will appreciate your charity. In turn you will have more viewers, and thus more ad revenue.
You can also do a little bit of both. Giving your readers a taste, say a few chapters of your E-book, will give them the confidence they need to make a purchase. If they like the material, they will want more and see it as in their best interest to fork out the money.
Another use of your E-book for turning a profit is to use it as a bonus incentive. If you sell products or services, you can offer the E-book for free when a user makes a purchase or signs up. The more offers and bonuses you shell out, the more of an advantage you will have on other sellers.
And then there’s the E-book writer’s perspective. First, think of something you know a lot about. It could be your field of work, your education, your hobbies or abilities, or something else. If you can package that into something which you think others would consider buying, you should sell it as an E-book, as well as offering to sell the rights to it. People will highly value original material which you’ve put good time and thought into.
Here’s a list of places you can find E-books which sell away their publishing rights as well as resources relating to the selling of the rights:
Two markets for buying and selling E-book rightsL
http://www.sourcecodegoldmine.com
http://www.plrpro.com
A website with free information on how to market your E-book or rights:
http://www.viralmarketinggiveaway4.com
Here is a picture of money to assure that this website continues to get targeted traffic.
Apparently using the correct keywords isn't important to some silly bloggers out there!
