Can You Make Money With a Self-Published Book?
By Melanie Johnson
As much as you want to write a book for reasons such as increasing your platform, leaving a legacy behind, or just because it sounded like fun, there is always an underlying reason of wanting your book published: to make some money. There’s no better way to ensure that your writing venture was well worth it when you see the money coming from it. We are happy to tell you that it is true that you will make money with a self-published book.
E-books are a growing industry. Not only is the industry growing, it is actually the fastest growing digital product. In 2016, the revenue from E-Books were about $16 billion. What’s even better is that the number is expected to increase. In 2020, the expected sales made from E-Books are expected to be around $29 billion. It means that from between 2016 to 2020 you will see an overall growth of 93%. Thanks to products such as the Kindle and Nook, books can be easily obtained by the masses. Because of that, we can see why the numbers are growing and will continue to grow, which means more money in your pocket.
Publishers Weekly talked about where self-published books stand in the running with other books. Self-published books actually make up 31% of all E-Book sales made from the Amazon Kindle store. That might not seem like a lot, but here’s another fact to put some things in perspective for you: only 16% of E-Books on the Amazon bestseller list come from the top five traditional publishing companies. Another thing to consider is that 84% of all bestselling books are from self-publishers, like Elite Online Publishing. Of course, at Elite Online Publishing, all of our authors are #1 bestsellers, which helps to prove that you will definitely be making some money by self-publishing your book.
Of course, these numbers don’t even consider sales from people who buy their E-Books using their Nook. E-Books are a reliable industry that you can always count on. With that in mind, you will always see a flow of money coming in from the book that you self-published. People are always looking to increase their knowledge, and books are a way to learn about a topic you don’t know anything about or to just learn more about something they have a good grasp on. No matter what the topic of your book will be, there is always going to be someone out there to buy it.
-- Melanie Johnson & Jenn Foster - The Brand Building Publishers