Ebooks are a great way to share your knowledge and expertise with the world, while also earning a passive income. And Medium is a great platform for selling ebooks, with its massive user base and diverse audience.
Here is a step-by-step guide on how to earn money by selling ebooks on Medium:
Choose a profitable niche
This is the most important step, as it will determine the success of your ebook. Choose a topic that you are passionate about and that you have some expertise in. You should also do some research to make sure that there is a demand for ebooks on your chosen topic.
The global ebook market is expected to reach $21.5 billion by 2027. The most popular ebook categories are non-fiction, fiction, and romance. Self-published ebooks account for over 30% of the ebook market share.
Write a high-quality ebook
Your ebook should be well-written, informative, and engaging. Make sure to proofread and edit it carefully before publishing.
According to a recent study, 63% of readers said that they would be more likely to purchase an ebook if it had a professional-looking cover. 82% of readers said that they would be more likely to purchase an ebook if it had a well-written description.
Design an attractive cover
The cover of your ebook is the first thing that potential readers will see, so it’s important to make a good impression. Invest in a professional cover design, or create your own using a free online tool like Canva.
According to a recent study, 72% of readers said that they would be more likely to purchase an ebook if it had an eye-catching cover.
Set an appropriate price
You want to price your ebook competitively, but you also don’t want to undervalue your work. Consider the length of your ebook, the quality of the content, and the demand for ebooks on your chosen topic when setting your price.
The average ebook price in 2022 was $4.79. Self-published ebooks are typically priced lower than traditionally published ebooks.
Promote your ebook
Once your ebook is published, you need to start promoting it. You can do this by sharing it on social media, writing guest blog posts, and running paid advertising campaigns.
75% of ebook buyers said that they discovered new ebooks through social media. 68% of ebook buyers said that they discovered new ebooks through guest blog posts.
Here are some additional tips for selling ebooks on Medium:
- Make sure your ebook is well-formatted and easy to read.
- Offer a free preview of your ebook to potential readers.
- Create a landing page for your ebook where people can learn more about it and purchase it.
- Run regular promotions and discounts.
- Build relationships with other Medium writers and promote each other’s ebooks.
By following the tips above, you can start earning money by selling ebooks on Medium. Just remember that it takes time and effort to build a successful ebook business. Don’t expect to get rich quickly. But if you are willing to put in the work, you can earn a steady income from selling ebooks.
