Friday 9 March 2018

The Math Of Earning an Income From Writing & Publishing Books

So...the other day I was thinking about earning money from writing books.

I was thinking about it because I'm about to embark on using a new distribution and POD channel for my books and ebooks.

And it got me to thinking about earning a full-time income from writing and publishing books which is what I get asked about a lot.

So here is the math that I was thinking about:

If you write and publish books and ebooks and earn $2 royalty for each copy sold, then to earn a decent income, which in my humble yet extremely accurate opinion is $100,000, you'd have to sell a lot of books.

So a $2 royalty per book/ebook means that you'd have to sell 50,000 copies of your book every year which is about 4,167 copies per month.

Hmmm...that's a lot.

But look at it another way.

If you've written 50 book/ebooks and you earn $2 per copy, then you'd only need to sell 1,000 copies of EACH book per year which is around a mere 83 copies of each book every month.

So isn't it a lot more do-able to sell 83 copies of a book every month instead of 4,167?

Not only that but if you've written and published 50 books and someone reads one of your books and likes it, chances are that they'll buy more books from you.

But if you have only one book to sell, once someone reads it, you have nothing more to offer them so you have to find new customers.

Of course, there is another way to look at it and that is to consider earning more than $2 per copy sold.

You could always charge more for your books and earn $5 per copy which would mean that to earn $100,000, if you've written 50 books you only need to sell 400 copies of each book every year which is about 33 copies a month of each book.

But to charge more, you have to write really good books that hook your reader in so that they not only want to keep reading the book they already have, but it also makes them want to read more of your books.

Selling 33 copies of each book every month shouldn't be too hard, especially if you've got 49 more books to offer.

But first, you have to write and publish 50 books or ebooks.

Which is why I always try and tell people to write quickly.

Don't get it right, get it written.

You can always go back later and edit your work. But you can't edit a blank page.

You just start by having a really good system for writing and publishing fast.

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Write Any Book in 28 Days or Less.
Laid out in an easy to follow style and suitable for writing fiction and non-fiction. Just follow the advice as you go through the course and by the end, you’ll have your manuscript written, working just 1 hour a day.
http://ruthiswriting.com/links/writequickly.html



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