What we are doing and what we will do in the future for you?
We’ve been focusing on passive income and related to this topic which will help our reader to become financially free or financially independent(FI) and help them live their life easily. In our previous article Four Ways to Generate Cryptocurrency (Passive), We’ve talked about jobs and how people might lose their job in the long run. Furthermore, in our other article Two Ways to Earn Passive Income gave the reader about perfect two ways to generate passive income which you can consider to read. We will continue to give you materials, tools, and education related to finance business, money, and income. There are lots of ways to generate passive income. Here, we are going to talk about how you can generate passive income by writing a book.
Generate Passive income by writing Book
Let’s answer some popular question that we have in our mind about writing book:
- What is the best Book Writing Software?
There are lots of software that can found to write a book some most popular software is Microsoft Word, LibreOffice, iBook author, Google Docs and more.
- How much does it cost to publish a book?
If the author wants to publish e-book if he is willing to do everything from creating cover images to editing, it’s not going to cost him anything but time. The writer must allow lots of time to book writing. For me, it’s cost $25 to make the cover and professional editing is in the way.
- How to find a publisher for my first book?
According to our research writer can land a traditional publisher who will offer you a book contract, hire a Company or Self-Publish.
- How to publish a book for free?
It’s easy after writer wrote a book, he/she can wrap it up and can upload in multiple platforms such as Kindle Direct Publishing, Kobo Writing Life, Barnes and Noble Press, apple books and more.
- How to publish a book yourself?
By using words processor software such as Microsoft Word, LibreOffice, iBook author, Google Docs and more can write a book and then write will be able to upload in multiple self-publishing platforms.
- How to write a book outline?
To write a book outline writer one can use a mind mapping software or can use a word processor to write an outline.
- How to write an eBook?
It’s easy to write an eBook, the writer can use word processor software such as Microsoft Word, LibreOffice, iBook author, Google Docs, and more, and then the writer can export a book in PDF and some other format which is called eBook.
- How to write a book for beginners?
Beginners can start to write a book after creating an outline of the book and then the author can start writing a book in Word processor software.
- What is the Step to publish a book?
There are lots of steps need to follow to publish a book including Creating an outline, writing a book, Export book in Various formats, upload to publishing platforms (Kindle Direct Publishing, Kobo Writing and print a hard copy of the book.
Moreover, writing books or E-book can be a lucrative way to generate passive income, which might lead you to FI(Financial independence). Likewise, other passive income, the work is done upfront and the rewards continue to come later. No doubt passive income is a powerful tool that we can use to gain financial freedom(FF) or financial independence(FI). There are lots of ways to generate a passive income, but here we are going to discuss one in particular: Self-publishing book.
Story about me
Firstly, I study some Nepalese Nobel. Secondly, I also wrote my own Nobel but I haven’t published yet. After I come to Australia I am interested in personal finance, business, money, and some other areas related to them. Initially, I jump into at ComSec of the commonwealth bank of Australia. Later on, someone told me about Bitcoin, and then I’ve started to research them. Not only research, but I’ve also jumped into cryptocurrency markets. There is some good project can be found on the cryptocurrency space such as Fast, Secure, and Private Browser(Brave). Furthermore, I’ve read a book called Rich Dad and Poor Dad, Think and Grow Rich, Intelligent investor, Security analysis, and more.
How I become an Author?
Something happened, I was working at Westfield Chatswood, Australia. Follow up, searching for ways to generate money on the side. I’ve researched online with google and come away inspired.
Finally, I made some money in cryptocurrency in 2017 and 2018 by trading them. This amount was between $5,000 to $8,000 in the cryptocurrency bull market, while there were bear markets then I started to write a book “Opportunity to make millions”. I enjoyed writing very much.
My income and earning by writing book
Initially, I earn around $500 by selling books. In fact, this is not from selling in amazon or any other online services but from mouth to mouth marketing. That’s why mouth to mouth marketing can be a very big advantages but later on, I found lots of mistakes in my book. Further, I got feedback from my readers and family. Soon after, I decided to stop marketing for now and turn my attention to improve my book cover and correct a mistake.
Believe me, if you follow your passion or if you do whatever you love you will be the happiest person in the world. Every day I feel very happy, and I am always appreciating myself what I did, what I am doing and what I am going to become?
“Follow your own passion – not your parents’, not your teachers’-yours”. – Robert Ballard
Now, let’s get into the topic. So, how exactly can you self-publish a book? No doubt there are multiple ways to becoming a writer or author: traditional publishing, or digital publishing. In fact, nowadays it’s really easy to become an author than ever before, if you have a computer or mobile in your hand you can be an author.
According to the Statista, there are 310 Million active user accounts, amazon is the best way to get your book into the hands of millions of readers.
Step to Create your Self-Book (Summary Step)
Write a Book that your Readers will love !!
- Create thoughts and idea using mind mapping software (Generate idea and Write a book your readers want to read)
- Choose your favorite Word Processor software (Such as Microsoft Word, Google Docs, Pages, Libre Office, iBook authors, etc)
- Come up with a Title and Subtitle.
- Create an outline for the whole book, including all the topics that you want to include in your book.
Technical Side!!
- Write a book without revising, you can always re-edit later such as grammar and another aspect of your book.
- Editing Process, Book Cover, Formatting, Description, Book, Book Categories, Keywords.
Marketing and Publishing
- Finally, you can pick a friend, family, or someone who will help you to find out a correction and will help you with everything.
- You will need a very nice cover image as well. (The first impression is the last impression, you won’t get another chance to give a first impression.)
- Self-Publishing on Multiple websites
Potential Income
There are lots of things needs to consider and also will impact your potential income including
- Advertising
- Your writing professionalism
- A platform that you are going to sell
- Your authority in the market
Swim deep into the river
Editing process
After research, on google, we’ve found that the editing process can pass to the professional editor. According to our research, it’s going to cost you from $200 to $2000. It depends on which outsourced platform do you use and what kinds of professional editor you use.
Book Cover
Unquestionable, the first impression of the book is Book cover, as we’ve already talked about the book is the first impression to attract your potential readers to do that writer or author one has to make it clear, nice and neat. You can get a book cover for as little as $5 on outsourced websites such as fiverr.com or freelancer.com. For me, it’s cost me Australian $25 in freelancer.
The main part of your book cover is the
- Title
- Subtitle
For example, in my book
- Title: Opportunity to make millions
- Subtitle: “Lifetime opportunity to make millions in Cryptocurrency”
In addition, it could be better if you choose the title carefully – make sure it gives your potential reader related content. The author can brainstorm using mind mapping software.
Formatting
In this step, you are going to make sure that the book format that you are going to upload to the platform you’ve chosen is compatible with it.
Description
For me before buying the book I’ve always read the description. This is, of course, your sell pitch for the reader. To make a perfect description, you can have a look at Amazon or other places of other Book Description.
Book categories and Keywords
Keywords are most important, either for google, bing, yahoo, or any other search engine. In addition, Keywords bring us to the area where exactly we are looking for. It will lead us to the resource whatever we are looking for.
Keywords are the main word that users may enter into the search bar of the website when looking for products or books.
Self-Publish on multiple websites
There are lots of option can be found to self-publish the book. For example:
- Kindle Direct Publishing
- Barnes & Nobel Press
- Kobo Writing Life
- Apple Books
- PayHip (Sell digital product in PayHip)
If you are looking for more, you can google and research about them. Research is one of the most essential skills that everyone needs either in business, finance, investing, medical sector, education, and more. Once, you have your book written and wrapped, now time to upload it to the multiple Self-Publish website platforms and hit publish.
Marketing
Advertising is most important because, even if you have a good book but if people don’t know about it, it will end up. Again, Promoting helps you to bring your book to the mass people. Furthermore, marketing gives people knowledge about your product, book or anything. In fact, there are lots of ways to market your books including:
Number Broken Down
Finally, here is the final ingredient which made a book publishing-ready.
- Total book income (Around AUD 500)
- Book cover expense: $25
- Book editing expense: $0 ( Are going to cost more if I want to edit with professional editor)
In conclusion, What do you think? Do you want to become an author? or Do you want to reach a million people with your voice or story?
we’d love to hear from you even we’d love to help you with your book publishing journey.
And as always, if you have a question, please send us an email at info@currencyhacked.com. also, if you want to contact our chief-editor contact him at seeba@currencyhacked.com
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