This one is for those who have serious writing aptitude. Pick up a topic, it can be anything under the sun, a sport, hobby, some technique anything that catches your fancy. Research it, read up on it, and write a book on it. In case you have a particular hobby or interest you can write up on that too. For those of you who like creating stories, fiction writing too is hot business.
The essential commodity here is aptitude for writing. If like me you hate writing long stuff, books are not for you. And if you love writing, this is the thing for you on internet. You can publish and sell eBook online independently or by working with companies like Amazon.
With the increasing use of Kindle, eBooks are becoming quite popular with the reading audience. Since an eBook does not require any investment, like printed version it translates into profits from day one.
How to Make Money from this:
- Amazon offers a free service called Kindle Direct Publishing. The service allows anyone to self publish books on the Kindle (electronic) bookstore and earn royalties from sales. There are two plans you can choose from — the 35% royalty works across any book sold in any country while the 70% royalty plans works if you sell in a few select countries. Indian authors can choose to set prices specifically for the Indian bookstore and receive royalty payments in Indian currency as well.
Earning potential – 5$ 100$ per sale. Depending on how you price your eBook and how popular it gets.
Expertise Level required – Intermediate. Ideal for people who have passion for writing and researching. The more information you can pack into a book the better it will sell.
I nvestment required – NIL, you only need your laptop and an internet connection.
Where can you start – Amazon Publishing
