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My journey to £1000 a month by writing eBooks

Discussion in 'Making Money' started by bulgariangypsy, Apr 17, 2011.

  1. bulgariangypsy

    bulgariangypsy Newbie

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    Right then, hello people of BHW!

    I've been following this site for a while but never properly got involved. After reading a fair deal I've decided on a course of action to start earning money online... writing informative eBooks.

    I got my main kick up the arse from the ramblings of the bloke on this thread: (edit: can't post links, it's the one entitled "My success story. 500k/month."). The actual IM information I gleaned from this thread was that with enough products you can make yourself a substantial income after the initial hard work. I realised quite early on that you can't really make any money in life if you don't put in lots of hard work prior, and I think that's an incentive as it's all the more better when it pays off.

    So, I've created this thread to keep y'all documented and updated, and to motivate myself. So here's my plan....

    I want to begin with 10 eBooks. I've ever so crudely worked out that a 100 page eBook is around 60,000 words. Now this seems like a fair amount, but in a good day I can quite easily crack out 8,000-10,000 words a day, especially with proper research. And I can always write less, I just think that 100 pages seems like a good ball park to aim for and if it's less - and I've got all the information in - then that's a bonus.

    I'm aiming for £1000 a month by using two separate assumptions:
    1) If I sell (on average) each eBook for £20, then I'll need to sell 50 eBooks a month, or 5 of each a month.
    2) If I sell them for £50 then I need to sell 20 in total, or 2 of each a month.

    I'm using the numbers game here, but I think it's better to have these initial goals set so I can work towards them. And of course if by the end of the year I've written, say, 50 eBooks and each one sells for £20 and I sell 5 of each a month then that's a cheeky £5000 per month. Not bad.

    I've got six months off from uni so I think that 10 is a good target.

    As for the actual eBooks, to begin with I'm going to/have done research into areas that I know quite readily about and concentrate on these. Then I can diversify as I get more comfortable. I think I might also buy DNS so I can get words out even quicker.

    So what do you guys think? And also could anybody suggest some good eBook software that makes everything look professional.

    Thanks for your time and suggestions.
     
  2. Pyronix

    Pyronix Junior Member

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    why not save your self allot of hard work and outsource the research and writing of the books ??
     
  3. hateandbreak

    hateandbreak Supreme Member

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    He might not have funds to outsource. It'll be worth your time OP! :D
     
  4. Freakout

    Freakout Newbie

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    Do you work with Clickbank?
     
  5. bulgariangypsy

    bulgariangypsy Newbie

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    Hah. That is entirely true. Hence the being at uni part. Plus I think it'll teach me the payoffs of hard work.
     
  6. Sleinad

    Sleinad Senior Member

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    Yeah..outsource it mate. Just make sure you get a good english writer, otherwise the ebooks will end up being shit.

    You can save SO much time outsourcing, I wouldn't even think about doing it all myself..
     
  7. adbot

    adbot Power Member

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  8. bulgariangypsy

    bulgariangypsy Newbie

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    Well not yet as I haven't actually made the eBooks yet, but that was going to be my initial option for selling them, with landing pages and all that jazz. That and maybe Amazon.
     
  9. thetvnun

    thetvnun Power Member

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    have you considered kindle?
     
  10. hateandbreak

    hateandbreak Supreme Member

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    That is Exactly right my friend. ;)
     
  11. Pyronix

    Pyronix Junior Member

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    outsourcing the research and writing would allow for a quicker time to market
    allowing you to concentrate more on the sales aspect might be cheaper than you think try posting an ad for a writer on Craigslist Philippines some might do the work for a share of the sales or deferred payment.
     
  12. richardblock

    richardblock BANNED BANNED

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    Good to see you want to take action fast... heck thats great!

    However...

    My advice to you is to NOT try to crank out 10 ebooks all at once, you won't end up getting anywhere trust me, you'll overwhelm and overload yourself especially since you plan on doing it by yourself.

    Plus, what do you think is better, 10 crappy ebooks, or 1 great one? Not to doubt you since I don't know your experience but im assuming you may not be that good at copywriting either. So that's yet another obstacle to run into.

    Good you're hyped up, but skilled people have a laser targeted mindset and work it up from there. Just shoot for 1 ebook and really do your keyword research for that niche, because in all honesty $1k per month isn't actually that difficult with your own products if you plan correctly, especially if you build a list from targeted traffic and offer them valuable content free upfront.

    Always Keep this in mind: Undersell and Overdeliver- The perfect selling formula ;)

    Just my two cents
     
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  13. bulgariangypsy

    bulgariangypsy Newbie

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    Great advice! Cheers fella. Like you said, I'm going to stick with the first eBook for now, spend like a month on it and go from there.

    Okay so for the update...

    I've decided on my niche for the first eBook. I'm looking to sell it on places like DP, WF and possibly here, as well as ClickBank and Amazon. When the eBook is nearing completion I'll start building up followers/mailing list and give out free advice to build up the hype. As well as put out a few videos to help with this.

    I'm also going to offer extra parts with the eBook as this is something I can do quite readily. I'm toying with the idea of doing video tutorials as well, as I think this will help with bringing greater interest.

    Today I'm going to thoroughly research everything that is in my head, and hopefully by the time I've finished I should have 2 pages of initial research. From these 2 pages I'll hopefully turn it into around 10-20 pages of substantial research which I can then easily turn into the eBook.

    Also, I'm fully committed to this project and if anybody wanted to JV to guide me a long a bit and help me out (not money wise, like reading through the book and offering advice) then I'd happily offer you a percentage in return.
     
  14. vlerian

    vlerian Junior Member

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    Good luck with your journey mate.
    To anyone who has the experience on this, approximately, how much does it cost to outsource a 100 pages ebook?
     
  15. bulgariangypsy

    bulgariangypsy Newbie

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    Update 18 April

    I've written the two page initial research document, totalling nearly 1000 words already (about 2 pages).

    My next plan is to turn this into another research document of around 10 - 20 pages so that from there it'll be easy enough to write the book, plus with padding of pictures etc I should hopefully come to my target of 100 pages.

    Other than that I've got to collate and write the code for the extra stuff and then begin writing once this is all set up.
     
  16. bulgariangypsy

    bulgariangypsy Newbie

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    I'm beginning to think that I could make more money by writing 60,000 words worth of articles for people :p.

    But nawh, hopefully it will all pay off.
     
  17. wholesalereplica

    wholesalereplica BANNED BANNED

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    60k of words seems like a heavy e book, keep it pertinent and interact with the customer

    offer great value add ons to boost the initial sale, a couple free at least, then you can upsell from there

    do you have the profile to sell in the other forums? if not get a partner to do it that has the rep or you could be really wasting the time- obviously they would get a %

    Finally get some good reviews before you get to market from people who matter on that forum

    good luck
     
  18. bulgariangypsy

    bulgariangypsy Newbie

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    Having made the notes I think you're probably right about the 60k of words, but I just think that the content provided will be useful and it'll be interlaced with pictures etc, so maybe 50k is more apt.

    As for the add ons I'm giving away a pretty hefty amount of extra stuff that the user will use for their own "thing" and will - I hope - provide a lot of extra value. It'll be basically everything the user needs to get everything up and running straight out of the box, as it were.

    And yeah, I'm definitely thinking of doing a joint venture with somebody who has done a similar thing in the past, and who is reputable. Plus I think the advice and knowledge they'll give me in return will be more than worth it. In return for a percentage like you said.
     
  19. ash1ey

    ash1ey BANNED BANNED

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    I wrote my first ebook a while back and the hardest part I found was writing copy that sells.

    Once you've finished writing your first ebook be prepared to spend a lot of time researching and testing your sales copy.

    Best of luck with everything tho bud I hope it works out well for you.
     
  20. Chees

    Chees Regular Member

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    I think the harder part will be promoting the ebooks. how do you plan to do it ?