Publishing online can be an amazing way to make money as long as you have the right guide and exposure. Making money from publishing is dependent upon the content, how you publish and how big the audience is that you have. There are some things that you should know before publishing online, and this is where you can get the help.
Online publishing is self-publishing. It means that you own all rights to the materials as well as receive a significantly larger royalty. There are two methods of publishing online. You can do print on demand (POD) and Digital copies. Though digital copies are usually the best bet you can, however, make a considerable amount by doing both avenues. Just keep in mind that though Digital is easiest to scale that some customers like the feel of print. Servicing the entire market is best. However, you should know and understand each segment.
Digital publishing is usually in the form of a PDF, App or another online service. The advantage of this service is the fact that it is easy to scale. Numerous copies can be created in sync with demand. However, there are some pitfalls. Digital sources can be pirated more easily than print sources. Therefore, your successful publication can end up hemorrhaging money. Therefore when using Digital; publish on apps and pay to view services to help protect your intellectual property.
Print on Demand (POD)
Print On Demand is an option where you can publish, and it would be printed for delivery when there is a purchase. Therefore you won’t need to estimate market demand and waste money printing stock. After that, the POD service would mail the publishing to the buyer to complete the service. POD has less risk of being pirated but is more expensive and has a delivery time.
When doing POD, you MUST ensure that the book cover is designed well and that the book is also formatted correctly. This is a mistake that people make all too common. Therefore you should seek some help when going about this. Also do get a copy for yourself before allowing the print to a wide audience to see if you and your possible reader base will be satisfied with the publication.
You need to consider the audience base when doing online publishing. To make money, you will need to have a sizeable customer base. This won’t be a problem if you already have a decent online presence as the support that you may receive could even be larger than the size of your following do to sharing between peers. However sometimes the audience base may not be desirable, whether it is too small or non-existent, you can grow the audience over time and thus increase your earnings.
You can build your audience and book purchase by using social media and blogs as a way to promote your publication. Also, you can even ask for support from other social media entities and bloggers to help get your work out to a larger audience. The idea is to create a space for a community around your publication (over time they will form of their own accord ), this will allow people who like or have similar ideas to have a gathering place. This will, in turn, grow the reader base swiftly with time and may in some cases grow faster than you could think possible.