I've said it before and I'll say it again, books (physical, Kindle, ebooks) are the easiest passive income you will ever earn online.
It takes a BIG effort to research and write the book, but books can sell over and over again, for many years, to many hundreds or thousands of people.
Most people overlook this awesome passive income stream. They think it is so much harder than what it is, or they believe they have nothing to write about…
When I wrote the model train beginners guide, my research consisted of going to a model train show and listening to the questions people were asking. I then sat down and created a table of contents from those questions, researched answers to all the questions and then wrote the ebook. It took about 10 days to research and write the ebook.
Over 3 years I sold over 4,000 copies and the ebook is still selling!
Let's do some quick maths…
4,000 copies at $27 = $108,000.
10 days work at about 6 hours work per day = 60 hours.
Thats $108,000 for 60 hours of work = $1,800 per hour.
NOTE: I have rounded numbers for simplicity, but you get the idea… Put in a BIG effort one time and get paid over and over again.
That's what Richard's plan is, so let him tell you his story…
My name is Richard Guy and I live in Beaumont, CA, USA.
I am a Manager, and don't have any hobbies.
I have learned internet marketing from Perry Marshall's stuff and some of Glenn Livingston's. I've spent about $2,000 on training.
I've made some money with Adsense and selling ebooks. My website is Tudors.org.
I need to improve my selling of ebooks and want to create a subscription program.
My end goal is to build a website and ebook library, and eventually sell it all for $100,000 or more.
I am very computer savvy and have a strong track record of success at my other business (co-own animal hospital). However, I am not entirely sure of the best strategy for selling the ebooks, or how to create a subscription product.[/box]
Richard, there wasn't a lot of detail in your reply, so it is hard for me to understand exactly where you want to go with your business.
However, as soon as I learned that you are a co-owner of an animal hospital, I had many ideas.
Pets are a massive market and you can never have too many how-to guides. Because you are a animal hospital owner you are going to have access to the best possible tips on animal care. This will be very helpful to pet owners.
You could also create the ‘Richard Guy' series of guides… similar to the Dummies guides.
I would love to know what you learned from Perry Marshall and Glenn Livingston, and what you managed to implement from their training?
I look forward to your comments.
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Ian is a successful offline and online entrepreneur with over 20 years of marketing and business experience. He is very passionate about living a life with time, income and location freedom. Find out more about Ian McConnell >>
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