Publisher's Synopsis
This essay sheds light on how to make money as an author and elucidates the most profitable passive incomes streams to grow as an author. Additionally, how authors can sell coaching packages to clients is delineated in this essay. In the digital era, earning a substantial income as an author is now more viable than ever before. Moreover, writers can generate revenue from multiple passive income sources beyond earning advertisement revenue from blog posts and beyond receiving royalty payments from eBook sales. Authors can parlay their clout and expertise into lucrative opportunities to further build their brand in a plethora of various ways, such as by creating automated courses and securing sponsorship deals. When devising a blogging brand and creating insightful blog posts, you want to offer so much merit in your content that brands and prospective readers cannot turn a blind eye towards reading your articles. Generating revenue through being an author on Amazon Kindle Direct Publishing can be substantial overtime, especially for authors enrolled in KDP select. Enrolling in KDP select allows authors to reap a 70% royalty on eBook sales and also earn royalty payments commensurate with the number of Kindle Unlimited page read. Furthermore, prospective authors should focus on writing about niche topics and offering their eBooks for $3.99 or below to entice sales. Authors can also provide their books in both the hard-copy format and eBook format and can relinquish their eBooks for free as review copies. Having a higher sales volume will culminate in ranking higher in Amazon's search engine ranking algorithm which will lead to more sales overtime. Prolific authors can generate a livelihood solely through being published on Amazon since it is the number one platform for eBooks. Furthermore, they can also invest in leveraging Amazon advertisements to further amplify book sales. In order to obtain more revenue, authors can enroll in Medium's Partner Program and can post articles called stories onto Medium. When Medium subscribers clap, the author receive a portion of their monthly subscription fee. The more frequently a Medium member claps, the smaller the portion of the author receives of the individual Medium member's subscription fee. Therefore, Medium subscribers who clap the least frequently, allow authors to generate the utmost highest revenue from claps on their articles of up $1-$2 per clap whereas Medium subscribers who clap the most frequently only provide .01-.$1 per clap. Moreover, in terms of traffic, Medium is ranked in the top 300 most popular websites worldwide, and is ranked in the top 140 websites in the United States. Medium earns more than 60 million monthly readers and also allows blog imports (Blake, 2018) which renders it a lucrative platform for for posts of insightful articles by prolific authors. Authors can also capitalize on creating a blogger brand to draw forth advertisement revenue. Writers can earn advertisement revenue by generating this income per advertisement impression or per advertisement click on their blog. Advertisements can be embedded onto the sidebar, header, footer, and even in the text of their blog posts. Ultimately, a career as an author can be extremely lucrative in the long haul as a result of there being ample ways to generate passive income. Authors can earn passive income from eBook sales, Kindle Unlimited page reads, advertisement revenue, affiliate marketing revenue, Medium partner program revenue, and course enrollment revenue. Additionally, authors can also generate additional income from sponsorship revenue by creating paid sponsored posts and by selling coaching packages. In conclusion, growing a profitable blogging brand, producing an abundance of insightful articles daily, and producing a myriad of eBooks that establish yourself as an expert of your niche can be extremely lucrative in the long haul as your following further grows and your content builds more traction.
