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Excerpt for

The Low Down on Niches

 

 

 

Introduction

 

I’ve written, published, set up, and sold several ebooks now, and these days it’s all second nature.

When I first set out to write and publish my first ebook, it was an arduous and tedious task – because I had no idea whatsoever how to go about it.  The entire project was trial and error; more error than trial, if you want the truth.

The thing I really love about ebooks is the ‘set and forget’ process that’s involved.  I adore the fact I can whiz off to other states, to conferences, and more, and my books sell – all hands free!

By selling ebooks I have an additional stream of income, one that requires little maintenance once the initial hard yakka is done. At the time of writing I have sixteen books published.  Those that are in print take much more effort to sell, and of course, there’s much less return.  With ebooks the initial monetary outlay is minimal as well.

I’m not going to say that you’ll end up a millionaire from creating ebooks, (I’m sure you’re sick and tired of all the hype and c**p, because I sure am!) but you will certainly enjoy a nice stream of passive income from each and every one of your books. Best of all, the overheads are minimal, and you get to keep 100% of the profits.

And with each book you create comes an additional stream of income. My very first book, released mid-2003 and updated a few years later, still sells regularly, and I absolutely adore the extra income it brings me for doing absolutely nothing!

I own several websites – most of them geared around my main niche of writing – and had an initial outlay of less than $100 for each of them.  If I were to set up a similar offline business, the outlay would definitely be much greater.

This book is a complete how-to, so I’ll cover as much information as humanly possible. That said, I am not going into absolute Internet basics in this book.  If you’ve purchased the book, downloaded and saved it to your computer and are now reading it, you’ve got the skills I had when I published my first ebook.  In fact, you’ve got more.  I couldn’t even do a basic internet search. 

I kid you not!

Having been down that horrendous track of wanting to create ‘info-products’ and not knowing how to, I couldn’t – in all conscious – send anyone else there.

So… grab your favorite beverage, sit back and relax, and enjoy the ride!

 


 

Benefits

 

Before we get into the nitty-gritty’s of creating ebooks, I’d like to point out the benefits, and there are heaps of them.  I’ve listed just a few of them below:

 

Choose when you work

I run my business – well – like a business!

Mine is a busy household with hubby and me, plus our son and his three kiddies (all ten and under). So just about anything goes here. 

That can sometimes make life a bit difficult.  Actually, it can make it a lot difficult!

I’m a working writer - that is, I make my sole income from my writing business - so my backside is planted firmly in my office chair from early in the morning.  I tend to work for at least thirty minutes before getting the children ready for school.

Once the children are off to school, my workday really starts.  My entire business is based around book writing, editing, proofreading, report and article writing, website management, and so on.  All writing-related tasks. Working from home - using the internet - is ideal for me, and I can work around the needs of my family – including the grandchildren.

You’ve heard time and time again about working in your pajamas?

Forget it!  Load of codswallop!  If you want to run a business, then act like a business person.  Get up, shower and dress etc, just like you would if you went out to a day job.  Believe me, this IS your day job now.

 

Be Your Own Boss

Yes, you can be your own boss, but you also need to be organized.  If you’re not, then you won’t last long simply because you won’t make money - because you can’t output enough.

Plan your day.  In fact, plan your week or month.  My writing-life evolves around deadlines.  Deadlines and release dates.  If I don’t meet my deadline, my publishers can’t release my books on time.  When that happens, the publisher loses money and so do I. 

When I plan to release ebooks myself, (and I do that several times a year), I work out a time-frame that I believe will work, then allow at least another few weeks.  If something can go wrong, it generally does. Oh yeah, Murphy’s Law is well and truly alive!

About one month before release date, I start to market.  But I’m getting ahead of myself; we’ll discuss that later in the book.

So… set up a planner, and a ‘to do’ list that’s easily accessible.  That will help with your organization. (Need help with this?  Check out this book.)

And I’m sorry, but I don’t adhere to the ‘work two hours a day’ rubbish.  If you want to make lots of money, you have to work reasonable hours.  So slacking off is not an option. 

 

More Time for Friends and Family


That’s one of the things I love about this business.  When my grandchildren arrive home from school I can spend time with them, and find out about their day.

I can go shopping in the middle of the day if I want and no one yells at me.  (Except that voice in my head!)

 

And if I lose a couple of hours during the day for whatever reason, I can make the time up at night or early in the morning if I want. 

And of course, there’s no travelling, so I don’t lose two or more hours per day travelling, like I did when I had a day job.

 

The World is Your Oyster!

Since the introduction of the internet, the synergy of the world has changed. We can sit in front of our computers and reach gazillions of people. 

You can reach a much wider audience than we would ever have dreamed possible, and can make more money than ever before.  More people than ever are using the Internet and research has shown that older people are now taking the plunge too.  That’s opened up even more opportunity for sales than before.

If you know how to go about it, creating ebooks is simple.  Write your book, upload it, sell it! 

Okay, so it’s not as simple as that.  But you can fully automate your business and it becomes almost hands-free.  We’ll discuss this in fine detail further into the book.

 

Multiple Sites?


This is certainly possible, and in many cases, necessary.  I own several sites, but mostly keep within my main niche of writing.  That’s because I know more about writing than anything else.  (Besides cooking, cleaning, and looking after kids! ☺)

I own more than a dozen sites now, and those that are writing-related pull the greatest amount of income for me.  I believe the reason is that writing is my passion, and I know the subject thoroughly. 

Again, in case you missed it, you need to be incredibly organized to run these multiple businesses. 

 

Think you can handle it?

Then let’s get down to business!

 

 

What is a niche?

 

Simply put, niche means a defined subject or area of interest.  Examples of niches are weddings, parenting, pets, health, crafts, Christmas, real estate, weight loss, and so on.  Each of these niches needs written materials to sustain them.

I’ve been ‘working’ the internet for several years now, and have discovered that most writers are leaving money on the table – simply because they don’t understand, or even know about niches.

This is an area that can bring you expert status, or can help fill your wallet, depending on your goal.  Usually it will do both.

As you maybe aware, I am the author of several ebooks for writers – all of which I self-published.  Each of these was written because of a distinct need in the writing niche.  In every case, I researched before I began, and asked myself several questions:

 

Who is my target audience?

Are there any books of this type already available? If so, how many? (With at least two of my proposed titles/subjects, I had no competition whatsoever!)

Will my book address anything that isn’t currently addressed? (Different angle, provide previously unknown information?)

What makes this book stand out against the others? (What can I bring to this book that will make it unique?)

Why would people pay money for this book when other books on this subject exist already? (Your expert status alone could do this.)

What value can be placed on this book – both monetary and usefulness?

Would a publisher pick this book up for its commercial value? (Commercial value = saleability)

Will the resultant sales cover the cost of the time involved in producing this book/product?

I’ve found that the commercial value of a book is the last thing on most writer’s minds.  And that was true for me also until I took an online course called “Thinking Like Your Editor”. The course emphasised that a book needs to be a commercially viable product for a publisher to pick it up.  In the niche marketing/writing arena, you are the publisher.

The bottom line is this:  if a publisher contracts a book and cannot sell it, they’ve wasted not only their time, but heaps of money as well. (Time is money.)

So before they decide to contract the book, they’ll look at its feasibility, as I’ve done above.  Just because you’re going to self-publish an ebook doesn’t mean you can fast-track the research or disregard the feasibility factors.  In the end, you’re doing it for more than the satisfaction of a job well-done.  You’re doing it for the potential earnings, and if that book makes little or no money, then you’ve wasted a lot of time and effort.  Hence the reason for research and feasibility studies.

When I wrote my first ebook, there was very little information around.  I struggled for months trying to put it all together.  The help simply wasn’t there.

I don’t want you to struggle, I want you to learn some of the ‘tricks of the trade’ and make your writing career the best and most profitable it can be. 

 

To read the Table of Contents for this book, click here.

To continue reading, click here.

 

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