Your Ghostwriter Online

Can You Make Money from Writing Your Book?

By T.R. Locke on October 1st, 2019

Many people who think about writing a book always want to know whether or not they have an idea that will make money.  How do I make money writing my book? How much money can make writing my book? How much money can I expect to make from my book? It doesn’t really matter how they phrase the question, what they want to know is whether it is worth the investment of time, money, and work. Meanwhile, other people don’t care if their book makes money because they have a different goal—perhaps they want to create an eternal record of their story or they want the satisfaction of completing a major life goal, so they spare no expense in reaching these dreams. Many more, however, want to use their book to catapult them into another level of business—more clients, more speaking engagements, a career change, more authority in their field—because they know that these things, rather than the sales of the book alone, will lead to more money, prestige, prosperity, and opportunities.

People approach the idea of writing their books from many different angles. Of course, books can make money—some have made their authors millionaires. One series made its author, J.K. Rowling, a billionaire, which is amazing considering she was living in a public housing project while she wrote the first Harry Potter book. Forbes reports that the world’s top writers make $20-90 million dollars a year. So, writing a book can definitely make money. But writing a book doesn’t always make money. After all, it’s hard to get your book seen among so many other books unless you have a very strong platform to reach many readers.

In some ways, asking whether or not your book will make money is like asking whether or not your new restaurant will make money. It depends. If you open a restaurant in an area that has a small population, little interest in the food you serve, or no money to buy it, success is not likely.  However, an average or even poor restaurant in a location that has a huge population of people with money will likely do better than an excellent restaurant in a place with few people. If you have a large audience and you know what they like and how to reach them, you can do quite well. The most successful writers tend to write to an audience that they know very well—Stephen King writes mostly horror; James Patterson writes mostly crime mysteries; Robert Kiyosaki writes financial books—the same audience buys their books over and over again.  Specializing in a genre can help you find your audience or niche quickly.  Knowledge of markets and audiences can keep you from writing a book no one wants to read and maximize your success.

Audience and marketing analysis is just one benefit of working with Your Ghostwriter Online. The professionalism of working with a proven ghostwriter helps assure your book is best positioned to reach your audience, help you make money, raise your authority, build your business, and maximize the potential of your story. Give me a call today. If I don’t believe there’s an audience for your story that you can reach, I won’t waste your time or mine. If, however, you have a book idea that people want, there is no limit to how much money you could make with your book or where your book could take you or your business.

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