This is Part 2 of a series on the best free online tools for earning money on the side as an academic. For Part 1 on Udemy, click here.
Kindle Direct Publishing. Amazon’s self-publishing platform, open since 2011. Authors are free to publish books in any category, with few restrictions. Authors keep 70% of the royalties, provided their books are priced between $2.99 and $9.99. If books are priced above or below this rate they keep 35% of royalties. Some indie authors have earned millions of dollars through self-publishing. Even some established authors are abandoning traditional publishing for these higher profit margins. Most authors write a book with a minimum of 15,000 words, although 30,000 words on the low end is better.
How To Use It
The best way to ensure high sales of ebooks is to look at what books are already selling. Explore the book categories on Kindle and see what the best-selling titles are in your area of expertise. This will give you ideas about how to calibrate your expertise for the buying market.
To produce an ebook, all you have to do is write a document in Microsoft Word, then include a title page and break up the content by chapters. When it comes time to upload the content to Kindle, go to kdp.amazon.com. The website will walk you through the process of uploading all the right materials and formatting your word document.
Your ebook also needs a cover. The simplest, cheapest place to get a custom cover designed is fiverr.com. Thousands of people are willing to design a high-quality, original ebook cover for $5. I have used fiverr.com for nearly all my ebooks with great results.
Want to learn about these skills and more? Get a free copy of “5 Free Online Tools to Make an Extra $1,000/month as an Adjunct Instructor” by clicking here.