120 Ways to Make Money from Your Book — a roadmap

120 Ways to Make Money from Your Book

A Roadmap

1. Ebook

2. Paperback

3. Hardcover

4. Audiobook

5. Boxset

6. Collection

7. Serial

8. Medium

9. Youtube Adsense

10. Graphic Novel

11. Spotify

12. Podcast

13. Blog

The first step is to create a version for each of these formats. It doesn’t mean you have to write the book 9 times, it means using a service like REEDSY to create an ebook in epub format.

Then use Reedsy to create a paperback version of the book.

Your paperback and hardcover formats should be compatible, but if they are not, then just make the adjustment.

You can choose to narrate the audiobook, or hire a narrator, or do a split royalty through a service like AUDIBLE, but going wide with audiobooks will expand your scope, but limit your depth.

You make the decision based on how you run your business.

Once you have one book done, you have options.

But some of the options on the list, like a boxset, can’t be done until you have three or more books.

And you can’t create a collection, unless you join an anthology with other authors (you should) or have enough written stories to share.

You can also choose to go wide or go exclusive with Amazon.

There are advantages to both.

Amazon can help new authors find their ideal reader through the KDP program, but it means the ebook is exclusive to Amazon for a 90 day period or longer.

If you start out in Amazon, you could use Kindle Page Reads as a revenue stream while you write the next two or three books in your series.

But if you go wide, your growth may be based on your direct sales channel as the biggest revenue stream, with Amazon being number two just for ebook sales, but without Kindle Page Reads.

This is a business decision for you, and there is no right or wrong answer.

Looking at the revenue streams for one book though, let’s roadmap how you compound it.

1. Direct sales through Payhip or Shopify or Your Website

2. Amazon

3. Barnes and Noble

4. Kobo

5. Apple

6. Google Play

7. Draft2Digital

8. Medium

9. Audible

10. Spotify

Just to give you an example go wide strategy, let’s imagine we have a book called HEIST.

1. Publish HEIST Ebook on Payhip or your DTC site.

2. Publish HEIST Paperback on Payhip or your DTC site.

3. Publish HEIST Hardcover on Payhip or your DTC site

4. Publish HEIST Audiobook on Payhip or your DTC site

5. Publish HEIST Graphic Novel on Payhip or your DTC site.

6. Publish HEIST Ebook on Amazon.

7. Publish HEIST Paperback on Amazon

8. Publish HEIST Hardcover on Amazon

9. Publish HEIST Audiobook on AUDIBLE

10. Print/Publish HEIST CD on Amazon

11. Publish HEIST Graphic Novel on Payhip

12. Publish HEIST Ebook on Barnes and Noble.

13. Publish HEIST Paperback on Barnes and Noble

14. Publish HEIST Hardcover on Barnes and Noble

15. Publish HEIST Audiobook on Barnes and Noble

16. Publish HEIST Graphic Novel on Payhip

17. Publish HEIST Ebook on Kobo.

18. Publish HEIST Paperback on Kobo

19. Publish HEIST Hardcover on Kobo

20. Publish HEIST Graphic Novel on Payhip

21. Publish HEIST Ebook on Apple.

22. Publish HEIST Paperback on Apple

23. Publish HEIST Audiobook on Apple

24. Publish HEIST Graphic Novel on Payhip

25. Publish HEIST Ebook on Draft2Digital. (unselect Amazon, Apple, Barnes and Noble, and Kobo)

26. Publish HEIST Paperback on Draft2Digital

27. Publish HEIST Hardcover on Draft2Digital

28. Publish HEIST Audiobook on Draft2Digital

29. Publish HEIST Graphic Novel on Payhip

30. Publish Heist ebook on Google Play

31. Publish HEIST Graphic Novel on Payhip

32. Publish Heist ebook behind paywall on MEDIUM

33. Publish HEIST Graphic Novel on Payhip

34. Publish Heist Audiobook on Spotify

35. Publish Heist Audiobook on Youtube

36. Publish Heist by the chapter on your blog (behind paywall or by subscription)

37. Publish Heist in anthology

38. Publish Heist in Collection

39. Publish Heist in Boxset with books 1–4

40. Publish Heist Boxset in Paperback

I’ve listed out 40 ways that one book can pay you.

Now imagine if you did marketing well enough to sell one book per channel per week.

Now imagine if you wrote 10 books and used the same strategy.

THAT’S how you compound your revenue streams.

But writing ten books is easy compared to finding a way to deliver your book in front of the right readers.

That takes marketing, ads, and a consistent publishing schedule.

We’re going to cover how you can do all of it free in the next article so go click subscribe above.

And then go write your book.

PS. Don’t stress about getting your book uploaded 40 different ways to all the sites in one day.

Schedule it out so you can make an announcement to your email list, and turn that into a blog post, which you can share with twitter and more!

(Ok, that was a glimpse of your everywhere all the time social strategy. Go hit subscribe for more!)