If you want to make money online, then selling an ebook has to be one of the very best strategies there is. When you sell an ebook, you are selling your own product which right away helps you to maximize profits. You’re not an affiliate or an advertiser; you’re now right at the top of the pyramid as far as selling goes and you don’t have to share your profits with anyone.
At the same time, when you sell an ebook, you keep people more attached to your brand. When you advertise, you are essentially being paid to send your visitors away from your pages. When you sell a product of your own conversely, the visitors are engaging with your brand much more and seeing even more evidence of your authority. If you sell an ebook and it’s good, then you’ll find it’s even easier to sell more ebooks and other products in the future!
And as though that wasn’t enough, ebooks also have the significant benefit of being completely free to produce and having no overheads or ‘COGS’ (Cost of Goods Sold). That means that all the revenue you generate from your ebooks will be 100% profit and it means that you won’t lose any money if the book turns out not to sell! This is a completely risk-free business model with the lowest barrier to entry around. And as an added bonus, creating an ebook is something that anyone can do without needing any specialist skills or tools. If you know how to write and you have a basic word processor on your computer, then this is something you can build!