According to Mordor Intelligence, the global eBook market is bound to cross $23.12 billion by the year 2025.
Well, people who have a knack for writing eBooks or have current projects on the verge of completion with a professional editor can look forward to making their share of profits in this growing market.
But that’s not where the eBook industry limits possibilities. If you’re not a writer, then reselling eBooks can be your way of making money in this field.
Reselling an eBook is not different from the traditional practice where publishers take on the works of a writer, help sell and resell it to eventually take a cut from the revenue. The process is surprisingly simple and allows you to set up a secondary stream of consistently growing income that you can benefit from without actually writing a book.
An eBook reseller business requires no investment at all. You can work right from your home or a neighborhood café. Any money you’ll need to spend will be for purchasing reselling rights or master reselling rights from the publications. In addition, you can save on this by taking over the process of marketing yourself.
A Flexible Business Model You Can Tweak According To Your Needs
When you setup an eBook reselling business, you have complete freedom in terms of when you want to work. You choose how to market your eBook reselling business and are answerable to yourself! Ultimately, the reseller model becomes self-reliant and you don’t need to look after it all (apart from when you need to withdraw money).
No Storage Space or Delivery Services Needed
Another factor that makes reselling eBooks lucrative is the fact that you don’t need a warehouse or store to stock your books away. You don’t need to partner and share profits with a delivery service either. You can simply have a storage module working for your website.
EBooks are purely digital products that can be downloaded with a few simple clicks. You can avoid delivery and distribution costs. Ultimately, you are functioning with zero overheads and only profits.
Set Up A Digital Storefront
The simplest way to go about reselling eBooks is to set up a landing page or a website. However, if you plan to resell several eBooks down the line, setting up a simple store is a good idea. You can find plenty of free and paid software options that let you set up an e-commerce storefront.
In addition, you can take advantage of established eBook selling and self-publishing platforms like Amazon and websites like eBay to resell eBooks. Make sure that you adopt a 360-degree approach as you would with any other business plan and develop an online marketing strategy to start raking in profits.
Better for the environment, portable, simple to store, and easy to share with other people through online channels, eBooks are increasingly becoming the preferred choice for many readers. This is the right time to invest your time into reselling eBooks.
If you’re also planning to write an eBook yourself, get in touch with us to learn how we can help writing your eBook and make money selling and reselling it.