So you’re interested in becoming a professional bookseller. Or, perhaps, you’ve already made the transition and are now seeking a regular income stream. Maybe you’re looking for an easy way to make some passive income in your spare time. Whatever your reasons for wanting to get into the biz, you’ve come to the right place. In this article, we’ll discuss the various ways you can monetize your bookselling endeavors.
The Basics Of Bookselling
If you’re new to the whole bookselling idea, then there are a few basic terms you need to know. Firstly, books are usually sold in libraries and bookstores, which are both commonly known as “bookstores.” You may also come across the terms “Indie Bookstore” or “Barnes and Nobles.” Most bookstores order books from publishers, so if you’re writing your own books, you will need to find a way to get them distributed to bookstores. There are plenty of platforms out there that you can use to market and distribute your books. We’d recommend publishing platforms like CreateSpace or Printful. Distributors like IngramSpark will send you a check every month for book sales. You can also get a free storefront from most distributors to help you begin selling your books.
The Growing Popularity Of Online Bookselling
With the rise of online shopping in the 21st century, online bookselling has become a popular way to make money. Thanks to the likes of online marketplaces like Amazon.com and online bookstores like Book Depository, you can now put your books online and start gaining online sales right away. The best part? Since you’re not bound by geographic locations, you can reach a worldwide audience and potentially make a lot of money fast.
Monetizing With Amazon Kindle
If you own a Kindle, you can put your books onto the device and make money off their sale. When a user buys a book on Kindle, the money is credited to your account. You can use the money to pay off outstanding debts, build up an emergency fund, or simply save for future purchases. You don’t necessarily need to have a Kindle to make money off sales, but the convenience of having a physical copy of a book you’ve already bought on your phone or computer and being able to lend or share it with friends is appealing.
Monetizing Through Affiliate Marketing
If you’re an affiliate marketer, you’ll earn a commission when someone clicks a link or buys a product that’s promoted on your affiliate website. You don’t need a fancy advertising budget to start making affiliate sales – you can simply get a free product or service and start promoting it on your site. You’ll then need to find a way to collect payments from customers. Fortunately, there are plenty of ways to do this, including PayPal, Credit Cards, and even gift cards.
Monetizing Through Product Reviews
If you’ve been in the internet marketing niche for any length of time, you know the importance of product reviews. Essentially, you will need to find products that readers can benefit from and then write a review explaining why they should buy the product. You’ll then need to find a way to collect payment for these reviews – again, there are plenty of ways to do this, from PayPal to Credit Cards to even gift cards.
Creating A Niche Online
If you’re looking to create an online business, the best way to go about it is by identifying a niche market. That is, finding a small group of people who have a shared interest in something specific. For example, if you’re passionate about reading, you could start a blog reviewing books – though, to be successful, you’ll need to find a way to consistently produce quality content.
As you can see, there are many different ways you can earn money from a bookselling business. You can use the methods mentioned above or find your own ways to make money. Just make sure you’re doing something that you enjoy and is also helpful to your customers. And remember, passion is a key ingredient to any successful business.