The cool thing about making money online is that you have so many options to choose among. More and more people are discovering the benefits of ebook publishing. If you’re wondering how to make money with an ebook, you should check this post out for a couple of practical tips.
Statistics, however, suggest that the demand for print books is a lot higher than the demand for ebooks. According to 2015 statistics by Fortune, the ebook market is growing by one percent every single year. The ebook market share was 12.3 percent in 2013 and it’s expected to reach 25.8 percent by 2018.
What do these numbers mean? If you want to learn how to make money with an ebook, you’ll have to consider a more generalized approach. Selling ebooks and print books at the same time will enable you to reap all of the market benefits.
Printing books is an expensive process and most self-published authors can’t really afford to invest in such activities. A solution is available. This solution is called CreateSpace. CreateSpace by Amazon is an on-demand book printing service. The following CreateSpace review will help you figure out if the solution is the right one for you.
CreateSpace is an Amazon company that offers on demand book printing services. This means you don’t have to print a certain number of copies and have them available for shipping to clients. Whenever an order for a book is placed via Amazon, CreateSpace will print a copy on demand and have it sent to a client.
As the author, you don’t have to deal with printing houses, shipping and customer service. The entire process is handled by Amazon from scratch to finish.
Having a CreateSpace account on top of your KDP membership (for ebook publishing) will enable you to offer buyers both ebooks and paperback copies. Thus, you’ll increase the number of potential clients significantly and get an opportunity to make more money through book sales.
Needless to say, the service is costly. Royalties are withheld from every book copy sold and because on demand publishing is taking place, the percentages are high. It’s up to you to decide whether CreateSpace’s services are worth the price tag.
How does it Work?
It all starts with signing up for a CreateSpace account. The process is simple and it’s very similar to what you have to do when getting started with Kindle Direct Publishing.
Once you’ve created an account and entered all of the required details, you’ll have to add a book. The ebook file that you already have can be used to design a paperback copy. There’s a wizard that will guide you through the process. Keep in mind, however, that image or graphic quality isn’t good enough, you will have to make some changes.
When creating a book with the CreateSpace wizard, you’ll have to do the following:
- Add the name of the book
- Enter the name of author and editor
- Enter the number in series and any other relevant information about the publication
- Choose whether you’d like to get a free ISBN or provide your own
- Choose black and white or colored interior
- Choose paper color (cream or white)
- Choose a size (you will get a recommendation about the most appropriate size for the specific publication)
- Upload the book file
- Upload the cover
- Set the price and see how much you’re going to earn in royalties
- Wait for the file to be approved
- See whether the wizard has identified any errors that need to be fixed
Some of the common errors may stem from the size of the margins, the quality of the images and graphics or the selection of a page size that doesn’t correspond to the format. The guide will give you suggestions about how each of the errors can be fixed.
Now, let’s move on to one of the most important things you’ll have to consider before choosing CreateSpace – the price of the service. I’ll provide a personal example that will give you a better idea about what to expect.
I decided to make my ebook How to Make Money Online available as a paperback copy. I’ve chosen a color cover and a black and white interior. The book’s set at a price of 16 dollars or 10.56 British pounds.
The amount I earn per ebook sold on Amazon is 7.45 dollars. I’ve also made the book available through the CreateSpace eStore and the amount I’ll make per book is 10.65 dollars. Each sale through Amazon Europe will produce 4.97 pounds.
As you can see, the royalties are quite shocking. To decide whether you’d like to use CreateSpace, you may want to attempt calculating the cost of printing and book distribution. If you can handle the process on your own and it’s more affordable – this is the road to go. In case you’re making your first steps in the world of book printing and you don’t want to be bothered with all of the specifics, you may want to give CreateSpace a try.
The Bottom Line: CreateSpace Pros and Cons
My personal experience with CreateSpace has been positive. I’ve already sold a couple of copies and I’ve been paid according to schedule. Since I haven’t done a lot of marketing, however, I haven’t really gotten impressive results. Still, CreateSpace is tested and it works. It’s a nice addition if you’re wondering how to make money with an ebook and a print book at the same time.
The biggest advantages of using CreateSpace include the following:
- You don’t have to handle printing
- You don’t have to handle book distribution and shipping
- It’s free to join and you don’t need any budget to dedicate to printing
- You print copies on demand and you’re not stuck with a big number of unsold books
- It’s a service offered by Amazon, enabling you to make full use of ebook and paperback marketing/sale opportunities
- The royalties are still higher than what authors are given by publishers
- It makes it possible for self-published authors to sell paperbacks
- There are some marketing services available (I haven’t used those and don’t know whether they work)
On the downside:
- The royalties may be a problem for some people
- Some writers have reported about problems with defective copies
- There’s a learning curve when it comes to designing a book and a cover
- You can only sell the books through Amazon and the CreateSpace store, distribution through other portals is impossible
CreateSpace Review Conclusion: Do I Recommend it?
Yes, I definitely recommend giving CreateSpace a try. If you don’t want to spend money on printing or you simply don’t have the budget, the platform gives you a nice opportunity to sell paperbacks and make more money through book sales. Some people have complaints and uncertainties but this is a legitimate opportunity and it’s definitely a great pick.
Need a bit of additional assistance? Don’t know how to get started with online money making? My book How to Make Money Online will give you all of the answers. Buy it today and explore the other articles on this website for additional ideas and suggestions.