I’ve made a lot of money from e-book publishing…which I think would come as a surprise to my college English professor who gave me an ‘F’ in her course.
But you don’t have to be a writer to make money in this marketplace.
I’ve published almost 50 books written by others. Some were books I took from the public domain, which means I didn’t pay for them, and some were written by ghostwriters I hired for little more than the cost of a great night out.
Yet, there have been many days when I took in $5,000 in book sales…and times when I ran my business—on my laptop—from places far away from home…a café in Italy…a hotel lounge in Paris…a bar in Prague, and many more. This activity has both serious profit potential and great flexibility.
And let me say it again…you don’t have to be a writer.
I didn’t start out to earn my living from books. I was just looking for a way to get back to even after a disastrous few years that saw us evicted from our home…our last automobile repossessed…and my income plummet below the U.S. poverty level.
I knew the e-book market had potential…but I didn’t have any books or any funds. What I did have was a strategy…one I’d like to share with you.
As I pondered my quandary I recalled reading something about a concept called “the public domain.” The basics of it are that the works that people create, like books, poems, movies, and the like, are initially protected from other people using them by the legal application of a copyright.
But copyrights only exist for a specified number of years. After that, the works are available for anyone to use, in any way they want, because they are now a part of “the public domain.”
I found a database of several million (yes MILLION) public domain books and was overjoyed that one of the books was a personal development favorite of mine, the 100-year-old classic As A Man Thinketh by James Allen.
That little book was one of the key solutions that I used to overcome my personal struggles and it became the keystone of a business that went from zero to multi-millions in less than a handful of years.
I put out an e-book version of As A Man Thinketh and it took me less than a year to create a six-figure income, using this really great strategy. I’ve never looked back.
What I hope that you take from my example is that books—especially e-books—are a low-cost, low-barrier for anyone to create an ongoing source of passive income. Especially if you’re looking for a way to fund your life overseas.
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