For those who may be following my monthly earnings reports, you will notice that I occasionally generate a tiny amount of income from the sales of books. I have a couple of books currently published that would probably do better in sales if I put a little more effort into marketing them.
Regardless, book publishing is indeed one of the truest forms of passive income out there. You do all the work on the front end (writing) and then publish in hopes of having income generated for years by the sale of your work. But how do you get to that point? How do you get your book published and in position to be bought? Truth be told there are several methods of self-publishing you can use:
Lulu is a publishing site that allows writers to publish their work in hard copy or ebook form for free. As the writer, you select your own price point to determine how much profit to make.
Smashwords is another publisher you can use, but only for ebooks. As with most other self-publishing sites these days, publication and distribution is free.
Needless to say, there are many other publishers out there you can use, but the point is that almost everyone has at least one great story to tell, and now there’s a format that allows you to do it for practically no cost, and with the possibility of earning tremendous returns.