Tip #4: Self Publish

There is not one person I know that doesn't have something to say or something to write about. If you are an expert at something, why not write about it. For example, if you love to knit why not write a how to guide on how to knit or a blog about knitting. Or if you are gadget guru, why not build a gadget guru blog or ezine that people can come to. Some of the best marketers out there say that products sell ok, but information is a hot commodity. If you are reading this article, you obviously already learned that because you are looking for what - information.

Self publishing can be a slow to earn income revenue earner but it has the potential to be a steady one. If you write a blog on restaurants in an area and then advertise the blog in that area, you guarantee yourself an audience - the metropolitan region. If you write an ebook on 101 ways to impress a girl or guy for a first date, you know you have a market - the single person who is looking for ways to land the relationship. Or even better, how about ways to earn residual income - aha! That is what this blog is about.

How is it then that people can make money from self-publishing. Well for bloggers, its pretty much through ad revenue. So Websites such as Google or Yahoo send you a check in the mail for every so many impressions or for how many referrals you give their site. A person with a niche could make $30-100 a month but that requires about 2000-3000 hits to a Website. That means you need to self advertise some too!

Another approach is the ebook self-publishing market. The company that I recommend you self publish with is Lulu.com. They take 20% of the profit from your publication. So say you write a novella that is 400 pages. Well to get it into one of the big publishing houses may take years but once you are done with it on Lulu, it could be posted and up for sale on Lulu.com and even Amazon.com in a matter of MINUTES!

So let's say you want to sell the book for $12.50, that means you will get a profit of $10.00. Say you sell 10 copies of your book a month. That is $100 a month or $1200 a year!

It may take a little work but once written and a little advertising is done, this is a revenue stream that simply requires you to put it on autopilot.

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Check out Lulu.com to start writing your next book today!
Or begin publishing your first blog on Blogger.com or Wordpress.com