Are you planning on writing an ebook? You must consider several factors before deciding to create and publish an ebook. This means you also need to focus on the cost of it too.
Perhaps you want to create something useful to offer your current audience. Perhaps you’d like to use an ebook as a lead magnet that you promote through social media, paid advertising, or SEO.
Whatever your reason for wanting to create an eBook, there is one question you must ask yourself: will it generate a high enough return on your investment to make it worth it? We bring you this guide to help you figure out how much it would cost to create an ebook. This article will discuss the costs incurred when you outsource it.
What Is an Ebook?
Technically, “eBook” refers to any non-editable document that can be read from an electronic device such as a computer, smartphone, or tablet. It is a book or novel used in a digital format in exchange for cash, a lead submission, or something else that furthers the creator’s goals. Since everyone is on technology now, the writers wanted to be too. Although old-school paper books are still amazing, ebooks give you more convivence. You can read and store thousands of books on one device.
What Costs Goes Into Creating An Ebook?
When you decide to go for an ebook, you can save money compared to a print book. The time spent on an ebook is for development after the copyediting procedure is finished and a cover design is finished. This general term refers to coding, CSS styling, extensive text review for errors and formatting lost during the conversion from print files to the ebook development platform, and testing in various treader environments.
Most of the time, you don’t even incur these costs. You can just write a book on your word document, format it, and sell it to your readers. But this way, neither can you get much exposure or profit. You need to publish your books on a site like Amazon Kindle to get more profits. And for that, you must make it perfect, which you can do with the help of a book writing service.
Let’s examine what cost you have to incur to create an ebook.
- Ebook Designing Cost
ebook design to be extremely important. Just like the packaging of your product attracts customers. Similarly, book covers and designs attract readers. Although you can design a book yourself, it will not be as good as a professional. That’s why it is advisable to hire a professional book designer.
Its design should reflect the content you’ve included in it. Don’t sell yourself short if you’ve spent a lot of time creating an amazing ebook. A well-designed ebook can easily sell for a higher price (in other words, you can charge more for it). When its cover is well-designed, it sells better. So the investment in design pays off handsomely.
- Editors and Proofreaders Cost
When it comes to editing and proofreading services, there is a wide range of prices to choose from for hardcover book printing. There is no other service for authors where the adage “You Get What You Pay For” is more relevant.
Find an editor who will work closely with you over several ebooks and help you define and develop your style and voice, or at the very least, get to know it well enough to maintain it throughout the editing process.
Most of the time, the editors or proofreader can charge you Per word, per page, or at a set price. The usual going rates are $9–18 per page,.08–.12 cents per word, or a flat rate based on the entire project. Therefore, excellent editing might cost $1,500–$2,000, and it will be well worth the money.
- Ebook Formatting Cost
You can choose several options when it comes to formatting your ebook. You can do it yourself, but it will take time and distract you from writing. You can use online or downloadable software, but automated formatting may have flaws. But that is not all your options. You can also hire a formatting service like editing and proofreading services.
They are available in three different file types:.pdf, Mobi, and. epub. The most frequently used format is. Epub in most instances. To get the widest distribution, you might need all three formats, but there are times when you’ll only need.pdf or. Mobi. The complexity of what you are publishing can occasionally result in higher costs. You will typically need to ask for a quote from formatting services. You should budget between $50 and $250 on average.
- Website Creation Cost
You can’t do it without an online presence if you want to reach a larger audience. You would need a website for your eBook for sure. Here you can promote it further. You must buy a domain, which should cost no more than $15. Try to get your name or your name and the word “author” in the title. Additionally, you’ll have to pay for domain hosting. Decide on a host that offers hosting with a security certificate included.
Depending on the hosting you select, it will cost you $200 per year. Aside from hosting, you’ll need to think about advertising – through social media, banner ads, Google ads, and other channels.
Why Are Ebooks Beneficial for Passive Income?
Passive income is currently one of the most sought-after sources of income. It means you can generate income with little to no effort. To put it another way, work less and earn more. What person wouldn’t want that?
Ebooks, on the other hand, are an excellent addition to any passive income strategy. Why? Because it can technically sell itself after you create, market, and share it.
However, if everything is set up properly, using ebooks to generate income can last very long. The longer the life of your ebook, the more evergreen your content is, and the more you keep promoting and updating it.
Yes, it is possible to create an ebook for nothing. The only thing you need is a Word document. However, hiring a professional to help you create your ebook would be greater. This way, you can ensure that more audience can reach your book and read it.