The fourth source of revenue from your existing book will be through MP3's. With your audio books you will want to offer sections and chapters of your book as downloadable MP3's from your website. MP3 is a compression format for audio much like PDF is a compression format for word documents. MP3's allow for your audio books to quickly be sold and distributed through digital distribution. Most audio software pre-installed on computers allows you to easily convert your audio files to an MP3. The MP3's available for download will help you greatly increase your revenue.
Let's say that you had a book with fifteen chapters and the entire audio book sold for $20. You might sell each chapter as a digital download with a price point of anywhere from $1.99 to $5.99. At these prices you have greatly increased your profit margin per chapter sold. You have made it affordable for people who may be willing to buy one or more chapters without paying the entire $20. However, they may find themselves coming back and buying the entire book. I would imagine this is great for technical or how to books. It is wonderful for novels where people may not want to spend the entire dollar amount without sampling a chapter or two.
This is an excerpt from How to Self-Publish for Profit
Book Promotions
"Promotions deals with the execution of your branding, marketing and publicity campaigns. Promotions entail sending email blast, distributing fliers, business cards, bookmarks, ink pens and other items promoting your book. You will want to use those tools that are best suited for your campaign. Be vigilant and plan for the long haul when it comes to your promotions effort." How to Self-Publish for Profit
What is an ISBN Number?
"ISBN stands for International Standard Book Number and is used to uniquely identify every book. To ensure your book conforms to professional book publishing standards you will need to get an ISBN Number for all the books you publish in various formats.
One of my book titles is called the Atlanta Music Industry Connection. If I published the book as a soft cover (paperback), hardcover, e-book and audio book I would need four different ISBN Numbers for each version of the book. Of course, any new editions or revisions for your books should have its' own ISBN Number. Retailers, wholesalers, distributors, libraries and readers may all refer to an ISBN Number when attempting to find a book title.
Your ISBN Number should be used to generate the barcode for your book. Your barcode should be placed on the bottom right hand corner on the back cover of your book. The price should either be embedded with the barcode or appear right above it. This has become the industry standard and makes it easy for book retailers, wholesalers, distributors and librarians to find pricing details. Take a look at your personal books, visit the local bookstore or library and see if what I am saying holds true for most books you check out." How to Self-Publish for Profit
One of my book titles is called the Atlanta Music Industry Connection. If I published the book as a soft cover (paperback), hardcover, e-book and audio book I would need four different ISBN Numbers for each version of the book. Of course, any new editions or revisions for your books should have its' own ISBN Number. Retailers, wholesalers, distributors, libraries and readers may all refer to an ISBN Number when attempting to find a book title.
Your ISBN Number should be used to generate the barcode for your book. Your barcode should be placed on the bottom right hand corner on the back cover of your book. The price should either be embedded with the barcode or appear right above it. This has become the industry standard and makes it easy for book retailers, wholesalers, distributors and librarians to find pricing details. Take a look at your personal books, visit the local bookstore or library and see if what I am saying holds true for most books you check out." How to Self-Publish for Profit
What is a tax id?
"An EIN (employer identification number) sometimes called a FIN (federal identification number) is used to identify business entities. If you are starting a partnership, llc (limited liability company) or corporation you will need to apply for an EIN throught the i.r.s. at www.irs.gov" How to Self-Publish for Profit
Do I Need a Business License?
"Yes, you will need a both a business license and tax I.D. to establish your business entity separate from your personal banking account(s). This will ensure that personal and business expenses and revenue generated are not commingled. For instance, a personal checking account should be different from a business checking account." How to Self-Publish for Profit
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