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This post was contributed by a community member. The views expressed here are the author's own.
Upper East Side, NY|Local Classified|Gigs & Services|Mar 2023
Advin Steven, Local Business
Concept Development
Prior to commencing the creation of your exceptional work, you need to establish the structure for the entire undertaking. What will be the subject matter? How will it help you achieve your objectives? Who is the intended audience? At what stage of the buying cycle will they be when they read it? This stage of planning and preparation does not entail any costs to write an ebook; it relies solely on your creativity. Once you have a general idea and rough framework, you can initiate the development of your eBook.
Content Writing
Step 2 includes two components: research and writing. They are grouped together as the individual conducting the research is likely to be responsible for creating the content that pertains to their research. Furthermore, you desire the writing to be of a high quality such that it necessitates minimal editing after the initial draft. The expenses involved in producing an eBook, according to Alex Azoury, Founder and CEO of Home Grounds, are dependent on the writers that are available to you. If you do not have a writer on your staff, you may need to engage a freelance content writer or agency. The experience, subject matter expertise, and fees of freelance writers can differ. Consider whether you require a native English speaker or a skilled writer with English proficiency close to that of a native speaker. According to Azoury, if you engage an "intermediate" writer, they will charge between 5 and 20 cents per word. The majority of eBooks range from 2,500 to 5,000 words in length. As a result, costs to write an ebook may range from $125 to $250 on the low end and $500 to $1000 on the high end. If your topic necessitates extensive research or if you want to engage a writer with exceptional knowledge of the subject, you may have to pay more, possibly 50 cents to $1 per word, resulting in expenses ranging from $1250 to $2500 for a 2,500-word product.
Content Editing
The Editorial Freelancers Association suggests that the cost of editing based on the type of work that is required. Basic copy editing is typically charged at a rate of approximately $30 to $40 per hour, whereas more intensive editing can cost to write an ebook between $40 to $60. Assuming that an average copy editor can review roughly 5 manuscript pages per hour, a 2,500 word eBook (equivalent to 10 pages) will cost to write an ebook may be $60 to $120, and a 5,000 word document could run you around $240. Please note that these are rough estimates and may vary depending on the editor's expertise and experience. Crowd Content provides freelance editors for 3 cents per word, but keep in mind that this pricing is for basic editing only.
Publishing Your EBook On Multiple Platforms
The PDF is the most common eBook format, and it may be sufficient for your needs. However, you can increase the reach of your eBook by distributing it in different formats and through various channels. Some ideas include creating an audiobook version and making it available on platforms like Spotify, iTunes, Google Play, and Scribd. You can also develop it for Amazon Kindle Direct Publishing (KDP) and sell it on Amazon or make it available for free to reach a wider audience. The eBook format is another option that allows wider accessibility and can be used on eBook readers such as Kindle, Kobo, and iBooks. You can use free or paid tools to convert your eBook into this format and sell it on marketplaces like iBook and Google Play. Alternatively, you can break up your eBook into several blog posts and publish them on your blog. These methods are relatively inexpensive and can help you reach a broader audience while also generating sales if you choose.
Calculating Your Expected ROI For Your EBook
Determining the final cost to write an eBook or creating an eBook depends on several factors such as the resources available, the level of quality aimed for, and the expected gains from leveraging it to your target audience. The estimated cost to write an eBook for creating an average eBook with freelance support for everything could be around $3,000. However, the actual cost to write an eBook can be much lower if you already have some necessary resources such as existing content, design, and editing support. On the other hand, if you require an exceptional level of quality, extensive research, and an expert writer, the cost to write an eBook could be significantly higher. James Pollard views creating an eBook as an investment and ties the budget directly to the revenue metric of his business. He does not mind spending $3,000 on creating an eBook that generates $30,000 in sales over the next year.
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