You can’t spend years perfecting and writing a book. Even successful books are likely to make less than ₹10,000 a month.
While the money you make on a self-published book will be passive income, it will last for a very long time, but it’s tough to justify years of work for just a couple of thousand rupees.
Not all your books are going to make money, or lots of money anyway. From our experience and what we have heard from other self-published writers, about half the books you’ll publish will make very little money each month. Another one in four of your books will make money but nothing to get excited about, maybe ₹1,000 to ₹10,000 a month. Only about one in four books you self-publish will make more than ₹5,000 per month.
This means you need to keep those book ideas coming and constantly be self-publishing new titles. Having more books means two important things to making money:
- You are more likely to hit on a popular subject or self-publish a book that really takes off
- Your sales revenue will add up and increase the amount of money you will earn per month
Of course, you can’t just write crappy books and expect to make money. Good books will build you a loyal target audience and increase your monthly earnings.
You can write your book for say 2 hrs after work, some of our authors write during work or on holidays. So this becomes an extra source of income to your full-time job.