If you’ve been following along with my goals for 2014 (a new year’s resolution, actually), you’ll know that my main goal is to write an eBook on Stock Market Investing for Beginners.
Making Money with eBooks vs. Blogs – Why Another Stock Market Investing Book?
There are dozens of books out there on stock market investing for beginners, and tons of eBooks as well. So, why would I try my hand at writing yet another one? Well, some are great, but on the expensive side. Some are complete crap, and I could write one better with my eyes closed. I think I can come up with an inexpensive option that will do a decent job of getting more folks into investing by building a simple knowledge of how stock market investing works. But, all of this isn’t really the main point of this post.
Making Money with eBooks vs. Blogs – Does it Have to Just be the Book?
So, I’ve planned out my whole book with an outline, broken it down to six chapters, with each chapter having four main topics. I’ve even knocked out the preface! So, 24 topics to write about total. Well, then I got to thinking (dangerous – I know). Could I just post each section of the book here on MoneyAhoy.com under the investing section? I could even create a master content page with all of the articles linked.
I know I’m not going to get rich with this book, but I thought it would be a fun, challenging goal that would bring in some amount of money for me. Would it reduce sales of the book if I copied verbatim each section of each chapter and put them up as posts?
Making Money with eBooks vs. Blogs – What Are Customers Actually Paying For?
If you sit back and think about it, what are folks actually paying for when they purchase an eBook? How are we (as writers) to determine the best way to make money with eBooks? You’d think that when someone buys as eBook their paying for information.
While that’s partially true, I think that there’s a little bit more to it. From my simple research, it’s become clear to me that when folks buy an eBook they are paying for convenience. Think about it, most of the information in how-to books can be found on the internet for free. The only problem is that the internet isn’t the most organized thing in the world. It isn’t always accessible all the time either. When people purchase an eBook, they are paying for the convenience of having all of the answers to their topic of interest in one place, nicely organized. For how-to eBooks, this is something that holds their hand and walks them through the topic which they can access from anywhere.
So, it would seem to me that based on the research, putting the same information out there on MoneyAhoy.com wouldn’t really hurt sales.
Making Money with eBooks vs. Blogs – Final Thoughts
So, will it hurt eBook sales to put the exact same verbatim information on one’s own blog? I don’t think so, but I’d like to hear other’s take on it. Are there any out there that have tried it? What do you think?