How To Make More Money As An Author (Eight Effective Steps)

Did you know a good author doesn’t earn less than $5,000 per year from their book royalties? 

That’s right. There’s much money in the writing industry and you can make a living as a writer with a working strategy. 

That’s why I will show you how to monetize your writing skills, time, and efforts in the article. 

In case you are wondering: “Who is this guy, and why should I listen to what he has to offer?” 

I’m Ibukun Italoye, a content writer and freelancer with years of experience. 

The images below show some of my earnings as a writer.

My screenshot of my earning as a Freelance author (₦48,000) in 2022

Yeah, it’s a bit little (compared to fake screenshots online), but it’s a perfect way to start. 

Now that you know a little about me, let’s get down to the eight steps to earn the income you deserve.

1. Believe in Yourself 

Don’t panic; I’m not turning this page into motivational post. 

However, we can’t underestimate the importance of self-confidence to your earning potential. 

What does self-confidence have to do with writing? 

It is significant because you must first believe in yourself and your ability to produce captivating content. 

You can’t publish a fast-selling book until you believe you have what it takes to solve people’s problems through writing.

Building confidence in your writing skill
Image from Writers Digest

Six Effective Tips For Building Self-confidence as a Writer 

Below are some ways to believe in your writing skills and ability to create a masterpiece. 

  • Identify Your Strengths and Weaknesses 

Make a list of your best skills as a writer. 

Is it dialogue, vivid imagination, research, or ideations? Write them down. 

Likewise, write down weaknesses you must solve to become a good writer.

Recognizing these traits will help you build confidence and start making money as an author

  • Celebrate Small Wins 

Take note of any writing accomplishment like finishing an article, submitting to a publication, and earning. 

These little milestones and accomplishments will boost your confidence in the long run

  • Learn from The Best

Read books or blogs from authors you admire for inspiration. 

Observe their writing techniques and adopt the ones that suit your style. 

Talking of books, I recommend “So You Think You Can Write” by Julia McCoy

  • Register for Courses 

Developing your craft through courses is another way to boost your confidence. 

Alternatively, try joining a writing group where you will get helpful feedback from other writers to improve your skills. 

  • Review Past Successes 

Read your old work that got great reviews from the audience.

It will enhance your assurance in your ability to craft something interesting. 

It will also let you know how much you’ve grown in the writing industry. 

  • Manage Inner Critics and Be Consistent 

Counter every self-doubt with positive affirmations. 

Positively reaffirm your ability to produce something magical that will make the world go gaga. 

Meanwhile, trust the process. Understand that confidence grows with constant practice. 

With a consistent effort, you can gain the self-belief needed to succeed as a writer.

2. Create a Catchy Title for Your Book 

Every writer wants to reach a large audience. 

We want our books and blog posts to be the talking point on social media and beyond. 

One way to achieve this dream involves creating a captivating title. 

A catchy title is critical for any writer seeking fame and success.

For one, it is the first thing people will see before deciding whether to purchase the book or go elsewhere.

Gone are the days when people don’t judge a book by its cover or title; the world has evolved. 

Book covers, short descriptions, and titles now influence buyers’ decisions. 

Your book must feature an attention-grabbing title that will trigger the public’s interest. 

They will purchase your content if the title and description promise many benefits. 

How to Create a Sellable Title for Your Book 

Here are some tips for creating a sellable, attention-grabbing title for your book:

  • Hook with Intrigue 

Use wording that sparks curiosity or raises questions that make readers want to open your book.

  • Communicate Key Benefits 

Ensure the title conveys what the reader will gain or learn from your book.

  • Use Power Words 

Deploy power words like uncover, easy, profitable, bulletproof, and guaranteed. 

They are tested and trusted ways to create catchy titles for your project. 

  • Play The Number Games 

Titles like “7 Steps to…” or “10 Secrets for…” tend to create intrigue and specificity.

  • Keep it Short and Simple. 

The title should be concise, understandable, and evocative. 

The optimal title length is under ten words or less than 70 characters.

  • Learn From Others 

See what other writers use in their titles for inspiration. 

Don’t copy blindly — check, learn, and create something better. 

  • Get Feedback from Colleagues 

Write some titles, and ask your writer friends and family to choose their favorite. 

Aim for a title that instantly communicates the essence of your book and makes browsers eager to learn more. 

Don’t forget that a title that sparks interest can make all the difference in selling your book.

Meanwhile, you can try a title generator tool for inspiration. 

3. Create An Outline

You know the story and plot but you need more than that to make a fast-selling book.

It takes more than an ordinary storyline to win laurels and accolades. 

You must publish organized content to command the audience’s respect and affection. 

Hence, outlining is a non-negotiable book-writing procedure. 

It involves ranking the chapters, headings, and sub-headings to boost readability and assimilation.

Outlining helps you obtain a perfect synergy between paragraphs and chapters.

A manuscript template
Manuscript Template from Wikihow.com

How to Create a Good Outline for Your Book 

Here are some tips for creating a good outline:

  • Start with The Broadest Overview

Write down the theme or purpose of the entire book. 

Decide major parts and aspects to be covered in the project. These will become your chapters and headings.

  • Identify Supporting Points 

Under each main heading, brainstorm the key subtopics, evidence, and concepts you want to cover. 

  • Organize in Logical Order 

Arrange the sections and supporting points in a sequence that makes sense. Start with foundational information. 

  • Write Paragraph Summaries 

Write a 2-3 sentence summary of what each paragraph is all about. 

It will give you a perfect idea of what to write whenever you start. 

  • Your Outline Should be Brief and Concise 

Good outlines are brief and concise— no beating around the bush. 

Focus on the main points. Don’t list every detail in the outline — you will do that in the main book. 

  • Review and Revise 

Once you’re done with the first outline, step back and review the flow. Make changes as needed.

Don’t worry about crafting perfect sentences or paragraphs at this stage. 

Instead, ensure an exciting synergy between chapters and sub-topics. 

For instance, “The importance of money” shouldn’t come before “What is money” 

4. Research and Obtain Information from Reliable Sources 

Research each heading and subsection, and obtain credible information from reliable sources. 

Always go for reputable and authoritative blogs while gathering information.

Meanwhile, don’t restrict your research to Google, Bing, and other search engines. 

Check physical libraries, consult experts, do surveys, and read journals. 

Gather sufficient details from all reliable and credible sources. 

Don’t spread erroneous tips that could ruin your reputation in the long run. 

5. Convert Your Points Into a Well-written Draft or Manuscript 

At this point, you need creativity, self-motivation, and confidence to create something magical. 

It is time to deploy all the writing strategies and principles you have mastered over the years (or months).

An author drafting a manuscript for his next book

Below are some tips for creating error-free and highly educating pieces: 

  •  Avoid Distraction: 

Don’t listen to music if it will affect your writing speed and accuracy. 

Turn off every social media notification, you don’t need it now.

A beep is a potential hindrance to your writing speed and prowess. 

  • Write as You Speak:  

There are controversies regarding this writing approach. Some say it isn’t professional and could be fluffy. 

As much as the criticism seems right (to a large extent), writing as you speak enhances content flow and structure. 

It makes you communicate your points in a relaxing and more conversational tone. 

However, the approach isn’t compatible with all niches. 

Academic, research, and educational content prohibits conversational tone. 

They deal with professionals interested in only facts. They encourage a go-to-the-point style. 

  • Derive Inspiration from Experienced Authors: 

Read books related to your niche or the message you intend to pass to your audience. 

Study authors’ writing plots and styles. Reach out to them for ideas if necessary. 

What about SEO — isn’t that necessary too? 

Well, that isn’t too important if you are publishing a hard copy. 

SEO is an acronym for Search Engine Optimization. 

It involves using keywords, meta descriptions, and images to improve your content or page’s ranking on Google and other search engines. 

Nonetheless, master SEO strategies if you deal with blog posts, digital marketing copies, social media content, and other online articles. 

6. Edit the Draft After Some Hours 

Here is the next step after the manuscript. 

You already know that typographical errors, grammatical blunders, and poor punctuation are red flags in book publishing and general writing. 

Readers frown at content with numerous errors. They regret purchasing erroneous books. 

Therefore, thoroughly edit your content before publishing it. 

Take at least a five-hour break before editing the manuscript. It will help you see little errors. 

Take your time to edit, and be sure there are no errors. 

Do a first read-through. Focus on flow, pacing, plot, and character development. 

Complete a second read-through, looking at paragraph, sentence structure, and transition flow between chapters/sections.

Look for consistency in names, places, dates, facts, timelines, and points of view. 

Evaluate sentence variation and overuse of passive voice. Break up complex sentences when possible.

Delete unnecessary adverbs, cliches, repetition, or overused words/phrases. 

Read sections aloud to capture awkward phrasing and fact-check details like references, facts, foreign words, etc.

Editing a manuscript before publishing
Manuscript Image from Inkitt

Alternatively, you can hire a professional editor if you are financially capable. 

They will read the whole draft and pick out all the errors. 

Factors to consider while hiring an editor include experience, an academic degree in English subjects, expertise, and previous works. 

Whether it’s a hired editor or a colleague, ensure your draft is error-free and well-organized before visiting a publishing company. 

 7. Publish Your Book 

You have developed high confidence in your potential, overcome self-imposter syndrome, and created a well-written draft. 

You now have a draft that will take the world by storm, but there is one more hurdle —the publishing phase. 

This stage is as crucial as the ones we’ve discussed, and you can’t afford to get it wrong. 

It can determine the overall outcome of the whole process. 

Therefore, ask some important questions before proceeding:

  • Does this book match the hype intent?
  • Have l done justice to all the points outlined? 
  • Did I show the reader how to do it without stress?
  • Does every sentence add value to readers?

Hire the best publishing company after answering all the questions.

Meanwhile, factors to consider while looking for the best publisher include the following:

  • Price
  • Certificates and prestige 
  • Experience and expertise 
  • Marketing strategy 
  • Speed or delivery time 

8. Market Your Newly-launched Book 

It’s not enough to publish a book; you must market it. 

Visit schools if students are your ideal target audience. 

Upload the soft copy on virtual bookstores, including Amazon, Sellar, and Okadabooks. 

Don’t just sit and expect people to discover your latest project. Instead, publicize it via your social media profile.

Share the importance, lessons, and short descriptions with your followers on Facebook, LinkedIn, TiK ToK, Twitter, and other high-profile media platforms.

Publishers marketing promoting their books on Instagram, Twitter, and Facebook.

Partner with bloggers so they can advertise the book via a sponsored post. 

Your efforts will produce massive results if the book is worth people’s attention, money, and time. 

Frequently Asked Questions On Author

Do Writers Make Good Money?

Writers make a lot of money, especially when they are self-employed. 

A new writer commands at least $25 monthly, while experienced ones make nothing less than $10k (to say the least). 

How much can authors expect to earn from their books?

As a new author with a traditional publishing deal, your earnings range from $1,000 to $10,000. 

You should expect something bigger and better as a self-employed author or ebook creator. 

Conclusion 

Writing a profitable book requires mastering both the craft of writing and the business of publishing. 

Follow the practical steps to hone your writing, create marketable content, and develop an author brand that brings in revenue.

Do you have any questions or reservations regarding this content? Feel free to paste them in the comment sections. 

I will attend to all questions as soon as possible. Thanks for reaching this part; it means a lot to me. 

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