When you become a booklet author, you’re giving yourself the opportunity to have multiple streams of income flowing into your bank account. This is because booklets are versatile – they can be sold and used in a variety of ways.
Here are 4 ways to create new streams of revenue with your booklet:
1) Sales to individuals. Selling to your individual readers can provide you with a steady stream of checks and money orders coming to your mail box and cash to your online bank account. It’s fun to get up in the morning and see those checks in the mailbox or get online and see the sales you’ve made!
2) Sales to large quantity buyers. Think big business, large corporations and the government. These buyers purchase in huge quantities, from the thousands to the millions!
3) Sales to small quantity buyers. These are your smaller businesses, associations, charities, and government institutions such as schools. These buyers will purchase very small quantities of booklets to thousands of copies.
4) Repeat sales on a regular basis through licensing or automated delivery. This is where you sell a certain amount of booklets to a particular quantity buyer, large or small, on a monthly, semi-monthly, half yearly or yearly basis. These deals are great because once you’ve made the sale you can just continue delivering booklets and getting paid until it’s time to renew the license or contract.
Within each of these ideas are even more revenue streams! For example, you may have sales to five quantity buyers, two of which are going to be repeat sales through a license. Or, you might have three different types of businesses buying from you on a regular basis – each one providing you with a new stream of revenue.
There are so many different ways to create revenue streams with booklets! How many can you think of? Write your answers in the comments section below!
To your riches!
PS: I welcome your comments as always!
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