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Passive income source: Write a book
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[QUOTE="Mika, post: 237696, member: 29399"] Writing a book is undoubtedly one of the best passive income methods, however, this method is available only to those... who are very proficient in writing who can produce high-quality books who have expert level writing and language skills Let me assume you have all of the aforementioned qualities to make a book, can you make a lot of money? Your book needs to be published by a reputed publisher and distributed everywhere, your books need to be sold in large numbers. If you are publishing online, your book needs to be well promoted through ad campaigns, your books need to be sold in large quantities. Let me assume that you pass these requirements, how much money you can make? Normally a traditional publisher will give you 10-20 percent royalties. You can get up to 70 percent royalty from your ebooks on amazon, and you bet 20 percent commission on your paperbacks from Amazon. You will earn royalties as long as your books are selling. If you become a best seller, your books can be adapted for movies, and you will earn even more money. Bestsellers also get a huge signing amount. The key to earning passive income from books is to write very well and sell very well. [/QUOTE]
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Passive income source: Write a book
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