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10 Online Marketplaces For Selling Digital Products

10 Killer Platforms For Selling Digital Goods

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10 Online Marketplaces For Selling Digital Products
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Want to sell your digital products?

It is now easier to start a digital products business online than it ever was. Once you have your idea there are many tools available to help with the creation of your digital products. Digital products can be software, eBooks, videos, templates and so on. Finding the best online marketplace for your digital products is very important.

If you want to sell digital products online then you will need a way to collect payments for your products. You could create your own digital store and just use PayPal or another payments processor to collect your money. But using an established digital online marketplace can offer you more advantages.

You will need to have a number of things in place to sell digital products online:

  • A sales page on your website or on a digital online marketplace
  • A way for customers to pay you for your product (payment processor such as PayPal)
  • A download page where your customers can automatically access their digital products after making a purchase
  • Promotional tools to help you market your digital products

One of the most important factors when choosing a digital marketplace is whether it is right for your niche. For example, if you are selling guides on making money online then there are specific digital online marketplaces for this. People that visit these marketplaces are looking for products in that niche. So you need to find the best online marketplace for your niche.

So we are going to show you the 10 best online marketplaces to sell digital products online in this article. Some of these are free to list your products and some will charge a small fee. Some will pay you via PayPal and others will send checks so you need to think about what is best for you. OK let’s go.



Clickbank

If you have been involved in online marketing for any length of time then it is very likely that you will have heard of Clickbank. They sell a wide range of digital products in just about all niches and they have access to hundreds of thousands of affiliates that can sell your products for you.

So it doesn’t matter whether you have a digital product about making money online, losing weight, relationships, personal development, building a shed or reconditioning batteries you can sell it on Clickbank.

Because Clickbank has been around for many years a lot of people will trust it when making purchases. They offer several payment methods including PayPal, credit cards and debit cards. You can choose when you want payment for the sales of your products weekly, biweekly or monthly. Clickbank pays vendors by check or with a bank transfer.

One of the best things about Clickbank is that it offers buyers a full 60-day money-back guarantee with no questions asked. There is a downside to this of course which is some people will purchase your product with the intention of obtaining a refund on it. They end up keeping your product and not paying for it.

When you use Clickbank to sell digital products online you will need your own website. This is for your sales letter, upsell offers and thank you / download pages. An upsell offer is something related to your main product and is part of your product funnel. This is optional and you do not have to have any upsells.

Clickbank will charge you a one-off fee of $49 to list your product on their digital online marketplace. You will then be able to list products in the same niche for free. They take a 7.5% commission for each sale as well.

If you want to recruit an army of affiliates to sell your products then Clickbank is the place to be. It is very easy to become a Clickbank affiliate and there are many of them. The problem is that the best affiliates tend to promote the best selling products. You set the commission payouts (e.g. 50%) and then Clickbank will take care of the payments to affiliates.

Clickbank will insist on reviewing and approving your product prior to accepting it. In all honesty, it is not that difficult to get approval and there are a lot of inferior quality products on Clickbank. It is still one of the best online marketplaces for selling digital products.



E-Junkie

E-Junkie is another digital online marketplace that has been around for many years. You can sell a product in any niche on E-Junkie and there is an affiliate program that you can use as well. With E-Junkie you can also sell physical products as well.

The E-Junkie digital online marketplace works differently to Clickbank. Listing your products costs $5 a month (they will give you the first few weeks free) and they offer customers several ways to pay such as PayPal, credit cards, Google Checkout and so on.

You can list as many digital products as you want on E-Junkie and there is no limit to the number of transactions or the bandwidth that you use. You do not need your own website to sell digital products online with E-Junkie as you will upload all of your products to their servers for downloading by the customers.

E-Junkie vendors receive payments via PayPal which is instant and convenient although you will have to pay PayPal charges. The affiliate tools are a little “clunky” and you are responsible for the payment of your affiliates.

When you have uploaded your products you will receive a button code for each one and you can use this on your website to promote your products. Each time you make a sale you will receive a payment immediately via PayPal.

Is E-Junkie the best online marketplace? Well, it works well and it is a very popular digital online marketplace. It offers some good features and it is cheap to use. It doesn’t have the traffic or reputation of Clickbank but it is easier to set everything up.



Sellfy

If you just want to list your digital products on a digital online marketplace then you might want to consider Sellfy. The idea behind Sellfy is that you can create a store online for your digital products and then promote these products on social media or your own website.

There isn’t a marketplace with Sellfy like you get with Clickbank or E-Junkie. You can sell any product that you like in any niche. You upload your digital file to your Sellfy store (maximum individual file size is 2GB) and then you are ready to go.

Sellfy does not charge you a product listing fee. You can have a free or a Pro account. If you have a free account then you can list up to five items. Sellfy will charge a 5% fee on the sale of your products. For $15 a month you can have a Pro account. With this, you get unlimited listings, more payment options, better store customization, and the email marketing feature.

You can create subscription arrangements on Sellfy so that your customers pay you monthly etc. Sellfy is mobile device friendly and you can embed buy now buttons, widgets for products or even your whole Sellfy store. You can embed on your website or on a Facebook page. You can create discount codes and create upsells as well.

Sellfy does not have an affiliate program and is one of the best online marketplaces if you just want somewhere to list your products and offer different payment options. The marketing is down to you so if you are happy to sell digital products online in this way then it is a good choice.



Amazon

It is possible to sell digital products online using Amazon. Amazon is the world’s largest online marketplace used and trusted by millions of people all around the world. If you want to sell eBooks, apps, games, software or music then you can list these on Amazon.

Many people have sold their eBooks on Amazon using the Amazon Kindle Direct Publishing feature. You can learn more about this here. There are benefits to eBook creators for going exclusive with Amazon Kindle such as better commissions.

You can sell digital products in almost any niche on Amazon. Amazon will pay you for your product sales two months after the sale. There are different options for payment such as a check, Payoneer payments, and direct wire payments. Amazon takes a commission on all products sold and this varies depending on the product type and the sale price.

If you want lots of potential traffic to your digital products then nothing beats Amazon. They can offer your products in many different countries including the USA, Canada, United Kingdom, many Western European countries, Australia, Japan and so on.



eBay

Most people have heard of eBay. It is the world’s most popular auction website where people sell their unwanted items. It is also a good place to sell digital products as well. You need to check out the latest rules on selling digital products on eBay as these have changed quite a bit over the years.

When you sell a digital product on eBay you have to tell them that it is a digital item so that the page is properly formatted and does not have shipping options. As a vendor, you will receive payments from eBay via PayPal.

Your digital goods listings must be set up as a classified ad. You also have to confirm with eBay that you own all of the rights to the digital content. There is a special section for information products in the category called “Everything Else”.

It is unlikely that you will make a fortune selling your digital products on eBay. Yes, the website gets a lot of traffic but most of this is from people looking for physical goods. We would not say that it is the best online marketplace for digital products but you can do reasonably well using it.



Gumroad

Now we are getting into niche-specific digital online marketplaces. The people that buy from Gumroad tend are usually looking for music clips, videos and film clips. It is best to use this marketplace if the digital products that you sell are in the entertainment niche.

Gumroad is very easy to use and it is easy for customers to make purchases as well. There are no charges for listing your digital products on the platform but they will take a 5% commission fee and charge you 25 cents for each transaction.

You will upload your digital files to Gumroad so you do not require a website. Setting up an account is easy and free and then you can upload your files and share unique product links on social media and elsewhere.

Gumroad can pay you via a bank transfer if you reside in the United States or Japan and they will also pay you via PayPal if you live elsewhere. Some of the biggest artists around use Gumroad including Eminem and Bon Jovi.

If you are selling music or entertainment digital products then Gumroad is probably the best online marketplace to do this. It is a popular website and it is very easy to set up your products there. They also have their own email system that lets you send emails to your customers which is great.



Udemy

If you create video courses about any subject then there is no better digital online marketplace to sell your training than Udemy. It is one of the best online marketplaces for training courses and it has grown exponentially over the last few years.

Making consistent passive income is the dream of all online marketers. You can make money while you are sleeping or doing whatever you want. The Udemy platform offers you a great way to do this. Udemy has a student base of over 18 million and is the world’s biggest online marketplace for video courses.

If you can teach people to make money online, use popular software applications and so on then there is a readymade market on Udemy. If you promote your Udemy courses yourself then you will receive 97% of the revenue. If a student finds your training course organically on Udemy then you earn 50%.

Udemy will allow you to use coupon codes to discount your training. There are different payment methods available to course buyers including PayPal, credit cards, debit cards, Google Play, and Apple App Store. It is truly the best online marketplace for video training courses.

It is easy to upload your training videos to Udemy. They support many different file types such as MP4, AVI and WMV. Each video file can be as large as 1.5GB. You can upload a course promo video selling the benefits of your training. People that watch promos are 5 times more likely to purchase your training.



ThemeForest

If your niche is the design of website templates for platforms like WordPress then Themeforest is the best online marketplace for you. Some of the top sellers on Themeforest generate more than a million dollars in revenue each year and the store management features of the platform are ideal to show off your design talents.

Themeforest is a very popular website and it gets a great deal of buyer traffic. It is certainly a competitive marketplace and there are more than 10,000 WordPress themes available for sale at the time of writing this article. WordPress themes are the most popular category on the platform and drive over 80% of total revenue.

The more that you sell on Themeforest the more benefits you receive from this digital online marketplace. Benefits include a 12 months subscription to their tuts+ program and your seller profile having Google Analytics so that you can see which of your marketing campaigns are converting the best.

You have complete freedom when it comes to pricing. If you want to price low to get a foothold in the market then you can do this. It is also possible to price your theme at the higher end and charge hundreds of dollars for it.

If you just choose to list your products without an exclusivity deal then you will earn 50% of the sales revenue. If you go exclusive, then the Envato (the company that owns Themeforest) fees are reduced. The more that you sell the lower their fee will be.

Vendors on Themeforest receive payments on the 15th of each month. There is a minimum threshold that you must meet for payment. You can choose payment via PayPal, Payoneer or a bank transfer using the SWIFT system.



JVZoo

Although it is possible to sell digital products related to virtually any niche using JVZoo the most popular product purchases are in the make money online and digital marketing niches. If you have digital products in these niches then JVZoo can be a better alternative to using Clickbank.

One of the major benefits of selling you’re your make money online products on JVZoo is that you are in control of your affiliates. You decide who can promote your products and who can’t. To become an affiliate for a JVZoo product you have to request permission from the vendor of that product.

When a customer purchases a product on JVZoo they have the option to save money by sharing the details of the product on Facebook with their friends. This is a great way to get more exposure to your products.

You can run dime sales on JVZoo which are popular with Internet Marketers. This means that after each purchase of your product the price will rise by a specified amount. This is good for getting people to take action quickly by not having to pay a higher price.

Most sellers make money via online products will have a sales funnel. This will include upsells and even downsells that you include in order to increase your revenue. Sales funnels are really easy to set up with JVZoo.

JVZoo offers customers a number of different payment options including PayPal and credit cards. When you make a sale you will receive an instant payout as the vendor. Your options for payment are PayPal, Stripe or Authorize.net.

You can set up an unlimited amount of digital products on JVZoo at no charge. JVZoo takes a 5% commission on all sales. It is certainly up there as the best online marketplace for Internet Marketing digital products.



Codecanyon

If you want to sell coded products such as plugins for WordPress, scripts that will perform specific functions and website products such as CSS, themes, and JavaScript then CodeCanyon is a good online marketplace for this. You can hire a freelancer to create these products for you.

At the time of writing, there are more than 27,000 plugins and scripts available on CodeCanyon. Envato who also own Themeforest owns CodeCanyon. CodeCanyon is different to ThemeForest as it is the place to go for people that are looking for code scripts to perform different functions. WordPress plugins are particularly popular on this website.

You can set your own price for the plugins and the scripts that you sell on CodeCanyon. The website follows the Envato author fee structure so you can either accept a 50% split on your product sales or become a Pro and qualify for increased commissions.

If selling code products is your thing then CodeCanyon is the best online marketplace to sell digital products online. It is a digital online marketplace dedicated to all things code. Some people are making a lot of money selling their products on Code Canyon.

Final Words

You now have a good overview of ten of the best online marketplaces for selling your digital products. If you are in a specific niche then use a digital online marketplace that has organic traffic interested in that niche. If you want to sell your products on multiple marketplaces then you may need a virtual assistant to help you manage all of this.

Think about your payment options too. Do you really want to wait 3 months to receive payment for sales you made this month? If you go with Amazon that is how it works. But Amazon does have a vast amount of traffic so decide which the best online marketplace is for you taking everything into consideration.

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How To Write A Quality Forum Post

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Write A Quality Forum Post

Online forums are a great place to get your point across and show that you are an authority in your field. The best way to do this is to initiate new threads with high-quality posts that will receive a great deal of attention and responses from other forum members.

But how do you write a quality forum post that makes an impact? Well, you need to prepare for a great post and think it through before you type a single word. You need to have a good structure in place and write the post in such a way that it will provoke the right kind of reaction.

Think about what you want to achieve with each post. Do you want other forum members to contribute their experiences in response to your post? This will be a popular thread. Or do you want to inform others about an experience of yours and elicit questions from other members?

On most discussion forums, only a small percentage of members will initiate threads. A larger number of members will comment or reply to these threads and the rest of the will just consume the content. The aim of this article is to help you to become one of the esteemed minorities that initiate threads and command authority.

So let’s take a look at what you will need to do to create a high-quality forum post.



Create a Great Post Title

Your post or thread title is the most important part of your post. If your post title does not grab the attention of other forum members then the views that you receive and the responses to it will be a lot lower than they could be.

The best thread titles will provide a summary of what the thread is about. On some forums, you will see mystery titles that are used as clickbait; Maybe the title is something like “I just couldn’t believe this!” This is certainly a way to get views, but if the real subject of the post does not interest many of the viewers then there will not be many responses.

On the other hand, it could be a really interesting post that most forum members enjoy reading. The trouble with titles that conceal the subject of the thread is that they can be difficult to find again if a member wants to revisit the thread.

A useful thread will contain information that forum members will want to look at again in a few weeks, months or even years. If the thread has a concealed title then it will be hard for members to find it again in the future.

A title should be descriptive and as short as possible. It should also contain the main keyword that Google and the other search engines can rank the content for. Online forums usually have a high domain authority and many threads will appear in Google rankings if they are keyword optimized.

So a title like “How to make money online in 30 days” is a lot better than “You will not believe what I made over the last month”. The second title could mean virtually anything, whereas the first title is clear and will attract members who want to know how they can make money online quickly.

Why is each created Thread Important?

Most forum platforms will provide a summary of thread titles with the number of views that the thread has received and the replies on the thread. If someone is considering becoming a member of the forum they will not be impressed with lots of threads that have very low view counts and even lower reply numbers as low-quality posts do not serve Google or visitors, and the post ends up being another non-interesting post.

Starting a thread with a post that only contains a couple of lines does not add value to the forum. As a member of a forum, your priority should be to give back to the community. A couple of lines just doesn’t cut it. If all you can muster is two lines then it is better that you do not create the thread in the first place, and it may be best if you look for another forum that will support your low-quality forum participation. Making low-quality posts on any forum will only imply that you do not care or you do not care to support the site, and this applies to get paid to post forums also.


Why Quality Content matters

Why Quality Content matters

New members are the lifeblood of a forum. Not only will they want to join a forum that is active but they will want to see the quality of the threads posted. Quality content really does matter, and if there is very little value in a lot of the posts then this will not be appealing to newcomers.

It is important to keep the existing members happy as well, and providing high-quality content is the best way to do that. So what exactly is quality content? Well, it is best to think about a new forum thread as starting a conversation.

A high-quality thread will be informative. It can be the result of something that you have tried (e.g. a case study) or it can show other members of the forum how to do something e.g. “how I overcame my shyness and asked my dream partner for a date”. It can also be a review of products or services such as “my review of the 5 best e-commerce platforms”.

When you are planning out your content be sure to ask other members to respond and ask further questions. It is very unlikely that a thread post is going to cover everything, and you may think that common sense will dictate that members ask questions. This does not always apply, so prompt them to do so.

A high-quality post will always stay on topic and should get to the point quickly and should not contain padding or filler to make the post longer. It will also not be a duplicate of a previous post. Before you create a new thread, then check to see if there is a previous one covering the same topic. If you have a new angle that’s fine, but don’t repeat previous discussions as this will create low quality for the rest of the forum.

A quality post will have a logically sound argument. This is particularly important when you are relating an experience or something that you know to be factual. Forums normally have their fair share of intelligent people, and at times you will get replies from members that intelligently disagree with what you are saying.

The best way to handle this is to provide as much evidence as possible in your post. You can quote external sources that are credible and you should always use relevant data and facts. Try not to use assumptions in your post as people can easily challenge these.

Once you have published your new post you need to take ownership of it and respond to replies as quickly as you can. Be thoughtful here and thank people for responding. If you receive a negative reply then avoid a flame-war with the poster. Just debate the subject rather than making it personal.

Why is Formatting Content important?

You do not want to spend a lot of time planning and writing your new post if nobody is going to read it. If you do not use correct formatting with your post it will make reading it much harder for people. Posting an unstructured thread without reasonable length paragraphs, for example, will be a turn off for many people.

Forum members do not want to read large blocks of text. If you use large blocks then people are more likely to skim your content rather than read it in full. Make each paragraph as short as possible and keep them to 3 or 4 lines long. Be sure to use spacing between the paragraphs. You can use double spacing between paragraphs when you are introducing a new section.

Every forum has its own tone and usually, this is fairly casual, so if this is the case with your forum it is OK to use personal pronouns, contractions and so on. You can be humorous to make a point but always be careful not to offend anyone.

Use subheadings as much as possible to break up the text. Use bold text to make significant points. If you want to emphasize stress on a word or words then use italics. Above all use plain and simple language that everyone will understand. Always be respectful of new forum members who do not have your experience.


Break up your Post with Video and Images

Break up your Post with Video and Images

If you have a relevant video that will add value to your post then always use it. People much prefer to watch a short video than read a lot of text. If you are writing a “how-to” post then you could create a video yourself which shows the reader how to achieve something.

Videos have a much higher engagement factor than words. A good video will attract attention and people will watch them from beginning to end if they are relevant. Be careful not to post videos that are too long as this will put some people off; With some subject matter longer videos are necessary, but always try to keep them as short as possible.

If forum members see a video in a post they are very likely to watch it out of sheer curiosity. It is really good to add different media to your posts as it will wet the appetite of your readers and help to strengthen your case overall.

You can use relevant images in your posts as well. If it is not obvious what message you are trying to convey with your images then add a short amount of text to them to make the point clear. If you are writing a post about mistakes to avoid when trying to make money online, then an image of a person with empty pockets will reinforce your message.

This is relevant and also humorous. You can add a caption like “don’t end up like this guy” or similar. This will really help to break up the monotony of lines of text and will help you to engage with your reader. Adding videos and images is a win-win situation for both you and the other forum members.

Most forums are dominated by text so if you add videos and images this will interest people and will make them be more attentive to the words that you use. A combination of text, images, and videos will help you to get your message across a lot better than any of them would on their own.


How does Poor Quality Content affect SEO?

How does Poor Quality Content affect SEO?

Posts from a forum with a high domain authority will often rank in Google and other search engines for related keywords. But if the quality of the post is poor then this will severely hinder the possibility of high rankings, and this can really stun the growth of a forum, or even kill a forum altogether.

One of the reasons that Google likes forums so much is because of the new content and interactivity. A post that has a lot of replies is much more likely to rank well in Google compared to a post with a low number of replies.

A reply means new content, and search engines love new content. If you create a low-quality post then either nobody will read it or it will have very few replies. Even if English is not your first language it is possible to make a good quality post with the tools that are available nowadays.

People do not like reading posts that are full of spelling and grammar mistakes. Even if you are putting across a really important point, then it can all be lost with bad spelling and grammar. Your post may be perfectly readable if people forgive your spelling and grammar errors, but the truth is that a lot of people find these mistakes too annoying to continue reading, as a result, the forum is left with a lot of low quality, and undesirable content.

There really is no excuse for a lot of spelling mistakes and typos in a post these days; With modern browsers, the spell check function will highlight incorrectly spelled words so that you can correct them before publishing your post.

Grammar errors are not so easy to spot and there are tools available that can help with this such as Grammarly. Please be aware that tools like this are not perfect and often they can suggest that there is a problem with grammar when there isn’t.

A good way to check your grammar is to read your post in full before you publish it. Some people say that reading the post aloud is even better, and really helps them to catch mistakes with grammar. If you have already published your post you can always edit it afterward to correct any mistakes.

Most forums have different categories so be sure to find the right one to post in. This will help people to find your post a lot more easily and it can have SEO benefits as well, as often the search engines will be aware of a forum’s categories, and use tags in your posts with relevant keywords so that when people search the forum they can find your content. You want to stay on topic, and be as specific as possible.

How can Internal Linking improve SEO?

An internal link is a link to any page on the same domain. So if you link to other posts on the same forum that have relevant information then you will be providing important internal links. This will help with the ranking of your post and the ranking of the posts that you link to.

Search engines will better understand the structure of a website through internal links. All search engines have crawlers that examine a website, and when they do this they record information about the pages and the content. They use internal links to understand which pages are the most important.

If a forum has poor internal linking then this will have a negative impact on SEO. You can do your part by creating links in your posts to other relevant posts on the forum. Always test the links before you publish as broken links also negatively impact SEO.

How Duplicate Content can affect SEO

When you are creating a new post it can be very tempting to visit other websites and copy and paste large chunks of content. Although this makes creating posts easier and faster it will not help with the ranking of your post in the search engines.

What you will be doing here is creating duplicate content. There are many debates online about whether Google and the other search engines penalize duplicate content. The thing is that the original source of the content will always rank higher than duplicate content so it is best to avoid it at all costs. Check for duplicate content using services like Copyscape.

The search engines definitely do not appreciate duplicate content on the same website. Sometimes an element of duplication is unavoidable with forums as people use quotes from posts to make a point. This is OK but duplicating entire posts or large chunks of a post is not good and would be better to provide a link to another post for reference than copy the content.

Conclusion

Follow the advice provided here and create quality posts for your forum. Your main aim is to give to the community but there can be other benefits as well. When you create quality posts, then forum members will perceive you as being an authority. They will want to follow you on social media and visit your website.

Don’t be in the minority and just consume information on a forum that others have posted. Be a leader, not a follower and start your own threads. Carefully plan what you want to say and use facts and figures to support your argument. Use videos and images as well to break up a long post.

Other members will appreciate the time and effort that you have put in to create a quality post. It is very satisfying to receive replies from other members stating how much they enjoyed your post and got a lot out of it. So be a quality junky and you will achieve the best results.

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The Best 12 Websites To Sell Your eBook Online.

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Digital Global JV™

Do you want to make money selling eBooks? One of the most common questions about this is “Where is the best place to sell eBooks online?” We will answer that question in this article so please read it through until the end.  

You had an idea for an eBook and then you spent your time writing it. It is a great achievement and you should be very proud of yourself.

Do you know what an even better feeling is?

When you sell the first copy of your eBook!

“There is nothing quite like it.”

There has never been a better time to create an eBook. With today’s technology, you can publish your eBook on a number of different websites. You do not have to try and convince a publisher that your eBook is worthy. You can take advantage of a wonderful thing called “self-publishing”.

The truth is that there are many online platforms available where you can make money selling eBooks. The majority of these websites are free to sign up to and they will split the revenue generated by your eBooks with you. In most cases, you will receive the majority of the revenue. But you need to understand that some of these platforms are better than others.

So what’s the best place to sell eBooks online? Well, we have 12 websites that you should consider here and we will let you decide which one you should use. In fact, you might want to use a few of them or even all of them. So let’s get on with it, shall we?

Amazon Kindle Direct Publishing

If you want to make money selling eBooks then you need a lot of traffic. Not everyone that sees your eBook offer is going to make a purchase so the more eyeballs you get to your offers the better. When it comes to traffic then Amazon Kindle is number one. We believe that it is hands down the best place to sell eBooks online.

When you sell your eBooks on Amazon Kindle you will receive up to 70% of the revenue. The minimum is 35% and the revenue percentage you receive depends upon on the amount that you sell your eBook for.

There are advantages and disadvantages to selling your eBooks on Amazon Kindle. One of the biggest advantages is the huge customer base that Amazon has. This is especially important if you are publishing your first eBook and you do not have a customer base of your own.

The second major advantage is that the Amazon self-publishing system is very streamlined and it is very easy to publish your eBook. It is also very easy for buyers to make a purchase as well which is exactly what you want. This will significantly improve your chances of selling more eBooks.

No system is completely flawless but Amazon Kindle comes close. There are very few technical problems with the Kindle publishing platform and if something does go wrong then they have a competent team that will deal with the issue.

One of the biggest disadvantages of Kindle publishing is the amount of competition. If you have written a nonfiction eBook in a popular niche for example, then you are going to have a number of competing authors. It can be difficult to get your eBook noticed on Amazon Kindle.

The other major disadvantage is low pricing, and to receive the biggest share of revenue (70%) you need to price your eBook low. We are talking from $2.99 to $9.99. Kindle is pretty price sensitive and $2.99 eBooks will outsell $9.99 eBooks for sure.



Barnes & Noble Press

Barnes & Noble Press is a platform for self-publishing created by Barnes & Noble. Barnes & Noble certainly know a thing or two about books, and when you publish your eBook on Barnes & Noble Press you have the chance to get it in front of millions of their readers.  

A few years ago Barnes & Noble introduced the Nook reading device. It was similar to the Amazon Kindle but did not sell as well. There are still a lot of people out there with Nook devices but these days a lot of people download the Nook app so that they can read eBooks from Barns & Noble on their iPhone, iPad, Android phone or Android tablet.

One of the really good things about using the Barnes & Noble Press to make money selling eBooks is that you can use any format you like to create your eBook. Their platform will also help you to format your eBook and your cover file and then once you publish your eBook it will take around 3 days to appear on their website BN.com.

Any Barnes & Noble reader that has an interest in the genre of your eBook can find it using Nook or through the main website. There are a number of marketing programs that you can take advantage of such as emails to interested readers.

Is it the best place to sell eBooks online? Well in our opinion it is certainly worth looking at as you can earn good royalties and they do have a large customer base. Their self-publishing platform works well and they do offer marketing and design support.

“IF YOU CAN NOT BUILD TRUST WITH YOUR CUSTOMERS, THEN YOU WILL NOT BE BUILDING ANYTHING!“

Smashwords

Smashwords is a self-publishing platform that many eBook authors overlook. These authors think that publishing on Smashwords is not worth the time and effort but there are some good reasons why you should consider it.

A lot of eBook authors do not like the fact that there is an “auto-vetter” system with Smashwords and if you want your eBook to have Premium distribution status then a member of the Smashwords team needs to review it. If your eBook is high quality then you do not need to worry about these things. 

It is worth going for Premium distribution with Smashwords because your eBook will appear on many different platforms. These platforms include:

  • Apple
  • Axis 360
  • Baker & Taylor
  • Barnes & Noble
  • Blio
  • Kobo
  • Library Direct
  • OverDrive
  • Page Foundry
  • Scribd
  • Txtr

What is the advantage of this? Well apart from the wider network to help you make money selling eBooks you also improve your search engine optimization (SEO) so it will make it easier to find your book on the major search engines.

Smashwords also provides you with the ability to create discount coupons for your eBooks. These can be very effective to use on social media platforms where you have a good following and also if you do email marketing.

Smashwords also has an affiliate marketing system that you can use to encourage people to promote your eBooks as an affiliate. Is Smashwords the best place to sell eBooks online? Well, it certainly has a number of advantages.

Lulu

There are a number of advantages for choosing Lulu for self-publishing your eBook. You can make high royalties in the region of 90% depending upon the distribution options that you choose.

If you want to self-publish yourself then you can do this with Lulu for free. At the other end of the scale, you can pay $219 for their “Amplifier” service and they will publish for you and you will receive a paperback copy. With this option, there is also the option for printing using Barnes & Noble and Amazon.

You can create your eBook using Microsoft Word and self-publishing on Lulu is easy. However, if your eBook includes tables, footnotes and images then you will be advised to contact the support people at Lulu to chat about their premium publishing offerings.

Your eBook will need approval by Lulu and one of their people will review it. Once you have approval then your eBook will appear in your Lulu account and will appear in the Lulu store. It can take up to a fortnight for Lulu to approve your eBook.

If you intend to do a lot of the online marketing of your eBook yourself then Lulu can help you to make money selling eBooks. It is not the best place to sell eBooks online by itself but the extra distribution channels can help.

Kobo

A self-publishing service called Kobo Writing Life came into being a few years ago. Now the people behind Kobo claim that they have one of the largest eBook stores in the world that is available in 190 countries, with 68 different languages and more than 4 million titles available.

The self-publishing platform at Kobo is easy to use and very user-friendly. There is a 5 step process to publish your eBook and there is no charge to convert your eBook manuscript into the e-pub file format that they use.

The royalty structure on Kobo is pretty simple as well. For eBooks that are priced $2.99 or more, then the author receives 70%. There is no cap with the pricing either. If you want to charge less for your eBook between 99 cents and $2.98 then you will only receive 45% in royalties.

Kobo has teamed up with the American Booksellers Association and this means that there are thousands of independent stores that could sell your eBook on their websites. This is great digital marketing and a great way to make money selling eBooks. Kobo is one of the best places to sell eBooks online.

iBooks

If you really want to be successful and make money selling eBooks then you need to think globally. A lot of people think that Amazon is the king of eBook sales everywhere in the world but it isn’t. It certainly rules in the United States but in other countries, Apple’s iBooks is top dog.

All Apple iPhones and iPads have iBooks installed. And there are an awful lot of these devices out there. Why should people have to purchase a Kindle device to read eBooks when they can use their iPhones and iPads to do this?

A lot of authors are worried about the complexity of publishing in the Apple iBookstore. The truth is that it was not that complicated at all and now there is a platform to make this easier called iBooks Author.

OK, self-publishing using iBooks Author is more involved than it is using other self-publishing platforms. If your eBook has a lot of images and other features such as tables, charts, and audio then iBooks Author has a simple drag and drop system that makes self-publishing easy.

You will need a Paid Books Account with iBooks before you can self-publish and it takes Apple a couple of days to review this. You will receive 70% royalties for all eBook sales regardless of the price you sell each eBook for. Apple iBooks can be the best place to sell eBooks online if you want to sell globally (and why wouldn’t you?).

eBookIT

If you are looking for a way to distribute your eBook widely on the major platforms then eBookIt is worth considering. They will distribute your eBook to big players such as Barnes & Noble, Amazon, Kobo, Google, Apple, and Ingram.

When you sign up to eBookIt you will need to provide a onetime distribution fee of $25. You can then use their platform to convert your eBook into an e-pub file and there are tools to improve the formatting etc.

If you want eBookIt to handle the formatting and conversion then they offer a premium service at a cost of $149 to do this. You have to also pay the distribution fee of $25 as well. eBookIt will provide ISBN’s for your eBooks. For $99 eBookIt will provide you with a custom eBook cover.

When you use eBookIt to distribute your eBooks they take 15% of any net profits. Authors receive their royalties via PayPal. They have a number of promotional offers such as media blasts and press releases on offer. Some authors have had good results from eBookIt but we not say that it is the best place to sell eBooks online.

Google Play

You just cannot ignore Google. Their Android operating system powers the majority of smartphones out there and their bookstore is huge. When you self-publish your eBook on the Google Play store they will not ask you to provide them with exclusive rights.

Google Play is available in many countries across the world. You have a lot of flexibility with the Google Partner Book Center and if you want to offer your eBook at different prices for different countries then you can do that. You can also offer a free PDF version of your eBook which you might want to do for marketing purposes.

Royalties on Google Play are around 52% which is not great. The self-publishing interface on Google Play is not the best either and it will challenge even the most patient of authors. One good thing is that you do not require an ISBN to publish on the platform.

If Google decides to discount your eBooks (which a lot of publishing platforms can do) then it will actually pay you royalties based on the full list price which is a good feature. Will you make money selling eBooks on Google Play? Well, you may make some money so it is best to use it as a way of reaching Android users and not as your primary source.



Scribd

Scribd is famous for being one of the biggest websites in the world for publishing documents such as presentations and PDF’s. A few years ago it decided that it would offer a premium reader service where subscribers would pay $8.99 per month, and with this service, customers could read an unlimited amount of books.

This monetized service presented an opportunity for self-published authors. They now have an eBook store where eBooks can be purchased (this is outside of the subscription service) and the royalties for eBook sales are 80% which is good.

When you self-publish on Scribd you do not need to worry about converting your eBook into an e-pub file. You can publish using popular formats such as PDF, RTF and Word docs free and it is easy to make changes to published eBooks after publishing.

As a Scribd self-publisher, all you have to do is register for a free Scribd account and you will be in control of pricing, what the reader can preview and the analytics showing your sales figures etc are pretty good too.

Scribd gets a lot of traffic every month but we would not recommend it on its own as the best place to sell eBooks online. Use it in conjunction with other platforms to make money selling eBooks.

BookBaby

BookBaby offers authors another way to distribute their eBooks to giants such as Barnes & Noble, iBookstore, Amazon and Kobo. If you want BookBaby to convert your eBook into the required e-pub format then you will have to pay them $99 to do this.

There are both free and premium distribution packages with BookBaby. If you go for the free package then you receive 85% royalties of net revenue. When you purchase the premium package for $249 you receive 100% royalties of net revenue.

There are other services available from BookBaby such as a standard eBook cover design for $149 or a deluxe cover design for $279. Book baby can assign an ISBN for your eBook for $19. They also provide guides on marketing your eBook and there are other promotional opportunities.

Blurb

Blurb has its own bookstore and will also distribute to the Apple iBookstore. You will need to pay a publishing fee of $9.99 for their service. Blurb is really a niche publishing service and you may want to consider it if you have a media-rich eBook such as a children’s book or a recipe book.

When you use Blurb you can use their design templates and you will receive 80% royalties. If you make sales via the iBookstore then you will have to pay the 30% fee there before royalties. You can choose payment via check or PayPal.

Although Blurb is not the best place for selling eBooks online it does have some useful features. If you really want to make money selling eBooks then there are better alternatives such as Amazon Kindle.

“BUILDING A SIX-FIGURE EBOOK EMPIRE TAKES TIME, HOWEVER, IF YOU ARE PERSISTANT, THEN ONE DAY IT WILL PAY OFF, IT JUST TAKES EFFORT & TIME.”

Payhip

Payhip is another platform where you can make money selling eBooks. It is a simple platform to use to get your eBook published and ready to sell. There is a feature for affiliate marketing, the creation of discount coupons and all you have to pay is a 5% transaction fee when you sell your eBook.

You can publish your eBooks using the PDF format which is quick and easy. You can update your eBooks at any time and there are no charges for this. Payhip does not have the traffic of some of the other self-publishing platforms but it is quick and easy to use.

Conclusion

We recommend that you take advantage of the opportunities offered by these self-publishing platforms. Creating the right eBooks and using the right marketing can bring you a passive income each month that grows and grows as your eBooks become more popular.

The best place to sell eBooks online is probably Amazon Kindle but we recommend that you look at some of the other platforms too so that you maximize your chances to make money selling eBooks.

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What is Crowdfunding?

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What is Crowdfunding?
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Is Crowdfunding right for you?

Digital Global JV™

It is the big process of collecting money from a large number of individuals for building a new business or company. The project may be either a completely new concept or modification of an existing one. Although the new venture can be in any field like insurance, healthcare, finance, etc a lot of projects are based on IT (Information Technology) only. Mostly, the funds are collected only via the Internet.

Basically, any crowdfunding project will have three types of participants namely the creator/owner, moderator and the donors.

  1. OwnerThe project owner is the one who explains the scope of the project that requires funding by creating the complete set of documents related to the project like about scope/objective, milestones, roadmap, team, etc.
  2. DonorsThe donor may be a single person or a group. They form the backbone of the project as they believe that the project will reach greater heights.
  3. ModeratorIt will be a platform or an organization in which the crowdfunding transactions take place. The moderator will be responsible for solving the disputes between the owner and the donors if it arises.

Every year, many projects are able to raise millions of dollars through crowdfunding.  Approximately $30 billion dollars were raised by various projects in 2015. Can you guess what is the highest amount raised by a single project through crowdfunding? $77 million dollars. Are you curious to find out the name of the project? It is called “Star Citizen”. Star Citizen is an online combat video game developed by an individual named Chris Roberts and Cloud Imperium Games.

Different types of Crowdfunding

In the case of charitable donations, people don’t think about returns as they are spending the money only to help the good cause. It is not applicable to crowdfunding as people do expect returns on their investment. Basically, there are four types of Crowdfunding which are given below:

  • Reward-basedHere, the donors will get a small reward for their valuable contribution. For example, let’s assume that a local pop singer is raising funds for his/her next album which is related to a social cause. As a token of appreciation, the donor may get a FREE copy of the album or a ticket to the singer’s live concert. Who will be creating the reward-based campaigns? Mostly film producers, artists, and musicians will run this type of crowdfunding project because they will not able to raise funds by getting loans from banks. The type of reward varies based on the individual’s contribution and should have at least three levels. More contribution, more rewards.
  • Equity-basedThis type of crowdfunding is similar to the Venture capital investment because the donors are given some percentage or few shares of the company for their contribution towards the project. So, the donors will become the shareholders of the company and can track the progress of the project on a regular basis. Plus, they can get high returns on their investments if they are funding the right project at the right time. Generally, equity-based campaigns will run for several months and mostly used by entrepreneurs or start-ups who need to raise more than $100,000…


  • Debt-basedDebt-based crowdfunding is equivalent to getting loans from banks. But, the only difference is that the project owner will raise the funds from a group of people instead of a single individual. Here, the donors will not get shares or rewards from the company. Simply, they are lending the money with the hope that they will get the principal back with good interest. For example, someone can raise funds for home improvement or clear their huge credit card debts using this method. In debt-based campaigns, the donors will set the repayment schedule as well as the interest rate.
  • Donation-basedYou might have heard about the GoFundMe platform. It is a good example of donation-based crowdfunding where many people help to raise money for a good cause. For example, a friend or family member can create a campaign to raise funds for performing major heart surgery to a 5-year old kid. This type of crowdfunding is like online charitable donations. Typically, donation-based campaigns are used to raise amounts up to $20,000.

Make sure that you always follow the below guidelines irrespective of the type of crowdfunding project you choose.

  1. Identify your crowdfunding goalsWhy are you interested in funding a project? If it is only for investment purposes, then why you are not considering options like stocks, mutual funds, etc. instead of crowdfunding? When do you expect to get returns on your investment? If you wish to get a profit in a few months, then Equity based projects will not suit you because you need to wait at least for a couple of years or so to achieve that goal. So, you need to ask yourself quite a lot of questions and fully understand the objective before investing money for any project.
  2. Choose the correct platformThere are a lot of crowdfunding platforms like GoFundMe, Kickstarter, Indiegogo, RocketHub, Give, etc. (Source: https://www.godaddy.com/garage/top-20-crowdfunding-platforms/ ). Each platform will have its own set of rules and regulations for funding a project. Take your time to know the terms and conditions of the platform as well as the project you wish to fund. Check out whether the platform lists all kind of projects or specific to a field or industry.
  1. Finding the right projectLet’s assume that you are a techie who loves to spend money to experience the latest technologies. Will you be interested to fund a project related to medicine or history? No. So, it is very important that you should have some knowledge or interest in the project you have chosen for funding. Before finalizing the project, carefully review all the documents and find out whether the project really has the potential to grow.
  2. Understand the legal aspectsOnce you finalize the platform and the project, make sure that you have clearly understood all the legal aspects of the project and the platform. If you are not able to understand it fully, then you can consult a lawyer or similar professional to get their legal opinion.

A Crowdfunding project will yield good returns if you do your homework, and research, otherwise, you will have done a lot of work for nothing.

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