Amazing What Money Can Do Isn

What is the best way to earn money online in 2018?

I just answered a similar question here. Any here’s basically what I said;The truth is that thousands of beginners to the ‘make money online’ realm often spend countless hours merely wandering around the internet. They do this in search of a legit way to make money online.The sad reality is that many end up in frustration, desperation and persistent uncertainty. Or in being scammed of the little money that they, ideally, were not looking to spend. Or lose.Majority blindly engage and bask in MLM and network marketing, gambling of all forms (betting, binary options, crypto, forex), and other futile endeavors.All this they do in search of ‘free’ or ‘easy’ money. Others in earnest search of an honest pay for honest work done; but even this often proves elusive to the beginner.The alternative other left is the complicated stuff best reserved for the pros; starting a blog, building a freelancing career, a drop-shipping store, a YouTube channel, affiliate marketing, Amazon FBA … that sort of thing.So it becomes a a bit of a dilemma. A rock or a hard place.For me, as for a few majority, it is a dilemma I was lucky to solve.About a year ago, I discovered one of the ‘make money online’ s best kept secrets; online transcription. It was amusing to learn that thousands of beginners silently earned their first legit dollar doing this!The thing about transcription is the certainty and clear-cut processes and steps involved in getting in:Unlike say, programming, web & graphic design or other forms of freelancing that involve standing out from the crowd, with online transcription, if you pass the interview, you get the job!Even more, the industry is particularly keen on hiring beginners from around the world. No specific requisite skills or experience.Online transcription is just one of the genuine ways to make money online. I invite you to give it a try it. And why not?As coincidence would have it, I just finished putting together a step-by-step walk-through on getting started with online transcription in just four detailed steps, including where to find work, tips and all.You can download a free copy of this guide before its official release at the end of this month.Otherwise, I hope to have at least done justice in answering your question and in giving you a bit of insight. With that, all the best mate!

How much money does an author make from a best-selling book?

It depends upon what you mean by "bestselling." And I only know US publishing.Some books are called bestselling when they hit top ten rank in an Amazon sub-sub-category. Others are called that after months in a row on a NYT list. For traditionally published authors: If I recall correctly, and very roughly, the PW "The Red and the Black" series (once per year for many years), used to show that the top dozen books per year sell more than a million copies. The next hundred or so are between 100,000 copies and a million. Most of them seemed to sell most of their copies as mass market paperbacks, with another 1/4 as hardbacks. Let's run some numbers. A mass-selling hb probably has a list price of $22. Most of the royalties will be in the "after 10,000 copies are sold" level, so they get 15% of list price per copy sold. That's $3.3 per copy, or $330,000 per 100,000 copies sold. For a mass market paperback, most of the royalties will be in the 10% level, and the price will be maybe $7.99 per copy, or $0.79 per sale in royalties. That makes it $79,000 per 100,000 copies sold. Combine the two, and you're looking at an "average" of about $140,000 per 100,000.  Some bestselling authors actually get more per copy, because their publishers deliberately overpay on the advance. They do this so that they can pay more money without setting a precedent on royalty rates for other authors. Self-publishing authors rarely sell many copies in paper (maybe 1 or 2% of their total), even if they're top-selling overall on Amazon.  So we'll ignore that side. They're making most of their money on ebooks, and mostly on Amazon. They sell as well as bestselling traditionally published authors -- on Amazon. But they don't generally take the risks required in order to sell many copies in the other outlets that traditional publishers exploit. Traditionally published bestselling authors get about 1/3 of their sales on Amazon, and as ebooks. Using that, and the PW numbers, we come out that a handful of bestselling self-published authors will hit 300,000 copies per year, per title. Maybe a hundred of the rest will hit 30,000. They're usually publishing their books at about $4.99 per copy. And they get 70% of that, or $3.50. From this they pay any costs that they have, but let's ignore that side. They're getting about $1o5,000 per 30,000 copies. That's somewhere in the same range as the traditionally published author for the same level of prominence. Does that help?