I Thought I’d Make $500 a Day Selling Ebooks Online — Here’s What Really Happened

Steven Ernie Olsen
6 min readSep 19, 2024

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The promise seemed simple: write an ebook, upload it to a platform like Amazon, and watch the money roll in. The internet is full of stories of self-published authors pulling in hundreds, if not thousands, of dollars a day selling their ebooks. For someone who loves writing and was looking for a side hustle with the potential for passive income, the appeal was undeniable. I imagined that with a few well-placed keywords, a strong cover design, and some marketing savvy, I could easily make $500 a day, if not more.

The reality, however, turned out to be far more complicated. Here’s what really happened when I decided to sell ebooks online and chase that $500-a-day dream.

The Initial Excitement: Setting the Stage

When I first decided to dive into the world of ebook publishing, I was filled with excitement. The barriers to entry were low: no need for a publisher, no physical printing costs, and platforms like Amazon’s Kindle Direct Publishing (KDP) made it easy for anyone to upload a book and sell it to a global audience.

I had a niche in mind — self-help and personal development, a genre that consistently ranks high in sales. I spent weeks researching topics, outlining chapters, and crafting what I thought was a compelling, actionable book that would resonate with readers. The process of writing the ebook was intense but fulfilling. I hired a designer to create a professional-looking cover, wrote a catchy book description filled with relevant keywords, and published it on KDP.

When my book went live, I eagerly watched the sales dashboard, expecting to see numbers climb within hours. I imagined that by the end of the first month, I’d be pulling in hundreds of dollars a day.

The Harsh Reality: A Slow Start

The reality hit hard. My first day’s sales? One copy. The second day, zero. A week later, I had sold three copies in total, and none of them were from organic traffic — they were all from family and friends. My dreams of raking in $500 a day felt distant, to say the least.

I quickly realized that simply publishing an ebook wasn’t enough. The “build it and they will come” mentality that I had relied on wasn’t going to cut it in a marketplace flooded with millions of other books. I needed to figure out how to stand out, and fast.

The Marketing Maze: Trying to Get Noticed

I began diving deeper into ebook marketing strategies. Every self-publishing guide I came across emphasized the importance of visibility — without it, even the best-written book would languish unnoticed in the depths of Amazon’s massive catalog.

I started by tweaking my book’s metadata — changing the keywords and categories to better reflect what people were searching for. Then came the promotional efforts. I ran Amazon ads, hoping that spending a bit of money upfront would bring a flood of sales. I created social media accounts dedicated to my writing, posted about my book on relevant forums, reached out to bloggers for reviews, and even consulted with a top digital marketing agency.

But as the marketing expenses piled up, the returns were minimal. Amazon ads were burning through my budget faster than I could make back in sales, and social media, while helpful for awareness, didn’t drive the kind of engagement I had hoped for. I was putting in hours of marketing work for little payoff, and the $500-a-day target seemed more like a fantasy.

The Cost of Competition

What I hadn’t fully accounted for was the sheer volume of competition. There are millions of ebooks on Amazon, and every day, more are added. While self-help is a popular genre, it’s also one of the most saturated. My book was up against seasoned authors with established audiences, professional marketing teams, and hundreds of five-star reviews.

The competitive landscape made it hard for my book to gain traction. Every time I searched for it using the keywords I had so carefully selected, I had to scroll through pages of results just to find it. Without the social proof of dozens of reviews or an established brand behind me, my ebook was often lost in the shuffle.

The Pricing Dilemma

Pricing was another challenge. I initially priced my ebook at $9.99, thinking it was a fair reflection of the value I had packed into its pages. But with so many other ebooks available for $2.99 or even $0.99, it became clear that my price point was a barrier. Reluctantly, I lowered the price to $2.99, hoping that a more competitive rate would entice readers.

While this did lead to a slight increase in sales, the margins were razor-thin. After Amazon took its cut (which is about 30% for ebooks priced below $9.99), my profit per book was minimal. The result? Even selling hundreds of copies a month wouldn’t get me anywhere near the $500-a-day mark unless I drastically scaled up.

Scaling Up: The Quantity Game

It didn’t take long to realize that, to make serious money selling ebooks, I needed to publish more. A lot more. Authors who were pulling in substantial income were doing so by building entire catalogs of books. The logic was simple: more books meant more opportunities for sales.

So, I set out to write another ebook, this time a follow-up to the first. But the time investment was significant, and after launching my second book, the results were similarly underwhelming. The thought of churning out book after book — while maintaining quality — felt unsustainable. The burnout was real.

The Emotional Toll: Disappointment Sets In

After several months, I found myself questioning why I had ever thought this would be easy. The time, energy, and money I had poured into writing, editing, marketing, and promoting my ebooks seemed disproportionate to the returns. My days were spent obsessing over sales numbers, tweaking ads, and trying to stay motivated. Instead of feeling empowered by the possibility of passive income, I felt drained.

It wasn’t just the financial disappointment that weighed on me. Writing had always been a passion, and turning it into a commercial venture stripped away some of the joy. I had started this journey with excitement and optimism, but now I was just struggling to keep my head above water in a crowded marketplace where it was easy to feel invisible.

Lessons Learned: The Reality of Selling Ebooks

One year after launching my first ebook, I had made some progress, but nowhere near what I had originally envisioned. I was earning a modest amount each month, but it was far from the $500-a-day dream. What I learned through the process was invaluable, though. Here are a few key takeaways:

  1. Ebooks aren’t a get-rich-quick scheme: Success takes time, effort, and often a considerable amount of luck. There’s no shortcut to building a sustainable ebook business.
  2. Marketing is everything: Simply writing a great book isn’t enough. Marketing — whether through ads, social media, or partnerships — is crucial to getting your book in front of readers.
  3. The competition is fierce: With millions of books available online, it’s hard to stand out. Authors need a unique angle or niche to carve out space in the market.
  4. Diversification matters: Relying on one ebook is unlikely to yield significant returns. Building a catalog of books can increase the chances of generating consistent income.
  5. Patience is key: The ebook business is a long game. Even with the right strategies, results can take months, if not years, to materialise.

Moving Forward: A Reality Check

Now, with a clearer understanding of the challenges, I’ve come to accept that making $500 a day from ebooks isn’t a realistic goal for most people, myself included. Unless you’re genuinely passionate about writing and willing to put in the long hours it takes to improve your craft, market your work, and build a following, this route is unlikely to deliver the financial returns you’re hoping for. Writing ebooks isn’t the golden ticket to easy money, and for many, it may be better to explore other income streams like web design that offer more consistent rewards for the effort.

In the end, selling ebooks can be rewarding if writing is truly your passion, but if you’re looking for a quick and reliable way to make money, this probably isn’t it. Save yourself the frustration and consider another path unless you’re in it for the love of the process.

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Steven Ernie Olsen
Steven Ernie Olsen

Written by Steven Ernie Olsen

Hi I'm Steven Ernie Olsen. I'm an Aucklander born and bred, and I write about the real Auckland, the things that make the city tick.

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