eBook sales are expected to nearly double this year. We’re in a unique time where the demand for eBooks is growing so much faster than the supply, partly because tablet computers have been selling like crazy. There’s a hungry demand for eBooks that can be read on these devices.
This trend towards eBook mobility is only going to continue.
For my own eBook, I can also see that sales of the digital version are exceeding sales of the paperback and hardcover versions combined. I expect this gap to widen even more over the next five years.
This situation creates some unusual opportunities for eBook authors. Eventually the supply will catch up, but for now the demand is increasing at a much faster rate. There are still far more print books than eBooks on the market, but the sales momentum is all on the eBook side. This is creating something of a gold rush for eBook authors.
This trend is similar to the advantage I capitalised on when I started my blog, back then the demand was growing so much faster than the supply, and many people who started blogs around the same time I did saw significant traffic growth as public interest in blogs grew and grew. If you’re just starting a blog today, however, you’re pretty late to the game since now the field is much more crowded.
Our goal is to find multiple income streams, and the more passive the better.