How to Create a Moneymaking Machine From an Old Book!

You may have heard the stories and they are really true! Enterprising people have come across inspiring books in used bookstores that you subsequently determine to be in the public domain and therefore, free for you to use as you please. Your Home Publishing business can provide a worthwhile and lucrative income from public domains works but in order to make your products available online, you need to digitize the product. Your finished product can be delivered in PDF format (Portable Document Format) and most computers these days have the software built in to do this. So how to digitize the hard copy public domain material you discover? There are a variety of ways you can do this.

Scan the Entire Book into Your Computer

If you have a scanner and the time you may want to scan the entire book into your computer, especially if you will be working with either the entire book or large chunks of it. You could use a software program like TextBridge which will enable you to edit the text word processor style after scanning. Since you can do anything you want with it, you could republish the entire book in a digital format and add either affiliate links or links back to your websites. If you don’t have a quality scanner or are pressed for time, you may want to outsource this all important task. It could cost you as much as two or three hundred dollars but it will be well worth it when you are able to sell the finished product.

Even if you only plan to create smaller projects from the book, like articles or blog posts, you’ll get frustrated working with a book in its physical state. Whereas there’s nothing better than curling up with a good book, trying to find the page the information you want is on after a few tries will get old, especially when you can do a simple word or phrase search when it is in its digital format. So if you find an old book that is in the public domain that you can create new products from, plan on scanning it or having it scanned. It will be well worth the cost and effort. By the way, I mentioned blog posts earlier. Having a blog linked to your sales page is crucial if you want to maximize the potential of your product. You can place extracts of your digital product on your blog as a taster for visitors which will encourage them to link to your sales page and buy your ebook.

There Is So Much You Can Do With Your Digital Product

Now, you can create your own customized product and add value to the material by including your own observations and insights into the subject. No more flipping back and forth through the pages to find exactly what you are looking for. Now you can easily locate, mark, and move text to suit your needs. So now you can easily create articles, blog posts, e-courses, ebooks and more from your digitized book.

Create A Business Plan

It’s important that you have a business plan! I always find it helpful to work from a ‘to do’ list and often use ‘mindmaps’ to visualize where I am going with my product from conception and research to editing and producing your product. Your business plan should also outline very clearly how you intend to promote your product on the internet. Remember, you won’t be earning any money during the time that you are creating your new product so it is important that you develop a plan and a time line that will work with your budget. That’s because you could literally spend months creating different products from just one book, especially if you are doing all the work yourself so it is important to know exactly where you are going with this project.

If all you plan to do for instance is submit articles to article directories or make blog posts, you can do that in a relatively short amount of time. But if you plan to republish the entire book in a digital format, complete with links, you are undertaking quite a project! You’ll need to update the language, check the facts, and do keyword research as well. Since this could take quite a while, you may have to work on this as a special project, working around the time you spend earning money on other projects, depending on your budget. That is why it is so important that you make a plan to begin with before you get bogged down in your public domain book and look up and realize you haven’t earned any money for the past month! With careful planning, though, you can turn your public domain project into a real moneymaker!