4 Book Writer Success Stories [2024]
Have a knack for storytelling and a love for words? Consider becoming a book writer. Penning books, whether they're novels, non-fiction, or children's stories, is more than just an art β it's a viable business.
Your focus will be split between creating compelling content and handling the business aspects like marketing, networking, and dealing with publishers or self-publishing platforms. Each day, you'll need to invest hours into writing, editing, and polishing your manuscript.
The joy of seeing your ideas come to life and resonating with readers around the world can be immensely rewarding. It's hard work, but with dedication and effective strategies, it can turn into a lucrative and fulfilling business.
Imagine holding your published book, knowing that your words have the power to inspire, entertain, and educate. Writing a book could be your path to not only creative fulfillment but also financial independence.
In this list, you'll find real-world book writer success stories and very profitable examples of starting a book writer that makes money.
1. QWANTIFY ($7.2M/year)
Keith Lynch, the Founder and CEO of Qwantify, came up with the idea for his digital development and marketing agency after receiving requests from colleagues, family, and friends to develop profitable websites for them. With his knowledge, experience, and skills in digital marketing, he launched Qwantify in 2016 and offered a unique selling proposition of a revenue guarantee, which set him apart from the competition. Today, Qwantify is a multi-million dollar per year agency that attracts hundreds of new partner inquiries every month.
How much money it makes: $7.2M/year
How much did it cost to start: $1K
How many people on the team: 22
Qwantify is a digital development and marketing agency that operates a Partner Program guaranteeing websites earn a minimum of $10,000 per month, and since 2016, they have grown to become a multi-million dollar per year digital development agency.
2. EOFire LLC ($1.8M/year)
In 2012, John Lee Dumas, a former tank commander and real estate agent, started listening to podcasts during his long commutes. Realizing the lack of consistent, inspiring content, he decided to start his own daily podcast, Entrepreneurs On Fire. Despite having no online presence or broadcasting experience, he took the leap, hired a mentor, and launched the podcast. It quickly gained traction and led to the creation of other successful products and services, generating over $100,000 in net revenue every month.
How much money it makes: $1.8M/year
How much did it cost to start: $500
How many people on the team: 5
John Lee Dumas launched Entrepreneurs On Fire, a daily podcast interviewing successful entrepreneurs, and went on to create multiple successful products and services including Podcasters' Paradise, which has consistently generated over $100,000 in net revenue every month for 89 months in a row.
3. AllAuthor ($180K/year)
Naveen Joshi and his brother Mady noticed that self-published authors were struggling to market their books due to lack of time and technical knowledge. They created AllAuthor as a book promotion platform with a subscription model that provides self-help tools and features to simplify book marketing. They started with a $15,000 loan, and through close collaboration with authors and constant feedback loops, they built a loyal customer base and achieved a retention rate of 80-85%.
How much money it makes: $180K/year
How much did it cost to start: $20K
How many people on the team: 8
AllAuthor is a book promotion platform that helps self-published authors to market their books, offering a cost-effective subscription model with free and paid membership options, generating $20,000 in revenue with a retention rate of 80-85% amongst its 13,500 authors from developed countries.
4. Merrative ($24K/year)
Harshala Chavan, the founder of Merrative, came up with the idea for her business after noticing a lack of dedicated spaces for people to discuss literature. After attending a book club meetup, where she had a great discussion with others who had read the same book, she wondered if she could bring this experience online at scale. She validated her concept through participating in BPlans and growing her Instagram page, which eventually led to the launch of Merrative as a community-led marketplace for publishing talent.
How much money it makes: $24K/year
How much did it cost to start: $100
How many people on the team: 0
Merrative, a community-driven marketplace for publishing talent, generates an average of $1,500 per month in marketplace transactions from their 5,000+ strong community of readers, writers, journalists, and scholars.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
