Ebooks have gained tremendous popularity in the past decade. No wonder, the revenue of the ebooks industry is projected to reach $15,633 million by the end of 2021. While starting an ebook-selling website is definitely a lucrative idea, a lot of entrepreneurs aren’t sure how to start an ebook store online.
That’s why Techosquare decided to create a post to give clarity on how to launch an online ebook store. Along with ebook store development, we will also give a little touch-up about e-commerce website development cost as well.
Let’s first see how the ebook industry will grow in the upcoming times.
The ebook market is expected to cross the volume of $17,723 million by 2025 and achieve an annual growth rate of 3.18% from 2021 to 2025. User penetration in the ebooks category will also reach 13.6% worldwide in 2021 and is expected to hit 14.9 by 2025.
Reading ebooks on devices like Kindle is a status symbol in modern times. Hence, this industry will keep on growing for years to come.
The above stats prove that launch an ebook store is an ideal e-commerce business to make huge profits in this decade. However, some details need to be kept in mind while setting up your own e-commerce business:
To launch an ebook store online, it's important to identify a niche carefully and select a targeted audience. Here are top-performing segments of the ebook market today:
Self-help and motivation
Trying to become the 'Amazon of books' in the very beginning can backfire. So, tread cautiously!
Going multivendor with your online store means MASSIVE profits. Learn about multi vendor marketplace
The next crucial step involves conducting market research. Techosquare recommends a multi-channel approach that involves social media (Facebook, Twitter, Linkedin), Google, and offline surveys. Track writing and publishing forums to see what's trending and identify market gaps. The market survey and research will help you discover what you need to bring to the table to make space for your ebooks venture.
Start by selecting the right e-commerce store builder. Visit some famous ebook stores online like Amazon Kindle to take note of necessary e-commerce store features. Choose a solution that's flexible enough to add new features and capabilities. This is critical because most online marketplace builders are not really designed to sell digital products like ebooks.
Once your online store is ready, it’s time to advertise your new ebook venture! You have a variety of options available in this. Google advertising, SEO, and social media ads are the popular options to get your startup in front of potential customers. Hiring a marketing agency is a good idea if you don't have the expertise or time to run advertising.
You must have gained all the critical insights about starting an ebook store. While everything we mentioned above is important, online store technology will make the biggest difference in the long run.
Swiftkart is quickly emerging as the best online store builder for small and midsize businesses. Check out its key features!
Highly responsive design
Start your online ebook store business with Swiftkart to get started at a one-time fee of less than $1000!
2021 is the perfect time to launch your online business to secure big sales and profits. Planning to start your online ebook store but still have some queries regarding business model, store development, and growth? Email us at email@example.com to share your questions and we will answer them all!