How to Make Money from your Research?

We have listed several ways, most of which include publishing your work and earning some extra money. All you have to do is deliver quality research and upload it. But it takes some knowledge about where to upload them and who you should market your work to.

GRIN

The first we’d recommend is an online free publishing platform. With GRIN, you can upload your work for free and as an Ebook or hardcopy with your unique ISBN. The entire process takes about 5 minutes. Whatever your research is about, we’d suggest you make it sound appealing to a reader.

Why? Because whatever your academic research contains, it must deliver value.

There are 86000 other authors who’ve uploaded their work. And just like everywhere, your work must stand out. Make sure your work is polished and ready for the reader.

The advantage of GRIN

The best part is that they make your work available to millions by publishing and marketing it on different platforms, mainly online retail bookshops. Some of these are Amazon, Google Play, or Apple’s Online Book Stores. You can select a one-time payment or a royalty on every sold copy.

However, you must be aware that this is a business. And this means that GRIN will only give its writers 45% of royalties for each sale. Still, it’s a great deal. And it only takes a few minutes.

Thinkific

If you’re up for some work and design, you could build up your own course based on your research. This might be time-consuming a little, but the payoff is huge in terms of revenue. Thinkific gives you everything you need to easily create, market, and sell your own online courses. You can use your research to build a brand out of it and grow your audience.

Thinkific is an all-in-one platform that allows entrepreneurs and businesses to create, market, and sell online courses. The platform makes it easy to share knowledge, grow an audience, and scale a business.

Self-publishing

This may sound a bit cheesy. But if you’ve already finished your thesis and earned enough praise from your superiors, self-publishing is worth a shot. After all, self-publishing is free and takes only a few hours. All you need to do is convert your thesis from doc or pdf into an ebook, brush up your work to become easily readable and void of errors, and market your work online. 

Lulu

Let’s start with a basic publishing company like Lulu.com. They give their clients the chance to publish hard copies for their readers or to publish pdf versions of their book.

Meanwhile, Lulu has a simple process, there are far too many books and fewer buyers than on Amazon. So you will have to sell your thesis yourself either by promoting it to friends, family, on social media or on your personal website (if you have one.)

On the bright side, with Lulu, you can distribute your work to other platforms like Apple’s iBookstore and Barnes and Noble’s Nook, where you can broaden your research’s availability. Lulu also takes a certain percentage of your total sales and a 1-2% commission if you distribute through their system. 

Amazon Kindle

Other websites where you can share your work with a higher standard of buyers are on Amazon, by trying out their publishing services, where you can earn 70% or 35% revenue of your total sales. To some extent, all the current Kindles do a bang-up job of replicating the reading experience of having a hardcopy in digital form. Ebooks can allow avid readers to tap into a vast library of eBook titles with long battery life because of their black and white frame.

Although this is better for those whose thesis is more qualitative, (having fewer graphs, images, diagrams, or calculations.) This is because converting images into an ebook can mess up your imagery, font, or settings. For transferring word documents into ebooks, I’d suggest downloading Calibre to help you convert your word docs. If you are unfamiliar with Calibr, here is this few-minute tutorial to see how you can convert your data.

Koboa

Just like Lulu, Koboa is another friendly platform for publishing your work, where your earnings will directly be transferred to your bank account. However many readers complained about the slow page-turner and sometimes difficult to follow their orders. But it’s still a fun and easy method to give yourself a chance to monetize your thesis.

The best part of all these platforms is that you can personally set the promotional price and pre-orders of your work. If you believe that your work is deserving more praise and credibility, you can raise the prices you see fit. (Although my suggestion would be to lower it if you are a first-time publisher, before creating a name for yourself.)

It is difficult to find your target audience if you are a new or unpublished author or researcher in your field. It all comes down to how you market yourself and what knowledge you can give your readers. Picture yourself as the buyer: how much would you be willing to spend on a book like yours? If you know the answer, that should be your supply.

Freelance your Knowledge

Last and not least, you can use your knowledge. This might be much closer to freelancing. But it is perhaps the best way to make money, not just from your paper, but from what you already know. As a researcher or student in your field, you have a chance to monetize your studies by helping others.

Copywriting or ghostwriting on freelancing platforms like Fiverr or any other freelancing platform is a good way to share what you already know. You can create a profile in your profession and let people know that you’re here to help. This is also a great way to occupy yourself in case you are on the lookout for a job, yet cannot find one immediately. 

Freelancing is perhaps the fastest and easiest way to find a client to pay for your skills you have a good reputation in your field.

Launch your own website

Creating your own domain to dictate what you want to share with your audience is a long-term solution. But it is the most effective.

With your own website, you have a chance to share all your thoughts not only on your own domain but on social media as well as claim a place in Google search if you write consistently. If you ever think of starting your own website, we’d suggest using Bluehost.

If you found this article useful, we publish many more new contents to help earn a fair share.