Want to make money with an ebook? One way is to sell it. But you can also do well by giving away your ebook, if you do it right. Here are seven of the best ways to profit by giving your ebook away for free.

1. Upsell to another product or service. Use your ebook as a preview of something you have for sale: a longer ebook, a printed book, consulting services, a workshop or event, an audio product, etc. Give customers a sample of what they get in the paid product.

2. Drive traffic to your web site. Then convert that traffic into cash through product sales, affiliate links, advertising revenue, etc.

3. Include affiliate links in the ebook text, so readers click and you earn commissions. If your ebook tells them how to do something, link to relevant resources they can use.

4. Build your expert reputation. If your ebook goes viral, a lot of people will learn who you are. If your content is valuable, you will develop a legion of fans.

5. Grow your mailing list by giving your ebook to subscribers. A bonus ebook can motivate people to sign up for your mailing list. When they read your great content, they will be hooked!

6. “Bonus-up” an offer. Add value to a product offer by including your ebook as a bonus with purchase. It costs you nothing to deliver it, but has a high value to customers.

7. Create relationships by letting others give away your ebook. Allow a related site to give away your ebook to their mailing list. Encourage other experts in your niche to give away your ebook as a bonus when customers buy from them. Offer it as a bonus during a bestseller promotion.

There are many other ways to profit by giving away your content. For more ideas on profiting from free and paid content, claim a free one-hour audio about turning your content into cash at http://www.CashContentFormula.com.