If you are looking to make money online, there’s probably no better way to start than with Kindle publishing. It’s relatively easy and low risk to get started compared to other online businesses.
In this post, I’m going to share my top 4 reasons why you should start with Kindle publishing:
Kindle Publishing is especially attractive for starters because of the low barrier to entry. If you’ve been looking for ways to make side income online but are limited on budget, Kindle publishing is for you. Practically anyone can publish as long as you have some creativity, common sense and care about your audience.
For instance, with a measly $300, you can hit the ground running. Or if you write your own book, it will cost you significantly less! Then once your book is up, you start earning right away.
That said, the ideal starter budget for Kindle publishing is about $1500. There are a couple of things you need to get right when you’re starting to guarantee some sales.
Marketing is of utmost importance, and for this, you’re going to need some training. In fact, a big chunk of your startup cash is going to be invested in quality education. This is something that cannot be overlooked, but it is well worth it in the end.
In addition, you need to publish at least two quality books right off the bat. Since it is highly unlikely (but possible) that your first book will be a bestseller.
There’s a bigger chance that one of your books will be a success and if so, you will get buoyed by that success and you can replicate the winning formula to create other books.
Once your book starts earning you money, you can reinvest the money into writing or outsourcing (smartly) high-quality books. With more cash to spend, you can outsource many of the tasks involved so that you focus on creating new ideas and marketing your books. You can outsource the writing, cover design, and pretty much anything else you do to get the book published.
The unique thing about Kindle publishing is that it offers more than one way to earn from a single book. For instance, you can publish the same book on Createspace and also publish an audio version on ACX. That’s one asset with three streams of income.
You can do this for all your books and the money starts to add up quickly.
One thing to note is that you need to scale if you want to make a six-figure income from Kindle publishing. For instance, good, experienced publishers make between $150 to $300 per book per month. You can see how your income can increase quickly.
Bottom line is that it can be done. Remember there’s no limit to how many books you can publish. All you need to do is repeat and refine what works.
This is one of the top-most reasons to start with Kindle publishing. You don’t need any specific skill to get started. You do need a good topic, however, and good marketing know-how, which you can get from a high-quality kindle course.
You also need to learn the basics of how to start publishing on Kindle. There’s a lot of great info online to help you get started. Whatever you choose, here is where you should put your learning emphasis towards:
The best part is that once you have a couple of books published, you become comfortable with the process. You can then refine your methods and increase your success.
Once again the best part of this process is that you do not need to actually be skilled in anything! Not good at writing? Outsource! Not good at graphic design? Outsource! Not good at copywriting? Outsource! Make sure to subscribe to my email list to get my Kindle Publishing Toolbox and get access to all the services I personally use.
There are many ways to earn passive income online. However, since Amazon handles all of the sales and your books get organic traffic from their website – most of the hard work is done for you!
The income from Kindle publishing is pretty much passive once the book is uploaded. You pretty much just sit back and watch Amazon do its magic.
Producing many quality books quickly is the key to scaling up. A premium ghost writer costs up to $1000 per book but you don’t need to spend that much!
All you need to do is spend some time searching Upwork and you will land a decent writer at $1-1.50 per 100 words
The same technique works for cover design and the description parts. Outsource and get the work done fast.
Scan through the Kindle store daily. Browse best sellers in the different categories. You want to develop an eye for design for your own cover designs. The majority of users on Amazon are impulse buyers so learn how to use colors and lettering that grab customer’s attention.
The best part of having a Kindle business is that once it is built up, it doesn’t require a lot of work to upkeep. You can choose to continue releasing books or not, or you can kick back and watch the royalties roll in on the books you already have.
Publishing on Kindle has immense potential. With Amazon’s giant free search engine, you have instant access to millions of potential buyers.
There’s simply no better time to start a self-publishing business than now.
E-book sales are in billions yearly and have been rising steadily. Get started now and claim your share of the pie.
The best way to achieve success with Kindle publishing is to replicate what successful publishers have done.
To help you get your business started, check out my recommended Kindle Publishing course: Self Publishing Revolution which gives you the tools you need to succeed!