Ever heard of amazon.com before?
Well, in the curious case you haven’t, I would suggest you come out of the cave you have lived for the last couple years and open your eyes to see an amazing opportunity to make some big bucks.
The reason I am saying this is because Amazon is the biggest online store on the planet. With annual revenues of well over 20 billion dollars.
If you ever visit Amazon you will see that you can literally buy ANYTHING. They sell from books to mixers and batteries to drones.
Ahhh books. What a nice hobby for many of us. I gotta tell you. I am a huge fan of reading. On average I read about two books per month (not including the ones I publish).
Last time I’ve read a paperback though goes quite a few years back. To be frank, the last book I remember purchasing in a paper form, was the Steve Job’s biography.
Ever since I have read more than 70 books, all in a digital version.
The thing is, that I am not alone on this. Even for Amazon, a pretty large chunk of the whole “book pie” comes from Kindle eBooks.
Kindle is the eBook reader of Amazon that allows you to read eBooks downloaded from Amazon Kindle store. Although they are in the .mobi format, you don’t really have to worry about that. The Kindle device does it all by itself. You just pay and download your eBook of your preference and within seconds, you’re good to go.
But, like I said, I’m not here to explain to you what Amazon Kindle is. Like I said there is a huge opportunity to learn how to make very good money on Amazon Kindle.
How Amazon Kindle works
Each time a customer of Amazon logs into his account, he pays in order to buy the eBook of his preference. Depending on the price of this book, a royalty ranging from 35% up to 70% is distributed to the publisher of the book – that guy or girl could be you 😉
Just to give you a rough idea of how profitable this business is, I started publishing my first book, 12 months before, and by this day, I easily make more than $3.000 per month doing exactly this.
You might be wondering how this thing works?
Obviously, the more books you have published the more money you make. Or, do you?
A few years before, when Kindle publishing was relatively new as an online business, the first publishers could get away with it very easily. They would just pump out “booklets” with 30 or 40 pages and they would make money with it.
Nowadays, Amazon Kindle ecosystem is a whole different beast. You can no longer make money this way. In today’s competitive environment, you don’t just need quantity but a variety of different skills like:
- Productivity skills
- Design skills
- Marketing skills (this is huge)
- Social skills
The more you have the better it is and the easier your work will be.
So, during the last few years the model has shifted from:
Putting crap out there –> Deliver quality work and promote it the best way possible.
That’s it. There is no really another way to make money with Kindle (or any other business for that matter).
Building a successful online publishing business is no different than building any other business in general. What differs is the technicalities really.
More on the exact steps of this procedure will be covered in my next articles.
Physical books vs eBooks
So what kind of books, can someone download from the Kindle store?
Amazon is a really HUGE marketplace. You can literally find every book you want in printed, digital or even audio format.
Since 2011, the number of digital eBooks has surpassed the one of the paperbacks and the difference is only growing since then.
But, apart from the obvious advantages of an eBook like, no weight, much lower cost, you can have thousands of them in your mobile device etc., eBooks have one more distinguished advantage as well.
They sell way more!
At the moment, eBooks is a huge market on its own, and exactly the product you will very successfully sell after following the articles on this blog.
Fiction vs Non-Fiction books
So what kinds of books are those?
Like every book out there, eBooks are separated into two major categories as well. Fiction and non-fiction books.
Fiction books are well-written stories, that didn’t necessarily happen. They are inspired by something, or simply a fiction writer used his imagination in order to come up with an appealing story. Some examples are romances, adventures, love stories, fantasy novellas, etc.
On the other hand, non-fiction books are mainly about information and facts. They don’t have to do with stories but with actual facts that are based on research. Some popular categories are cooking books, health, fitness, programming, etc.
The categories or niches are way too many to mention here, and you will only need to learn about them after you decide which road to take.
The main advantages of each category are the following:
|Can scale way more
|Faster return on investment
|Limitless options of stories
|You provide actual useful info
|Doesn’t need many reviews
|More of a passive stream
What sells on Amazon
At the end of the day, what we all care about is the sales. So the only indicator we have in order to see whether a book sells or not is the ranking number of Amazon Kindle.
Despite the fact that we cannot know how much money each book makes, we can have a good estimation based on the ranking number of this book on Amazon.
So at a glance, what sells on Amazon is:
- The cover
- The title
- The number of reviews
- The price
- The description
- Your audience
During the following weeks, I will go into more extensive details on how to create all these parts, and how you will make them all fit together in order to sell your books in a very profitable way.
*As a final note, because you often ask me what is the exact methodology I use, the authors, the designers and the exact promotion techniques I utilize in Kindle Publishing, I decided to put together a thorough program, in which I explain in every detail (videos, scripts, resources), the exact same method I use to get these results.
In case you are interested, this is the program I have put together. Thanks!