“What do you do for a living?” She asked.
“I am publishing books on Amazon,” I replied, waiting for her reaction.
“Oh really? How weird. Is it any profitable? Do you see any future in it?” She continued.
“Yes, and yes,” I said smiling…
This is a pretty common question we all get very often. Where I come from, most people are not that knowledgeable about Internet marketing and online business models.
So it comes as a surprise every time I answer in that way. Most of them expect me to say something like I work as a waiter, an accountant, or even a pool boy.
But when I say that I publish books and in fact online, they get a bit surprised.
Most importantly, they can’t understand/believe how someone can make real money from that.
Unfortunately, people prefer more *normal* professions like the ones I’ve mentioned before. But the truth is that during 2016 we can’t really afford not to have an online business.
Things become even weirder when they ask me whether this business is profitable or not. Wages in my country are on average very low, and each time I mention I make more than $3.000 from the comfort of my home, people look at me as if I’m an alien.
What surprises me though the most, is that none of them even asks me how the hell I do it. What’s the way I it use in order to make that money?
Despite the fact that they work like slaves (the lucky ones), for about $600 to $800 a month, they don’t even think about doing something else. Hell, they are not even asking out of curiosity.
I mean, If I met a rich guy and he said to me, “I have a business that makes penguin condoms and I make 6 figures per month,” I would try to learn how he does it. I might even pay him to teach me so.
Social conditioning is a bitch and I don’t see that trend changing anytime soon.
So, is Kindle Publishing profitable?
But enough with people who aren’t interested in escaping mediocrity. Let’s focus on the 10% that want to make a change in their life.
Amazon Kindle Publishing is a powerful trend, that grows bigger and bigger each day.
According to authorearnings.com, the market share of Indie Published authors — these are authors/publishers like me (and hopefully you) — have a market share of almost 50%.
Compare that to only about 30% on February of 2014. Now, this coin has for sure two sides. Competition is for sure more fierce than back then, but also the marketplace (market pie) is a lot bigger.
The low-income bracket
Like I said, here in my country, an average wage per month would be around $800 per month. That equals to about $9.600 per year. Have in mind that in order for someone to earn that kind of money, he/she will have to work for more than 40 hours per week if he/she is lucky.
Now let’s see how many of these guys there are in the world inside Amazon’s ecosystem.
According again to authrearnings, if we count all of the indie authors no matter when they started publishing, we see that there are more than 10.000 of them who earn more than $10.000 per year.
But even if we entirely dismiss the “old caravans” of Indie publishing, we can still see, that there are about 1750 rookies (debuted in the past three years) that make that kind of money as well.
As long as the potential of this business is concerned, by the end of this post, I’ll have you convinced that it’s pretty big.
Moving up the income bracket to $25.000 per year, we see, that still there’s a healthy number of self-published authors/publishers here as well.
Including myself, as of the 5th of May, 2016, there are more than 4.600 authors/publisher who make more than $25.000 per year.
Depending on the country you live in, this amount can be considered from anything to low, to moderate, or even high. To be honest, I don’t know many people here in Greece that make that kind of money.
Apart from the actual amount of money, we shouldn’t also forget that this is an online business, which you can create and manage entirely from your home, using only your laptop.
The medium income bracket
This is where things start to become really sweet! In this annual income bracket, we found authors who make more than $50.000 per year. Again the higher the income, the lower the number of people making it. But this shouldn’t discourage us.
There’s no reason to think that you cannot make it there. Instead, focus on your business, learn all the ins and outs and kick competition’s ass in order to make it big time.
At the end of the day, more than 2.500 authors/publisher, make more than $50.000 per year on amazon.com alone.
Six-figure bracket and above
For sure these guys aren’t many, but they sure do exist. At the moment there are almost 300 people earning more than $100.000 dollars per year on Amazon.
My goal for 2017 will be to become one of them. I think it’ll be possible if my projections come out right.
My current plan is to reinvest back in my Kindle business more than 80% of my current monthly income. I strongly believe that by the end of 2016 my monthly income will be more than $8.000 per month.
Starting the next month, I’ll also implement a new section on my website, stating my monthly income reports.
I plan to do this for two major reasons:
- First of all, to inspire more people and make them believe that earning such amounts of money is totally feasible.
- Secondly, I always enjoy being accountable to other valuable people whenever I can. This will give me an extra leverage to push through and earn more.
Earning more than $10.000 with Kindle is very easy. I can assure you, that you can achieve such results within a few months if you implement my methods found here.
I proved to you with solid numbers, that there’s a large number of people who earn huge amounts of money with Kindle each year. Why not be one of them?
What I would suggest to you, is instead of being passive and pessimistic, you should become more aggressive, take responsibility, take massive action and make things happen.
You can earn money everywhere at these times, and it’s a shame to remain in mediocrity (after reading all these posts).
Step up and ignite yourselves. Please!
*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!