The Two Ways of Making Money Publishing Books on Amazon Kindle – The Hard Way and the Lazy Way
Kindle sales grow 120% every year, and overtook print a long time ago. If you enjoy writing (and even if you don’t), becoming a published Kindle author can allow you to boost your income with ongoing book sales
If you enjoy writing in your spare time I bet you sometimes find yourself daydreaming of becoming the next E.L. James or Nick Spalding. These two authors found their fame and fortune through self publishing on Kindle, particularly James whose Shades of Grey trilogy shifted over 70 million copies worldwide, plucking the struggling writer from near obscurity to becoming a global phenomenon.
It’s estimated that Amazon made up to $530 million from selling eBooks last year and sold another 20 million Kindles. What’s more, 15 of the top 100 best selling books were by self published authors, led by Nick Spalding in the UK, pocketing them each over $150k annual income.
It’s no wonder becoming a self published author is an attractive home based business. Your overheads are low (well, actually zero if you already have a laptop) and self publishing on Amazon is free, once you deduct their commission. All you need is a creative imagination to come up with a good story and the time, energy and skill to weave it into a literary tale people will enjoy reading.
But even if you cant string intelligible words together, it’s possible to make money publishing on Kindle without writing a single word…
The long way of becoming a self published author on Kindle
If you enjoy writing and have already had some glowing feedback on your short stories, starting a Kindle self publishing business is an obvious choice. Unlike other home based businesses, like internet marketing or drop shipping, you dont have to worry about setting up a website, SEO or need any complicated technical knowledge. All you need is your writing talent and a good story to tell.
The only problem is that there’s a lot of competition on Kindle to get your book noticed and building reviews. This means that writing the book is only half the battle. You then need to promote it on every platform and at every opportunity. Setting up a Facebook page and Twitter account to help promote your book is a good start. You should also consider starting a blog about your writing endeavors and building an email list. That way you will have a crowd of people you can immediately sell your book to when it’s ready.
Goodreads is a prime reading community to target. Create a profile and start interacting with popular reviewers with a large following. Then offer them a free copy of your book in exchange for an honest review. Just remember that popular reviewers receive daily requests from people, so it’s wise to take time to develop the relationship first rather than spamming as many people as you can. This will only harm your reputation before you’ve even got started.
Create a series so you can sell multiple books to your followers
Once you’ve built a following you’ll want to keep it happy, and generating profit for you, with more books. This is why it’s a good idea to follow the example set by Fifty Shades of Grey and The Girl with the Dragon Tattoo and to write stories spanning over multiple books. Then you can offer the first book for a low price to get readers hooked before charging a standard rate for the other two.
This applies to both fiction and non-fiction. Consider how you can divide your knowledge of a subject into multiple books, rather than hand over the whole farm in just one.
There’s certainly big profits to be made from becoming a published Kindle author. But with 1000s of people all chasing the same dream, you need to make sure you’re working on your marketing strategy from the moment you type your first word. In between bouts of writer’s block, find popular literary bloggers, reviewers and other people in social media with large followings in your book’s niche, and developing a relationship with them. That way, they’re more likely to agree to review your book and help promote you to their following.
The lazy way of self-publishing on Kindle
If you hate writing, I’ve got some good news for you. There are many people making a healthy income on Kindle without writing a word. Instead, they find people to write the books for them and then repackage them as their own. In fact, this has been heralded as the easiest way of making money online by those already doing it. All you need is to know how to find profitable niches that aren’t already swamped, how to find good authors who are also cheap and then what tactics you can use for finding people to review your book so it gets pushed to the top of Amazon’s search results.
There are many courses that train you how to do this.
The most popular one is the Kmoney Mastery course created by Stefan Pylarinos. He found a way of getting books written for a mere $22 which he could then sell on Kindle and earn an ongoing passive income. Using this method he created a catalog of over 100 books, which nets him a six-figure yearly income. His method is so simple that he even has his sister and mother using it to get their own Kindle books published and making money.
Being a helpful kind of chap, Pylarinos created the Kmoney Mastery course to explain exactly how he does it so that more people can start home based Kindle publishing businesses.
- 26 step-by-step tutorial videos
- How to find profitable Kindle book niches
- How to create a professional looking cover for mere dollars
- How to get positive reviews
- How to scale your business
You also get temples for explaining to your authors what to write, summaries of each training video and exercises that help drive you through the whole process. So you literally have everything you need to guide you through the entire process of getting your Kindle book’s written and earning profit quickly.
If becoming a self-published author on Kindle sounds like a simple way of making money online, why not check out the Kmoney Mastery course.
Disclaimer – the links to the Kmoney Mastery course are affiliate links, which means I earn commission if you decide to buy the course. As always, I only promote the best courses which can save you a lot of time and fast track your home based business’ success. What’s more, the Kmoney Mastery course is sold with a 60 day money back guarantee. So if you aren’t making money in the first two months you can ask for your money back and try a different Kindle publishing course at no risk.