In this method you will learn how you can make over $1000 a month from home, publishing simple eBooks that will mainly sell on amazon’s kindle platform.
The cool thing about using amazon for self publishing kindle eBooks, they also offer a print on demand publishing option which will allow your eBook to be printed into a physical book and sent to the customer when bought. So you don’t need to pay for the printing and storage of hundreds of books beforehand.
If you prefer, you can watch the step-by-step video here:
Create your book (niche,title,cover)
The first step to create your book is to pick a niche or topic you want to write about.
For this method we will be sticking to the non-fiction category such as informational and self help books.
To get some ideas on niches you can come over here to amazon and check out the kindle non-fiction book section.
The best evergreen niches are:
- Self help
- Health and weight loss
- Business / Personal finance
Some of the ways to find good topics to right on include checking out the:
- Best selling section
- Rabbit hole method (which involves you going through recommended books and you Keep clicking on the books which takes you down a rabbit hole of ideas)
What you want to do is check out the different categories within the non-fiction section and make a list of topics and keywords that stand out and resonate with you.You can also check the number of daily books that are sold using this tool.
So using the rank number you can get a general idea of how well the book is doing.
So this book is selling around 1394 books a day at a price of $3.75.
For eBooks, amazon takes 70% which leaves you with $3,659.25 after fees.
And that is only for the eBook. For paperback books the margins are even higher and also not to mention the audio book sales.
So this publisher is making 3k a day after fees in profit from this one eBook. But the cool thing is if we check out the sellers page we see that they have a number of other books all selling and generating a passive income online.
Your book should have the following layout as an example:
- 8-10 main chapters
- Resources page
You can try and download some eBooks from the kindle store to get an idea of how most other books are set out and just try and use it as a template.
Once you have found a topic to write on, then you can find another similar book on amazon and see what customers thought of the book and pay attention to any recommendations and improvements that could be made.
So now it’s time to write your book. Before we start we need to think of a title.
This needs to sell your book as well as be optimized for amazon’s search engine.
Make sure it describes what the book is about but at the same time add some ambiguity to make potential readers curious.
You can either choose to write it yourself or outsource it to a writer.
Writing it yourself would save you money and outsourcing will save you time.
So it all depends which of the two you have a surplus of.
To outsource you could use websites such as fiverr, upwork or iwriters.
If you go over to fiverr and type in kindle book writer or ghostwriter you will find quite a few writers who could do the job.
Fiverr is probably the cheapest place to find writers, but you just want to do your research so you get a quality product.
Look for sellers with a good amount of reviews and also with the pro badge.
A decent book should be between 10-30k words and would cost between $150-$400.
Now after the book has been written, you need to have a cover designed for your front cover of the eBook, paperback and audiobook.
Paperback: (spine,front and back) you will need to know that exact page count for the spine.
After the book is all done, now you need to craft your book description.
For this you can look at the description of some of the top selling books and see how they clearly lay out their description. You want to advertise the benefits of your book as well as adding in important keywords.
Publish on amazon
Next it’s time to publish your book to amazon’s kindle marketplace. After creating an account with Amazon dpd you will then be able to submit your book and set your price.
You can experiment with the price to see what works best with your niche and audience but as a rough guide the following works well:
To boost your books chances of success and to diversify your income, it’s a really good idea to have your book narrated and turned into an audiobook to be sold on audible.com which is also owned by amazon.
Audiobooks are very popular at the moment and it is still not as competitive as print and eBook publishing.
The best place to have your book turned into audiobook is acx.com, they have over 20000 voice actors to choose from, of varying experience and price.
They also have different payment plans including an option to have your audiobook made for free upfront but then you will share royalties with the narrator.
I would avoid this if you can but if you have no money to start then this can be a viable option.
So when paying the narrator, you should pay them PER FINISHED HOUR.
For example, if the audiobook turns out to be 4hrs long then you agree on an hourly rate such as $50.
$50 x 4hrs = $200
The difference between amazon and audible is that audible sets the price of the audiobook depending on how long it is.
- Under 1 hour: under $7
- 1 – 3 hours: $7 – $10
- 3 – 5 hours: $10 – $20
- 5 – 10 hours: $15 – $25
- 10 – 20 hours: $20 – $30
- Over 20 hours: $25 – 35
So when writing your book it’s a good idea to be mindful that the longer the book could equate to making more money.
Market your book
So in terms of marketing, Search engine optimization (SEO) should be your biggest focus as this will generally bring in the most traffic and it’s free. So it’s important that you spend a good amount of time writing your title, description and meta data in the back office.
Also generating, genuine reviews from customers is very important. This will boost your listing and your book will be favored by the algorithm.
In terms of paid advertisement, amazon does have a pay per click (PPC) ad system which you can use to get more eyes on your book. In regards to audible, I don’t believe they offer that service.
Rinse and repeat
With this business model there is a lot of front ended work to be done but when you have finished publishing your book and audiobook and set up your marketing systems then you can turn it into a real passive stream of income.
When you start to add more books to your account and start to test multiple niches and book lengths, you will end up with assets that are working for you night and day generating you income while you sleep.
There is nothing stopping you from publishing 100 books on amazon and audible with each title bringing you an extra stream of income for years to come.
I hope you found it useful?
Please let me know in the comments section below and also if you have any questions.