Welcome to the first passive income stream called Kindle Publishing.
The reason I have this first is that, in my opinion, it’s the fastest and easiest way to get started making an income online.
It’s where I got started 3+ years ago and still use it to this day.
Watch the video below for full details:
What Is Kindle Publishing?
Kindle is basically where you create an eBook and sell it on Amazon’s Kindle store.
You can write them yourself or you can outsource the entire process.
At one point, I had over 50 books published on Amazon (none of which I wrote myself) bringing in $7000/month completely passive.
When I first got started, I was paying someone else to write the entire book…
Later on, I decided to write a few of my own…
One on Amazon FBA.
And another one on Cryptocurrency.
…so it’s completely up to you.
If you’re first getting started, I’d suggest outsourcing the process because you can scale your income a lot faster.
The great thing is that it only costs $80-100 to get a book done for you.
They’re shorter books (8000+ words) so you can literally go from nothing to having a book published on Amazon making sales within about 7 days.
At the peak of my publishing business, I was putting out 3-4 books per week and that’s what allowed me to scale so quickly.
How Much Does It Cost To Get Started?
The cost per book will be anywhere from 0-$100.
It all depends on whether or not you want to create the book yourself or outsource it.
The 2 things that need to be done are:
- Writing the book.
- Designing the cover.
If you can do both yourself, the initial cost will be 0.
Otherwise, you can outsource the book writing process for around $10/1000 words and the cover for only $5.
Typically, each book will be around 8000-10000 words long (yes, they’re short).
Timeframe To Start Earning
The average timeframe to start earning (if you’re brand new) would be about 30 days from now.
Once you fully understand the process, you can go from nothing to earning within a week or so…
But if you’re new, it’s gonna take a bit to learn the process.
But as an average, you can expect to start making sales within about 30 days.
Note. It takes 2 months to actually get paid by Amazon. Sales for January will be paid at the end of March.
The potential income for publishing is $100,000 per year.
It’s not going to happen overnight, but if you consistently stick with it by publishing new books, and converting your books to paperback and audiobook (which is free to do), it is possible to get there.
How To Get Started
Step #1: The first step is to go to the Amazon best sellers list and write down a big list of popular topics.
You can look through all the different categories (affiliate marketing, cookbooks, programming, etc) and see the 100 best selling books in each.
Look through and write down all the different topics people are actually buying.
This will give you a better idea of what to create your own book on.
The first 10-12 books I published were diet books (paleo diet, green smoothie cleanse, etc).
I’ve even put out romance books (which did surprisingly well).
These are just some ideas that you can go off of.
Step #2: Once you’ve found a topic to write about, write down a list of potential keywords someone might type in when looking for a book like yours.
You can look at other books on the same topic as yours and look at titles and descriptions.
You can also use a tool like this to give you good niches and keywords automatically.
For example, if you had a paleo cookbook, you could do “paleo diet for beginners” or “weight loss diet cookbook”.
Step #3: Next, you’ll want to go to a website like Upwork.com and post a job looking for an eBook writer.
Post in the job description the topic your book will be on and how long you want it.
Once people apply, look through their resume and pick the person you like.
Again, a general rate is $10/1000 words.
Step #4: You then have to get your cover designed.
I’d recommend going to Fiverr.com and outsourcing it for $5.
Look through each listing and go with someone you like.
Give them your book title (make-up something catchy), author name (can be your name or a pen name), and an example of a cover you like.
Step #5: Once you get your book and cover back (5-7 days) you’ll want to create a Kindle publishing account.
Go to KDP.Amazon.com and create your free account.
Put in your personal info and click on Publish New Book.
Put in your book details (title, description, keywords) and upload the book and cover file.
Price the book at 0.99 (recommended for the first week) or 2.99 and click publish.
Your book should now be for sale within about 12 hours.
Step #6: Start promoting your book and getting reviews.
Step #7: Start collecting $$.
What’s The Best Way To Get Started?
The first thing I always do when getting involved in a new business model is getting the right training.
I’ve tried jumping straight into something and it’s never worked…
I wasted too much time and money doing the wrong thing.
So, what I do now is go straight to someone who’s already successful and learn from them.
I just needed to spend a bit of money and I could learn step by step how to do EVERYTHING the right way from the start.
Don’t make the mistake I did.
If you want to learn more about the course I went through to learn this stuff CLICK HERE to check it out and get started!
P.S. If you decide to join through the link above I’ll include a free 1-hour coaching call to help you through the process. Just screenshot your receipt and shoot me a message here on Facebook.
It’s really that simple.
Of course, it takes time to fully understand the process, but that’s the basic fundamentals on how to get started.
You can figure it out on your own by trial and error, but I’d recommend you invest in yourself and get a step by step training program that walks you through the entire process.
That’s what I did and I’m glad I did.
It saved me a bunch of time and money by helping me avoid the mistakes I would have made doing it on my own.
Hope you enjoy, and let me know if you have any questions!
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And for more tips & tricks on how to make passive income make sure you check out the following: