Passive Income Stream #2: Kindle Publishing

Welcome to the second passive income stream called Kindle Publishing.

The reason I have this second is that, in my opinion, it’s the second 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.

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…

…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 $50-100 to get a book done for you.

They’re shorter books (5000-10000 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:

  1. Writing the book.
  2. 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 5000-10000 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.

Potential Income

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 It Actually Works

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 (business, 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.

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.

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 $$.

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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.

If you want to know the course I went through and recommend you can click here and check it out.

Hope you enjoy, and let me know if you have any questions!

Talk soon,

~ Jon

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Recommended Tools

Self Publishing Revolution

This is the top Kindle Publishing course out there for publishing non-fiction books on Amazon. This is the first way I started making money online and I learned a lot from this course. Definitely, recommend if you’re interested in Kindle.

Click here to check out the course.

KDROI

KDROI is a software tool that I use to help me with my publishing business. I use it for niche research, website submission tool for submitting e-books to websites to promote them. This tool has saved me countless hours and a lot of money since I’ve been doing Kindle publishing. I don’t have to spend money on a VA to do all this. It’s all done with a click of the mouse.

Click here to get KDROI for a discounted price.

KDSPY

Kindle Spy has made my life 100 times easier when searching for a new niche as it breaks down the keyword and shows you if it is profitable or not. You can do this by yourself at first but down the road, it will definitely save you a lot of time.

K Book Promotions

This is an awesome tool that I use to submit my book to promotion websites with a few clicks, find reviewers for my books, and finding good book ideas. Highly recommended.

KDP Rocket

KDP Rocket is an awesome tool that I use to find profitable book ideas and also the most profitable keywords. You can use it to see what people are searching for, how much certain books are making, and also keyword competition.