Because that means you have a desire to create passive income and that’s a good thing!
These days it’s risky to rely on one source of income (especially income that depends on you showing up) because no one has job security and if you lose your job you could potentially lose everything. So it’s smart to start thinking about ways you can create passive income for yourself.
I always tell my students there are 100,000 ways to make $100,000 dollars and you need to find the way that works best for you.
I believe that everyone (including you) is an expert at something and everyone has a book inside of them. Even if you don’t like writing you can easily hire a freelance writer on a site like elance.com to write the book for you — so don’t let that stop you.
Making money on Kindle is a low-risk, low-cost, and low-barrier to entry way to start creating some passive income for yourself and it’s my #1 choice for people just getting started.
There are 3 parts to the business side of being an author:
All 3 parts must be working together in har-money to create success and sales. For example, if you have a great book with no marketing, your chances of becoming a bestselling author or earning a full-time income from your writing is very low.
So being a great writer is not enough to make money on Kindle. You need to be good at all 3 parts of the business of writing.
Your Success on Kindle Depends on Several Key Factors:
- You must have well written book (professionally edited) that solves a problem for people;
- You must select a good niche’ that you can actually make money in;
- You need to invest in professional cover for your book that gets attention;
- It helps to have an email list to market your book to (although not mandatory to make money on Kindle);
- Selecting the right categories and keywords for your book is critical;
- Having a great book description that uses keywords people are looking for is important;
- Get at least 5 positive reviews;
- Having a Social Media following can help when marketing your book (although not mandatory to make money on Kindle);
- You must get Amazon to start marketing your book for you (the only way to do this is to get your book on the Amazon Best Seller’s list);
I don’t have a crystal ball so I can’t tell you 100% that you will make money on Kindle with your book because there are so many variables involved. What I can tell you, however, is that you can stack the cards in your favor to make money on Kindle by doing very specific things (like meeting all the key factors above).
In addition to the key factors I listed, the #1 way to start making money on Kindle is get Amazon to start promoting your book.
How do you do that?
I want you to think of Amazon like a search engine…just like Google is a search engine. The big difference, however, is that Amazon has “buyers” searching for products (books) to spend money on and Google typically has researchers often looking for FREE information.
So whether or not you have a website, an email list, products and services to sell…you can make money on Kindle with your book simply by meeting all of the key factors above and getting your book to the Amazon Best Seller’s list.
Once you get your book to the Amazon Best Seller’s list, then Amazon’s algorithm’s start working in your favor. You see, the way that Amazon’s algorithm works is that it increases the exposure on a book if it sees there is a high volume of sales in a short amount of time.
That’s the key!
By getting to the best seller’s list (which means you had a high volume of sales in a short amount of time), then Amazon starts promoting your book in several different ways by putting you on these lists:
- Best Sellers lists (you can be on several of these at one time);
- “New for You” list;
- “Recommendations” list;
- “Based on your Browsing History” list;
- “Frequently Bought Together” list;
- “Hot New Releases” list;
- “Customers who bought this item also bought…” list;
- “Movers and Shakers” list;
- “Top Rated” list;
- “What Other Items Do Customers Buy After Viewing this Item?” list;
- AND MORE!
Take a look at these 6 case studies of students in my Amazon Best Seller’s program and how they got their book to the Amazon Best Seller’s list and how one author is making $2300 per month from her book!