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Guys: Kindle is the Ticket!

Discussion in 'Making Money' started by GobBluthJD, Apr 3, 2013.

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  1. GobBluthJD

    GobBluthJD Regular Member

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    Seriously. It's the most successful way I've found to make money online. Yes, it has a lot of drawbacks (which I'll mention in a minute), but holy s*** do the rewards ever make up for them! I only seriously started attempting to make money with Kindle 2 months ago. I wrote, prepped, and released a book a week, until I figured out a better outsourcing system. I now have 20 books up and am averaging a new book every 2 to 3 days. My latest book was just released last week and, well, since then it's sold 500+ copies. I know, I still can't believe it when I look at the reports, but it's not going away. At even $2/book profit, that's not too shabby.

    Okay, this isn't to say that this is easy or there aren't cons. There are. Lots of them. Which is why, I imagine, there's not a lot of Kindle talk around this forum.

    Con #1: It's a LOT of work. Even if you're outsourcing. I started by doing it all myself: research, writing, formatting, cover design, uploading, marketing. Everything. It's a huge time investment, and I suspect this is the step that scares most people off.

    Con #2: It's NOT instantaneous. We're always looking for quick money in the IM world. Kindle is not that. It takes time and effort to build up an audience, to learn how to outsource correctly, to streamline the process for efficiency. It's worth it, but it does take a great deal of time.

    Con #3: Kindle is not PLR friendly, is not article spinning friendly, is not black hat friendly, etc, etc. This probably also scares a lot of people off. Mess with Kindle, and it will blacklist you. But even playing by the rules has gotten me much more than black hat stuff ever did.

    Okay, it's not all doom and gloom. Let's see some pros.

    Pro #1: Once you've uploaded a book, it's (nearly) set, forget, and earn. My very first book took me a long time to research, write, format, etc. It was a pain. But you know what? Since I uploaded it 2 months ago, I have done zero marketing, zero promotion, and have spent zero effort on it. Guess what: it's still averaging about 10 sales per day. That's with zero work on my part. IMO, that's well worth the initial effort. A few days pain for recurring money daily - I'll take that any day.

    Pro #2: Tied in with Pro #1 is the fact that, if you sign up for KDP Select, you hardly have to do any marketing (unless you want, of course). I have a series of books in a non-fiction, educational sort of niche. I have done zero marketing on them. No blogs, no twitter, no fb, nada. All 4 books are in the Top 10 in their Kindle category. If you create a quality book, Amazon will market it for you. It will start showing up in people's feeds, in "people who bought X, also bought Y", and all that type of stuff. It's beautiful. Set and forget.

    Pro #3: Once you get a system down, you can easily produce a book a day. Even if you only make one sale a day, that's $2. You have 10 books? That's $20 a day. You have 50 book? Hello, $100 per day. The possibilities are endless. Literally.

    Okay, okay, enough of the rant. Just wanted to share what (I think) is an under-looked market on this forum. Yes, it's not black hat. Yes, it's not quick and easy money. But it's sustainable and, if done right, really profitable.

    My tips:

    Do your research (I'll post more on this later, if wanted)
    Produce (or outsource) quality content.
    Enroll in KDP.
    Set a goal of 1 book per month, per week, or per day even (if the quality doesn't suffer).
    Use the same pen name for similar books, to build up an audience and make each book easier to find.
    Put links to your books at the end of all of your other books, to make them easier to find.
    Sit back and enjoy.

    Any questions, I'd be happy to try and answer them. I've only been doing it 2 months, but I've been doing it nearly 24/7 and have learned a lot. Been using this forum for awhile now, and finally have something to give back to the community!
     
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    Last edited: Apr 3, 2013
  2. xxf8xx

    xxf8xx Supreme Member

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    That's a great post man. How many pages are these books?
     
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  3. festeris101

    festeris101 Regular Member

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    Nice post OP. How long are these books? Because if they're like the average book, 150 to 250 pages, that might be hard to reproduce daily.
     
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  4. GobBluthJD

    GobBluthJD Regular Member

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    They range anywhere from 20 to 200 pages. Depends a great deal on what the subject is.
     
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  5. GobBluthJD

    GobBluthJD Regular Member

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    Yea, it would be hard to produce a novel per day :p

    Mine range from 20 to 200, but honestly, if you find a good team of writers, and you stagger their start times, you might be able to upload a novel every week or so (of course, that would require WAY more money upfront, but that's another discussion...)
     
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  6. pcmoseley

    pcmoseley Jr. VIP Jr. VIP Premium Member

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  7. lloughry

    lloughry Regular Member

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    I would like to learn about your research, also what does it cost to outsource that to a quality writer? 200 pages would have to be expensive.
     
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  8. GobBluthJD

    GobBluthJD Regular Member

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    Well, first I look through some of these, to get an idea of what's hot or trending on Kindle lately:

    Best Sellers in Kindle Store:
    Amazon Best Sellers: best Kindle Store

    Hot New Releases in Kindle Store:
    Amazon.com Hot New Releases: The best-selling new & future releases in Kindle Store

    Movers & Shakers in Kindle Store:
    Amazon.com Movers & Shakers: The biggest gainers in Kindle Store sales rank over the past 24 hours

    Top Rated in several categories:
    Amazon.com Top Rated: The best in Kindle Store based on Amazon customer reviews

    Each of these sections allow you to drill further down and find top rated/best seller titles on a lot of subtopics to. Now, some people quit here and just try to copy exactly the subject of these. I don't think that's necessary (or even a good idea). Those areas, though they're best-sellers, are saturated. What you want to do is find something tangentially related to those topics, but where you can see an opening.

    So, let's say I check out the Hot New Releases section. Then I drill down to Self Help, and then Inner Child. I see the #1 seller is a 36 page book about dealing with grief. It's a really cheesy book with simple drawing and not a whole lot of text. Okay, easy enough. So I think, what's related to dealing with grief? I don't know, how about...dealing with job loss? Sure, why not. I can easily write a cheesy little story (or outsource it) about a police dog who is "let go" one day, for a new younger dog, and how he finds a new job as a seeing eye dog. Stupid, but it sells. I outsource the drawings, put it together and format it, and it can be up in 48 hours or less. Now, it's probably not going to be a #1 best-seller. But I can (nearly) guarantee that, if done the right way, the half hour I spend writing it, the few bucks I spend on outsourcing, and the hour I spend refining and uploading everything will pay for itself in a week or two, and then just start earning on auto-pilot.

    That's how I research. Although, I should say, I would never choose that niche. So far, I've only published things that I am at least somewhat interested in. That makes it SO much easier to spend the necessary time editing and adding in something personal, that makes the book that much better.

    If you don't even enjoy writing it, nobody is going to enjoy reading it.
     
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  9. tohbetobi

    tohbetobi Newbie

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    Is there a price range you have to sell your book at on the kindle network? I noticed that you were talking $2 profit range. Thanks for the share.
     
  10. GobBluthJD

    GobBluthJD Regular Member

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    I think $0.99 is the lowest? And ...who knows how high is the highest. But if it's less than $2.99, you only get 30% of the profits. Which, on a $0.99 book (which the majority are, it seems) is just a TERRIBLE profit margin. My lowest books are $2.99. From that, and any price above, you get 70% profit. Not too shabby.
     
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  11. sn0rt

    sn0rt Elite Member

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    Occupation:
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    Location:
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    Hmm... i think this method just needs the right twist and it'll be gold.
     
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  12. moneysavvy

    moneysavvy Junior Member

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    When making a deal to outsource your writing, how much do you pay your writers? Do you pay per 100 words etc..
     
  13. GobBluthJD

    GobBluthJD Regular Member

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    No, I like to pay per project, as opposed to per word. I work out a flat fee with them for the project. I found out the hard way that if you pay by words, or per 100 words, writers will just write as much B.S. as they can to inflate the word count and charge you more. Lesson learned.

    Now, I'm very upfront from the beginning about my expectations, what the flat fee will be, and what that covers. Haven't had any problems since switching to that method.
     
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  14. rossegpz

    rossegpz Junior Member Premium Member

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    Thanks for sharing. I would make some research about it.
     
  15. moneysavvy

    moneysavvy Junior Member

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    Thanks for your quick reply! One more question. How much do you typically pay per project? I know this all depends on the number of pages and the topic at hand but what would you say is the average amount paid? and you do not need to reveal your writers but do you usually get them from this forum or other sources?
     
  16. GobBluthJD

    GobBluthJD Regular Member

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    Yes, prices completely depend on the length of the project, how much I already have outlined, etc. The least I've paid is $5, the most I've paid (so far) is $45. The quality definitely goes up with pricing, I've found, so the one I'm currently working on (but haven't had to make payment yet) is I hired someone for a series of 4 books, $100 total.

    I haven't hired anyone from here. I've used a couple of the big freelancing/outsourcing sights around the web. This is probably one of the most time-consuming things I've done, actually. It's really difficult to find a freelancer that (a) fits the bill, (b) is timely, and (c) will actually do the work.
     
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  17. WizGizmo

    WizGizmo Super Moderator Staff Member Premium Member

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    @GobBluthJD:

    Very informative post. I am sure that those of our members who are
    involved with, or thinking of getting involved with Kindle publishing will
    appreciate this.

    +Rep given . . . Keep up the good work! :)

    Cheers! - "Wiz"
     
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  18. Raffy

    Raffy Regular Member

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    Great info. Been meaning to look into kindle for a while now. +rep
     
  19. techfan

    techfan Junior Member

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    Why not step up in your game. start selling all your books on the following networks:

    1) Iphone/ipad.

    2) Google play store.

    3) EBay (yes people buy books from there, but they usually suck).

    Boom, I just tripled your income
     
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  20. Raffy

    Raffy Regular Member

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    Hey OP I've got a question.

    $2.99 vs higher price, which do you find is more profitable overall?
     
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