Guys: Kindle is the Ticket!

Pinger,

If you don't mind...how many books do you have out? Fiction/Non-Fiction.

How much are you making per month now?

I have 4 books out....3NF, 1F.

I make $150/month passive for over a year so far.

Only 2NF actually makes most of the money, the other 2 books I haven't promoted or marketing properly.

Plan is to just keep cranking out these NF books to make enough to be financially free :)
 
I think it doesn't matter how many books I have and how much money I make right now. It will not help you. But I can tell you that I'm able to publish about 10-15 fiction books per month with my current system. I pay $100 for a book with 10k words and my personal experience is that one book makes $100/month on average. So I'm able to increase my income by 1,5k per month (sometimes more because some books making up to $600 but I like to calculate with the minimum).

I can easily scale it up if I would hire more writers, more cover designers etc. to be able to publish 20, 25, 30 books per month but it's time to say "No" because my system is running good, I'm happy with $1,5k more every month (I started from nothing just 10 months ago) and I have to focus on non fiction to secure my financial freedom. And with non fiction I don't mean thousands of shitty cookbooks but a few books with outstanding quality that no competitor can outrank so fast. I'll definitely lose money because a) I'm not able to increase my output rate/my monthly income with fiction books b) Not every non fiction book will have success ...but for long term it pays off. If you publish a non fiction book with an outstandig quality that people like to buy you'll make much much more and your income is secure in the future.

I've started with non fiction books and I had great success with my first books ($1k+ in my second moth) but there is a reason why I switched to fiction books. It's cheap to build up a business (by outsourcing) that increases my income month by month automatically. Now I have a big income that grows by alone, I have the money to invest in bigger things etc. (eg. for two great photographers for my next non fiction books). Without my automated "fiction business" I did not have this freedom to increase my income stable and focus on other things at the same time (like websites, mobile apps, audiobooks etc. or even take a break for some weeks and travelling).

It's hard to describe but I'm absolutely convinced of my strategy. No question, a passive income is nice but an automatically growing passive income will change your life dramatically!


$150/month with your first four books is not bad (even if just two of them have success). Focus on the niche where you have the most success and publish a book with a better quality. Think about paperbacks and try fiction books. Wish you everything best!
 
I think it doesn't matter how many books I have and how much money I make right now. It will not help you. But I can tell you that I'm able to publish about 10-15 fiction books per month with my current system. I pay $100 for a book with 10k words and my personal experience is that one book makes $100/month on average. So I'm able to increase my income by 1,5k per month (sometimes more because some books making up to $600 but I like to calculate with the minimum).

I can easily scale it up if I would hire more writers, more cover designers etc. to be able to publish 20, 25, 30 books per month but it's time to say "No" because my system is running good, I'm happy with $1,5k more every month (I started from nothing just 10 months ago) and I have to focus on non fiction to secure my financial freedom. And with non fiction I don't mean thousands of shitty cookbooks but a few books with outstanding quality that no competitor can outrank so fast. I'll definitely lose money because a) I'm not able to increase my output rate/my monthly income with fiction books b) Not every non fiction book will have success ...but for long term it pays off. If you publish a non fiction book with an outstandig quality that people like to buy you'll make much much more and your income is secure in the future.

I've started with non fiction books and I had great success with my first books ($1k+ in my second moth) but there is a reason why I switched to fiction books. It's cheap to build up a business (by outsourcing) that increases my income month by month automatically. Now I have a big income that grows by alone, I have the money to invest in bigger things etc. (eg. for two great photographers for my next non fiction books). Without my automated "fiction business" I did not have this freedom to increase my income stable and focus on other things at the same time (like websites, mobile apps, audiobooks etc. or even take a break for some weeks and travelling).

It's hard to describe but I'm absolutely convinced of my strategy. No question, a passive income is nice but an automatically growing passive income will change your life dramatically!


$150/month with your first four books is not bad (even if just two of them have success). Focus on the niche where you have the most success and publish a book with a better quality. Think about paperbacks and try fiction books. Wish you everything best!


Thanks Pinger!

I wasn't asking "how much you make" or "how many books you created" to gauge my path to success but more for motivation purposes.

It's crazy that in only 10 months you was able to make it to the level you're at right now. That's what I look forward too if I put in the same amount of work as you did.

What made me focus mainly on KIndle books now was that I kept getting paid every month from these book I publish a year ago...I haven't promoted them in over a year and I still made money!

That's when I knew I need to make more books now and start building up this passive income stream!

Anyways I just got back my 4th NF book which I outsourced & published on Kindle, its based off the profitable NF book I first started so hopefully it does well too!

What really interest me is your "strategy" for producing Fiction books...my only Fiction book is a Illustrated Children's book, paid $150 for just a 12 page rhyming book which flop due to my knowledge of how to market a Fiction book.

I want to ask you, could you share a brief idea how you go about deciding what sort of Fiction book to get outsource.

Do you do keyword research? Does it even come into play with Fiction books?

How do you determine what's a easy/uncompetitive Fiction niche to tackle?

With NF I have general idea of things I look out for that will give me a green light to outsource a book on that topic.

Fiction on the other hand...I'm clueless. Any advice is greatly appreciated!

BTW I'm starting a Review Exchange Skype group...hit me up on Skype if you want in.
 
just a question, when you outsource your content, how do you check if they are not copied from other books/site?
 
I make contracts with my writers for every work (where they confirm that they are the copywrite owners; that they give me the exclusive rights etc.) In combination with the bills they can not afford to sell stolen stuff.

Contracts are very important because even if someone writes unique texts for you ...he can sell it to other people or self publish it. He can say that you have stolen his work ...and you have no proof. Oo There are many idiots out there.
 
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I make contracts with my writers for every work (where they confirm that they are the copywrite owners; that they give me the exclusive rights etc.) In combination with the bills they can not afford to sell stolen stuff.

Contracts are very important because even if someone writes unique texts for you ...he can sell it to other people or self publish it. He can say that you have stolen his work ...and you have no proof. Oo There are many idiots out there.

Is this contract something they actually "sign" before writing your book?

Also coudl you provide tips on how to choose fiction topics to get into...how do you do your research for tackling a Fiction book?
 
@Pinger030 and @GringoMonkey: When you make a CreateSpace book, do you also let Amazon import the file so that it creates an Amazon eBook version of the printed book? Or do you upload the eBook version directly Amazon? Or do you do both (so that there are two "editions" of the eBook)?
 
@punkcash
I get the contract back when the work is fineshed. Browse through the categories, look at the best selling books of the categories, find similarities in the topics (eg. you see that there are 10 books of vampires in romamce top 100) but also compare prices, cover layouts, books descriptions, popularity of the authors, formttings etc. - do what the best are doing.

@dayspring
If you publish a cs version first and let Amazon convert it to an ebook out of cs your ebook will have a fixed layout, no clickable toc/links etc. I never tried it but that's the information that I have.

For fiction:
- I publish ebooks with 10k-15k. That's not enough for a paperback (too thin) so I don't publish a cs version of every book. I make no money with fiction paperbacks. It's just a nice marketing strategie to look more professional with the pen name (and sell more ebooks). Sure you CAN publish a paperback of your 10k words books just for the marketing-effect BUT if a customer buys such a thin book he would be very disappointed. And that's totally against (my personal) business mindset. I publish my ebooks, collect them until I have enough and format + publish all in one day. Cs formatting is really easy for fiction books.

Non fiction books:
Same workflow like fiction books. People buying non fiction paperbacks but a book with less than 100 pages is a shame because it doesn't feel like a book (too thin). The big difference is: The formatting of a non fiction paperback takes much more effort because you should create a professional layout (eg. backgrounds etc.). Look at similar non fiction books in your bookshelf - it's never just a floating text. So you can create an outstanding non fiction paperback with your layout. But it's a very creative process so it's not cheap if you want to outsource it. BUT: The strategy is to publish less non fiction books with an outstanding quality. So it's no regular investment.

Own experience/stats:
I have some really successful fiction ebooks. Some of them making up to $600/month. But I don't sell any fiction paperbacks even if I try to sell them for $4,99. It's just for the marketing. On the other hand: I have successful non fiction ebooks too but the paperbacks making more money than the ebooks! Not only because people like non fiction paperbacks more ...you can sell it for a much higher price up to $20, $20 if you deliver the quality. And quality doesn't mean only good content. A professional layout is necessary too.

Concrete example:
I have a non fiction book for $6,99 and make about $1000/month with this ebook. I can't raise the price in my niche. I sell the paperback of this book for $12,99 and make about $2500 with this paperback. I plan to publish one book more in my niche. I'll do everything(!) to make this book perfect. More content, more profession layout, I payed two photographers and so on. My goal is to publish a more professional than the big publishing houses in my niche because I want to sell this book for $19,99 or more.

And NOW I'll explain to you what's the difference between me an other unsuccessful publishers:
Most of the people just follow a step by step guide (that every housewive is following) and they wonder why they have no success. But if you do what everyone is doing you'll just get what everyone is getting = guaranteed NO success. It's NOT working hard and publish tons shitty books. You have to learn, you have to think, you have to be creative, you have to connect/talk with others, you have to try, you have to fail etc.
- I hired two well known photographers in my business
- I insert eg. exercises or checklists in my non fiction books to give my customers a reason to buy my paperbacks
- I connect to the multi million dollar companies in my business and sell them advertising space inside of my books
- I rent my business structure to some friends of me
- etc.

These were just a few examples. You'll never find such ideas in tutorials. But it doesn't mean that my ideas are working for everyone. These are just possibilities and maybe someone else has better ideas. People who asking stuff like "what's the best price", "how to analyse a niche" and so on (= who are not able to read a thread or follow a simple tutorial) will fail ...with every business! You have to be smart to get rich. Everyone has the same basic tutorials/information. The only variable is our mindset and this is something you can learn/train. That's why some people become millionaires (and it's definitely possible with books within a short time; I give it 2 or 3 years but I also know people who started with me last year and have way more success than me) and other people who fail their whole life. Success is just a decision based on your mindset.


Okay last part was not against specific persons. Just for motivation and inspiration. Hope I could help someone. :) PS: And I bet now there are "experts" xd who will copying my ideas and tell me one month later that it doesn't work. ...and even if I've written this now... they will come. :D And even if I've written this now that I know that they'll come ...they'll still come. :D Ok, bye
 
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I'm thinking of getting in to the kindle biz. I have a few questions.

How do you outsource fiction? Do you make up a rough story and write some words about it in a notepad document and send to a writer and expect them to have the fantasy and skill to make something good out of it or how does it work?

Does childrens books sell well? Thats the only kind of book a beginner like me probably would be able to do on my own still with some good quallity.

I really do appreciate answears, I've read some good stuff here above and I will read more tomorrow, really interesting and inspiring!
 
Can you please help me with these questions:

1) What do you pay on average for 1000 words? (non-fiction, English language)
2) Do you prepare the info for the writer (topics and articles) or do you let them do the research themselves?
3) Where do you hire the writers? (TextBroker or oDesk/Elance type of sites)

I already have two eBooks published and while I did have some success, I decided to focus on another business, which did not go as expected, so I'm getting back to eBooks. :)

I was paying 25 USD per 1000 words for a 4 star quality eBook (I provided the articles and the structure). I'm not sure if I just need to find a better writer for the same price (or even get a better writer for lower price!) or I need to check the $30 USD/1000 words writers.


I'd appreciate your help. Thanks!
 
OK cut to the chase
Tell us where the good Ghostwriters are?

ALso setting up on CS is very complicated if you are not in USA

You need tax info exempt and allsorts so very long process

And on top of that there is a notorious setting up of the 6x9 size for PDF as I had people do it for me and STILL it said the images were outside the borders
 
Very complicated? To fill in your tax information? Complicated to format a cover in 6x9? Serious? You really want to hire other people and give them instructions if you are not able to google or search on youtube for such baby stuff? It's no magic and we all have done this. But you can't? Money will come...
 
Must say that the info in this thread is a treasure. Haven't read the entire thread but I definitely see some serious opportunities here.
 
So what software do you use Pinger to size 6x9 PDF ?

How about giving us instructions here?
 
Do you mean 6x9 for the cover or for the book itself?

Cover: I don't work with pdf files. I have photoshop files. I create a new document in ps with the format I need and copy & paste all elements. Then I arrange everything. It's normal that you have to "redesign" the cover if you need a new format and don't want to stretch the images. Sure it takes time (30min-1h if you have experience) but you won't create a cs book out of every ebook. Just of the largest (about 80 pages+) And yes, psd-files are more expensive but max. $5. Pay it and you are save for the future because if you want to upload your books to Apple, Google etc. perhaps you need a different format. Even if you want to create advertising-banners for your other books, facebook etc. you need the native psd-files if you want that everything looks high quality/professional.

Book: Watch a tutorial on YouTube about how to format it. If you've done it you have a template where (word-file) you can copy and paste your content in the future. I recommend not to use a template from the Internet but format everything manually the first time because it's important to know/understand what's necassary/possible with the formatting. You'll get ideas during the process if you know of the possibilities to format your book better than the basic templates from the Internet wich everyone is using. That's just my personal opinion and if someone is thinking he don't need to to this ...it's okay but I want to be the best, I want to make the cash and that's the reason why I want/have to know every possibilities of my business.

Everyone has the same problems and the same questions like you when he starts something new (eg. createspace). You just have to google and you'll find tons of answers (especially for such basics). We were not born with the knowledge "how to be successful with kindle" and we all had to learn this stuff by reading tutorials, watching videos, doing courses etc. Can't understand why you should be the one who's not able to do this!? What happens when it comes to the questions/problems where no one can give you exactly solutions... like "what's the best price?" How do you want to solve such problems if you are not even able to solve the basic problems.

You really have to change your mindset ....away from a worker (who's just able to work with exactly instructions) to a business man. How do you want to delegate other people if you need the delegation?
 
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