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Kindle JV: I Write, You Publish & We Split the Royalties

Discussion in 'Joint Ventures' started by GringoMonkey, Jul 10, 2014.

  1. GringoMonkey

    GringoMonkey Regular Member

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    Occupation:
    Making and Spending Money Online
    I have been quite successful in making a living from Kindle, publishing on the KDP network and am looking to expand what I do by working on a JV basis.

    The system I use is basically a variation of the James Patterson model (he is the bestselling author in the world), where I research and outline a plot for a fiction short story and then outsource the core writing. It then comes back to me for editing and publishing. This enables me to publish a lot of books, rather than toiling away writing just one.

    WHAT I BRING TO THE JV
    I will provide you with fully researched books, a cover and all the information you need to upload the book to Amazon KDP in step by step instructions.
    In return I want 70% of the royalties on a book sale.

    WHAT YOU NEED TO BRING TO THE JV
    You need to have an EIN or receive 100% revenue of your Kindle sales from Amazon.
    You get 30% of the royalties.
    Your own KDP account to publish the books in.
    A Paypal account.
    An Amazon affiliate account

    ADVANTAGE FOR YOU
    You get high quality books for your KDP account.
    0 upfront cost or risk to you in return for 30% of the royalties.

    ADVANTAGE FOR ME
    I cannot get an EIN so Amazon withholds 30% of my income.
    You help me doing some grunt work.
    I get paid the same amount as I do now, 70% of the royalties.
     
  2. hateandbreak

    hateandbreak Supreme Member

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    Interested. I can also Market via FB Ads to increase profits/reviews etc. PM you for more info
     
  3. extreme90

    extreme90 Jr. VIP Jr. VIP

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    Interested. PM me
     
  4. Xexist

    Xexist Junior Member

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    I PM'd you. I think we could work well together.
     
  5. pirx2030

    pirx2030 Junior Member

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    Hello, I'm very serious about this business, I have a set budget aside, and I only publish quality stuff. I'd be happy to publish your eBooks if the quality is good and you sell your books for at least 2.99 USD or more. Please let me know if you're interested. Thanks!
     
  6. GringoMonkey

    GringoMonkey Regular Member

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    Thanks for all the pm's / replies.

    I am sending everyone a PM as fast as possible.

    Please note: I cannot talk on Skype, just by PM and if we move forward email, as I would be spending my whole day on Skype due to the volume of replies, rather than spending it producing books!
     
  7. Alpha.

    Alpha. Power Member

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    You realize that there is a way around that? Depending on which country you're in all you need to do is submit certain forms to amazon and you'll have your countries taxation...
     
  8. GringoMonkey

    GringoMonkey Regular Member

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    My personal circumstances mean I cannot get an EIN, hence the need for anyone I JV with to have one or get 100% of their royalties without tax withholding.

    To answer a question a number of people have asked:

    An EIN is a US tax code that says you are not a US citizen and so should be paid by Amazon gross.

    If you are not a US citizen and do not have an EIN you will not get all your KDP royalties.

    Lets say your royalties total $1000 per month after Amazon takes their 30% royalty share, when it comes to paying you Amazon will deduct another 30% ($300) as US Tax withholding, meaning you will only get $700.

    You will only be able to do this JV if you already have an EIN or are a US citizen paid 100% of your royalties.
     
    Last edited: Jul 14, 2014
  9. Untouchable

    Untouchable Supreme Member

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    Im from Canada and we have a tax treaty with the US so there should be no problem.
    Let me know if you are interested and how many books your are able to publish per day/week.
     
  10. GringoMonkey

    GringoMonkey Regular Member

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    Hi everyone,

    I have been inundated with replies for this.

    So far I am working with a number of Blackhatters and will only be able to do so with 1 more.
     
  11. GringoMonkey

    GringoMonkey Regular Member

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    Hi everyone,

    Thanks for your interest in this thread. I have now filled all JV spots.

    However, in the future I am sure more will become available, so feel free to PM me if you would be interested in working together in the future.

    Regards

    GM
     
    Last edited: Jul 19, 2014