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Yet Another Kindle Journey - to $100K

Discussion in 'My Journey Discussions' started by scribeforthetribe, May 2, 2013.

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  1. scribeforthetribe

    scribeforthetribe Registered Member

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    Inspired by recent threads regarding Kindle I thought I throw my hat in the ring and start my own. Granted my past is riddled with two failed journeys I think I got caught up in chasing money doing things that I wasn't particularly interested in him. My problem is unless marker then I am a creative type and since I've wanted to be an author since I was in college, I'm now 40, I'm determined to make this my complete focus for at least the next 12 months to see whether I can make a game of it.

    My goal is simple but difficult. I want to replace my corporate income with royalties from books and Kindle in the next 12 months. I currently support a family of five on a low six-figure salary living in the northeastern United States. Why don't think any quite as much money as I'm currently making the corporate world I am leaning for $100,000 in Kindle/paperback royalties over the next 12 months.

    While I think this should be much easier and faster if I outsourced the writing like gobbluth, I'm going to try to do all the writing myself for now because it's more of a case of being able to make my money being creative and doing things that I love then it is making money as a marketer for me.

    Some background, two years ago I wrote three nonfiction Kindle books in the lifestyle design space. These books have evidently reached the end of their effectiveness as I just checked and I only sold two books overall between all three titles in the month of April. My desire is to start writing fiction. My problem is that I've been writing nonfiction for so many years that I've actually never written a single short story much less a novel. I also rarely read novels in the last several years. I generally read business books are marketing books and I average reading one or two novels a year. So that changes immediately and since my wife is an avid fiction reader I'm just diving into what books we have around the house and she generally reads fantasy and science fiction.

    Some assets I have is that I own Dragon naturally speaking for help with getting first drafts done quickly and I also own the Marshall plan software for Mac that I just picked up the other day so that I can learn how to structure a novel. I'm missing the long-range vision right now. I know I need to sell a lot of books to get $100,000 a year and that means to increase my odds I need to publish a lot of books.
    I also have a huge toolbox of marketing and black Hat software though I don't really know how effective any of it will be for Kindle. It sounds like publishing in a series of multiple books per pen name is the most effective strategy right now while letting Amazons search engine market the books for me. However, I imagine I'll experiment with it a bit during this journey but my number one goal based on the successes of the other journeys is to write and publish as much as possible.
     
  2. scribeforthetribe

    scribeforthetribe Registered Member

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    ^ tl;dr, yeah I know. I also wanted to add that I will be adding non-fiction books into this as well. I think profit potential and life cycle for fiction is superior to non-fiction, however, because my experience and skills are in non-fiction, I don't want to give it up.
     
  3. Debugger

    Debugger Junior Member

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    Good Luck.I am also starting something new.This time Will not back down. :D
     
  4. nightbat

    nightbat Regular Member

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    Good luck. I'll be watching your progress :)
     
  5. Kimi

    Kimi BANNED BANNED

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    Get the money friend! Success with your journey
     
  6. danailo

    danailo Senior Member

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    All the luck mate :)

    Sent from my GT-N7000
     
  7. Chintoo

    Chintoo Jr. VIP Jr. VIP Premium Member

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  8. twram

    twram Registered Member

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    go for it! wish you all the best
     
  9. imperial444

    imperial444 Elite Member

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    Pretty ambitious goal, let's keep us updated though.
     
  10. Blinkman

    Blinkman Registered Member

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    Just make sure you have a plan with timeline for at least the first 3-4 books and that you stick to it come what may. The first few are the tough ones to get out and this often causes a 'burn out' of both energy and enthusiasm. Also don't aim for your first one to be the best - its very natural to feel this way and end up investing more time than planned.

    All the best on your journey....and let me know if I can help in anyway (review, etc). Just PM me.

    I have a few things going in the info product creation space (non IM) happening outside of Kindle and IM. If you plan to take that path any time, drop me a line.
     
    • Thanks Thanks x 1
  11. scribeforthetribe

    scribeforthetribe Registered Member

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    Been playing Mr. Mom this weekend with my wife out of town. Three year old triplets running me ragged, however I've done a few things in a positive direction. I used Dragon to narrate the first draft of an Erotica book. Draft is 5000 words with various cues interspersed to flesh out the story. I expect to do a second draft and get it closer to 10,000. I found a similar successful book that I am modeling after.

    Purchased a website that will be used as a writer's resource site and to promote my "authors" whom are all me.

    I very recently picked up UBOT and was working on a bot to help automate some mundane promotional tasks. Unfortunately, learning how to use UBOT to do what I want it to do burned up more precious free time than I would have liked.

    I assembled all of the Kindle-related training that I've accumulated over the last year and put it into one folder. Anything IM related that is NOT Kindle related has been moved to offline storage. I am setting a cap on one half hour of study per day so that I can make sure that my time is better spent creating.

    I will share a number of nuggets that I learn from applying the training including resources and helpful sites (as long as MOD's don't slap me) that should hopefully make this journal a nice resource for those who follow.

    Blinkman, you're so right about putting together a solid plan, however, I also think that I need to just Fire and go and readjust on the fly. When it comes to Fiction, there's really no end to creative potential for writing story after story. Non-fiction...well that may be different as there is a fair amount of research and saturation out there.
     
  12. erickishere

    erickishere Elite Member

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    good luck with your journey bud
     
  13. Blinkman

    Blinkman Registered Member

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    Sounds like a plan in the right direction already!

    Here's a suggestion: I know you said you plan to do all the writing yourself but may be worthwhile outsourcing one series for the non fiction genre. Take it as an experiment and start with 'how to' report (just an example). Since you will be researching the niche, you know what you need covered, which becomes the outline of your book (I use 'freemind' which is a mind-mapping software for this). Then pass it on to a writer and check the quality. If it works well, you could build it further in addition to your own body of work.

    Let me know what you think.
     
    Last edited: May 5, 2013
  14. mem1975

    mem1975 Newbie

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    What you want to do is certainly possible.

    I used to ghost write for others but since February started just writing for myself and as of April my monthly income is hitting $3000. I can only stress the hardest work is finding a niche you can scale, the rest is just procedure. If I keep going at the current rate I should add $500-$1000 to each months income, so should hit the $100,000 by the end of the year.
     
  15. innozemec

    innozemec Jr. VIP Jr. VIP

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  16. IceHD

    IceHD Jr. VIP Jr. VIP Premium Member

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    Good luck ! i started someting new aswell. Only time will will tell.
     
  17. beheard

    beheard Newbie

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    Good luck!