How would your life change if you built a $10,000 per month Amazon book publishing business?
I'm going to show you how you can build an Amazon business from scratch, even if you're not a writer or have never sold anything online.
With the current state of the world, more and more people have been forced to shop online. This has made Amazon the go-to place for everyone’s buying needs.
Over a 3 month period during which time large parts of the US were quarantined due to COVID-19, Amazon sold more than $50 billion in products.
There is no better time to build an Amazon book publishing business. If you want my step-by-step system for how you can create a $10,00 per month business, keep reading…
Watch the video below:
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Do you want my step-by-step system on how to make money from home publishing books on Amazon? CLICK HERE to learn more about my Mastering Book Publishing program!
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I've been selling books on Amazon for over 9 years now.
I have been able to build a 7-figure Amazon book publishing business and have gone on to help thousands of people do the same. Imagine creating a business that allows you to make money while you sleep. A business that can help you quit your 9 to 5 job and create financial the freedom that you've always desired. That's what building an Amazon book publishing business can give you.
I wrote and published a book last year called, 67 Morning Ritual Habits For Your Body, Mind, and Spirit. The Kindle eBook version sells for $2.99 and I get a 70% royalty from it. I also have a paperback version of my book that sells for $10 and an audiobook version.
Amazon allows me to publish all three versions of my book on three different platforms. In turn, I make more money from that one book. If I decided to, I could publish many different books in one niche. If each book made me $1,000 per month, I could publish ten books, which would be $10,000 per month. Make sense?
Conversely, I could build a backend. Building a backend allows you to make a lot more money and sell higher ticket products. Acquiring a customer for the first time is challenging because he/she doesn't yet know who you are or what your product is all about. However, once they've bought once from you and enjoyed what you have to offer, it will be easier for you to sell them on your next product. This is how you build long-term relationships with your customers.
Watch the video above where I walk you through a visual diagram that talks in-depth about strategies that you can adopt to create a $10,000 per month Amazon book publishing business!
I want to break this process down for you so that you understand how it works. If your goal is to make $10,000 per month, you have to know what you need to do to accomplish that. If you want to publish a book on Amazon you first need to identify what niche you want to publish your book in.
In my case, I chose a book in the self-development space that focused on morning rituals. However, I've published over 100 books in many different niches, some of which I wrote myself while others I hired writers for. I started with self-development because I had a passion for it. I've been improving my life since I was 17 years old. The first book that I ever published was a dating eBook for men.
I used to struggle a lot with social anxiety and confidence issues when it came to interacting with women. It was painful, but I did the inner work, took what I learned from my experiences, and packaged that into a book. As I was learning self-development, I soon realized that I could publish many books on many different topics, based on the research that I did on Amazon.
Let me give you an example to show you how selling a book on Amazon works.
Kindle Direct Publishing (KDP) incentivizes you to publish a Kindle book for $2.99-$9.99 and they will pay you a 70% royalty for that. If you charge outside of that range, you will only get a 35% royalty.
Let's say that you sell 100 copies of a Kindle book that is priced at $2.99, which results in $207 per month in royalties. Similarly, let's say that you sell the same book as a paperback version which you price at $12.99. You sell 100 copies, which gives you $564 in royalties per month. Finally, you sell 100 copies of an audiobook version, priced at $6.95, which gives you $208 in royalties per month.
This means that you would make a total of $1,000 per month from three different versions of one book. You have the option of rinsing and repeating the same process by publishing a second book. I'm not saying that one book will make you that much money. That may be over-ambitious for you. However, it is possible. It all depends on what you want to accomplish in your Amazon book publishing business.
The question is, “Once you publish your book on Amazon, how do you market it?”
On Amazon, you can market your book in one of two ways – via Amazon search or by using Amazon ads. This is the approach that most people take. It's a great place to start. However, you can scale your business if you go outside of Amazon. How much your book is going to make through Amazon search and ads will be based on how big the market is.
This is why you want to think about how you can get traffic from outside of Amazon.
One way of doing this is by building a blog, similar to what I did with my brand, Project Life Mastery. This is what gives you a competitive advantage. I have used my books to build my blog and visa versa. Amazon wants you to promote your book to other places on the Internet to create more exposure to your book. This is what will help them acquire more customers and sales on their platform that they wouldn't normally get had you not promoted elsewhere.
In turn, they will reward you by bringing more traffic to your book. If you're not a fan of blogging, you could start a podcast or a YouTube channel. Even better, you could go on a media tour! This is a great way of leveraging yourself to promote your book. This is one of many strategies that you can use to promote your book outside of Amazon.
However, I want to show you the easier way to make $10,000 per month and build a sustainable Amazon book publishing business. The challenge with publishing books on Amazon is that you're dependent on Amazon. If Amazon makes a change, your income could be gone. I don't want you to just make $10,000 per month for 1-3 months. Rather, I want you to make this kind of money for as long as you want. This is what a lot of people might not teach you.
Building the backend is how you scale up your business.
Once you acquire a customer, you want to build a long-term relationship with him/her. In my book, I say, “If you enjoyed this book, I would like to give you a gift. I have an additional free cheatsheet that will go more in-depth on this topic. Click this link and check it out! All you need to do is put in your name and email to receive it.”
I would then send someone to an opt-in page where they would give me their name/email. By doing this, not only am I giving more value, but I'm also acquiring a lead and building my email list. Over some time, I can build and nurture relationships with people.
Once people opt-in, I send them an email with a link to my bonus cheatsheet. Inside this email, I can also mention and link to one of my courses that can help them get to where they want to go on a deeper level. People usually don't buy right away, which is why it's important to build relationships with people through emails. You can automate this entire email process using AWeber or ClickFunnels.
When it comes to publishing books on Amazon, the first thing you need to do is set up a free KDP account with Amazon.
Like I said above, you can publish three versions of your book – as a Kindle, a paperback, and an audiobook. If you want to turn your Kindle or paperback book into an audiobook that can be published on Amazon, Audible, and iTunes, I highly recommend using ACX.com. This is a great way to get more reach with your book.
When it comes to designing your book cover, check out Fiverr.com where you will find a lot of graphic designers who can do the work for you fairly inexpensively. When it comes to writing your book, if you don't want to write it yourself you can hire a freelance writer to do it for you via Upwork.com. Lastly, when it comes to researching which niches and markets are making the most money on Amazon, I recommend getting the software, Kindle Spy. This is a great way to leverage your success as an Amazon publisher.
Are you ready to create a $10,000 per month Amazon book publishing business?
I view a successful business as one that has many different streams of income. Building this type of business is what will allow you to achieve the financial freedom that you desire. This won't happen overnight. However, if you stick with it and are committed to building something sustainable, there is no limit to how successful you can be.
Do you want my step-by-step system on how to make money from home publishing books on Amazon? CLICK HERE to learn more about my Mastering Book Publishing program!