More and more people are getting involved in the wonderful world of Amazon Kindle Direct Publishing or Amazon KDP as it’s also known. Of course, as some of these people are making good money, more people are seeing the light about Kindle Publishing and how it can be a nice little earner. Because of that, one of the questions I get asked a lot of forums such as Quora is, “How Can I Make Lots of Money Selling eBooks Using Amazon KDP?” Well, let me see if I can answer this for you.
How Can I Make Lots of Money Using Amazon KDP?
So, let’s start by answering this question. Yes, you can. In fact, you can make crazy money. I know of one author, Stefan Pylarinos, who has become a millionaire through Amazon Direct Publishing. And I read in an article on Medium a few days ago that another author called Steve Scott is making $40,000 a month with Kindle Direct Publishing.
Now, before you get too excited, please note that those are both extreme examples. However, these two examples do show that making a lot of money with Kindle Publishing is very possible. Of course, there are many more people earning a nice monthly income of around $2,000 – $3,000 a month. To be honest, this is the type of realistic target most people should aim for when thinking about Kindle Publishing.
Can I Make a Stable Income with Amazon Kindle Direct Publishing?
I think the next big follow-up question I get is, “Can I Make a Stable Income with Amazon Kindle Direct Publishing?” and the answer is a resounding, “Yes” again. However, that is not going to happen overnight. In fact, it’s not going to happen in weeks or maybe even months. A stable income relies on two factors:
1. How popular your Kindle eBook is.
2. How many Kindle eBooks you have published.
Let’s start with the fist one.
How Popular Your Kindle eBook Is
How popular your Kindle eBook is depends on how you do your research. There are many ways you can do proper research. You can either learn how to do it by reading as much as you can for as long as you need. Or you can buy a course learning how to do it in probably a 10th of the time. But whichever way you choose, as long as you put in the work, you’ll likely succeed.
How Many Kindle eBooks You Have Published
This one will take you some time. The trick here is to make sure your first eBook is as good as it can possibly be. There is no point bashing out half-a-dozen eBooks if you haven’t done the research and are not sure how to market your book. In other words, don’t rush into writing and publishing lots of eBooks through Kindle Direct Publishing just to see them all fail miserably.
How Do I Find Out Good Kindle Direct Publishing Niches?
This is another common question, and although it’s not difficult, it’s not exactly easy. The important thing to concentrate on is not a big niche like ‘Self Help’ but something smaller inside ‘Self Help’. For example, you could look at ‘Avoiding Procrastination’, ‘Setting Goals’, or ‘Staying Motivated’. These are smaller niches that will give you more success.
Of course, you can drill down further if you want. How about “Avoiding Procrastination at Work”? Or, “Working from Home and Setting Goals”?. Another one could be “Staying Motivated in your 40s”. I have no idea how successful those would be, but I have to say, I quite like those three ideas myself. Steal them from me before I use them myself.
The trick with selecting a niche is first, take your time. If it takes you an hour to find a good one, great. A day? Fine. If it takes you a week… well, if you want to be 100% sure and you need a week, no problem. However, if it’s taking you longer than a week, the problem may be your letting fear get in the way of making a decision. It’s time to decide, so choose something.
How Do I Market My Amazon Direct Publishing eBook?
Okay, this is the last one I’m going to do today so keep going, you’re doing very well. This is, by far the most challenging part of the entire process. I could tell you that the best way to learn how to market your Amazon Direct Publishing eBook is to study as much as you can and then go for it. I could say that, but I am definitely not going to say it.
The fact is that if you want to build an Amazon KDP eBook empire, you can’t spend months and months trying different things to get it right for two reasons:
1. Learning how to market your Kindle eBook by trial and error, even if you are following lots of advice, is going to take you forever.
2. You are not only going to be continually spending money learning everything you need to know, but you are also going to be losing money because your eBook is not selling when it should be.
What Should My Next Step Be?
My honest to goodness advice here is to buy Stefan Pylarinos’ K Money Mastery Course. True, it’s not the cheapest Amazon KDP course on the market, but it is one of the few that has been proven to work. And consider all the money you’ll save in the long run. Also, you should consider how much more quickly your eBooks will be selling in comparison to if you had done it all by yourself. You’re really paying yourself for the investment you are making.
If you enjoyed the above, leave a comment. And if you think I’ve left anything out, please feel free to add that below too. Thanks and speak again soon.
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