How to Make Money with Amazon Publishing

How to Make Money with Amazon Publishing

by | Mar 8, 2022 | Business & Finance

If it is one thing I love talking and writing about, it is on writing, especially when it can get you more money on writing than you could ever imagine! There are a zillion sites where you can get your article and books published on one is called Fiver, but did you ever know how to make money with Amazon publishing by yourself?

Amazon Kindle Direct Publishing (KDP) is a platform where amateur writers and professional writers write and get their books published at a very low cost. With KDP, you can self-publish your book on Amazon and start making money in as little as 24 hours.

This platform is way better than the traditional method of publishing whereby you have to wait months or even years for your book to get published. To avoid all the stress of the traditional method of publishing you will get to understand how to make money from Amazon publishing as you go deeper into the article.

How to Make Money with Amazon Publishing

Amazon is not just an online retailer. It started as an online bookstore and building on those roots, is a book publisher as well. Unlike a traditional book publisher, though, where you need to persuade an acquisitions editor to offer you a contract to get a book published, anyone can self-publish a book on Amazon.

Some benefits to Amazon KDP are that:

  • Amazon lets you keep more of your money. A lot more.
  • With over a 90million prime subscribers in the U.S.A alone, Amazon’s kindle store reach is huge.
  • Self-publishing with Amazon KDP is, positively, 100% free.

Another good thing about this Amazon KDP is that you can write on anything. Be it a children’s playbook, romance novel, or even a biography or a documentary.

Some ways how to make money on Amazon publishing include…

1. Researching and Identifying a Topic

The first step towards earning with Amazon kindle should be finding out what you want to write on. You have to make sure it is a topic people are eager to read and are willing to purchase.

One method of researching topics is keyword research to find out the types of resources that people are actively searching for on search engines. Another way to research the most profitable topics to write on is to plug in the search engine “Amazon Bestsellers” into the search engine, click on the results to see the popular topics, and consider writing a topic similar to the popular bestsellers.

By going about the above methods, you have made it easier to know what your readers want and how to make publishing and writing profitable to you.

2. Write a Good Book or Article

After you must have finished researching the topic you want to write on, the next thing is to start writing your book or article!

The first step towards writing a good book is getting a good structure. That is diving the book into chapters and also input your ideas and desired events into those chapters, that way you know how you want your book to be.

The same thing goes for an article, divide the structure into points, subtopics, and paragraphs and then you’re on your way to having a published article.  

3. Format Your Book

Formatting your book is a very important aspect of the Amazon publishing platform. Amazon publishing has some stringent formatting rules that you must follow if you want your book to be published.

The reason for this is that Amazon wants to make sure that all her books are accessible from all devices, be it from a PC, smartphone, iPhone, or even an iPad or tablet. So you have to go along with all the guidelines for publishing.

4. Create a Good Book Cover

Generally speaking, why most books don’t sell is not because of their content but because of the cover page of the book. Readers are attracted to what they see and that light attracts them to read your book.

I mean, you can’t write a romance novel and the cover page has a knife, it does not make sense at all. There is someone I know who published 3 books on Amazon and he was paid 800 dollars he told me that what attracted his readers was not his book but his cover page that was where his market was, his cover page.

It is important to know that your book will appear in a feed with other people’s books, and often, when you put a lot of images together in a feed, the most appropriately designed one stands out.

So, to increase your chances of getting noticed on Amazon Kindle and make more money with Amazon publishing, you must and should pay attention to your cover design.

5. You Must Register On Amazon KDP

Now that you must have written your book, formatted it, and created a format page, the next step to making your money on Amazon KDP is to register to that platform. You have to register on the KDP.

Registering on this platform is not as complicated as you may think. All you need to do is enter either your email or phone number, then choose a password.

After you must have done that, a one-time password (OTP) will be sent to your mail or phone. After inputting the OTP, you will be redirected to a page to enter your contact address, payment details and sign a tax form. Once you must have done all these, your account will be created, and you’re ready to start publishing on Amazon!

It’s that simple, and once you have done this, you are on your way to making a huge amount of money for yourself.

6. Publish Your Book on Amazon

Like I have said, anyone can publish on Amazon and you can publish anything on Amazon. After you must have registered with Amazon KDP, you compete with other authors!

In addition, publishing a book on Amazon is not hard. From your dashboard, navigate to the “bookshelf” tab. From there, you will see an option to choose which book format you want to publish. Choose between paperback and eBook kindle, and the platform will redirect you to fill in the book’s details.

Furthermore, you can upload a book in Word or PDF format, or use the kindle creator tool to convert a book for publishing.

7. Write a Catching Book Description

When writing a book description, you have to pour your whole heart into it, boil your book down to its central topics, themes and purpose.

This description will inform every external eye on what your book is all about and what it entails. It will help you market your book, which is also your product. Make sure to give your readers a teaser, not the full plot though. Don’t forget you want them to be intrigued enough to purchase a copy and dive right into reading the book but don’t make it too informed that they can predict the end.

The trick behind writing a good description for Amazon publishing is that you need to write something interesting without necessarily divulging too much.

8. Work a Lot More

You may be thinking that after you must have made your first dollars from this platform, then that is all. No, that is not all, you need to remember that you are in competition with other skilled authors who make at least 2000 dollars a month so you have to work hard, enhance your skill, and learn from other authors.

If you are not interested in doing the necessary work, Amazon self-publishing may not be for you.

9. By Being Patient

To earn money not only from Amazon Publishing, you also have to be very patient. A few people will start making money with their little books, but for someone else, it may not be so and that is why you have to enjoy the process and also learn along the way. I mean your book will get purchased. Be patient.

In addition, being patient enables us to analyze things and situations beyond their face value. The resourcefulness, calm and empathetic behavior of patient people will make them very popular. There is a high chance of you eventually earning good money on the platform if you stay persistent.

Conclusion

Writing and getting your book published is a thing of joy for writers. Amazon KDP is a very lucrative platform to make easy cash with persistence and hard work. You can make as little as 100 dollars as starters and rise to at least 4000 dollars each month, only if you work towards that.

You can also decide to make this a side hustle and you see you will earn well because Amazon pays in dollars and the dollar is higher than our Nigerian currency, so why not jump on the train and earn a lot of funds from this jaw-breaking opportunity.

The steps and ways to make the money on Amazon KDP are all listed above, what is stopping you from making your money in action!

FAQs   

How much does it cost to put a book on Amazon?

It is totally free. It costs nothing to publish on amazon.

Is Amazon Publishing worth it?

Amazon is totally worth it because authors are making it huge on that platform as writers.

Does Amazon pay you to publish a book?

Amazon pays you to publish a book, each book rather and you get 60% royalty on each book. Great right!

How much does Amazon take from publishing?

Amazon takes 40% from your royalties leaving you with 60% after your book is published. Authors are making it huge with this opportunity.

How do you publish on Amazon?

To get your book published on amazon, you have to have a KDP account for that to happen.

Why 90% of Startups Fail and What to Do About It

Why 90% of Startups Fail and What to Do About It

by | Nov 15, 2021 | Business & Finance

A lot of people these days are drawn to business for numerous reasons. Everyone wants financial freedom, having to call the shots yourself without being answerable to anybody. A business offers you that and so much more. Over the years, the numbers of individuals going into businesses have actually increased, but have you ever wondered about the success rates of all these startup businesses? It is quite disquieting to learn that a whopping 90% of startups fail. A study carried out back in 2019 discovered that 9 out of 10 startup businesses fail.

The numbers are scary, aren’t they? In this article, you’ll get to learn why nearly a hundred per cent of startup businesses fail and what to do about it.

Why 90% of Startups Fail

1. Inadequate Creativity

One of the reasons why 90% of startup businesses fail is due to a lack of creativity. Business is a combination of science and art if we’re being frank. Creativity is crucial to the success of any business. An entrepreneur needs to be creative enough to bring fresh and bright ideas to market their products and services in such a way that customers are drawn to them.

Wanting to go into business and having the capital to finance it isn’t enough, you need innovation in order to stay ahead of the curve. There are so many business ideas out there. This makes the competition pretty stiff. Jumping head-first into the business sector without a solid blueprint is just another recipe for disaster.

The solution to this is not to rush head-first into anything. Take your time. Think of ways to make your products and services unique. Come up with something new and fresh. Customers love new products, fun products, products that scream innovation.

2. Insufficient Research

Another reason why 90% of new businesses fail is insufficient knowledge backing them. For a startup business to be successful, proper and adequate research must be carried out regarding the products and market availability. This is one of the first things you need to know as an entrepreneur.

What is the general public in need of right now? Is the market readily available for me?

How much would it cost to finance this business?

What is the competition like and how can I stay ahead?

How do I generate clout for my business?

You need to ask yourself these questions and set out to find the solutions to these problems.

Check out these steps to help you make proper market research for starting up a business

3. Trying to Create the Perfect Product Right from the Get-Go

The problem with trying to create the perfect product at an early stage is that, regardless of all the hours put into research, you might still come up short in a real-world application. What you need isn’t a perfect product from the start, what you need is MVP.

No, not the most valuable player but Minimum Viable Product.

Minimum Viable Product refers to any version of a commodity that has enough features to be usable by early-stage consumers who can critique and provide feedback for the further development of said commodity. This is a very useful technique in the sense that by the time the product is fully developed, it will be something that customers really want for the reason that it was developed according to their taste.

Customer satisfaction is always a top priority for any business, and what better way is there to satisfy customers than to give them exactly what they want?

4. Lack of Desire and Passion for the Business

This is something that you should truly focus on a mental level. Let’s face it; the majority of people go into various businesses in order to make money. But if money is your only motivation, then it’s safe to say that your startup is bound to fail.

You need the desire and passion to seek to make a difference in the market with your goods and services. The need to make a difference will invariably fuel your innovation and push you to do more, to be more. Success doesn’t come without desire and perseverance.

A solid reason why 90% of startups fail is that entrepreneurs give up easily once they hit a bump in the road. Those who desire success dig in deep and find innovative ways to bypass their challenges, and in so doing, they open doors of opportunities for themselves.

Passion is one of the best qualities of an entrepreneureur, and if you lack it. Well…

5. Building a Business with the Wrong Team

As your business grows, you will need to keep up with the pace by hiring a team. It could be just one person or more, regardless, the type of people you hire will have an impact on your business. You do not hire an engineer to do the work of a doctor.

To avoid falling into the 90% statistic of failed startups, take your time and search around for the best people to help build your business to the level you want. We all need some help at some point in time, so why not get the best possible help for your business?

6. Inability to Adapt to Changes in the Industry

Another reason why 90% of startups fail is their inability to adapt. In order to be among the 10% who see their startup businesses thrive, you must be able to adapt to situations.

A market can be a turbulent place as things are in constant motion. Being able to adapt to these changes, even going as far as making those changes work in your favour is a priceless skill. With it, you will not only have the upper hand in dealing with competitors, but you will also have longevity in the business.

You must be able to see these changes and act accordingly in ways that will see you succeed.

90% of startup businesses fail because the business owners are unable to adapt.

7. Funding Issues

Another top reason why 90% of startups fail is largely due to funding; overfunding or underfunding. Underfunding occurs primarily due to insufficient research by the entrepreneur. When you venture into a business underestimating the cost to run that business, it will inevitably crash.

You might raise an eyebrow at how overfunding could make your startup fail. I mean, isn’t lots of money good? You may be right but not entirely. Overfunding for startups is a double-edged sword. When there are excess funds for a startup, it speeds up development and the business expands rapidly.

That sounds great, doesn’t it? Well, here comes the tricky part; when a startup business expands at that speed, it gives rise to more expenses in hiring personnel, product development, and marketing. The warning light illuminates when revenue can’t keep up with the massive expenses; this is what experts call a negative operating cash flow.

Conclusion

A startup may fail due to any of the reasons mentioned above. A problem known is half solved, isn’t it? If you are just starting a new business, you will do well to read this article carefully and avoid the mistakes that lead 90% of startup businesses to failure.

This article was written to help be part of the 10% that succeed.