Choose The Correct Formula For Finding Percent Of Yield How to Earn $50,000 a Year Self-Publishing on Amazon’s Kindle

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How to Earn $50,000 a Year Self-Publishing on Amazon’s Kindle

Why self-publish on Amazon? The Kindle ereader is the company’s best-selling product. According to Jared Newman of PC World.com, Amazon sold more than a million devices a week for three straight weeks during the 2011 holiday season. Millions of Kindles have been sold, but only 3 to 4 percent of readers use ereaders. This is a growing market and there is still plenty of room for freelance writers to do business.

The $50,000 formula

Six books or self-published reports on Kindle listed at $4.99 that sell 200 each per month generate $5,988, or $71,856 per year. Of that, the writers get 70 percent. Here are eight steps to earning $50,000 a year by self-publishing on Kindle:

1) Find Your Niche – Without finding a profitable niche, you won’t sell many books. Amazon has millions of titles available and some authors have yet to sell a single book. Getting Kindle calls for titles Kindle readers are already paying to read about. Check out the list of Kindle sellers for topic ideas.

2) Write your eBook, eArticle or eReport – Write about topics that solve problems. Fake Kindle sellers show readers how to solve specific problems such as making more money, improving photography skills or creating a thriving garden.

3) Create a Website for Each Niche – If you list six topics in the “improving your photography” section, create one website for your photography niche where you promote all of your topics. Having a niche website helps you better identify your brand.

4) Open an Amazon Associate Account – Becoming an Amazon Associate through Amazon.com provides an excellent way for you to share other Amazon recommendations related to your book on your niche website. Create a resource page that lists all your works and the works of other Kindle authors that your website users may find useful.

5) Self-publishing on the Kindle program – Kindle accepts Word, ePub, Plain Text, Adobe PDF, Zipped HTML and Mobipocket manuscripts. While some retailers offer POD–Publishing on Demand services for a fee, publishing to Kindle is free. It’s also very easy.

6) Sign up for KDP Select – Amazon’s popular program, Amazon Prime allows members to get exclusive deals. Members can borrow books through the Kindle Lending Library. Entering your Kindle jobs into the system helps create word-of-mouth that generates more sales.

7) Promote, Promote, Promote – Students can’t buy books they don’t know exist. Promotion equals sales. There are many online opportunities to market your work including blogging, article marketing and social marketing.

8) Clean and Repeat – After you’ve written your script and successfully marketed it, repeat the process. Announce upcoming publications on your website and continue to grow your brand. It doesn’t happen overnight, but steady marketing and persistence will go a long way in promoting your activities.

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