Top Reasons to Sell on Kindle – Is This the Ideal Business Model?
If you’re looking for ways to make money online, then it pays to think a little outside the box. Too often we focus only on building websites, on affiliate marketing, or on selling services. But, in fact, there are countless other options. Whether that means building an app for Android, or creating an ebook.
And creating an ebook to sell on Kindle might just be that perfect business model you’re looking for. Let’s look at some of the ways in which this is an ideal way to make money online…
Selling an ebook on Kindle is a business model that literally anyone can model. As long as you can write and you have a copy of Word (even that is somewhat optional) then you can create a book and upload it to the Kindle Store. There’s no fee for becoming a publisher and it can all be done in an evening. The only hard part is writing the book – but you can easily outsource this or purchase the rights to a digital product if you prefer.
Selling on Kindle is also efficient. You can re-use old content and recycle your products. For example, once you’ve created an ebook for Kindle, there’s no reason that you can’t also sell it on Nook, on the Google Play Bookstore or on iTunes. You can also create a PDF and simply sell it from your own website. (like I’m doing here: Make Money With Kindle)
There’s also no reason that you can’t create entire series of books reusing certain elements of your content. I’ve done this with a webinar I did for Online Competitive Intelligence. The first eBook is part 1 and available as a pdf – CI101: Competitive Intelligence the Internet Way, and it’s on Amazon Kindle.
It’s Truly Passive
Making money with Kindle can be a passive form of income. In other words, once you’ve uploaded your book to the Kindle Store, you’ll be able to continue making sales without having to do anything else to promote it. People will find it on the Store by searching and even if the book isn’t a hit, you can still find that this provides an additional source of revenue as occasional sales trickle in. I haven’t promoted my CI101 eBook in over a year, but I get monthly sales. (Note that it’s in a niche…one secret to making money with Kindle).
There are many online business models that claim to be passive, but almost all of them require some form of maintenance or ongoing promotion. Selling books on Kindle is truly 100% passive!
The fact that you aren’t trading time for money when you sell Kindle books means that it is truly scalable. In other words, you can take your effective business model and repeat it over and over again to increase your sales.
Now, you’ve made money from selling one book. What’s to stop you from creating another book and selling that too? And then another and another? Honestly, once the first one has been published, the others happen pretty easily.
Even if all these books only make you $10 a week – once you’re selling 100 of them, that’s then $1,000 a week!
More likely, though, what you’ll find is that most of your books don’t make that much money at all – perhaps they make you $1 a week if you’re lucky. But then you’ll have one breakout hit that drives sales for all the others up and that drastically increases your salary. This is a game of numbers and if you play long enough, eventually success is inevitable! For me, I make much more than $1 from my books and it’s because they’re targeted to a niche market and they’re quality.
What are you waiting for?
Seriously – now is the best time to make money with Kindle. Get theeBook, repurpose some of your existing content, and get out there! It’s much easier than you think.
Also published on Medium.