Are you looking for a way to make money with Kindle? Great idea! Digital books make a writer’s work available with the click of a button. This can add a whole new layer to your passive income streams.
What’s one of the best reasons to do this? It can add a steady stream of income for many years.
The boom in tablet
sales along with the arrival of Kindle has led to a revolution in how people
consume information. Selling digital products is a way to cut out the normal
costs associated with a print book, although you can opt to have a print book
created with Kindle. Once you learn how to make money with Kindle books, you can add a
new level of passive income to your pocket for many years.
Now, selling the written word isn’t limited to a few select writers, thanks to Kindle and other e-readers. Making money on Kindle is more than writing though. You can’t simply throw some words together in a Word document and expect it to make sales.
There are other things to consider, like your description of the book or the right niche. The trick to making money selling on Kindle is to create a product that is in a profitable niche and has been marketed and promoted well.
There are a lot of different ways to make money with Kindle products. Don't despair if you aren't the world's greatest author. If this area intrigues you, then check out some of the options. Keep your mind open because Kindle publishing includes different types of products including:
In Part One of Make Money with Kindle, let's start with some tips on how to find a profitable niche. That's the little corner of the market where you may have some inside information, or interest, but also where you can make money. It's great to do something you love for the sake of enjoyment but you'll get much more joy out of your achievement when you start earning money!
The key to making money selling Kindle content is to find a profitable niche. Kindle isn’t limited to steamy, erotic, fiction, books as best sellers. You need to take some time to learn how to analyze and determine what a profitable niche is, while avoiding niches that could turn out to be a waste of your time. Once you’ve identified a promising niche, you could multiply your sells and create more avenues of passive income.
To find a profitable niche, go to the Kindle store and look in the books categories. Dig deep by doing a search in your chosen category or keyword.
Step 1: Do a general search on the Kindle store using a keyword or a broad subject. Look for subjects that have more than a dozen books but less than 200. A lower number could mean less competition or it could mean the subject is not popular enough to be profitable.
Step 2: Click on the first book that shows up in the results page to see its description. Scroll to the Best sellers rank section. This will show you the position the book has within the Kindle store. Do this with three or four books to get an idea of how popular each one is.
Also, look at the different categories in which each book is listed. This process gives you ideas of where you can list your book and the keywords you might want to target. In general, you want to narrow your niche down but you don’t want to make it so narrow that you are targeting only a few people. General health books won’t be as profitable as a diabetes niche and a more specific niche such as diabetes for older adults, will sell even better.
Step 3: if the book ranks below 20,000, it’s a potentially profitable subject. Analyze several books in the category to see if they have similar sales ranks. If they do, the niche is a good choice to make money from since the topic has already been proven popular.
Step 4: Look at the reviews of each book. Look at what customers like or thought was missing in the book. This can help you put a different spin on your book.
Consider these things when choosing a profitable niche as well:
Once you have determined that your niche is profitable, you can do a general keyword search with your favorite tool to gauge how many people are searching for your terms.
You’ve found a profitable niche and determined the specific topic for your book. Now you have to get the writing done. You can do this yourself or hire out the writing. Here are the pros and cons of both ways.
If you aren’t a good writer but don’t want to hire one, you have other options like using a talk to text program like Dragon Naturally Speaking.
You're off to a great start now - hopefully you're thinking "This is something I can do!"
Part 2 of How To Make Money with Kindle will show you easy steps to maximize your money making chances.
In this simple guide you’ll get tips on:
Then you’ll be ready for The Next Step!
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