Here’s a quote from a post at the Kindle Board, where Kindle authors discuss just about everything related to publishing eBooks on Amazon, including income:
“I am a prior business owner, I took a leap of faith and closed my business when my Kindle earnings were only $2500/month a few months ago. So glad I did! My business had so much overhead, it was crazy. With writing I have my editor, my cover artist and my formatter — that’s it! My only fear is taxes, I haven’t started paying quarterly yet — I have no idea what I can really write off. If these $6800 months continue, I am going to owe a lot.”
Wouldn’t you like to see eBooks you’ve published selling hundreds to thousands of copies every month? With Amazon paying approximately 70% royalties to the authors, it’s clear that nice incomes are resulting from sales of books that are priced anywhere from $1.99 to $9.99. Getting a reputation can result in increased sale numbers and rising prices as well.
We’ve studied the fast development of Amazon’s Kindle marketplace in depth. Authors who are actually making a living from book sales there are situated in what some experts call the “mid-list.” That’s not writers who appear in the Top 100 lists, though you’d certainly be thrilled to show up there. They’re more in the 1000 to 6000 lists. What those numbers mean is how many books are selling better than yours. So, if you’re at 3000 in your genre, say fantasy fiction, then 3000 books are currently selling better. That’s not a terribly difficult position to reach … IF you know the best practices and have quality books.
e-Publishing Pro Strategy One
The first strategy we’ve perfected is one for those who have some ability and want to actually write books, especially if they don’t have money currently to purchase well-written books. The secret in this strategy is how to determine what to write about, the right genre(s), and how to create a book with characteristics similar to current and past best-sellers. Then it’s all about proper promotion and getting good reviews.
e-Publishing Pro Strategy Two
This Kindle eBook publishing strategy is for those who have a bit of cash to get started, not a lot, as a few hundred dollars can get the profits flowing. In this strategy you must learn how to locate authors who have good books sitting on their computer hard drives and have never done anything with them. For a few bucks, many of them will email or download you their book and sell you all their rights. Your task is to locate these authors and know which have the most suitable material and how to approach them.
We’ve put together a course for e-publishing for profits, and you can learn both of these strategies and have books up on Amazon in just a few weeks.