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- #Can you make money with kindle direct publishing professional#
- #Can you make money with kindle direct publishing series#
Few books “earn out” those advances, Friedman says. The advance is essentially an up-front payment that’s paid back through sales.
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If a traditional publisher likes what it sees, it’ll typically offer the author an advance and royalties - a percentage of the profit on future sales. If you go the traditional route, you’ll need to find an agent who is willing to back your project, create a book proposal and have the agent shop it around. You can try to secure a book deal with a traditional publisher or you can self-publish. That said, if you want to be an author, there are two ways to go. " I wish I could reallocate those hundreds of hours I put into writing a book back into the YouTube channel.” Publishing strategies “I’ve made 50 times more money off of creating a valuable YouTube channel than the book,” Jones says. If you earn more money doing something else, dedicating the necessary hours to a book could be a money-loser.Ĭolin Jones, for instance, says that even though he got a fairly generous deal to write his book on playing blackjack - “The 21st Century Card Counter” - he earns far more with his primary gig, a YouTube channel. “I would definitely say it’s worth it if you build it into your content schedule,” he says. Meanwhile, all the posts that make up the book are linked to a page that sells the entire text.
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#Can you make money with kindle direct publishing series#
When he has completed the series on his blog, he reformats the posts and turns them into a book. “I write a chapter a week and use that in my blog post schedule.” “The trick is to build them into a content strategy,” he says. His current book strategy is to simply repurpose his blog posts into books. However, he also has a blog - My Work From Home Money - and writes posts for that site every week. With that wide variation, Hogue acknowledges that writing a book for its own sake may not pay off. Hogue’s books have earned anywhere from $1,000 to $20,000 each, he says. What drives you to publish? If your goal is simply to earn money on book sales, you’ve got to strategize to make it worth the time, says Joseph Hogue, an author of 12 books. Naturally, all this brings up the question of motivation. Think about getting people into an escalation funnel where you can sell them what you actually want to sell them,” Huntley advises. “If you want to make money on a book, don’t think about book sales. If you do that, Huntley says, the author has you in his “sales funnel.” After buying the book, Huntley purchased the author’s $2,000 video course and a live presentation that cost $10,000. The book directs you to sign up for related resources on his website, Huntley explains. But he was such a fan of “The Compound Effect” by Darren Hardy that he spent thousands of dollars on courses offered by the author. A book is the best business card that you have.” ‘Escalation funnel’Ĭhris Huntley isn’t an author himself. Her first book, she says, “established me as an expert, which allowed me to get quoted in articles from pretty big sites. “I didn’t expect to get rich off books,” says Fo Alexander, founder of the Mama & Money website and an author of two books. And they can help raise the profile of a budding website. Books can also be used as a sales tool to market other products, such as classes and investments. Published authors can sometimes use that accomplishment to attract more clients, secure speaking gigs, get tenure.”Īuthors add that a book can be a great calling card, establishing your credibility on a specific topic. “The hourly rate for book writing is terrible,” says Jane Friedman, a publishing industry veteran who advises other authors. While it may be a questionable pursuit on its own, publishing a book could be a good side hustle if it supports your main job. That doesn’t, however, mean that book publishing is a waste of time.
#Can you make money with kindle direct publishing professional#
“If you are a professional writer and are accustomed to getting paid a reasonable amount for your writing, the idea of writing a book is a tough sell because there is so much uncertainty.” Upping your profile “It’s a really iffy way to make money,” says Liz Weston, a columnist for NerdWallet whose book “The Ten Commandments of Money” earned a six-figure advance. But your name will forever be associated with that book. Moreover, many authors pour so much time into writing, editing and researching their manuscripts that even a six-figure book deal could work out to a poor hourly rate.