It has been almost 2 weeks since I last updated my blog. I have been working hard on my long overdue project – my first Amazon kindle book! Thankfully the kindle book – How To Create A Website With WordPress And Start A Profitable Online Business was successfully published on Amazon a few days ago. Finally, I can call myself an author as seen in Amazon, the world’s largest bookstore, lol!
Idea of Kindle Publishing
I first heard about the idea of publishing a kindle book from James Jones more than a year ago. At that time, Amazon was flooded by tons of PLR book and the methods advocated by the majority of the marketers are based on quantity of the books and the speed to churn out the books. Based on the number of games, you will definitely get some sales. The more book you have, the more revenue you will generate. This seems to be the initial stage of Google Adsense where people churn out thousands of pages to increase the revenue. I did not bite the bullet because the business model does not appeal me.
However, crappy PLR ebook no longer works in Amazon publishing business. In fact, Amazon did a major clean up and also slapped some of the publishers that abuse their system, cause them losing their Amazon accounts. Subsequently, the methods for getting your kindle book published in Amazon gear towards creating a quality ebook and build up your own cult so that your readers will keep buying from you whenever you release a book. This is a classic business model in both online and offline world, i.e. getting customers to come back to buy from you again and again!
Why Kindle Book?
First of all, you can get your name out in Amazon, the world’s largest online retailer with awesome reputation. This will help to build up your brand. It has an Alexa ranking of only 11 (as see today). This means that at any one time, there are only 10 websites that have more traffic than Amazon. This is extremely powerful since Amazon is an online retailer, which means that people go to Amazon to buy stuff or with the intention of buying to review products before they take out their credit card. The monthly visitors to Amazon is 77.2 million in March 2012 according to Quantcast, as shown in the screenshot below:
There are a ton of traffic that pack with buyers in Amazon. It is a waste if we do not tap into it. With Amazon, self publishing becomes a piece of cake, unlike the traditional self-publishing of a book. The best part is you can publish in Amazon for free.
Update: I received an email from a reader about how to view the kindle book. If you don’t have a kindle device to view your kindle book, just like myself (I don’t even have a smart phone to download the kindle apps), you can download a PC Kindle Viewer for free. Also, I just discovered today that you can fix up the problem of “items not available in your country” in Amazon by changing your address under your account detail to United States or Australia if you would like to buy the kindle book. I noticed that the kindle book pricing does not show up when the country is set to Singapore or Malaysia.
Getting Paid By Amazon
Like any other offline bookshop, you will get royalty from your book. You can either choose 70% or 35% for the royal with conditions you need to adhere for your pricing. For 70% royalty, you must price your book between $2.99 – $9.99. So, this is also the downside of getting the 70% royalty because you are limited to the recommended price range. Despite the royalty, pricing is a huge topic that required to be tested and optimized for each book. Now, for each book sold at $3, you will get around $2. This might seem a little but this can be compensated by huge amount of sales volume. Also, this is only for 1 book.
Apart from getting paid by Amazon, you can monetize the book via other methods since this is your front end product. Though Amazon does not allow for any upsale, down sale, cross sale, etc…created by yourself as seen in the typical sales funnel, your book certainly has the potential to bring in more revenue for your business.
If you are a service provider of video marketing, you can offer your service in your book (i.e. How To Create Your First Video) for those that need to create a professional video. Your customers are highly targeted and it will be easier to close the deal if your book provides massive value. You can also get compensated with affiliate marketing, i.e. to recommend your readers to buy some other useful products via your affiliate links. This will definitely open up a new stream of customers for you.
Get My Kindle Book
As my kindle book is new and just on the shelf, I price it at a very low price, only $2.99 at the moment. The book is truly a step by step guide to show you how to create a website with WordPress and start a profitable online business, that are packed with assignments for each chapter. It covers the basic like buying domain, hosting, create your first website to business overview, competition analysis, keyword research and 5 traffic generating techniques that brought me results.
As usual, leave me your comment below or any question you have for kindle book publishing or the extreme torrent traffic bonus.