Hello Everyone,

I am opening this thread to raise awareness of the business opportunity that's currently available on Amazon - specifically how to make money online with Amazon Kindle Direct Publishing.

I’ve been a self-publisher for over 3 years now and I can honestly say it is one of the easiest ways to make money online - especially as a beginner. It will not make you rich overnight but IT CAN MAKE YOU RICH. I've been Self Publishing for a little over 3 years now and I've made over N60 million from it (see proof below)

Prior to doing this, I was working a 9-to-5 job. I was earning a good amount of money but I had no freedom. I searched for ways to make money online and came across two books: The Richest Man In Babylon and Rich Dad Poor Dad.

Reading these books planted a very powerful seed in my mind about the need to build passive income. It made me realize that I would never be free working for someone - I needed to build assets that could do the work for me.

The assets that were immediately obvious to me then were Real Estate. However, I didn't have enough capital as at then so I kept on researching until I came across Kindle Publishing. The idea of having a digital asset on Amazon that keeps earning royalty in perpetuity for me was fascinating

I love this business model because it is very passive. Once your books are written (by you or a ghostwriter you hire), you do not have to do anything again. Amazon will publish it, market it and send you your monthly payments for life.

What's more? Kindle publishing is completely legal, you will use your real names (or a pen name if you wish), no changing of IP address and your money will be sent to you here in Nigeria.

I started this business with $500 from my savings and gradually grew it to the scale it is now. It took me 7 months to have my first $1000 month and since then I've made $10,000 multiple months, having worked with a mentor who helped me scale to more than 40 books.

If you are ready to do the work and get good books into the KDP system, the rewards are truly tremendous. I sleep and wake up to check the number of people that have bought my books in countries I have never been to.


Imagine..
- Earning money from books you wrote years ago
- Not having to rely on pension or money from relatives for your survival
-earning in dollars and spending in naira (the added appreciation in value!)
- Buying a car or building the house of your dream (without taking a mortgage from a bank)
- Contributing to a charity of your choosing or starting a foundation to help the poor
- Quitting your job, living life on your own terms and travelling the world (and still tracking the progress of your business on your laptop)

All these (and more), you can achieve with the power of publishing


THE BASICS OF KINDLE DIRECT PUBLISHING

Step 1. Register

- Go over to kdp.amazon.com and open an account. This first step is necessary so you can commit yourself to the project.

- Use an email that you open frequently because they will communicate with you.

- Use your real names, real Nigerian address and other relevant details.

- If you're doing this from Nigeria then you'll need a US bank account to receive payment from Amazon. (Amazon doesn't pay directly into Nigerian Bank accounts). You can get a free US Bank account from Payoneer by going here

- Amazon deposits your royalty into your Payoneer account. You can then withdraw the money from your payonner account to your Nigerian Bank account


Step 2. Research

- Research is one of the crucial aspects of success with Kindle Direct Publishing. You need to do accurate research to figure out which keywords are profitable with good demand. This can be seen in the books best sellers rank (BSR). Ever book on Amazon has this. The lower the number the better!
- Once you confirm books in that keyword are selling well, you move to step 3.


Step 3. Write Or Outsource The Content

- Get materials and write quality content for your books. The content must be original or your book will not be published.

- If you don't want to write the book yourself, you can hire writers from Fiverr or Upwork (https://www.upwork.com). Just make sure that the writers you hire are legitimate. Some writers on upwork/fiverr sell you manuscript they wrote for other people, these sort of things can get you in trouble with Amazon

- To help you detect unscrupulous sellers, look at their reviews and profile history. If they have good, relevant and recent reviews from customers saying they did a good job for them thats a good start.

- Looking at their profile history, have they been around for a long time? if so, then thats another good sign (just use your judgement, unscrupulous sellers frequently get their accounts terminated so the longer a seller has been around the more likely he/she is legit)

- You can also contract writing companies to write for you (this option is slightly more expensive but has less hassle and gets you higher quality books). I share the company I personally use with my students.

- Once you have the manuscript, check that it doesn't violate any copyrights (that the writer didn't just copy and paste everything from google). You can use the Copyscape for this (http://www.copyscape.com)

- Also, ensure you proofread properly. Kindle readers will kill you with bad reviews if there are a lot of errors/typos.


Step 4. Design A Cover

- Just check other books in the category you chose and make a similar cover. You can get good covers made for you for as little as $5 on Fiverr.com. You can also design the cover yourself. I share with my students the FREE software I use to design my kindle and paperback covers..I rarely outsource those out these days. If you're the creative type, then $5 saved over numerous books adds up!


Step 5. Format The Book Properly

Formatting is another aspect that can easily mar your work. In fact, some people are offering this service online and they are making a lot of money from it. You need to know the right way to format so the book will work well on different types of mobile devices apart from the Kindle Reader. (hint: you need to learn how to optimize this to maximize your royalties)


Step 6. Write A Good Description

This is self-explanatory. Your description could be two or three paragraphs or more. This is what will represent your sales page so you need to do it well. You need to communicate to the customer why they need to purchase your book and not those of your competitors. This is key. Get it right and you'll sell a LOT of books. (hint - you need to hit customers pain points, you need to overcome objections, you need to emphasize the benefits they'll derive from buying your book etc.)


Step 7. Upload Your Book To KDP

Once your manuscript and book cover is uploaded, you can input your book description, set the price of your book and hit the "publish" button. Your book will then enter a review process where amazon will check to see if it meets their standards (i.e. it doesn't violate any copyright etc.). This process usually takes between 12-72 hours. If it passes the review process, viola your book is now on sale on amazon and you can begin to earn royalties for each unit that sell.

I believe the above information will be enough to get you started


PROOF OF MY EARNINGS

Why qualifies me to speak authoritatively on this subject matter?

Well, I have attached below screenshots showing my earnings from kindle and paperback sales since I started in November 2016.

They show that I've made more than $110,000 (from ebook, paperback and page reads). In addition, I've also made more than $54,000 from audiobook royalties alone (have sold more than 18,100 audiobooks with each audiobook earning more than $3 on average), as well as, more than $4000 from Ingramspark (which I started earlier this year in August 2019)

Feel free to go through this thread to see a lot more consistent screenshots showing my earnings. I usually post them on a month by month basis

I'm not saying this to brag but rather to show what's possible. Some people still find it hard to believe it's possible to LEGITIMATELY make money online!


Kindle Publishing Training

Feel free to do your own research about this business opportunity and learn as you go. However, for those of you who will like to fast track their learning process using the strategies I personally use in my own publishing, the below resource(s) is for you.

These resources will effectively hold you by the hand and show you, step-by-step, how to continuously create highly profitable books that maximise the money you budgeted, leaving nothing out, leaving nothing to chance so you can build a six figure a year business that you are proud of and most importantly works!

It will show you everything from how to do keyword research the right way, to hiring quality writers, outsourcing cover or creating covers yourself for FREE, give you the template to writing effective book descriptions etc.


Available Resources

1. Kindle Publishing Blueprint N20,000
2. Keyword Research Video N10,000
3. Ten Profitable Keywords In Self-Help Niche N10,000
4. Ten Profitable Keywords In Cooking Niche N10,000
5. Ten Profitable Keywords In Computer & Technology Niche N10,000


Cost and Discounts

The total cost of the above resources is N60,000 when purchased INDIVIDUALLY.

However, those that purchase all the resources AT THE SAME TIME get it for N40,000...SAVING 20,000


BENEFITS:

The Kindle Blueprint will show you how to:

1. Do keyword research and publish books in niches that sell well. You also learn strategies that will help you maximise the ROI you get for every dollar invested into your publishing business
2. Hire very high-quality ghostwriters for relatively cheap prices (these are writers I've personally used for over 3 years)
3. Write great book outlines that help your ghostwriters personalise your book
4. Dominate niches that are profitable (you want to corner the entire online Amazon publishing real estate with your books)
5. Maximize the royalties you earn from your Kindle and paperback book
6. Increase the number of books you have without paying to get more books written
7. Increase the customer lifetime value of my readers by selling to them over and over again - instead of once
8. Maximize your earnings from page reads - I've earned over $7000 in 3 years from page reads alone
9. Spy on your competitor's books and figure out what keywords they're ranking for (and then rank your book for those same keywords)
10. Legally get into the highly lucrative audiobook publishing business on ACX (even if you're publishing from Nigeria!).

Normally, ACX only allows people who publish from USA, UK, Australia and Canada to publish on their platform. The book will show you how to LEGALLY bypass this. It cost you a bit of money though (less than $500)

Furthermore, you'll discover the step-by-step details of Audiobook publishing using ACX. It'll show you how to create your account, how to upload your books, how to hire narrators, how to negotiate with them, how to promote your audiobook to help you sell a lot of them, which niches sell well on audiobook format, Which niches do poorly and why etc.


The Keyword Research Video:

The Kindle Blueprint goes into the theory aspect of keyword research while the keyword research video shows you how I do it. You follow me step by step as I mine for keywords on Amazon, analyze them for profitability and construct effective book titles/subtitles using the keywords I discovered.


The Profitable Keyword Books:

This is more or less for busy people who may not have time to carry out keyword research themselves. The book gives you 10 profitable keywords in 3 different niches. With this book, all you have to do is draw a book outline (using the strategy outlined in the blueprint), give the outline to your ghostwriter and the ghostwriter will get to work writing the book for you. Once the book returns you pay for it to be formatted, pay freelancers to create a book cover for you, upload everything on your kdp account and hit the publish button. It's that simple.

This package is effectively a DONE-FOR-YOU resource

Most importantly, you have FREE access to me on Whatsapp in case anything in the resource isn't clear to you I'll be available to help clear them up


REQUIREMENTS FOR BEING A KINDLE PUBLISHER
1. You need access to a computer (preferably a personal laptop)
2. You need a good internet connection.
3. You need to be highly motivated

Shoot me an email if you're interested in the above resources, shoot me an email at obinnaezeanaka@yahoo.com

To Your success,

Michael



Contact Email: obinnaezeanaka@yahoo.com

Hmmmmmmmmm. my book has been there since last year and i didnnt see anything like $1 oo. how do you guys come up like this bigo?

easyconnect:
Hmmmmmmmmm. my book has been there since last year and i didn't see anything like $1 oo. how do you guys come up like this bigo?

Your title is probably not optimized for keywords.

I see plenty of people make the same mistakes. They publish a book on a topic they're passionate about (regardless of whether it's profitable or not). The right way to go about it is to check for topics that are in demand and people are paying for. Once you confirm that the keyword is profitable, you then go ahead and create a book on that topic (making sure your book approaches the topic from a different angle i.e. your own unique value proposition)

For e.g. lets assume the keyword "Relationship Advise" is profitable

1. You've checked and found that the keyword is profitable and plenty of books published in it are doing well
2. You want to publish your own book on the same topic but there are already plenty of books on the topic so you have to go one step futher - you niche down e.g. yours could be for a very specific market...say Relationship Advise For Singles or Relationship Advise For Men etc.

That's the idea.

And ofcuz your cover and description need to be good as well.

Publishing is like cooking a soup..timing and ingredients matter. Miss a step and the whole thing taste strange. Keyword research, cover design, book description, pricing strategy etc. doing all these things well helps a lot towards your long term success

hmmmm
I just learnt a marketing strategy from you kudos


So do you mean if I'm able to pay 20k for the book all I will be paying for my mentorship is 100k?

HeliosHay:
Hello Everyone,

I am opening this thread to raise awareness of the business opportunity that's currently available on Amazon - specifically how to make money online with Amazon Kindle Direct Publishing.

I’ve been a self-publisher for over 2 years now and I can honestly say it is one of the easiest ways to make money online - especially as a beginner. It will not make you rich overnight but IT CAN MAKE YOU RICH. I've been Self Publishing for about 2 years now and I've made over N18 million from it

I love it because it is very passive. Once your books are written (by you or a ghostwriter you hire), you do not have to do anything again. Amazon will publish it, market it and send you your monthly payments for life (as long as your books continue to sell).

What's more? Kindle publishing is completely legal, you will use your real names, no changing of IP address and your money will be sent to you here in Nigeria.

If you are ready to do the work and get good books into the KDP system, the rewards are truly tremendous. I sleep and wake up to check the number of people that have bought my books in countries I have never been to.


PICTURE THIS
- Imagine earning money from books you wrote years ago
- Imagine not having to rely on pension or money from relatives for your survival
- Imagine earning in dollars and spending in naira (the added appreciation in value!)
- Imagine buying a car or building the house of your dream (without taking a mortgage from a bank)
- Imagine contributing to a charity of your choosing or starting a foundation to help the poor
- Imagine quitting your job, living life on your own terms and travelling the world (and still tracking the progress of your business on your laptop)

All these (and more), you can achieve with the power of publishing


THE BASICS OF KINDLE DIRECT PUBLISHING

Step 1. Register

- Go over to kdp.amazon.com and open an account. This first step is necessary so you can commit yourself to the project.

- Use an email that you open frequently because they will communicate with you.

- Use your real names, real Nigerian address and other relevant details.

- If you're doing this from Nigeria then you'll need a US bank account to receive payment from Amazon. (Amazon doesn't pay directly into Nigerian Bank accounts). You can get a US Bank account from Payoneer: https://www.payoneer.com/

- Amazon deposits your royalty into your Payoneer account. You can then withdraw the money from your payonner account to your Nigerian Bank account


Step 2. Research

- Research is one of the crucial aspects of success with Kindle Direct Publishing. You need to do accurate research to figure out which keywords are profitable with good demand. This can be seen in the books best sellers rank (BSR). Ever book on Amazon has this. The lower the number the better!
- Once you confirm books in that keyword are selling well, you move to step 3.


Step 3. Write Or Outsource The Content

- Get materials and write quality content for your books. The content must be original or your book will not be published.

- If you don't want to write the book yourself, you can hire writers from Fiverr (https://www.fiverr.com/) or Upwork (https://www.upwork.com). Just make sure that the writers you hire are legitimate. Some writers on upwork/fiverr sell you manuscript they wrote for other people, these sort of things can get you in trouble with Amazon

- To help you detect unscrupulous sellers, look at their reviews and profile history. If they have good, relevant and recent reviews from customers saying they did a good job for them thats a good start.

- Looking at their profile history, have they been around for a long time? if so, then thats another good sign (just use your judgement, unscrupulous sellers frequently get their accounts terminated so the longer a seller has been around the more likely he/she is legit)

- You can also contract writing companies to write for you (this option is slightly more expensive but has less hassle and gets you higher quality books). I share the company I personally use with my students.

- Once you have the manuscript, check that it doesn't violate any copyrights (that the writer didn't just copy and paste everything from google). You can use the Copyscape for this (http://www.copyscape.com)

- Also, ensure you proofread properly. Kindle readers will kill you with bad reviews if there are a lot of errors/typos.


Step 4. Design A Cover

- Just check other books in the category you chose and make a similar cover. You can get good covers made for you for as little as $5 on Fiverr.com. You can also design the cover yourself. I share with my students the FREE software I use to design my kindle and paperback covers..I rarely outsource those out these days. If you're the creative type, then $5 saved over numerous books adds up!


Step 5. Format The Book Properly

Formatting is another aspect that can easily mar your work. In fact, some people are offering this service online and they are making a lot of money from it. You need to know the right way to format so the book will work well on different types of mobile devices apart from the Kindle Reader. (hint: you need to learn how to optimize this to maximize your royalties)


Step 6. Write A Good Description

This is self-explanatory. Your description could be two or three paragraphs or more. This is what will represent your sales page so you need to do it well. You need to communicate to the customer why they need to purchase your book and not those of your competitors. This is key. Get it right and you'll sell a LOT of books. (hint - you need to hit customers pain points, you need to overcome objections, you need to emphasize the benefits they'll derive from buying your book etc.)


Step 7. Upload Your Book To KDP

Once your manuscript and book cover is uploaded, you can input your book description, set the price of your book and hit the "publish" button. Your book will then enter a review process where amazon will check to see if it meets their standards (i.e. it doesn't violate any copyright etc.). This process usually takes between 12-72 hours. If it passes the review process, viola your book is now on sale on amazon and you can begin to earn royalties for each unit that sell.

I believe the above information will be enough to get you started


PROOF OF MY EARNINGS

Why qualifies me to speak authoritatively on this subject matter?

Well, I have attached below screenshots showing my earnings from Audiobooks for October, November and December 2018 as well as my royalty earnings life to date since I started publishing in 2016. They show that I've made more than $50,000 from kindle and paperback royalties since 2016 and between October-December 2018 I made more than $15,000 from audiobook royalties alone.


ONE-ON-ONE TRAINING

Feel free to do your own research about this business opportunity and learn as you go. However, for those of you who will like me to personally mentor them as they go through the process of publishing their first book, this mentorship program is for you.


This mentorship will be carried out via Skype or Facebook video calls. I will show you everything step-by-step from keyword research, to hiring writers, outsourcing cover or creating covers yourself for free, give you the template to writing effective book descriptions and help you publish. You'll also be added to a secret facebook group consisting of students in my mastermind. There, you can download the pdf documents summarizing the key steps (including book pricing strategies) as well as get the opportunity to network with other mentees.


FEE For Guided Mentorship: N250,000

PAYMENT PLAN: N150,000/month for 2 months

BENEFITS:

1. I will show you how I do my research and publish books in niches that sell well
2. I will show you the writing companies I use to create high-quality books
3. I will show you how to design the book cover yourself if you're creative and good with design
4. I will show you simple and effective marketing tricks that will ensure every book gives you money each month.
5. Even though Audiobook publishing via ACX is limited to people living in the US, UK and Canada. I will show you how you can bypass this restriction and earn royalties from Audiobooks while living in Nigeria

and much, much more

This is in addition to all the benefits you'll get from the below Ebook.


REQUIREMENTS FOR MENTORSHIP
1. You need access to a computer (preferably a personal laptop)
2. You need access to internet (so you can join in skype/facebook video calls). I can also communicate via email if that's your preference


ALTERNATIVELY

If you can't afford mentorship with me, I have a simple 40+ page pdf booklet that summarises the key strategies I used to scale up my Kindle publishing business from 0 to $10k within 2 years. This booklet is tailored to people who already understand the basics of Kindle publishing. That being said, absolute beginners can pick up a few strategies that will help them set up their publishing business the right way

The book retails at N20,000

In this book, you'll discover the strategies I used to:

1. Dominate niches that I found to be very profitable (become the Dangote of your niche)
2. Maximize the royalties I earned from each Kindle and paperback book (plenty of people leave a lot of money on the table because they don't optimize this. I show you how to do it properly)
3. Increase the number of books I had without paying to get more books written
4. Increase the customer lifetime value of my readers by selling to them over and over again - instead of once (there are plenty of ways to achieve this!)
5. Maximize my earnings from page reads - Earning over $4500 in 2 years from page reads alone (a lot of people don't know about this LEGITIMATE strategy, I've only seen a handful of people implement it)
6. Launch multiple books that went on to earn more than $300 per month each (and still continue to do so consistently)

and much, much more!

Shoot me an email if you're interested in either the mentorship or the book and I'll give you the payment details.

In addition, my mentorship program is available at a 60% discount price of N100,000 (one-time fee) to people who purchase the book.

More details about the book can be found here: https://michaelezeanaka.com/kindle-direct-publishing-blueprint/

If you're interested in a copy, shoot me an email

To Your success,

Michael

Email: obinnaezeanaka@yahoo.com

Thanks for posting this, please I want to ask you few questions on eBook formatting for KDP:
(1) When you have images in the text, does KDP accept manuscript with text wrapped around the image or just the image only occupying a space?
(2) Do you upload the formatted manuscript in word .doc, .docx, epub or mobile?
Thanks in anticipation.

generationz:
hmmmm
I just learnt a marketing strategy from you kudos


So do you mean if I'm able to pay 20k for the book all I will be paying for my mentorship is 100k?

Yes.

Why Is There So Much Money In Audiobooks?

Well, for starters, not a lot of people are currently doing it so competition is VERY LITTLE compared to Kindle/Paperback.

and..

The $75 bounty!

As an incentive for you to promote Amazon's Audible membership program Amazon will pay you $75 bounty - on top of your royalties - if your audiobook is purchased by a new subscriber via your link (provided by acx).

If you are active in promoting the Audible version of your book these bounties can easily end up generating more income than the audiobook royalties themselves! Once the Audible version of your book is published you will be able to send people directly to the Audible version page on Amazon where they will have the option to either get it for free by signing up for the Audible trial or to buy it at full price.

You can easily promote these links:

- On your website
- Within your books
- To your email list etc.

The sky is literally the limit

Femolacaster:

Thanks for posting this, please I want to ask you few questions on eBook formatting for KDP:
(1) When you have images in the text, does KDP accept manuscript with text wrapped around the image or just the image only occupying a space?
(2) Do you upload the formatted manuscript in word .doc, .docx, epub or mobile?
Thanks in anticipation.

To your question..
1. I've only tried the later i.e. image only occupying a space. This was accepted. Can't speak for wrapping text around the image as I've never tried that b4.
2. You can upload the formatted manuscript in word .doc, .docx, epub or mobi

How do Nigerians register on acx to publish audio books because this is open to US,UK, Ireland and Canada residents who have their TIN number or its equivalent.
Unless there's a hidden method, it's not possible to make money through audiobook sales in Nigeria. You can make through ebooks and paperbacks but even at that, to get such amount from books alone is hard. I am an author with several books there. $1000-2000 monthly is realistic but takes time, effort plus plenty books. if there's a way for Nigerians to publish audiobooks, im interested but from your profile, you are in London.

kikyjasmine:
How do Nigerians register on acx to publish audio books because this is open to US,UK, Ireland and Canada residents who have their TIN number or its equivalent.
Unless there's a hidden method, it's not possible to make money through audiobook sales in Nigeria. You can make through ebooks and paperbacks but even at that, to get such amount from books alone is hard. I am an author with several books there. $1000-2000 monthly is realistic but takes time, effort plus plenty books. if there's a way for Nigerians to publish audiobooks, im interested but from your profile, you are in London.

There's a way to do it. It'll cost money to set up but there's definitely a way to do it LEGITIMATELY.

With regards to your other comments, you're quite right. It takes consistent effort to get to $1000-$2000 per month. You need to publish in high demand keywords with not too much competition..sounds cliche but that's the key. It gets even better when you can run AMS ads to your book

That being said, Audiobook publishing is the new gold rush.

Finally, yes I'm in London but i've mentored students in Nigeria and USA before (Via Skype, Facebook, Whatsapp etc). I usually do a video screenshare and show them the process I follow when conducting keyword research

I've sent you a pm.

kikyjasmine:
I've sent you a pm.

I've replied.

Please, note that I've updated the book to include details of how anyone can bypass the ACX restriction. However, the book does not contain information on how to do Audiobook publishing (how to hire the best narrators, what to pay, niches to publish in, pricing strategy etc.) - it just tells you how to bypass the restriction.

Once you have this information, you then have to make a decision whether it's something worth pursuing as there are associated costs.

Hope that helps.

My KDP Dashboard as of this morning (from Feb 18, 2019 - Mar 20, 2019). For Kindle and Paperback sales only

March has been a bit slower than February so far.

Royalty from ebook, paperback and KENP for that period is roughly between $4800 - $5000

I'm still on target to exceed $8000 in total royalty for this month (i.e. kindle, paperback, KENP and Audiobook combined)

My goal for this year is to hit $20,000/month so I need atleast 20 books each bringing in $1000/month. It's not impossible as I have a few books doing that already. In addition, i have plenty of books currently in the pipeline and once those are published, it should help boost my earning.

Note that Q4 (October, Nov, Dec) is usually the biggest month for e-commerce based businesses because of Christmas, Halloween etc. So I'm fairly confident I'll hit that goal by December.

Endeavour to get your books out by then to take advantage of that boost in earnings as people buy gifts (books) for their loved ones

Tips for the day

Having the KDP rocket software might be useful. For those going into marriage/relationship niches, be careful how you do it. There's plenty of money to be made but there are also LOTS of competition there - you need to be smart how you position your book if you want to stand out and be visible

below is a screenshot of the result from KDP Rocket. You can see the average monthly earnings and number of competitors etc. This tool is one way to go about keyword research and it will help you quicken the research process

Earlier today, I crossed the 10,000 mark in Audiobooks sold to date

More proof for those who think this whole business is a scam. It's real

This was done with 43 audiobooks

Free info below

naijajobx:
Free info below

Please kindly create your own thread.

HeliosHay:


To your question..
1. I've only tried the later i.e. image only occupying a space. This was accepted. Can't speak for wrapping text around the image as I've never tried that b4.
2. You can upload the formatted manuscript in word .doc, .docx, epub or mobi

Thanks for your reply, I really appreciate. I've been working as a graphic designer (including book cover designs) for a while now, I'm just trying to delve into eBook formatting.

Femolacaster:

Thanks for your reply, I really appreciate. I've been working as a graphic designer (including book cover designs) for a while now, I'm just trying to delve into eBook formatting.

You're welcome. Keep up the hustle

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How To Create A Unique Value Proposition (UVP) In Your Books

Your UVP is a clear statement that describes the benefit of your offer, how you solve your customer's needs and what distinguishes you from the competition. Your unique value proposition should appear prominently on your book description page on Amazon.

How do you craft your UVP?

Look at the best selling books in the niche you're planning to enter. Go through their reviews - especially the 1 and 2 star reviews. See what the customers are complaining most about (I usually make a note of all these issues in a word document). Then produce a book that addresses each of the pain points you identified.

Then find a way to make the customers aware of the benefits your book has. Once your book addresses all of the pain points you identified during your research, it shouldn't be difficult for you to come up with a UVP which will allow you to command a much higher price for your books.

My Results Are Not Magic.

A student of mine (Paschal in Lagos) started on January 31, 2019. I helped him do his keyword research and recommended a ghostwriter to help him write his book (He spent $120 on a high quality 10,000 words book).

The manuscript came back, I helped him design his kindle and paperback cover, formatted his book for him and eventually, the book was published March 16, 2016.

It got 488 free downloads over 5 days and so far has made 2 sales (the free promo ended March 20, and both sales came in on the 21st and 23rd). In addition, the book has accumulated over 630 page reads.

From the way things are going, I think this book will make him atleast $50 in the next 30 days (from kindle, paperback and KENP). And he's running ZERO ads...no ads at all. These all came from organic sales!

N/B - He's also made his first paperback sales (at a royalty of +$4 per sale) but the results haven't yet shown on the KDP dashboard. Will update this screenshot once those results come through.

If he can do it, YOU CAN!

One of the books that changed my life - Rich Dad Poor Dad by Robert Kiyosaki

Understanding money takes time to learn. But it is an investment in your skills and knowledge or your educational wealth. The economy is sure to go through several booms and busts and it is your educational wealth that will preserve or increase your wealth throughout these.

The rich buy assets. The poor buy liabilities. Defining these things simple:

Assets – Something that puts money in your pocket. e.g. A rented property, An increasing stockholding, a book that pays you royalties
Liabilities – Something that takes money out your pocket. e.g. A monthly car fee. A house you live in and pay a mortgage, Netflix/Spotify debit.

Rich people accumulate assets which feed their income (Stocks, books, property they rent out etc.). Poor people accumulate liabilities which feed their expenses (property they live in and pay mortgage, car payment, credit card etc.). If people have this flow wrong (buying liabilities instead of assets) having more earning actually exacerbates the problem, rather than solving it.

What prevents people from becoming rich is less often the salary they make, but rather how they spend that salary (on liabilities rather than assets e.g. more cars, credit cards, more expensive shoes, exotic travels, expensive jewellery etc. all to keep up appearance).

The Rich Cycle

Rich people continually build, buy or create assets. This, in turn, feeds their income, which in turn can be used to re-invest in more assets. The first milestone is to try have enough assets to completely offset liabilities. Then you can continue to add more, diversifying your assets and experimenting with riskier investments.

When we ask what is someone’s wealth, we are measuring their revenue-generating assets vs their liabilities. This is the measure of someone’s financial runway; how many months they could survive before their bank account would hit 0. If you have assets way and above your liabilities, you will have a long runway.

The path to complete financial freedom looks like so:

- Earn a salary so that you can cover expenses
- Build assets that generate income (in addition to your salary) that can support expenses
- Over time, add more assets so that eventually all your expenses can be supported by income from assets. At this stage, you can forgo your salary if you want to (leave job, retire, etc).
- Continually re-invest any extra income into assets so that your income continues to grow above and beyond your expenses and liabilities.

As Robert Kiyosaki says

“To me, one of the primary reasons E’s and S’s have difficulty moving to the B and I side is because they are too afraid of making mistakes.” ― Robert T. Kiyosaki, Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom

After reading that book, I made it a mission to begin accumulating assets by building a massive portfolio of books that continue to pay me royalties. I only put in the effort once to create the book....after that, royalties continue to come

Once the income you earn from your ASSETS (not income from a job) exceed your monthly expenses, you're FINANCIALLY FREE

Make it your mission to accumulate income generating assets

Update As Promised

As promised, below is an updated screenshot of Paschal's (my student in Lagos) results. In 3 days, he's made more than $20 with his newly published book.

Having invested $120 in writing this book, soon he'll break even and EVERY ROYALTY after that will be pure profit. Mind you, he now owns this book for life.

You making all this money like you claim in dollars converted to NGN worth millions, why do you still have time to sell this e-books? Instead of concentrating on your target??

Almyteekd:
You making all this money like you claim in dollars converted to NGN worth millions, why do you still have time to sell this e-books? Instead of concentrating on your target??

I really don't understand why you think its unreasonable for me to sell my mentorship program.

Tony Robbins has a coaching program, Dan Kennedy has a coaching program, Robert Kiyosaki has a coaching program, Tai Lopez has a coaching program, Frank Kern has a coaching program, top online business people all have coaching programs..does that make their core business illegitimate or does that make them fraudulent?

I really don't get that mentality

Yes, I have a successful Amazon Publishing Business. But, why should that stop me from diversifying and having a coaching business as well? I'm basically leveraging the same knowledge, aren't I?

My reason for starting this coaching program is to add another stream of income (no point restricting all my income to one source). Successful people don't have only one income stream, they have many

Coaching people on how to build their own successful Kindle Publishing Business seems like the logical next step for me as it's closely related to what I'm already doing (as opposed to real estate which is an entirely different business).

Besides, this ebook is not my coaching program. It's only a small low ticket item designed to get people started, get them to know me, get them to get good results, get them to trust what I do and, hopefully after reading it, go ahead and purchase my mentorship program which is a lot more expensive and worth my time.

Thats why the ebook is there - to build trust. Robert Kiyosaki has an ebook, doesn't mean thats the major source of his income. Tony Robbins has a book, doesn't mean thats the major source of his income.

If you find it hard to believe then please don't purchase the book - it's not a must. I don't have to justify to you why I do what i do but I just feel the need to do it to clear the air

The book is just there to get people to trust what I do without spending a lot. Once they go through it and believe I can help them, then they can go ahead and work with me as a mentor...its that simple.

It's not free as I don't want freebie seekers. People who want to be successful but aren't willing to invest anything. There's no such thing as something for nothing.

My success came as a result of hardwork, smartwork and having the courage to invest in my self-development. I want people who are like that

I've been transparent, my results speak for themselves. If you still choose not to believe that's fine. I'm not here to please everybody.

No matter what I do or say there'll always be naysayers

Traffic Source

They say the world is now a global village and the internet is the village square. If your business doesn't have an online presence, you're leaving a lot of potential exposure (and money) on the table. Having a business website is a must in this digital age. It allows you to connect with customers all over the world - people you otherwise wouldn't have connected with prior to the internet age.

Most online business people who have an online presence complain of not getting enough traffic to their website, Instagram page, Facebook page etc. It's a problem I'm also familiar with and one of the ways I've managed to solve that problem is through an eBook.

What do I mean by that?

Do you know you can leverage the Amazon platform as a free traffic source for your business? yes, you can.

Let's say your business is all about helping people with SEO website optimization. All you have to do is write a short book educating people on the subject of SEO, it's merits and give some tips on how they optimize their website using SEO. At the end of the book, you then present a link directing them to your website, Facebook page, Upwork profile etc. for them to reach out to you should they require your SEO services.

Likewise, if your business is in say, weight loss, make up etc. you tailor the content of your book to suit the services you offer.

After your book is published, you set the price to $0.00 (i.e. FREE) so that you can get as many potential clients to download the book, read it, get to know your business and potentially reach out to you for help.

If you can, use this strategy to take your business to the next level. If you are a freelancer and have a fiverr or upwork profile, all the better as the link can direct clients straight to your profile so they can order a gig.

If you are a real estate agent and you have a free book on real estate, who knows..you just might get a client that'll purchase a house through you. The link in the book will drive clients to your website page.

Do you upload a formatted manuscript in .doc, .docx, epub or mobile format? Can you also say how you are editing your text?

I edit in word and upload in .doc or .docx (occassionally do epub).

Niiiice

You can also add to that and make $100-$200 extra from publishing contents to your own personal website.
You can get your own professional website/blog with Google Adsense for as low as 1k-7k
No down payment required.

Whatsapp or call me : 09051095131