How to Make Money with Amazon Kindle
Is it a good way to make money with Amazon Kindle? Kindle publishing is one of the best kept money making secrets on the Internet. Not many people like to talk about it, probably because writing is not for everybody. But if you happen to be a passionate and skilled writer, you might consider making some serious money with Amazon Kindle. Some average writers are routinely making few k every month, new writers making a few hundred bucks within days are not uncommon. According to Amazon, eBooks are outselling hardbacks by 2 to 1, would you jump into this arena of self publishing?
First, let’s see how much you can earn. There are 2 royalty options, i.e. 35% and 70%. 70% commission option is only available for customers in the following countries: Andorra, Austria, Belgium, Canada, France, Great Britain, Guernsey, Germany, Italy, Isle of Man, Jersey, Lichtenstein, Luxembourg, Monaco, San Marino, Switzerland, Spain, United States, and Vatican City. In order to be eligible for the 70% option, your ebook price must be between $2.99 and $9.99. Anything priced over $10.00 pays out a 35% commission.
Payments are issued when you have a positive balance of $10/£10/€10 or more for EFT, or $100/£100/€100 or more for check payments. One turn off from a publisher point of view is that Kindle will pay sixty days following the end of the calendar month during which applicable sales occur.
So now you are ok with the payout structure and schedule, how do you begin? It is worth thinking about the type of ebook you want to write. Here are the most popular ebook genres, in descending order: thrillers and mystery, contemporary fiction, romance, science fiction and fantasy, biographies and memoirs, historical fiction/war, humour and classics.
Many people prefer to write their ebooks on Microsoft Word and then save the file in html or doc format. The only problem is that when you upload your file to Kindle, lots of junk formatting gets brought over. In order to format your file correctly, you should convert your file to .mobi using Calibre, which is a free and open source ebook management software.
Next, you want your ebook stand out from the shelf, you need a good looking ebook cover. If you are no designer, many freelance Fiverr graphic designers would glad to help you out for a mere 5 dollars. Of course, the more you pay, the better quality you get.
What about Kindle Singles? Kindle Singles are high quality, fresh, original, well executed works in all genres and subjects. Each ebook must have a length of 5000 to 30000 words with a list price of $0.99 to $4.99. When the titles are accepted, the authors can choose the 70% commission option even when the list price is below $2.99. Each submission must be sent via email to the Kindle editors.
So, if writing is your thing, and you are interested in self publishing, give Amazon Kindle a shot. Remember though, when you submit your content, you are not dealing with bots, you are dealing with experienced human editors. Your content better be original, not some public domain content, or PLR stuff. Have fun!