- Making Money Self Publishing on Amazon KDP isn't as easy
as some people would have you believe.
That's why I thought I would share three very practical
and realistic tips
for Making Money Self Publishing on Amazon KDP.
Stay tuned.
Hey, just a quick heads up.
Today's video is sponsored by Fiverr.
I'm gonna give you a little bit more details about them.
And also the "2020 Finish Strong challenge,"
you can get more details in the description down below
or visit dalelinks.com/challenge
Let's get right into it.
Come on, now, it's three tips
for Making Money Self Publishing on Amazon KDP.
Let's start out with number one.
Folks, it's not always about book sales.
And I know that if you're the type of person
that you're writing and publishing
for the sake of the craft,
then kudos to you.
But some of us do have some
of those pesky things we have to cover.
They're called bills.
I mean, for some reason,
you actually have to take care of those.
So really trying to go all in
with publishing is a good idea.
I commend you if you are publishing eBooks, Print books,
and Audiobooks.
If you aren't already doing that,
then diversify what you're doing by adding all three
of those iterations that you can.
Next, expand your offerings to beyond just the books.
I want you to think about any type of products
that closely align with your readership and your followers.
And that can be done through things
like affiliate marketing programs.
Affiliate Marketing Programs work in this way,
that you like a product,
you get a hold of the company,
they will give you a certain percentage of sales
for the traffic that you send over towards their direction.
Super simple way to find out
if there's affiliate marketing program
for your preferred product,
you can always just type in the preferred product
and affiliate program
and Google go ahead and bring you back all the results
that you need to know.
Now, you can push those affiliate marketing programs
through your publications,
you can do through social media,
you can do with your email newsletter.
The same thing goes for all
of these things I'm gonna mention here.
Just stay with me.
There's also of course creation.
So you can actually do Course Sales.
If you're an expert in something,
which if you've already written and published a book
then I'd be hard pressed to seeing
that you don't have at least some type of skill set
or knowledge you can share with the world.
So that's where you can be able
to create a course of some sort.
There's so many platforms between Thinkific, Teachable,
Kajabi, Gumroad.
Just look around.
See what's gonna work out best for you.
Coaching and Consulting is another way to go ahead
and diversify your income.
Again, there's gonna be some instances
where people wanna learn your skill set and your knowledge.
But they don't wanna be bothered
with going through a course,
they want to get it directly from the horse's mouth.
They wanna hear it right from you.
And that's why they're gonna pay a higher premium
for coaching and consulting with you.
You're gonna hard charge a higher ticket item for something
like this because it's requiring your undivided attention
to help them.
And last but not least,
this one's a little bit more delicate
and a little harder to kind of maintain.
And it is Brand Deals and Sponsorships.
So there's going to be times
where affiliate programs are good,
but you know what's even gooder?
Yeah, I said that.
Go ahead, say something down in the comments.
Try me.
You know what's gooder though? (chuckles).
It's going to be this sponsorship deals,
some companies are willing
to spend just a little bit more money
to get it to where you will speak on their behalf
to your audience.
Great example, of course, is this video sponsored by Fiverr.
I hate to say it, you gotta spend money to make money.
Yeah, yeah, I cringe when I say that.
Anyways, I have to say it though.
But really to get ahead in this game of self publishing,
sometimes you do have to pony up the expenses.
And now, am I telling you to pull out a mortgage
on your house?
Or dip into your kid's college fund?
No, not by any stretch,
I'm just saying that it is a pay to play world.
And the more that you invest, the more likely you are
to have your breakout success.
If you're not investing,
then you're at a greater disadvantage
than those that can do it.
If you are cash strapped.
I totally get it.
I've been there before.
My first couple of years
in the business was really, really, really tough.
So you're gonna need to look into alternatives,
you need to be just a little bit more frugal,
you need to be a little bit more resourceful.
Reach out and find other opportunities.
You can use platforms like StoryOrigin,
where you can do newsletter swaps or group promotions
with other authors that are within your niche.
You can find ways to do marketing and promotion
that doesn't mean you have to spend a lot of money.
Now I know that kind
of contradicts me what I had said before,
but if you do take your time and find other ways
you can promote and market your book,
you may not have to spend very much.
And speaking of not having to spend very much money,
believe it or not our sponsors, Fiverr,
wants to make sure that you don't have
to spend very much money yourself.
When you visit their eBook and Book Publishing Store,
you can get everything from Ghost Writing
to Editing, to Proofreading, to Formatting,
to Book Cover Design and Marketing and Promotion.
And this is a perfect segue leading over
into the "2020 Finish Strong Challenge."
Now, there's gonna be some details
over at dalelinks.com/challenge
where you're going to get the opportunity
to enter for a number of prizes and some nice little perks.
You can also get an additional 10% off your first order
with Fiverr when you use the coupon code, DALE20.
That's all caps.
That's good only for the first 100, first time customers.
Number three, Be Flexible.
No single piece of advice
in the world of self publishing is one size fits all.
I think that a lot of people might think
that it's a good idea to,
"oh, I'm gonna go ahead and do everything Dale says
"and only listen to Dale."
Hmm, that's where you're gonna probably get it wrong,
because I know quite a bit of what has made me successful
and some other people successful.
But that doesn't necessarily equate to your success.
So this is where you're going to need to be flexible,
you're going to need to become a student of the game.
Study from people like Mark Dawson, Joanna Penn, Bryan Cohen
any number of authors who are currently walking the path
that you would like to walk upon as well.
And the issue is,
when it comes down to it,
it is your book publishing business,
it's going to be up to you on how you take action.
And sometimes that action is going
to have a positive response.
And other times it's gonna have a negative response.
And that's where you're gonna need to be flexible
and somewhat self aware and say,
"You know what?
"I'm gonna try something a little bit different."
You're gonna need to make sure you're consistent
about what you do, track the results, see what works,
do it more and whatever doesn't work,
make sure you don't do it again.
Hey, I got five reasons
why you're wasting money self publishing on Amazon KDP
and it's this very next video right here.
You wanna go ahead and take a look at that
because we're gonna be making money,
no sense wasting it.
And if you already saw that video,
you can check out this one right here.
YouTube says you should look at it.
They think it's great for you.
So I'll see you in either one.