If I were designing a book cover, it would set out with intention that it may one day become an Amazon bestseller.
It would also be helpful to discover how to leverage Amazon’s 400 million customers to make a full time income while working part time publishing Kindle books and position yourself as an expert in your field.
I’m just going to touch on the multibillion dollar Kindle opportunity just as a refresher. A little bit about how I got into Kindle publishing and a couple of case studies. Now these case studies are important because, these are two books I use this system on and I want to show you the success I have with those books. Because I want you to be able to see how you can have the same success if you follow these steps I’ve made it as systematic as I can. I can assure you it involves much more than just the book cover.
The North American self published book market is significant, if not huge. The 2010 book sales were 1.2 billion which is not too shabby. In just two years that went up to 4.3 billion. By 2016, it’s going to jump up to 10.9 billion so it’s growing really rapidly. That’s just North America you have the whole rest of the world too and there is some great ways of getting e-book translated cheaply. If it’s selling well in English, you can test foreign markets. You are not limited just to the $10 billion market in North America, you’ve actually got the whole world that you can get your book out to.
If not the ultimate online business, certainly one of them because it costs nothing to get started. Once your book is formatted and the you finish designing a book cover, you make 70% profit on sales. This is a big one; Amazon takes care of the backend for you. If you have not already got books up and running of course Amazon takes all the sales does all the card precision you don’t have to worry about paper or cards. You don’t have to worry about refunds or anything like that all done for you. If you get your book to a certain tipping point which we are going to talk about. I’ll show you how to do that, Amazon markets your book for you. Now that is huge, huge, huge.
Layout your manuscript, finish designing a book cover, and you can be published and selling in less than 24 hours. To put that in perspective, my last book which I published at the end of March was for me hitting the button to publish the book going live making sales on Amazon was less than 12 hours. It’s an amazing way to start an online business. Some simple math for you, because I want to put this in perspective. Here is the example where you sell just 10 copies a day of a $4.99 book which is about the sweet spot for Kindle Book. You are getting 70% royalties. Now if you think 10 copies a day sounds like a lot, it isn’t. A book that’s signed a number of copies is going to be around 15,000 on Amazon.
It’s a book cover that looks okay but by no means great it’s very, very achievable. That’s going to give you $35 a day or over $1,000 a month which of course round that for a year and you are looking at 12 and a half thousand dollars a year from one book doing 10 copies a day. Then if you scale it, you start putting more books out there. Six months later, 12 months you have five books out there. You are doing $5,000 a month which of course is $62,000 a year. You get the idea, you can see how you can scale that once you know the system and that’s what I’m going to teach you today. Okay, and I know some of you are a kind of in the experts especially where you got stuff where you want to teach.
Of course having a solid book cover design is a great way to build credibility and establish your expertise in whatever your area is. Of course that’s on top of your royalties it allows you to build an email list of buyers because you can have an opt in link in your book. Where you have some ethical bribe that gets people to opt into your list. You build a relationship with a list and then you get to sell your products or services or coaching or whatever it may be to that list. Who already know you as an expert for your book so very, very powerful if you are an expert and you want to build any back hand.
For more information on designing a book cover, click here.