How much money can you make self publishing on Amazon

A Contemporary Way of Earning a Passive Income

how much money can you make self publishing on amazon has changed the dynamics of the publishing industry from a traditional to a personal one.

Amazon is a forum that is becoming popular among users to publish their books without the involvement of any traditional publishing house. It is an easy way to navigate the publishing process as well as royalties or payments for the authors. Having said that it isn’t as easy as it sounds because the answer to the question of how much money can you make self publishing on amazon depends on the author, genre, format of the book, how many copies are for sale, and marketing strategy that has been employed.  The following factors play a role in deciding how much money can you make self publishing on amazon.

Different Royalty rates for different formats of the book.

1. For example, eBooks have two available royalty rates, i.e., 35% for the ebooks, which are priced below $ 2.99, while the royalty is 70 % for the books priced at at least $2.99. Secondly, the price for ebooks must be kept 20% lower than that of the physical book which too is listed on Amazon. Thirdly, Amazon requires you to publish your book to an international audience; you will not be eligible for a 70% royalty if you limit the outreach of your book to certain areas. Lastly, a 70% royalty rate is available only in some of the regions.   
2. Paperback royalty rates are different. Through the distribution channel run by Amazon, 60% royalty is offered by KDP. If you opt for expanded distribution, a lower royalty rate is offered i.e. 40%.   

Availability of Books in Different Forms

Make sure your book is available in all forms like paperback, hardback, and audiobook as it boosts sales of your book.

Frequently Authoring Books

Secondly, publishing books more often also increases income as Amazon’s algorithm favors those authors who are active and publish books quite often by suggesting their books automatically. Being the author of more books enables more visibility as Amazon will have more products to suggest and for readers to come across. Thirdly, if your first book hits more audience, they will be looking forward to reading your upcoming books.

More Money in Series

Series hit larger audiences and also keep the audience pinned on the upcoming series of the book. Different writing techniques like cliffhangers make the audience anxiously waiting for the next series hence ensuring its sale even before you drop it. Also, the audience develops an association with the characters so much so that they want to know what next happens to them. The readers also end up recommending the books in their social circles boosting sales and income.

Also Read: Digital Triumph: Why Social Media is Crucial for Business Success

Some Tricks and Techniques to Boost Fanbase for Income Generation

1. Leaving cliffhangers in your endings to make your readers pine for the upcoming series.
2. The second way could be selling the series of books in one box instead of one at a time.
3. Marketing on social media handles also boosts sales by keeping the audience updated on new releases.
4. Hosting book launches, readings, and similar events.
5. Celebrating bookiversaries on social media handles
6. Offering discounts and special offers to promote
7. Engage the audience through social media posts, encouraging competition in writing through the page of your book.

Sefl-Publishing is Free and Easy

 how much money can you make self publishing on Amazon Here’s also depends on the factor that KDP is free as well as easy as it doesn’t involve any middleman, hassle, or cost.

Available feature for Print-On-Demand

how much money can you make self publishing on amazon also depends on this feature which helps the author reduce initial costs for bulk prints by printing the books only when they are requested by the customers.

Hence, through proper planning and strategizing you can increase the prospects of how much money can you make self publishing on amazon.