Now that the golden age of Amazon has ended, is it still worth self-publishing through Amazon this year? Find out how to make money with Kindle Publishing on Amazon in 2020.
Today's issue has three points that we are going to hit. You're going to want to stick around because the third point is a secret as to exactly how just in case learning can completely destroy your ability to make money with Kindle Publishing.
Now, let's get into it. The issue that was sent in today was, how to make money with Kindle Publishing on Amazon in 2020. Everybody knows that if we go backward in time to around 2010 to 2015, we were in a golden age where almost anything that was put out on Amazon Kindle was making a ton of sales.
But then what happened was the market started to get flooded with books. This is something that a lot of people became discouraged. I remember seeing people who had been in the market who had just discovered they could put anything on the market.
They were making great sales and suddenly it evaporated because there was too much competition for many people to succeed. Maybe it isn't possible in 2020 to make sales on or make money with Kindle Publishing on Amazon.
Check out this related article: Self Publish Kindle Make Money?
Well, I'm here to tell you that it is still definitely possible. It's not only possible, it's almost inevitable if we follow the correct steps at doing it. That is what I'm going to answer today.
But before we get into the answers, check out my free Self-Publishing Checklist to make sure you're not skipping the steps that will help you make money with Amazon Kindle.
So, how to make money with Kindle Publishing on Amazon in 2020. Let's get into it. When I first started, it was 2015 and I was already told even back then that the golden age of Amazon was already over. I was just jumping in way too late.
Discover The Tricks
It wouldn't be possible to sell tens of thousands of copies of books. Well, that was completely incorrect because it is true that you couldn't throw garbage onto Amazon Kindle and still make money. Just like what people have been doing in the past.
But you could if you optimize the books and produce high-quality books that people wanted to read. You could still get them to sell a lot of copies if you were doing the steps correctly. I began to learn over some time that there is a series of steps you need to do to optimize the book.
To ensure that you're writing a book that people want to read. There is already an audience out there and we can pull those people into our nonfiction books. To start getting them to buy and not only buy but buy more and more books from us.
There was a series of tricks that were very very important that I discovered during this period to go about doing that. So, how to make money with Kindle Publishing on Amazon in 2020.
The first thing is that the most important thing is just to get started today. Kind of like the old saying, when is the best time to plant a tree? The answer would be an apple tree, it would be 20 years ago.
Check out this related article: When To Self Publish?
The next best time would be today, that is the best thing. I would just say get started today and you don't need to have a perfect book with Amazon Kindle. You can put it onto the market and you will be able to take what you've put on that market.
You are going to optimize over time and that is a very important point that you should remember when you're doing Amazon Kindle. That's one of the things that is really nice about it.
If you go with traditional publishers, you may not be able to improve the quality of the books that you are putting out there. Because things can be frozen and you have to get permissions and stuff. But with the Amazon Kindle, you are free to change the title, change all sorts of stuff that you have.
Time Is The Most Valuable Resource
About your books, they don't have to be perfect. Your cover and all of these things don't have to be perfect. We can improve them as we're making sales, use the money to reinvest and improve over time.
The second thing is making sure you're not skipping any of the important steps. This is the reason why I put together the checklist, to make sure that you understand which steps are key to making money in 2020. Because some things have changed.
It's gotten a lot more competitive but the markets are still completely doable to find markets where you can make money. So, there is no reason at all to not jump in and start going from there.
The secret answer of the day is that you just in time learning is the key to winning. The idea of just in time, if you're learning all sorts of stuff and taking lots of courses but you are not implementing what you're learning.
Then just in case at a later point you might need that, the problem is it will use up all of your time. Your time is the most valuable resource that you have. Whereas, just in time learning means as we're ready to find a new cover or other ways to optimize our book.
We will then expand to that area and be able to go from there. You need to make sure that 50% of your time is being used to create new content. That is something that is very very important so that you do not find yourself learning but not implementing it.
If you find yourself doing that, you need to stop learning altogether and just start doing something. So, how to make money with Kindle Publishing on Amazon in 2020. What have you found?
Have there been special tricks or tips that you might have with regards to making money in 2020? Let me know below in the comments. Check out my other blogs and videos for more answers to your self-publishing questions.