You might be wondering if it's still easy to do self publishing your book on Kindle in 2020. Read onto know the secrets and if any rules have changed so far.
Today's question has three answers and the third answer is a secret you're going to want to stick around for. Because it will explain how you can 10 times increase your results with Kindle in 2020.
Let's get into it. The question that was sent into me today was, is self publishing on Kindle worth it in 2020? Now, this is an excellent question.
Because as everyone knows or maybe they don't, the golden age of Kindle Publishing was maybe 2010 to 2015. There was a time where virtually any book that you would put out onto the market would sell.
And it would sell a lot of copies. So if you were lucky enough to get in the very early days, the ability to earn was very easy. You didn't need much more than just throw some books out there on whatever subject or whatever in the early days.
Because there were so few books to compete with, it was very easy then. But now in 2020, maybe the rules have changed. In such that, it is no longer worth your time and effort to publish on Kindle.
This is a very common question. But before we get into the answers, check out my free Self-Publishing Checklist. So, is self publishing on Kindle worth it in 2020?.
Let's start with my personal story. When I started publishing back in 2015, I read a book or two that was covering exactly how to go about self-publishing.
I put the book out there. I followed all the rules that I was aware of at the time of how to go about marketing. Trying to get the book to sell, all of the little tricks that are necessary.
Check out this related article: Do Self Published Books Sell?
The result was I did not make very many sales. Because I simply wasn't doing the right things to get it to sell. It was really funny because in 2015 I also heard people ask the question.
In some of the podcasts I was listening to at the time, the question was, is the golden age of Kindle already over? That now there's no way to make money doing Kindle books.
I thought "Wow! maybe I missed my opportunity" 2012 would have been a much better time to have started. But now here I am in 2015, I may have already missed the boat on Kindle Publishing.
Fortunately for me, that was complete nonsense. It is true that would have been easier if I had started years earlier. But then again with almost anything.
Whether you're going to plant a tree. The best time to do it has been 20 years ago. But the second-best time is today and getting started immediately really would make a difference.
So I put out my first book but and after a year of trying and struggling a bit, I saw that it was very very difficult to get regular income coming in.
Until I took some courses and suddenly learned some key tricks to the entire game. That has changed the way it all is played.
Follow The Correct Scheme
Even today I still use some of the very tricks, skills, and all sorts of tactics that I learned back then in the 2016-2017 time frame. 2016 was when I started discovering a lot of the key tactics which already work.
They continue to work out too today in 2020. For me, I have found it to be worth it. So is self publishing on Kindle worth it in 2020? Well, the answer is yes it is still the easiest way to make money online.
You can take books that you've written. You can pay other people to write books or even essays you've written. You can put them together and that's number two, it can be done for free.
You can put them together into a small easy package. You can create covers for free with Canva. It doesn't have to cost you anything, you can put those books out there.
Check out this related article: Is Self Publishing Amazon Kindle Worth It?
You can get reviews on those books from friends, family, or people who are not related to you. Using email lists and all sorts of little tricks there.
But the thing is that you will be able to get those books to sell assuming you're following the correct tricks.
But if you want to 10x your results because I was almost ready to give up in 2016, until I came across some tactics and strategies that I hadn't been implementing.
I'd also been isolating myself from the self-publishing community at the time. I wasn't even aware of the fact that there were people sitting around all day.
Focusing on one thing which is, how do I get my books to sell more? And how do I get books in the first place? Write books or pay people to write books for me that will sell more copies?
So the first thing is if you're going to make more money, you're going to need to invest in some tools. I use Fiverr for my cover. That's a link to the designer that I use for $20. You can get an amazing cover.
I use Jutoh for my formatting. I use Kindle Spy to figure out whether a book's going to be profitable or not in particular niches.
I use Publisher Rocket when I'm going to take my books, I'm going to run ads against them. To find out which keywords I should be using. That's a few of the tools I use and I have other tools as well.
Focus On One Thing At A Time
But those are just some of the basic ones. For getting my books onto the market. Ensuring they're going to make me money.
The other thing is taking courses. I am finishing up, working a course on doing marketing. So it's content marketing for your books. I'm almost finished with that course and I'll be releasing that shortly.
You also can take other courses that people offer on the subject. I'm not even arguing which courses you should take. Because there's an awful lot of courses.
Some of them are overpriced at like $2,000 a piece. I probably wouldn't go that route. But if you can get a course for about $50 to $100 it's probably worth the investment to do it.
If other people have taken, it can vouch that the course is going to be good. The other thing is finding communities. Many of the communities are build around self-publishing.
It is where they discuss all day and everyday strategies. I would not get into communities where everybody's just promoting ebooks to each other. But in general, many of the communities online are just fantastic.
Whether you're on YouTube or Facebook, those are probably the easiest places to start when you're trying to find a community to help you with your self-publishing.
The final thing to 10x your results is going beyond just Kindle. You don't want to just stay with Amazon Kindle. You should be using KDP Print to get your paper books out.
Check out this related article: What Is The Best Site For Self Publishing?
You should be pulling them over to ACX and Audible to get your Audiobooks produced. For hardback, you should be going to Lulu for even greater extended distribution.
You should be going on to IngramSpark also. But don't make it too complicated. Start with one thing at a time.
If you don't even have your Kindle book out, well, don't even bother to try the other stuff. We just focus on one thing at a time.
Once you've got your Kindle books on the market, then we can move on to the next step. But first, just get the Kindle books on the market.
So, is self publishing on Kindle worth it in 2020? What have you found? Have you found that you've been able to make money off of your books? If so, let me know below in the comments.
I always respond. I would really love to hear what exactly you found and check out my other blogs and videos that will answer your self-publishing questions.