On My Way to $1 Million!

Regular readers of this blog will know that I started it back in September 2012 with the intention of charting my progress to my $1 Million goal. Over that time, I have spoken frankly about the ups and downs, the disappointments along the way and have reported my successes too.

Most recently, I reported (see here) that I have finally cracked how to sell ebooks on Kindle. Well, it has been a few months now and I have been very busy so I thought you might like to see how I am doing. So, here are my sales for the last 90 days …

Kindle Sales 2015

The blue graph shows downloads (for which you get paid a share of the Kindle pot reserved for that purpose) and the red graph shows sales. Not at all bad eh?

Now, the Kindle reports do not show the earnings from the downloads because it is calculated on a monthly basis at the end of each month, rather than as you go. But Kindle reports do show the value of the sales (the red graph) so here is what I earned in the last 90 days just from sales …

Kindle Sales

As you can see, I sold books in the USA, UK, German, French, Dutch and Canadian marketplaces and those sales combine to give me a total of …

288.64 USD + 48.91 GBP + 11.15 EUR + 11.18 EUR + 5.59 EUR + 5.59 EUR = 401.81 USD

As I said, the above figures do not include downloads and there were actually 88 in the last 90 days (the blue graph) so (working on approximately another $1.50 per download) there should be about another 132 USD to be added to the above, so my total for the last 90 days will be approximately …

401.81 USD + 132 USD = 533.81 USD

When I last posted my results (see here) I had earned 121.10 USD so, as you can see, I have now done quite a lot better. And the best part is that the income is residual so that, as I add more and more books to my portfolio, I will also be gradually building my passive income.

Of course, it is a long way to go to achieve my goal. But – hey – I AM finally on the way!

By the way, tf you want to learn how I am actually doing this, see this page.

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Kindle: Selling eBooks the Easy Way!

For the past month, or so, I have been focussing a lot more on the Kindle platform and I am pleased to report some success. This is still early days for me, but just to show you how I am doing, here are my stats for the last 30 days …

My Kindle Stats Nov 2014

All of the red dots are sales and the blue dots are downloads. You get paid either 35% or 70% royalties (depending on how you price your books) on every sale and you also get paid a smaller amount for every download, provided you allow your book into the Kindle Select program. The amount you get paid for downloads is not a fixed amount so it is not shown on the Kindle report below, but it usually amounts to somewhere between $1.50 and $2 per download.

Anyway, just to show you my income report for the past 30 days, here it is …

Kindle Sales Nov 2014

As you can see, I made sales in the US, UK, German and Canadian Amazon sites. Converting all of that to USD, the amount is:

69.74 + 15.76 + 6.96 + 6.14 = $98.60

Now that figure does not include the downloads and, from the above stats, I can see that I got 15 of them. Even working on the lower download amount ($1.50) that is at least an additional $22.50 so the total amount earned over the last 30 days is:

$98.60 + 22.50 = $121.10

You might be thinking that is not a lot of money but the good thing about it is that amount should be, roughly, the amount I will continue to earn every month from the effort I have put into writing for Kindle, so far. Of course, I will not leave things there. As I intend to gradually build a solid income from Kindle, I will be continuing to find profitable niches and writing Kindle books for those audiences.

Selling ebooks on Amazon is a lot easier than you might imagine for two very good reasons. Firstly, when a visitor initially finds your site on Google, they almost certainly have no intention of buying anything. But when a visitor finds your book on Amazon, it is an entirely different thing because the whole reason they are searching on Amazon is that they DO want to buy something. Secondly, Amazon do all of the marketing for you. So you don’t have to do any of the normal lead capture/autoresponder stuff you may be familiar with. Amazon actually promote your stuff and, if it sells, they actually move your product UP their rankings … not a bit like Google eh?

Of course it does not mean you can write anything and get it to sell. You need to do your market research and choose your subject well, but,as you can see from my early results, there is absolutely  no reason why you cannot succeed using this approach.

If you want to learn how I do my market research and choose my subjects, take a look here.

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