Fri, 13 February 2015
The supposed gold rush has come to a close. Gone are the days where you could use your KDP Select free promotion to makes tens of thousands of dollars. Some authors exploited the Amazon algorithm or the customer review system to net a boatload of cash from 2010 on. The loopholes are closing and the number of books is swelling. Authors who want to earn a living from their books in the next five years will need to worry less about formulas and more about good old-fashioned hard work.
If you’re looking to make six-figures a year from your time as an indie author, then you should prepare to work 80-100 hours a week for the next few years. That being said, it’s possible for authors to earn supplementary income by combining daily writing, effective marketing, and targeted networking. Unless you have a massive breakthrough, 15-30 hours a week of work won’t net you a big payday, but you should be able to creep into the four-figure per month club by the end of a calendar year.
This four-part article goes over all the steps you’ll need to take to reach your goal of $1,000 per month. It assumes that you have all the fundamentals in place: professional-looking covers, a well-edited series of books, captivating blurbs, a website, and a mailing list. The following tips are unlikely to help if you don’t already have a solid foundation. Take the free Selling the First 100 Copies of Your Book course on the Author Marketing Academy and follow all the steps within to hit the bare minimum level for starting this process.
Once you’ve got your ducks in a row, make sure that you’ve secured 15 to 30 hours per week in your schedule for the entire year. This is non-negotiable. You can’t expect to take a few weeks or months off in the middle of the year and maintain the momentum you’ll need to build your business. Block out the time to take action, or you’re unlikely to reach your income goal.
With your schedule and a firm understanding of how to deliver a professional book in pace, here is a 12-month overview of what it’ll take to earn $1,000 from your monthly self-publishing sales.