Passive Income: I Sold Blank Books On Amazon, here's how...

people are making thousands of dollars each month in passive income by selling blank books on Amazon I received four thousand three hundred thirty three dollars in royalties I am generating a decent income every single month that is doing the 78 000 a month on Amazon KDP but is this too good to be true today I want to put this to the test by making and selling my own low content book and I'm setting myself three rules one I'm not allowed to write a single sentence in the book two I have to do it all from my laptop and three I need to finish it in less than an hour the first thing on my plan is to find an easy to use software so I'm just going to log into book bolt as it appears to be the most straightforward for someone like me with no computer design skills right so now we need to decide what kind of book we want to sell there are lots of different low content books such as notebooks journals and Diaries but instead of just guessing I'm going to use book bolts research tab to find out what's actually popular after searching products and keywords it seems like planners sell very well obviously I've set myself a bit of a challenge to do this as quickly as possible however you can spend as much time as you like to research and find gaps in the market to dominate this should do well all year round as it isn't seasonal like a 2023 new year's planner for example and won't become outdated there's a lot of other Evergreen book options too such as a manifestation prayer and dream journals it's probably a smart idea to make sure the book you sell has a high search volume low competition and high monthly sales saying this there are a lot of competing products when it comes to selling planners but I know from my many years in business that high competition in the market doesn't necessarily mean that you can't make sales it might cost us a few sales initially because we don't have the trust and sales history that others do but once we get the ball rolling then we're in business because obviously there's a massive Market next let's make the cover I'm going to name my project daily planner to keep it simple I'm going to use standard 6x9 paperback size and keep the bleed option on for the best result since it's a yearly planner I'll make it 365 pages long if you're making a different kind of book it may be best to keep it shorter around 100 pages to reduce printing costs and improve your profits as you can see we've got two sides the right hand side is the front cover and the left hand side is the back now we've got to add some personality to this front cover if you're doing this as well make sure to avoid copyrighted photos as you aren't allowed to legally use these by clicking on this picture icon it actually brings up pixabay which has thousands of copyright and royalty-free images that we can use on our cover I'll be honest instead of using a fancy photo I feel like going for a black minimalistic feel with my journal so I'm going to drag this dark background to fit the cover I'm either going to expand it over the edges a bit to make sure it prints correctly because the last thing we want is a load of refunds so further promote sales it's a good idea to create a brand for these books this way if one book sells well customers May recognize the brand and purchase the others I'll use the brand I've already created for my podcast strike it big so I'll write my head in and I think I think it could do a bit of imagery to bring it to life let's see what we can find on pixabay oh this is quite nice let's drag this in and see how it looks obviously there's not much personality on this cover but I'm on a time limit so you get the idea I'm sure you could probably make it look nicer but as I said computer design isn't my strong suit at least you know if this sells then yours will probably do better now we're on to the inside so if I click on this icon and select hashtag planner it gives me a lot of different template options for the inside of the book this means I don't have to write a single sentence you can create as many pages As You Wish have every page the same every page unique whatever you want but as my book is a planner I need something designed in a way for people to lay out their schedule and goals there are so many different options in here but I'm settling on this one and adding it to all pages as I like how it allows you to plan your day down to the hour I always get distracted by different things so this would really help me out actually I think it'd be nice for people to be able to make some notes so I'm going to add a few extra pages for that so that's the inside pretty much done I've obviously whipped this up fairly quickly but with some proper planning and time you could create a real Masterpiece the moment has finally arrived to export my book and get it live on Amazon KDP this is where all the magic happens it's free to sign up to and most importantly you don't have to make a minimum amount of sales to get paid the money starts rolling in monthly 60 days after the month in which you make your first sale say you made your first sale in May you'd get paid 60 days after the end of that month so the end of July I'm going to go back to book bowl and select download current project CMYK this splits the book into two different files one for the interior and one for the cover we'll need both of these later on next I just need to go back to Amazon which will only print my book when someone orders it meaning I don't lose any money if it doesn't sell they ask for all the usual details like name address and payment preferences once I'm on the home page I'm just going to hit create select paperback and fill out all the necessary details and you know what's really cool I get to list myself as an author I mean I bet my teachers wouldn't believe it as I'm the most dyslexic person there is well they probably would believe it looking at my cover design and the lack of content in the book I also need to write a title if I head over to the research Tab and click on the cloud then book bolt will search for the top 100 bestsellers in whichever category we pick obviously we're going to be looking at the planners and this gives us a ton of information about what titles are actually working so I'm going to call it strike it big daily productivity planner because those are some of the key words that seem to be working for the description I'm going to do the same and search on Amazon to see what's working on the most popular ones and add something similar now we've got to talk about the main reason people don't get sales and from my research this seems to be that they don't use tags correctly I can go to keywords and search for daily planners see exactly what is being searched for most on Amazon and Google you can use up to seven tags so I'm going to make sure to pick the ones with the high search volume another way to actually rank on Amazon and be found is to use categories that are not as popular then you'll start to rank higher the rest of this page is quite self-explanatory so let's crack on with the next you want to make sure that publish without ISBN is selected because an ISBN number doesn't apply to low content books like Diaries and planners it's important to have a look at the preview of the book and make sure everything is perfect it might take a while for the preview to load but trust me it's worth the wait and the Moment of Truth arrives and that all looks pretty good to me now it's time to set the price I'm going to go with 14.99 which means I'll make 3.69 per sale there's absolutely no risk for me because Amazon only prints the books once they've been ordered so I don't have to buy in bulk and pay for stock stock that might not sell after it's been checked by Amazon it'll be live and ready to make sales [Music] so it's a couple of weeks later and I've got some good news we've made some sales the book took around 72 hours to be approved but for the first three days we made zero sales I actually thought after going through all of this I was gonna have to tell you not to bother but something crazy happened on the fourth day we made our first sale I've made millions of dollars for my businesses but honestly making my first book sale it felt brilliant at the moment we're sitting at 10 books sold bringing in a total of 149.90 of course this isn't a profit we have to take away a hundred and thirteen dollars for Amazon's cost and also I use book box free trial of the Newbie membership which usually costs 9.99 you can get the pro version if you want to take this more seriously but for what I wanted to do the Newbie was enough they've also hooked me up with a discount code because I've used them so much in this video so if you use the code Mark Tilbury then you can actually get an additional 20 discount I'll drop the link in the description so if we take that into account we've made a total profit of 26.91 I'm going partying I get it this might not sound amazing but just think how quickly I made this book and it's already making around twenty seven dollars per week imagine if I had 20 books with loads of reviews all making 10 sales a day you could scale the side hustle to making thousands every month if you put your mind to it if you want to discover seven more passive income ideas then I'm going to leave that video right up there but don't click on it just yet make sure to subscribe if you want to grow your wealth okay I'll see you over there

Channel: Mark Tilbury

Views: 2,238,757

Keywords: passive income, passive income ideas, passive income streams, how to make money online, passive income ideas 2023, how to make passive income, passive income online, how to make money, make passive income, make money online, side hustle, making money online, passive income 2022, how to make passive income online, smart passive income, how to earn money online, side gigs, passive income investing, mark tilbury

Id: yhY8Lh-BzII

Length: 9min 14sec (554 seconds)

Published: Wed May 31 2023