There are many people who are not sure about whether self-publishing their own books is a legitimate way to make a full-time income or not. While some people are making over $100,000 every year from their books, the vast majority struggles to make $500 every month from their self-published books. This statistic along with others as well is what makes many people doubt the power of self-publishing your own books.
However, there is hope in building a strong income by self-publishing your own books. In fact, it is more likely than you think to build a strong income around your self-published books. In fact, if you put in a lot of work, you will be able to see a quick increase in your earnings. Steve Scott was able to go from self-publishing his first book to making 6 figures every year in just two years. That’s a big transition in a short amount of time. The best part is that it is possible for you to undergo the same transition in a shorter amount of time.
The reason why most people are making under $500 a month from their self-published books is because these people do not know how to make a strong revenue from the system in place. Most people think that the system is to self-publish one book and keep on promoting that one book until everything works out. That is the mistake that prevents most self-published authors from making 6 figures every year from their books. In order to become successful, you need to be able to publish 1 quality book every month.
That may sound like more work than is necessary, but by publishing books at this rate for months and years to come will give your customers more options. In addition, publishing books at this rate will give more choices for your returning customers.
In order to fully understand why you need to publish more books faster, you need to think of your self-publishing career’s success similar to a blog’s success. There are many blogs that get thousands of daily visitors because the blog has over 1,000 blog posts that are all getting at least 1 daily visitor. More blog posts allows more people to find your blog based on the content they are looking for. Books work in the same way. The more you have, the more sales you are going to make. As you make more sales, you boost your own ranking and will eventually become a popular author. If one of your $2.99 books makes 1 sale every day, then you are only making $2.07 every day and $62.10 every month. However, 30 books that each make 1 sale every day results in $62.10 every day and $1,863 every month. That is still not a six figure income, but it’s a lot more than you were going to get compared to only having 1 self-published book up for sale.
Self-publishing your own books is an easy and powerful way to build your income. You may not see a dramatic change in your earnings for a while, but when you see the dramatic change in earnings, your earnings will keep on going up and exceed your expectations. Let’s go back to the example of having 30 $2.99 books for sale. If all of those books averaged 5 sales each every day, then you would make six figures every year. If you relied on one book, then that one book would have to get 133 paid sales every day in order to bring in six figures every year.
Right now, you may be wondering how exactly you can live up to the expectation of self-publishing one book every month. I wrote a book called How To Publish More Kindle eBooks Faster where I share all of the strategies I use to self-publish 1 book every month even with school, track, and homework. It’s a quick read that won’t even take 30 minutes to go through, but you will learn new tactics that will transform the way you write every day.