Selling books on Amazon saved my butt as other blogging income crashed, find out how to launch your own self-publishing success story
E-books and audiobooks are a brilliant way to create an educational experience for your active viewers and followers across social media. With eBooks and audiobooks, you have the freedom to provide in-depth training, guidance, tips, and education to your customers and avid readers. That makes selling books on Amazon intensely life-changing and full of meaning.
You can genuinely dive deep into a topic you've only delivered in smaller bites of blog posts, podcasts, or courses and create unlimited passive income in the long run. In addition, your published content will build you up as a thought leader and even generate leads for your business. Also, creating and selling your eBook can be done in your comfort!
How I Started Making Money Through Self-Publishing
I started my monthly income post on how I make money self-publishing and selling books on Amazon last month, detailing how I made over $800 in January. Self-publishing has become my most significant source of blogging income and is one of the best forms of passive income I've seen.
I set a goal of breaking $1,000 selling books on Amazon in February. It took some work, but I made $1,102 in the 29 days for a 32% increase over my January self-publishing earnings!
It's a good thing, too, because my blog affiliate income took a nosedive last month. Self-publishing income was just 40% of my total blogging income in January. For multiple reasons, some of which I'm still working out and will discuss in this month's income report, I made almost nothing on affiliate sales last month. It was self-publishing to the rescue, and selling books on Amazon was 74% of the month's total income.
Selling books on Amazon has been a great experience and a natural fit with blogging. You've already got much of the content or ideas for a book in your blog posts. You just need to refine the ideas and add some material to sell books on Amazon. Your blog can be a great marketing resource for the books, and it's a monthly source of income that keeps paying out.
How Much Can You Make Selling Books on Amazon?
My income selling books on Amazon isn't even close to some of the site's rockstars, but I'm proud of it, considering I just started in April 2015. I've seen income reports well into the thousands of dollars and even a few self-publishing authors making tens of thousands a month.
The average per book seems to be between $100 to $300 per month though it's a little misleading. It's the same across nearly all authors. Most of their book sales on Amazon come from a few of their successful books, while most books don't sell very well. Two of the six books I sold on Amazon last month accounted for 70% of my income. Another book did well, and the other three only brought in about $50 each.
This variation is why it's so important to have multiple books to sell on Amazon. Besides the extra marketing push you get from multiple books, it's challenging to know which will do well and which might not. So don't get discouraged if your first or second book isn't selling very much. Publish at least four books and see how it goes before giving up on selling books on Amazon.
I had 148 book sales on Amazon Kindle in February. The digital side of self-publishing was about 37% of my total book income. You get a higher percentage royalty on your Kindle book sales, as high as 70% on books priced over $2.99, but Kindle books are usually priced lower than a paperback and other formats. I price most of my Kindle books at $3.99, so I get about $2.80 per book sold on Amazon.
Besides selling books on Amazon for the money, it's an excellent way to get your name out there and drive people back to your website or blog. I know authors that offer books for free or $0.99 to get more sales and reach a larger audience.
I sold another 163 books through Amazon's CreateSpace paperback service in February. CreateSpace is a print-on-demand (POD) service that prints and mails your books when an order is made. Of course, you don't get quite as much for each book, around 25% to 35% after printing and shipping costs, but it's been about a third of my monthly book sales income.
What put me over my book income goal last month was my newest format, selling audiobooks on Amazon. Amazon bought Audible in 2008, making it easy to publish and market your books as an audiobook. My 130 book sales on Audible were just from the 15th of the month, averaging more than eight daily sales. In the second half of the article, we'll run through the process and a few tips for selling audiobooks on Amazon.
The pricing is different for audiobooks compared to selling books on Amazon. You set your price on digital and paperback books but Audible sets the price for audiobooks depending on length. You get 40% of the sales price for regular sales and usually about half that for sales to Audible members using their monthly reading credit.
My March goal is $1,300 from selling books on Amazon. In March, I added a new book, From Zero to Business, and the audiobook will be available by mid-month. I hope this new book surprises me and does well in a few categories I haven't written as much in yet, bringing a new group of readers to my other books.
For the longer-term picture, I'm hoping to break $2,000 a month selling books on Amazon this year. I'm in the process of co-authoring another book and want to have ten out by the end of the year. I'm still working through the different promotion ideas and would love to hear how you promote your books.
For the first time, I'm revealing the entire strategy I've used to self-publish 12 books on Amazon and average over $2,100 a month in passive income. In Self-Publishing for Passive Income, you'll learn everything you need, from getting a book idea to making writing easy and selling more books.
How to Sell Audiobooks on Amazon
Like most good ideas…I waited way too long to start selling audiobooks. I didn't think my voice was suitable for recording, and I didn't want to pay high rates to have a voice actor record the books. Also, I didn't know anything about audio production and didn't want to learn.
More than three million books are available on Amazon Kindle and 31 million paperback titles on Amazon. So unless you've got a considerable blog following or a media empire, it can be nearly impossible to rank in some categories. By comparison, there are only 180,000 titles available on Audible, so your chance of ranking well and selling more copies is much higher.
The process for creating and selling audiobooks on Amazon is different from selling traditional books.
1) Read your book aloud to cut down any clunky sentences and add in any comments that make the reading more conversational.
2) Decide who will narrate your book, where you will record it, and who will do the post-production mastering
3) Plan on about three to four hours of work for every hour of finished audio. The average out-loud reading speed is about 160 words per minute. You will spend the extra two or three hours of work on editing and mastering the audio.
4) I would highly recommend recording in an actual studio. You'd be surprised how much noise there is even in a closed room, from outside noises and even the fan on your computer. Background noise is one of the fastest ways to get your audio files rejected by Audible. Record at a studio, and you should be able to get a deal on editing/mastering as well.
5) I found sound engineers with tons of experience on Upwork for about $50 per finished hour of production. Add in another $50 per hour of studio time and other costs, and you're at the low end of most estimates I've seen for total costs of between $100 to $200 per book hour. You can learn how to do sound engineering yourself through Udemy video courses. The site just reworked its pricing policy to require courses priced between $20 and $50, so learning how to do the audio post-production yourself might save you a lot of money down the road.
Your income from selling audiobooks on Amazon will differ from mine, but I've made an average of just over $3 per day on each of my six books in the first month of sales. At that rate, you should be able to recoup your costs within six months, which is a pretty good investment.
Non-fiction authors should narrate their books. You know the material and are passionate about the subject. Nobody likes their voice! Unless you've been told it's epically annoying, it's probably not that bad.
For fiction novels, it's best to find an actor that can bring out the different roles in a book. Audible makes it easy to find voice actors and studio professionals to record your book, but you'll have to share your royalties or pay an upfront fee.
Once you've worked through your book and put together a plan, there are some recording requirements you'll want to follow. Audible is pretty strict about these, so make sure you follow them strictly or you might have to re-record your book.
- Record in a WAV format at 44.1 kHz
- Set the recording for a peak of -6 dB and a maximum noise floor of -60 dB
- Set the RMS recording between -23 dB and -18 dB
- Record everything in either all mono or all stereo but not in both
- Read each chapter number and title on each section and leave about two seconds of space before you start talking and at the end of the section
- Each audio file must contain only one chapter and be shorter than 120 minutes
- Transfer the WAV files to an MP3 format in 192 kbps or higher and at a constant bit rate
You must include opening and closing credits that include the title, author, narrator, and copyright information. There are specific things you need to say, so I wouldn't stray too far from the script Audible provides.
My opening credits are, “This is the audiobook version of [title]. Written and narrated by Joseph Hogue.”
My closing credits are, “This has been the audiobook version of [title]. Written and narrated by Joseph Hogue. Production copyright [year] by Efficient Alpha and Joseph Hogue. The End.”
You'll also need a one to five-minute retail sample that will be posted for people to listen to before they buy. I usually use the book's introduction as it's a good mix of sales copy and information about the book.
If audiobook files are approved for sale on Audible, the book will automatically be priced according to length.
- Books under an hour long are generally $7 or less
- 1 – 3 hours: $7 to $10
- 3 – 5 hours: $10 to $20
- 5 – 10 hours: $15 to $25
- 10 – 20 hours: $20 to $30
Everyone has a book idea, and this is the best source of passive income I've ever found. Like many people, don't give up on your self-publishing idea mid-way through. I'll show you how to make it a reality and every trick I use to make monthly money! Click through for a coupon code and special launch price, 75% off the regular price on Self-Publishing for Passive Income!
It usually takes four to six days for the book to show up for sale on Amazon and Audible. You'll receive 40% of the sales price for each book unless you split the royalty with a producer. Audible members can buy books with their monthly credit, and the payout tends to be about half of what you usually get.
Selling books on Amazon, especially audiobooks, can be an extensive process, but it is a great way to build passive income. I've done very little promoting or advertising for my books besides a launch and some social media marketing. You don't have to put a book out every month, but the sooner you start, the faster your monthly income will grow. I'd love to hear your tips and tricks on how to sell books on Amazon. I'll post a new article each month and include my experience and tips I've learned along the way.
Read the Entire Self-Publishing Series
- How to Format a Book for Self-Publishing and Kindle
- How to Create an Audiobook for Self-Publishing
- 10 Self-Publishing Mistakes that Will Doom Your Book
- How to Edit a Book for Self-Publishing Success
- 10 Self-Publishing Mistakes Every New Author Makes