Unlocking Passive Income: Earning $1376.70/Month with One Book
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Chapter 1: The Potential of Children's Books
Many of you might be aware of my enthusiasm for generating passive income through children's literature. It's an excellent side venture that has personally contributed thousands to my earnings 🎉 💃. Initially, I believed that a substantial portfolio of books was necessary to achieve financial stability. I was mistaken.
Imagine the possibility of sustaining yourself with just ONE title! In this case study, we will dive into an inspiring example, providing you with valuable tools to outmaneuver the competition, so stay tuned 🤗!
Meet Jane Bexley
Jane Bexley is a successful author and illustrator of children's books, and she appears to be thriving!
The remarkable aspect is that she handles both writing and illustrating her stories, which significantly reduces her production expenses.
Is that daunting? It really shouldn’t be! For instance, here’s a glimpse of one of her pages:
Interestingly, Jane has published around 12 books focused on a single theme—farting. It seems kids are quite fascinated by this subject, and her sales numbers reflect that.
This creates a snowball effect—one book promotes another, leading to an increase in sales. If you can craft a character or setting that resonates with both children and their parents, you’re likely to see continuous earnings.
Estimating Monthly Sales
To gauge the revenue generated by one of her books, we can utilize a useful tool from TCK Publishing known as the BSR to Sales Calculator. This tool assesses the bestseller rank found in the product details section on Amazon:
Using this tool, we estimate that this particular book sells around 390 copies each month.
However, it’s important to note that the total price of $11.88 isn’t entirely profit. To determine Jane’s earnings, we will also use Amazon's royalty calculator:
Calculating the figures gives us 3.53 * 390 = $1376.70/month! Isn’t that fantastic?
Keep in mind, this is merely from one book—she has more popular titles in her collection. Her overall earnings could be significantly higher.
But remember, not everything is profit. Jane invests in sponsored advertisements, making it challenging to pinpoint her exact take-home earnings. Given that she has been running these ads for several months, it’s plausible that she enjoys a healthy profit margin.
I genuinely hope this brief illustration of KDP success highlights the vast opportunities available in self-publishing. In a time when AI-generated art is easily accessible, creating and publishing captivating pieces can be done without extensive time commitments. Why not give it a try?