The world has changed a lot! And these days anyone can be a self published author. Platforms like Amazon KDP, Smashwords, and Nook have made it possible for anyone to be an “author.”
In the old days, you would have to sign up with some publishing agency. Trust me, that process is difficult, and you will be rejected more than you can count.
Being a self-published author is great. I work when I want and get monthly passive income on all book sales.
I still remember when I hit publish for the first time. It was a mix of nervousness and excitement.
Why Traditional Publishing Sucks
My good friend’s father in law is writing a book about traveling. He got rejected from six different publishing houses!
It took him over three years to find one that would finally take his book. And get this…the publishing house will get the majority of the sales on the book!
When you go through a traditional publishing house, there are a lot of mouths to feed.
The editor, the marketing department, and the cover artist all need to be paid. This takes a BIG chunk of your profits!
According to Alan Jacobson (a best selling author), traditional authors only get an 8% – 15% royalty on the print versions of their book.
The royalty is higher (at 25%) for ebooks.
However, the royalty is still low! You did all the work! You came up with the idea, developed the characters, and spent countless hours fleshing out the story.
And yet you don’t even get a majority royalty?! Where’s the justice in that!
Many authors are bypassing traditional publishing and going out for themselves. And guess what? You can/should too!
There is certainly money to be made self publishing on big platforms like Amazon KDP.
Here are five reasons why you should become a self published author:
1. You get the majority royalty
You deserve the majority royalty.
The royalty rates on most big self publishing platforms are very high (60%+). On Amazon (the largest seller of ebooks in the world), you can earn a royalty up to 70%.
Where else can you get royalty rates that high in the publishing business?
2. Self publishing costs are low
When I started my self publishing erotica business, I spent less than $50 to get the business running. In fact, my largest expense was for Scrivener (the best tool any self published author can have).
The costs to publish your own book is surprisingly low. The largest expense of a self published author is likely cover design.
You can pay someone on Fiverr to design a very professional cover for $5 – $20. It would likely cost $1,000+ if you went through a publishing house.
I took the time to learn basic Photoshop and PicMonkey skills to design my own covers. All it took was a few hours on Youtube and I was good to go.
The monthly costs to maintain my business are VERY low as well.
Here are my monthly expenses:
- Photoshop subscription
- PicMonkey subscription
- Kindle Unlimited subscription
- Stock photos
All in all, I’m spending less than $25/month on these services! Meanwhile I’m raking in $1,700+ every single month in passive income!
3. Sales are highly scalable
I highly recommend publishing your work on Amazon Kindle Direct Publishing (KDP). Amazon sells WAY more ebooks than any other internet retailer.
I read a crazy statistic that Amazon gets over 183 million unique visitors to its site every single day! That number is probably up A LOT since I last saw it.
Imagine just taping into a fraction of all that traffic.
Selling ebooks on Amazon is a highly scalable business.
4. Earn passive income
What could be better than passive income?
Passive income is all the rage these days. And there’s nothing better than generating income while you’re sleeping, spending time with family, or vacationing.
I love the monthly checks I get from Amazon. They help me save for retirement faster.
I find writing erotica is the best form of passive income. All I do is write the story. And after that, the product sells itself.
I don’t do any marketing (other than through my newsletter). I don’t pay for advertisements and I don’t really need to “monitor” the business.
The passive income you earn from ebook royalties is incredibly low maintenance. No sleepless nights at all!
5. Self publishing is much easier than you think.
Many people are afraid of self publishing. Don’t worry. I’ve been in your shoes too.
I used to think it a difficult business idea. That couldn’t be farther from the truth.
All you need to do is research your niche, write your book, design a cover, and then hit publish. After that, you start generating royalties. That’s it!
Compare that to buying a rental property where you have to get credit, meet with realtors, and negotiate a price with the seller! Talk about a big headache!
Self publishing is one of the easiest businesses you can start. You can even do it from the comfort of your own home 🙂
Final Thoughts
Self publishing is one of the best ways to make extra monthly passive income online. It really doesn’t take a long time to write an erotica story to sell on Amazon.
I would highly recommend trying it out for a few weeks. I’m sure you’ll be surprised by the amount of money you’ll make!