How To Run An Amazon Kindle Publishing Business Like A Business Owner | Interview With Dewan Bayney

This interview is all about thinking not where your business is but where you want it to be!

In this interview with Dewan Bayney, he shares his thoughts on how and when to scale up your Kindle publishing business. When is the right time to think about Incorporating and how hiring Virtual Assistants can make you more money as your business grows.

How To Create A Passive Income Around A Full Time Job

Less than 12 months ago I was working at a job that was going to take me nowhere and now I am living in Mexico enjoying the very beginning of a Passive Income Lifestyle.

Creating a passive income around your full time job is really not as hard as it may seem. It takes dedication, commitment, and tons of hard work but within a year it’s extremely possible to leave your  9 – 5 and be living a laptop lifestyle type of life.

In this post, I cover some of the hard truths and what you need to prepare for if you are looking at creating a passive income for yourself to one day replace your current job.

If you want to start making a passive income for yourself and your family visit www.myselfpublishingblueprint.com to get started today!

How To Find A Mentor For Your Business – Interview with Dewan Bayney

This interview was a real treat. Dewan Bayney has not only been my mentor for the last few months but helped me accomplish a year-long goal in under 3 months! He has had an extremely successful Kindle publishing career making over six figures a year.  Currently, he is working some new projects, some of which he talks about and shares inside this exclusive interview.

Some of the topics we cover are:
How to determine your customer’s problem
When and how to find a mentor
How to solve 100 problems for your customer so you can have 100 books to sell them

This is an interview for the ages!

 

How to Make Your First $1,000 in Passive Income

Most people enter into Kindle publishing because they want to earn a passive income. As I talk about all the time, the biggest hurdle is the first: making your first $1,000. In this article, I want to give you five tips to help you achieve just that.

 

Tip #1: Have a Strong Mental Attitude

 

The same thing that takes you from making $500 in passive income to $1000 is the same thing that will take you from $1000 to $5000—your mindset. Having a strong mental attitude is absolutely the determining factor in whether you are going to make it in this business or not.

 

When you first start your publishing career, you’re no longer going top dog like maybe you were in your previous job. You’re going to be a little puppy in a big kennel, experiencing everything for the first time.

 

You’re going to make mistakes. You might potentially lose a few dollars. You’re going to go through a lot of frustrations. I went through these same frustrations (and continue to go through them from time to time), and so has every successful Kindle publisher I know.

 

I’ll be straight with you: as much as you want your first book to succeed, it will probably suck and not make any money. It will take a few books before you start making that passive income. So you have to have the right mindset. You have to be committed to the process and know your end goal.

Tip #2: Don’t Follow Blindly

 

Don’t blindly follow what some Kindle publishing course tells you to do. I’m not knocking Kindle publishing courses. A lot of them are great. But every course is designed from one person’s experiences, and those experience may not be exactly applicable to you or to the niche you publish in. For instance, some courses will tell you that social media is unimportant; but for me, social media is a huge factor in my success

 

During the process of publishing my first two books, I was following a program. But at the same time I working on my books, I was also learning as much as I could about Kindle publishing, from every source that I could find.

 

When I went to publish my third book, I decided to try something a little different—and lo and behold, my results were a lot better. Don’t be afraid to experiment and try new things (though if you are new, you should be careful of trying new things that will cost you a lot of money).

Tip #3: Understand You Need to Invest Money

 

It doesn’t matter if you have $100 to invest or $500. As the saying goes, you have to spend money to make money. In particular, you want to make sure you are investing enough to get high quality books—no 5,000-word garbage, proper books of seventy-five to ten-thousand-words minimum.

 

When I was starting out, whenever I got a paycheck from my regular job, I took ten percent and invested it right away in my Amazon business, because I knew that it was the ticket to the passive income lifestyle I wanted.

Tip #4 Be Patient

 

The fourth tip is that you need to be patient. This is something I still work on today, but patience is so key. It took me about four and a half months to make my first thousand dollars. Kindle publishing is not a get-rich-quick scheme. It takes work and time, and you have to be patient and build your success the right way.

Tip #5 Reach out to People More Successful Than You

 

This tip is a good one. I did this a lot when I first started out, and I still do it now from time to time. When I saw people on Facebook groups who were more successful than me, I would reach out to them and ask them questions. I’m incredibly grateful that almost everyone responded.

 

For instance, I reached out to one individual who was really a mentor to me. It was December when I sent him a message, and he said he was busy but asked me to hit him up in January. I knew this was a test, because probably a lot of people reach out to him but don’t follow up. If I did follow up, he knew that I was serious and wasn’t going to waste his time.

 

Of course, I did message him in January, and my communication with him has had a huge, positive impact on my business.

 

So those are my five tips for generating your first $1,000 in passive income. Were these tips helpful? Let me know in the comments, and tell me something that you want to work on in your publishing business.

If you want to learn more about how to get started with Kindle publishing visit www.myselfpublishingblueprint.com 

 

Why People Don’t Make Money With Kindle Publishing

I want to talk about why most people end up failing to make money with Kindle publishing. I work with KDP, but this advice should apply to any business where you are working for yourself and making money online.

 

I’m writing this in mid-2017, but the advice I’m about to give will be relevant no matter when you’re reading this. I’ve been in the sales industry for the last twelve years, and I’ve sold it all. Over the years I’ve developed a sense for who has what it takes to succeed, and I’d like to share those insights with you in this article.

 

If you are looking for one big secret that will make you automatically successful though, this isn’t the article for you. There’s no one secret or trick to business–and don’t believe anybody who tells you different. But If I don’t have a secret, I do know what it takes to succeed.

 

So you’re in the business of making money online. You might be a Kindle publisher, or you might be doing something different. What do you need to do be successful?

 

Have the Right Mindset

 

The fact that it’s a cliché doesn’t make it any less true: the number one reason people fail in this business is that they lack the right mindset. The mindset you need to be run your own business is different from the mindset you need to be an employee.

 

What do I mean by this? Well, as an employee there aren’t big highs and lows. Back in the day I used to work for a video store (remember those)? A low might be if I disliked the movie they were playing in the background; a high might be a pleasant interaction with a customer.

 

Nothing great happened during the day, but nothing unpleasant or stressful happened either.

 

But when you’re running your own business, the highs and lows are much more dramatic. The highs and lows are going to affect your income. It’s a roller-coaster. You need a resilient mindset to handle that stress.

 

Be Patient

 

You also need to be patient. As a society we tend to want instant gratification: to push a button and get what we want now. But building a business takes time and effort.

 

Most people go into Kindle publishing because they want a serious passive income. They want to be making enough money online that they can just go sit on a beach somewhere and relax. But that kind of success takes years to create.

 

Now, to get to the point where you are making a few thousand dollars online—that can take as little as six months to a year. But you still have put in a lot of hard work and be patient while you are getting your business off the ground.

 

Be Willing to Pay the Learning Tax

 

Finally, you have to be OK with messing up and making mistakes and then learning from those mistakes. I call this “paying the learning tax.”

 

Recently, I was reading the comments on one of my YouTube videos. One commentator had two books out but wasn’t making any money: he wanted to know what he could do. My answer was simple–publish more books.

 

That’s honestly the best thing he could do. Books three and four will be a little bit better, and the process of making them a little more streamlined. If he learns from his mistakes, each time he publishes a book, the learning tax will be a little smaller, and the book will be a little more successful.

 

And if he is willing to pay the learning tax again and again—and if he has the right resilient mindset, and is OK with building his success patiently—eventually he will get where he wants to go.

 

As I said at the beginning, I’ve been in sales for a long time, and I know what it takes to succeed in this kind of business, where you are your own boss and are making money online. Was this helpful to you? Let me know in the comments: what do you think it takes to succeed?

Paperback Battle – Kindle Direct Publishing vs. CreateSpace

Kindle Direct Publishing’s paperback service has been out for a while now. I thought it would be timely to talk about how KDP Paperback compares to CreateSpace. Should you stop using CreateSpace and move everything over to Kindle Direct Publishing?

Honestly, there are benefits to both platforms. That said, I believe the benefits of one outweigh the other by a huge margin.

 

Kindle Direct Publishing Paperback – Benefits

 

With KDP Paperback, everything is on one platform. It’s super easy to create a paperback once you have your e-book set up. You get a notification from Amazon asking if you want to create a paperback, you click it, upload your paperback manuscript and cover, do a few other things and you’re good to go.

It’s also convenient to have everything integrated into a single dashboard. You don’t have to move over to CreateSpace to see your paperback royalties.

But that’s really all that KDP Paperbacks offers you—convenience. But it’s a convenience that will cost you money down the road. On the other hand, CreateSpace is a tried and proven method that we know brings a great return on your investment.

CreateSpace – Benefits

 

With CreateSpace you get paid in 30 days, as opposed to 60 with KDP. That is a huge win with me.

Another big win is the Expanded Distribution available with CreateSpace. At the end of the month, I usually get 50 to 100 (once it was as much as 249) orders through Expanded Distribution. This is money I simply wouldn’t be getting if all my books were sold through Kindle Direct Publishing.

I’m also a firm believer in diversification, and I don’t like the idea of having all my royalties for e-book and paperback sales go through one platform. If something were ever to happen to my KDP account, I would still have money coming in through CreateSpace.

Finally, as of this writing Kindle Direct Publishing Paperback is still in beta. I honestly don’t know why people are using this service. Stick with CreateSpace. It’s proven, it has lots of benefits, and you get paid faster.

As a final note, I recently put my worst selling book—the first book I ever wrote—up on CreateSpace. At the same time, I put up a more recent book on KDP Paperback, which does pretty OK in e-book sales. And so far, that first, worst-selling book has actually generated more sales on CreateSpace than the one on Kindle Direct Publishing Paperback.

The benefits of sticking with CreateSpace seem clear to me. Let me know in the comments what you think. Do you agree or disagree? Which platform are you using?

 

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