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