~$5k/mo. I aim for quantity over quality. I pay to have books ghostwritten for a particular market/niche. I also acquire rights to other self published books and re-release them. Self publishing is all about the marketing.
Do you sell them on Amazon? As physical books or just Kindle?
Ask HN: How much are you making from self published ebooks?
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Re: Ask HN: How much are you making from self published ebooks?
#12Earlier quoted context omitted.
I don't have any formal documentation around. For ghostwriting I focus on a couple different niches. I work with a company to get the books written. I write for the audience rather than what interests me. If vampires are hot one month I put that out. If it's billionaires the next I do those. I have a couple different "authors" that I write under that stick to each genre (One only writes LGBT Romances for instance). A…
How much would it cost to get in this initially? Any tips for the marketing/building up an email list?
I use vellum to format ($250 one time). Requires a mac. The company I use will sometimes do this for me for free.
Marketing beyond email list is then either book bub if I can get in or amazon ads.
Mailchimp/digitalocean for email list/Wordpress site hosting. Google Apps for email. Those are my reoccurring costs.
Break even is usually 800-1k copies sold @ $2.99 list (I earn 70% of that). Plus whatever I spent on marketing. Anything outside 2.99-9.99 Amazon will only pay 30% royalties. I earn roughly a dollar per book read via kindle unlimited.
The first few books will take a while to earn back. Building your following/email list is the most important thing. I use it for engagement. “New book coming soon! Giving away 25 advance reader copies enter here”. Then before release “pre order now. Here is the feedback from those that won a free copy.” The surge of reviews/early sales helps boost Amazon ranking (new readers) as well as to quickly earn back what I spent producing it.