Passive Income Assignment: How To Make Money Online With My Favourite Passive Income Streams (2016)

Chapter 1. Kindle Publishing

Are you looking for the easiest way to make a six figure income with passive income? If so, I have the perfect solution for you, and it might surprise you. The easiest way I’ve found to create a passive income is through Kindle Publishing. Through kindle publishing you can easily create a source of income within a few weeks. Not only is this an extremely quick process, but it’s also scalable. This means that you can quickly grow your kindle business to make more money in a relatively short time. If you’re looking for something to diversify your income stream, this is definitely where you want to start. I’ll be sharing my exact strategy, how I came across kindle publishing, and how you can do the same.

What is Kindle Publishing?

You might be thinking,“Publishing? Where am I going to get a book from because I’m no author”. But what if I told you that getting a book done is the easiest and quickest step. We can now get an original book created within a week and for very little. Even established authors are using this strategy because it saves them tones of time. After the book is written, we own all the rights 100%, so everything we make goes into our pocket.

I am quickly building up my portfolio of books and I’ll give you a general idea of how all the costs work. There are many websites out there that have a team of writers that will write content for you and there are also freelancers that you can hire. Books can be written for as little as $30, but we want to make sure our books are high quality, so I’d recommend spending at least $40-50. The only other cost required on our part is to get a cover created. This will only cost us $5. All in, we will spend about $45-60 per book and it will be done in about a week.

Think this sounds too good to be true? Well like I said, the writing process is the quickest and easiest part. You will need to come up with a book title in a profitable niche and then send that to the writer. They will then do all the research and create your book. So within a week you can go from an idea to your book being sold on Amazon and generating you a profit.

Our goal for each book will be to generate $50-100 per book per month. So it will generally take a month to break even, and then the rest will be profit. This profit will be made as long as Amazon is still a business, which will be for a long time. So think about it, if you could generate $50-100 per book, how many would you make?

My Goal

Over the next year I plan to create 80+ books and have each making me at least $50 per month. If it only takes me a month to recoup my initial investment, I will be profiting at least $4000 per month, completely passive. This means that you could potentially build a six figure income for yourself in a year.

I know people who have 200+ books, and these are all assets that will last for a long time and generate you a lot of money. The kindle business is booming, and it won’t be going away any time soon. This is becoming a very popular way of creating income for people, so now is the right time to get in. Not only does kindle publishing create you a very nice income, but it also creates other sources of income through affiliate marketing, other products or through your website.

How Kindle Publishing Works

I’m going to share with you the exact process of getting your book created and also how you can learn to do the exact same. There are many important strategies that it takes to rank your book high on Amazon, and I will show you how you can do this too:

The basic process of kindle publishing is:

· Research a profitable niche

· Create your title with proper keywords

· Outsource your book and cover

· Rank your book on Amazon

· Price your book

· Get reviews

· Write your description

Once you learn the step by step process on getting a book done, it’s time to scale up your business. This means making 1-5 books per week. If you make 2 books per week, that’s 8 books per month. These 8 books will be making you $400 per month. Get the idea yet?

The beauty about this is you can actually outsource 90% of the process for pennies, and this will allow you to increase production and increase income. This process doesn’t take someone who’s familiar with computers or marketing. It can be done by ANYONE willing to learn this easy process. I know 60+ year olds who are making a killing with this. I also know people who are making $30,000+ per month with this same technique. So whether your plan is to make a couple hundred per month or tens of thousands, this can all be done relatively easily.

How You Can Make More Money Through Kindle

The money you can make from kindle is awesome, but it doesn’t end here. There are tones of ways you can create even more income through your books.

How?

First of all, your kindle books can be turned into different formats. This includes paperback versions (at no extra cost to you) and also audiobooks. This allows you to reach even more people, thus, increase your revenues each month.

Another way is to advertise other people’s products through your books. For example, if you had a book on a certain diet, you can advertise someones product that would benefit them even more and you will earn a commission. This can make you a monstrous return for virtually no work on your part. Sounds good right?

If you have a website, you can also promote your site in your books. For example, I have books out there about passive income and making money online. In these books I advertise my blog, which will increase traffic and increase my back end revenue.

If you aren’t motivated to get started with this, I don’t know what else I can say. Basically my respond would be WHY? You probably are in a job that you don’t like making satisfactory money, so why continue with that? I’m giving you an opportunity to change your life and do what you’ve always wanted to do.

I’m not writing this to benefit me. I’m already on my path and my life has changed dramatically. I want to help you live the life you’ve always dreamed of and I know Kindle Publishing can make that happen. That is the whole point of this website. I’m doing this for personal enjoyment because I enjoy helping people, and I know what works.

Visit my website PassiveIncomeAssignment and signup to get my FREE passive income generating guide and learn everything you need to know about kindle publishing.