Insight into Book Sales and Profitable Niches

This chapter covers book sales trends, revenue distribution between different book formats, and tips for researching profitable niches in the book market. It also introduces personal finance app Monarch, AI stock research assistant Makea, and financial advice platform Nerd Wallet.

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Episode notes

In today’s episode, Patrick Donley (@JPatrickDonley) sits down with Nick Di Fabio who, prior to discovering Amazon KDP, had 30 jobs before the age of 30. He has since gone on to make over $1 million in Amazon KDP royalties, had a successful exit, and is now helping others clone his self-publishing strategies. You’ll learn how to get started in Kindle Direct Publishing , how to select profitable niches, how AI is changing the publishing landscape, how to 80/20 your marketing efforts and so much more!

Nick discovered Amazon KDP while working a 6 pm to 6 am job and has since gone on to publish over 250 books that continue to make him royalties. He also runs Publishing Profits Academy where he teaches others how to build a self-publishing business.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:12 - What Amazon KDP is.

06:56 - How Nick found his niche in self-publishing.

07:58 - What are the demographics of people who pursue Amazon KDP.

10:02 - How publishing has changed in the past decade.

13:09 - How Nick selects niches to write about.

21:56 - How AI will continue to change the publishing landscape.

29:10 - What to do to 80/20 your marketing efforts.

35:47 - How to create an exit strategy in publishing.

42:46 - Why do people create a book as a business card.

49:26 - How Publishing Profits Academy was born and what people learn in it.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Checkout: 1000 True Fans by Kevin Kelly.
Books mentioned: The 80/20 Principle by Richard Koch.
Books mentioned: Deep Work by Cal Newport.
Books mentioned: 50th Law by Robert Greene.
Books mentioned: 48 Laws of Power by Robert Greene.
Books mentioned: On the Shortness of Life by Seneca.
Books mentioned: Slow Productivity by Cal Newport.
Books mentioned: Outwitting the Devil by Napoleon Hill.
Check out the books mentioned in the podcast here.
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