He Makes £144,000/year Self Publishing on Amazon (Passive Income)
Jun 26, 2023
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Discover the self-publishing journey of a man who makes £144,000/year selling 11,000 books on Amazon. Explore the advantages of self-publishing, including the potential for passive income and the power of an owned audience. Learn about the process of writing, self-publishing, and landing a book deal, as well as the potential for higher earnings on platforms like Amazon.
Self-publishing books can generate significant passive income, as demonstrated by the speaker's annual earnings of £144,000 from selling 11,000 books on Amazon.
Building an engaged audience through platforms like podcasts and email lists can not only lead to self-publishing success but also attract the attention of traditional publishers, resulting in lucrative book deals.
Deep dives
Success with Self-Publishing
The speaker shares their experience with self-publishing books and how it led to unexpected success. They initially published a book of Olympics facts on Amazon, which sold a few copies and provided an 'aha' moment that money could be made without constant effort. They continued writing books, leveraging their podcast audience and offering additional content packages. The speaker emphasizes the advantage of being a few steps ahead of the audience, simplifying complex topics and providing inspirational content. They highlight that expertise is not necessary to write a book, and being relatable to the readers can be more valuable.
From Self-Publishing to Traditional Publishing
The speaker describes how their success in self-publishing led to a book deal with a traditional publisher. Their book reached number one on Amazon and attracted the attention of publishers due to their owned audience, including an email list and podcast listeners. With the help of an agent, they negotiated a better deal and ultimately signed with Penguin. The speaker underscores the power of having an engaged audience that is interested in following their journey. They also mention the mechanics of a book deal, including the upfront advance, sales royalty, and the financial advantage of self-publishing.