How to Make Money with Amazon KDP: A Step by Step Guide

By IPublish Ghostwriters

Have you wanted to learn how to make money on the side?

 

Have you been thinking about publishing your very own book but simply don't know where to begin? Or maybe you've thought about getting into self-publishing in general, but don't know how to get started?

 

Have you been thinking ab

• Language: English
• Publisher: PG Publishing LLC
• Release date: Dec 19, 2020
• ISBN: 9781087937441

Book preview

Introduction

Welcome to the most complete book you will find on starting your very own publishing business. This book is the perfect companion to the online course, iPublish Ghostwriters: Build Your Self-Publishing Empire by Hiring Ghostwriters and Fully Automating the Process.

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In this book, you will find the essentials of how to get your publishing business up and running in no time. You will discover the tricks of the trade when it comes to making real money through publishing. Plus, you will discover how you can fully automate the process.

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Please bear in mind that this topic is quite extensive. There is much to cover, so we won’t be able to get into all of it. Feel free to check out the course at the following address:

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https://ipublishghostwriters.mykajabi.com/products/ipublish-ghostwriters.

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There, you will find the most comprehensive guide you could ever get on starting a successful publishing business. You will discover an in-depth approach that can earn a consistent income without making a sizable upfront investment.

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In each of the chapters of this book, you will learn about the essential elements you need to start a publishing business. Moreover, you will see that there are some vital trade secrets that only the pros know. That’s why we are going to give you the full breakdown of what you need.

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So, let’s get started on this fantastic journey. You’ll soon discover that starting your very own publishing business is pretty straightforward. Best of all, you can do it anytime, anywhere. If you’re already getting visions of sitting on the beach somewhere sipping cocktails while the money is rolling in, then read on!

Getting Started With Your Publishing Empire

Before you can begin to reap the rewards of your publishing empire, you need to lay down the groundwork necessary to ensure everything runs smoothly. If you miss any of the following steps, you’ll run into trouble down the road. You can save yourself time and headaches by sticking to the following guidelines in this chapter.

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Nowadays, publishing is quite simple. Publishing platforms like Amazon Kindle simplify things quite a bit. However, there is a huge difference between simply opening an account and actually making money. You see, there is more to a successful publishing business that meets the eye. Often, folks think that all you need is a good book, and you’re ready to do. While it’s true that a good book is a great place to start, having one good book is not enough to earn you financial freedom. That’s why you need to understand the entire structure that can enable you to make serious money from your content.

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Also, it’s important to keep in mind that we’re in this for the long haul. So, we’re not looking to cut corners. Please remember the old axiom that says, when you fail to plan, you plan to fail. This axiom rings true in the publishing business. The idea here is to fully automate your process so that you can make money consistently. In the end, you’ll have enough money to finance your lifestyle, whatever that may be.

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So, let’s move on into the planning and setup stage of your new publishing empire. Most of the work here takes little time to do. Overall, you’ll need a few hours to get everything set up. But those hours will end up saving you time in droves down the road.

Incorporating Your Empire

The first big decision you need to make about your brand-new empire pertains to incorporating your business or going at it as a sole proprietorship. Generally speaking, both options are perfectly fine. You can have total control over your business, irrespective of how you choose to set it up. However, there are some clear advantages to setting up an LLC.

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An LLC is a limited liability company. This is important to note because running your empire in the form of an LLC limits your personal responsibility for your business’ debts or liabilities. Therefore, your personal assets won’t be on the hook in case the company gets in trouble.

You can apply for certain tax breaks in some states.

Opening business bank accounts is much easier.

Tax filings are much more straightforward as your business’ income is entirely separate from your personal income.

You can close the LLC easily without leaving any personal responsibility for outstanding debt.

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As you can see, an LLC has clear advantages over a sole proprietorship. There are states which offer better breaks and incentives for LLCs. You can take the time to search for these states on Google. In the course, we discuss the best state in which you can open your LLC. Nevertheless, you can choose to start your LLC in your home state. Please check with your accountant to make sure you are fully aware of the obligations that come with an LLC in your home state.

Setting Up Your Banking Accounts

Since your entire publishing empire will be based online, you will need to fully automate your banking and payments system. This is why setting up an LLC comes in handy. Of course, you can always set up bank accounts in your name. However, this has tax implications that are best avoided.

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There are no specific rules for choosing a bank. The most significant recommendation here is to pick a bank you’re familiar with. Ideally, this should be a bank you already do business with. That way, you know what fees they charge and what benefits it can offer you.

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But here’s an important rule to keep in mind. Make sure that your bank of choice can be linked to Amazon Kindle, PayPal, or any other online payment platforms. Otherwise, you will have trouble transferring online payments into your LLC’s account. As such, it’s crucial to keep this in mind.

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If you choose to open an LLC, please make sure you get your EIN (employer identification number). This number is needed to open your bank account in

Reviews for How to Make Money with Amazon KDP

[rbloch66 · Rating: 2 out of 5 stars]

This book points you to a paid keyword research tool and tells you to find info on keyword research there.
Nothing really unique in this book.