43

Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution

I have now made a change, a big one!  This has been a hard decision that didn’t come lightly, something that I have been pondering over for a month.  The decision came after a lot of umming and erring for weeks and I finally made a decision this week to make a change which is huge!

 

why-i-stopped-kindle-money-mastery-and-started-my-self-publishing-revolution

 

As I write a blog and make everything public, I can not really keep this in the dark as it would not be fair on you the readers to see me talking about one thing and doing something completely different.  I do have to say this is one of the hardest posts I have written and have kept everything in this post from my own personal experience and feelings, I have been open and honest throughout.

 

My Journey

8 months ago I started Kindle publishing with the course K Money Mastery, it offered a great insight into how to create and publish Kindle books on Amazon.com giving me all the tools that I needed.  I did the course to the best of my abilities and started to generate royalties from my books which was an exciting feeling.  Seeing that it is possible to make money online it gave me a feeling of freedom!  Once the book is created and promoted, I could make income passively from it.

As I progressed I went through the course and tried to understand everything and get most out of it however there were part I thought I got but I actually didn’t.  I am partly to blame for this as I have not followed certain parts but at the same time I feel everything should have been put in a more straight forward manner.  I felt overwhelmed and believed I did parts of the course, when I actually I didn’t do it.  Sounds strange eh.  Maybe this is the way I learn and I can’t be given options as this will screw with how I learn, I prefer something to be taught step 1, step 2, step 3, etc.  Such as the platform Udemy which takes you from point A to point Z, this is a lot easier for me to follow.

 

Trying New Things

Being new to the Kindle business I was always looking for ways to improve my business and anything I could to make it easier and more profitable.  I wasn’t making the money I wanted to and I wanted to speed things up.  So around two and half months ago I started mentoring with Luca De Stefani.  I gained a lot of insightful information and tips to help my books.  This information has helped me diversify the income streams for my books and help with increasing revenues which I may have ultimately lost if I had not done.  That alone has payed back for the mentoring I took with him.

About 2 months ago he released a course, at the time I had only done one session with him but I felt that the course was worth a shot due to the information I had already received and it had a 15 day money back guarantee so what did I have to lose.  After going through the whole course I realized I had missed out on a lot of things which potentially I could have done months ago and had lost out on potential income.

I started to implement his method and I started to see new streams of income coming in.

 

How Each Course Compares

Below is how each course is summed up in my own opinion for certain aspects.  For this I have gone through the videos on each course.  I am giving a summary as it is not fair on the courses and their students to reveal information and strategies.

K Money Mastery comparison has some lessons which are available on the basic course (one-time payment), and some lesson which are available on the Full Disclosure (monthly fee)

My Self Publishing Revolution comparison is for the whole course.

 

Niche & Keyword Research

The niche and keyword research is one of the most important factors to having success with your books and both course have videos on this.

K Money Mastery shows you how to find niches and keywords with the videos being very informative and help you with finding a niche but you are left with the impression that you should go into every niche you can to make money and not really focusing on one niche.  In the later videos Stefan goes into more detail regarding niche and keywords and building up your books.  Stefan talks about not bouncing around from one niche to the next and just focusing on one niche and how to find related niches to write new books on.  In another video he explains how you can potentially get all your books ranking at the top of the keyword you are in.

 

My Self Publishing Revolution breaks niche and keyword research into two videos, one video shows you how to see if a keyword is profitable and the 2nd video goes into details about how to find keywords which will help you dominate a certain niche.

 

Title

K Money Mastery explains about how the whole of the title is important and shows you the criteria for how to create your title with the main title and sub title and what it requires to catch people’s attention.

My Self Publishing Revolution explains what to put in your title and how unimportant the subtitle is while showing examples of this on Amazon.com.

 

Cover

K Money Mastery goes through the process of what you should look for when hiring a designer on Fiverr.com and explains the best way to get the most out of the person you choose.

My Self Publishing Revolution explains how your book cover should look by going onto Amazon.com to show you many different covers.  He shows you the difference between professional made covers and OK covers, whilst showing what you should aim for when creating your cover.  In a separate video Luca shows you what to look for when hiring someone on Fiverr.com

 

Book Creation

 K Money Mastery starts by talking about how to either write the book yourself or have the book written by a ghost writer and how to get the best quality when doing either.  He offers several different companies and options to have your book written for you and how to go through the process of doing this.  Lastly he goes over how to check whether your book is plagiarized or not.

My Self Publishing Revolution uses one company and shows you what to write when submitting your book to be written.

 

Marketing Your Book Outside of Amazon

K Money Mastery teaches many different methods for marketing your book outside of Amazon.com.

Stefan provides videos on how to submit to website directories, social media groups, how to create a website for your book.

He also provides links to places you can submit your book to including social media and website directories.

My Self Publishing Revolution does not concentrate on promoting books outside of Amazon.  Luca believes that it is a useless method and a waste of money.  Luca has a video on Youtube where he talks about this issue in depth.  His main point is, if someone is looking to buy a book they will look for it on Amazon.com and not on Social media.  Click Here to see the video

 

Email Marketing

K Money Mastery shows how to set up email list, sign up form and a squeeze page.  Stefan shows you how to create an autoresponder series with details on how to have people not feel like their being spammed.  He also teaches how to make affiliate commission and how to look for products which will serve your audience well.

My Self Publishing Revolution shows you how to set up an email list, sign up form and a squeeze page.  Luca offers an alternative email marketing strategy course.

 

CreateSpace

K Money Mastery goes through the process of setting up a book for Create Space and uploading it, giving details on how to upload the book, payment information, where to have your book and cover converted, in the video he explains you should put the book on Create Space as you may sell a paper back book even if it is not selling Kindle.

Stefan has a 2nd video where he answers a question where he says you should only put your book on Create Space if you book is selling well on Kindle.  This confused me as he is giving two completely different answers.

My Self Publishing Revolution goes through the process of setting up a book for Create Space and uploading it, giving details on how to upload the book, payment information, how to get your book and cover converted, and a pricing strategy.  Luca says put the book on Create Space, period.

 

Audio

K Money Mastery gives you a few options where you can use a service to have your book narrated, no free options.

My Self Publishing Revolution shows you how to have your book narrated for Free.

 

Costs

K Money Mastery I have been part of Stefan’s course for around 8 months.  I have spent a total of $67 for the initial course and $47 a month x 8 = $376 on the course, granted I did win student of the month 3 times, so I have saved $201 out of that amount.  However, if you don’t win student of the month well you will be paying a constant $47 a month.  You don’t really think of it as much when you’re paying it on a monthly basis but add it up and it becomes a bigger number.  Look at it like this $47 x 12 = $564 for one year.  That amount really adds up.  You can pay for the basic course for $67 but this does not give you access to the Full Disclosure and the Facebook group which I feel are both important for your progress.

My Self Publishing Revolution has two price option which gives you access to the course and Facebook group.

  • $399 (Life-time access to the course)
  • $67 a month (monthly payments)

 

Up Sales

Both courses have up sells.

K Money Mastery: KDSPY, Leadpages, Aweber, Fiverr, K Optimizer, VA Training Programme.

My Self Publishing Revolution: KDSPY, Leadpages, Aweber, Fiverr, Email marketing course

 

Facebook Groups

Both courses offer a Facebook group and it is a huge part of both courses as it offers a place for people to come and find answers and ask questions to problems they have, post related things to Kindle or success they are having with their business.

Thoughts On Both Courses

K Money Mastery provides a lot of value, giving you everything you need to start your own Kindle publishing business and more.  Anyone who takes it will benefit from it.  I learned a lot from the course and it has helped me start my own Kindle business which is irreplaceable, he has many videos with hours of content which can be overwhelming to someone who is just starting.

The basic course is done well, lesson 1, lesson 2, etc which is very easy to follow but when it comes to the advanced lessons that’s when you don’t know where to look or start.  The lessons look like they have been just put on the page, there are no categories or sections to make things easier.

When I say a vast amount of videos I mean a lot, Stefan has made a lot of videos from mindset to interviewing other successful people and more.  If you find the right interview or webinar there are some real gems of information.

What I do like about the course is Stefan teaches to look at this with the end in mind not just think of producing Kindle books.  To think how you can make money outside of Kindle and automate the business so you take yourself out of the business and have free time to do other things.

My Self Publishing Revolution is a great course which will provide great value to anyone who takes it, allowing you to go from knowing nothing to having all the skills you need to be a Kindle publisher.  The course is broken down into 5 steps, and everything is put into categories which makes following each step easy.

Luca may seem a bit abrupt on his course at times but he is straight to the point, no BS and tells you how to do it.  This method resonated with me because there is no thinking outside of the path he teaches.  The only thinking to do is in regards to the niche and keyword selection which is a something he recommends you take you time with.

After taking Luca’s course I wasn’t left guessing I knew what I needed to do.

I feel Luca’s main focus right now is solely on Kindle and that’s where his advantage is, literally every one to two days he is publishing a video on YouTube in regards to Kindle.

Luca’s course offers strategies which other courses I have taken do not offer (I have tried 4 Kindle Publishing courses to date).  These just open your books up to so much more earning potential.

 

Does My Self Publishing Revolution Teach You Everything You Need To Start A Kindle Business?

The short answer is yes.  Even though I started with K Money Mastery Luca’s course has everything you need to know from the basic lessons of finding a keyword, creating the book, cover and publishing.  The advanced strategies which will enable you to multiply the income streams of one book and more.

 

What Would I Have Done Differently If I was Starting Now?

I would have done nothing different, I would do exactly the same thing I did before.

If presented with both of the course I would do as much research as possible.  The internet is difficult to find truth sometimes, I wouldn’t just go off one persons opinion as some people have a hidden agenda.  If you type *** review you will see many people talk about a specific course but their only motive is for their own personal gain and makes a commission from you when you buy the course through their link, they offer no value in return.

I would do several things before considering either course.  I would watch their YouTube videos, search their name and course into google, find out what success they have had, what success their students have had, sign up to both courses and go through the videos to see which style would match my learning ability and if the course had a money back guarantee.

Overall I would choose Luca’s course as I feel it is more straight forward to follow and easier to implement the lessons he teaches.  It is shorter and I don’t think I would have been overwhelmed if I was just starting due to the way it is laid out with all of the lessons fitting onto one page.

You get the feeling from the way he teaches there’s no messing around and do what he says and you will achieve the right results.  My favourite quote from him is ‘Pick the wrong keyword and there is nothing you can do to make it sell’ .

 

What Now?

I have stopped paying a monthly subscription to K Money Mastery and now I will be solely learning on Luca’s course.  I feel that paying the $47 a month is not worth it for a Facebook group.  The content on K Money Mastery is not added frequently enough for me to stay and I’m not quite sure there is anything else he can add.  I have the Facebook group on Luca’s course which if I have a question regarding Kindle publishing Luca will answer within a 24 hour period.

I will keep progressing to my goal, working hard to become financially free and hit my ultimate target of $10’000 a month by February 2017.

 

What Have I Achieved Since I Started With Luca’s Course

  • Increased Revenues on create space.
  • Started to make money from Audio books (without paying for a narrator) 22 sales in my first month.
  • Learned new strategies  to achieve multiple income streams from one book.
  • Learned Pricing Strategies.
  • Learned how to use specific keywords and category to increase rank of my books.

 

How My Royalties Have Changed

Kindle Royalties

royalties-earned-kindle-amazon

 

amazon-kindle-royalties

 

Create Space Royalties

createspace-royalties-april

April Create Space Royalties

amazon-create-space-royalties

May Create Space Royalties

 

ACX Audible Sales

acx-audible-royalties

First Month Selling on ACX Audible

 

My Final Thoughts And Words

Both courses are great value if you want to start a Kindle publishing business.  I have gained value from both and would like the thank Stefan for his course for helping me start a Kindle publishing business.

I have made my decision on changing to Luca’s method due to I find the course easier to follow, has strategies which K Money Mastery does not offer, Luca personally answers most questions in the Facebook group and there is not a recurring monthly payment (if you choose the life-time access option).

 

Main Questions Answered

A lot of people asked me questions about the Luca’s Kindle course and why I changed, here are the main questions answered in this video.


If you are interested in Luca’s course I have added links below, if you sign up through my link  I will give 30 minutes FREE Skype mentoring.

Luca Method ($399 – Life time access) – www.lucamethod.com

Disclaimer: The above links are affiliate links, if you buy through one of them I will gain a small commission but this will not cost you any extra.

 

I hope you found this post useful

ENJOY IT? SHARE IT!

Did you like this post? Share it!
  • 17/06/2016
mike
 

Click Here to Leave a Comment Below 43 comments
Simon - 17/06/2016

Great info many thanks for posting all of that as I am just about to begin the Kindle journey.

Exciting times ahead!

Reply
    thrivethemes - 18/06/2016

    I’m glad you enjoyed it Simon. Kindle can be easy if you have the right guidance.
    I know you will crush it in Kindle, look forward to hearing your progress

    Reply
John - 17/06/2016

Wow what a great read! Really made me think about my business as well! Thanks so much man!

Reply
    thrivethemes - 18/06/2016

    thank you john. I hope your business is going well

    Reply
Saad alazmi - 18/06/2016

Really nice post!

Now i know what i have been missing all this time

Thx mike!

Reply
Khairul Izad - 19/06/2016

That was a really great post with some really valuable insight. Thank you for sharing this Michael.

Reply
    thrivethemes - 19/06/2016

    Khairul your welcome, I feel the post had to be done to let people know my feeling and what I was doing in regards to Kindle.

    Reply
May 2016 Income Report: Back To Bangkok City - 21/06/2016

[…] I explain why I change to the Luca Method in this post >>  Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
Erika - 22/06/2016

Thanks for the info. Coincidentally i too found luca on FB and was considering the program, but did not want to just switch without knowing if it would b comparable to kmm. Your post gave great answers!

Reply
    thrivethemes - 22/06/2016

    Erika
    Glad I could help, I was feeling a bit lost, but now I feel I have direction.

    Reply
jack - 01/07/2016

Hi Mike i have recently purchased k money mastery it is very good and i am in the process of publishing my first book the only problem i have is i think i will have problems getting the reveiws i need i have watched alot of luca,s and stephans videos on youtube and i feel it will be hard getting reviews just through social media would you recommend , signing up for full disclosure membership to help with reviews for the facebook group, Great blog by the way

Reply
    thrivethemes - 04/07/2016

    Hi Jack
    Thank you for your comment.
    I can not recommend full disclosure with KMM as I explained my reasons for changing in this blog post.
    If I was in your situation I would move on to Luca’s course as I feel you will benefit more.

    I felt the same as you when I first started KMM as I knew no different and it is a good course for learning the ropes but there is a lot which you can miss in KMM. Lucas method has just the right amount of videos so you know exactly how to go from point start to finish, no messing around, giving your exactly what you need.

    Just a bit of social proof for you since starting Luca’s course, these are my royalties.
    April = $773.87
    May = $1118.45
    June = $1497

    These royalties are with no added book. 12 books in total. I applied what Luca taught in the course to achieve this.

    Reply
"E-Commerce: Dropshipping"-What is dropshipping ? - I Do Challenges - 06/07/2016

[…] pays off with a consistent grow in the monthly income from his Kindle books. On the recent post, Why I Stopped Kindle Money Mastery, he openly shares with everyone the comparison between the two most famous Kindle courses out there […]

Reply
Questions Answered About Self Publishing Revolution - 06/07/2016

[…] My original blog post which I have received a lot of questions from is Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution. […]

Reply
Start Here - - 07/07/2016

[…] Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
About Michael - - 28/07/2016

[…] One of my big posts on changing from K Money Mastery to My Self Publishing Revolution […]

Reply
Selling Kindles Books on Amazon: My Progress with K Money Mastery - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
K Money Mastery: 3rd Month Progress on Amazon Kindle Business - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
K Money Mastery: 4th Month Progress on Amazon Kindle Business - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
K Money Mastery: 5th Month Progress on Amazon Kindle Business - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
Kindle Publishing: 6th Month Progress With My Amazon Kindle Business - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
Kindle Publishing: 7th Month Progress With My Amazon Kindle Business - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
K Money Mastery Progress: Free 5 Day Promotion On Amazon Kindle - - 01/08/2016

[…] In June 2016 I officially changed to My Self Publishing Revolution, find out why in my blog post: Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
August Income Report: Isaan & New Business - - 09/09/2016

[…] Thinking back now I wonder how different things would have been if I had not changed to Luca’s Kindle course, the rate of growth has been amazing from $600 to over $2000, this just shows that choosing the right method and implementing the lessons can change everything.  Here is a detailed reason of why I changed to Luca’s course –  Here is Why I Stopped Kindle Money Mastery and Started My Self Publishing Revolution […]

Reply
My First Testimonial, SWEET!! - - 13/09/2016

[…] Three months ago I officially changed the Kindle course I was learning from as I felt Luca’s Kindle course was a better course.  After changing the course I felt I had to explain my reasons for why I changed so I wrote a post on the reason for the change. […]

Reply
My First Mentoring Testimonial, SWEET!! - - 13/09/2016

[…] Three months ago I officially changed the Kindle course I was learning from as I felt Luca’s Kindle course was a better course.  After changing the course I felt I had to explain my reasons for why I changed so I wrote a post on the reason for the change. […]

Reply
About Michael - - 31/10/2016

[…] One of my big posts on changing from K Money Mastery to My Self-Publishing Revolution […]

Reply
May 2016 Income Report: Back To Bangkok City - - 31/10/2016

[…] I explain why I change to the Luca Method in this post >>  Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution […]

Reply
Questions Answered About Self Publishing Revolution - - 31/10/2016

[…] My original blog post which I have received a lot of questions from is Why I Stopped Kindle Money Mastery And Started My Self Publishing Revolution. […]

Reply
Income Report October 2016: Slow Improvement - - 05/11/2016

[…] To learn how I trebled my Kindle royalties from $600 to over $2000 a month you should check out Self-Publishing Revolution. It helped change my fortunes after I changed Kindle courses. […]

Reply
Bella - 14/01/2017

Hi Mike,

Is it possible to upgrade from monthly to lifetime and apply the monthly towards the lifetime?

Reply
    thrivethemes - 22/01/2017

    Hi Bella
    Sorry for the late reply, sorry the upgrade you will have to pay full price for it. Nothing I can do about that

    Reply
Income Report February 2017: Return To Hubba - - 07/03/2017

[…] The only way I could have achieved this is with the help of Luca and his course Self-Publishing Revolution.  I only have 17 books, so averaging around $100 a book is great for me, a quick ROI on my investment.  If you’re interested in hearing more about the moment which changed my Kindle journey check out after I changed Kindle courses. […]

Reply
Devin - 12/03/2017

Epic post, thank you for sharing all your numbers and opinions.

In my newbie experience it seems close to impossible to find a profitable niche. Lots of pros producing great books. Besides Kindle Spy, is there a faster way to research what a profitable niche and keyword might potentially be?

Reply
    thrivethemes - 03/04/2017

    Finding profitable keywords is one of the hardest things to do.
    It takes time and effort and there is no real way around it except just working hard and put in the hours

    Reply
Jack - 04/05/2017

Hi Mike, thanks for the informative post. Was going to earn you that commission by ordering through your link but it seems it doesn’t work. Just a heads-up. Drop me a message on how things look from your end.

Reply
    thrivethemes - 31/05/2017

    Hi Jack
    It seems the monthly one is off now, not sure why, go through the life time one and then click on the x in the top right corner to leave the page, then click on stay and that will take you to monthly payments

    Reply
Joshua - 26/09/2017

Would you say Luca’s methods and algorithms are still applicable now in late 2017? Surely Amazon has improved and found ways to weed out fake reviews and similar books etc? It’s just a big investment and i want to make sure I really get my money’s worth investing in this

Reply
    mike - 26/09/2017

    Hi Joshua
    Amazon has been on the Warpath with the fake review recently, they have been getting smarter as you would expect with reviews.

    The methods in his course still work, the only thing I would be cautious with is the review part as Amazon is coming down harder than ever on publishers manipulating their system.

    I go into depth on the situation in this post: http://www.freshbelief.com/why-you-need-to-stop-review-swapping-now/

    If you build up a brand around your book and bring in genuine readers which Marta will help you within her course Publishing Email Success you will be OK.

    Reply
AB - 13/10/2017

Hi Mike,
I am considering buying the SPR program but, as is a common issue, I am lacking start up funds.
After the initial purchase, how much investment funds are needed to get books up and running and how long until profit will show?

Also, what can we expect from a 30 min Skype session with yourself?

Many thanks

Reply
    mike - 02/11/2017

    Hi AB
    Sorry for the late response.
    You will need about $300-$400 to start with your first book, I can not say how long till you break even that will be down to the promotions you do and how much of a good launch you perform.

    The best thing about SPR is the keyword research, categories and the keyword pyramid.

    On the other side I have seen people become profitable in 2 weeks, but on Kindle you don’t get paid for 60 days and CreateSpace you don’t get paid for 30 day.

    Reply

Leave a Reply: