K Money Mastery: 3rd Month Progress on Amazon Kindle Business

K Money Mastery 3rd Month Progress

 

K Money Mastery course has kept me focused on my goal of becoming location independent entrepreneur, this month I implemented more things that I forgot to do from the start of the course and learnt from the mistakes I made the previous month.

 

K Money Mastery 3rd Month Progress

 

First Week

The first day of sales went excellent I had 3 sales of one book and 1 sale of another, I was pretty excited, I started doing the math and worked out I would make $255 from my first 2 books if they kept this up everyday I was pretty excited that it was working.

The second day took a dip and went down to 2 sales, I don’t know how many times in the day I checked the report for my kindle sales but this had turned into a new obsession which I couldn’t shake, I was check my account ten times in that day alone.

One of my books was making no sales for 3 days and it was plummeting in its Amazon Best Seller Rank so I changed the price to 99 cents as having one sale is better than no sales.

The first week had gone well, good for one book and another book didn’t make many sales, for me this was a back up to Stefan’s original words of do two books so you don’t feel disheartened if one doesn’t do good.

After one week of selling, both of the books did well, with one at 99 cents and the other at $2.99.

In the first week I made $21.80, for me this was more proof that the system worked and if I chose I could make money from kindle books hands off.

 

Having Books Extended

After seeing my books selling I wanted to have my books put onto create space so I could sell paperback versions.  I went back to WriteArticlesForMe.com and had them extend by 2500 words.  I would now have to wait till January to have the updated books.

 

Writing 3 More Books

I knew I wasn’t going to make money from just two books and  had to scale up if I was going to make some serious money from kindle books.  The first time of finding my book niche was a long process so I found and bought the software KDSPY.

KDSPY does the hard work for you when you are looking for a new niche, it will bring up all the important information for you in seconds,  check out my review of KDSPY, click here

KDSPY-Tool

 

After buying KDSPY I started researching more niches in similar categories to what I already had, after researching I found a similar niche which I believe will make me around $100 – $200 a month based on the other books Best Seller Rank.

I also found two niches which were unrelated to my original niche.  I saw huge potential in the niche as many of the books selling in that niche from the first book to the twentieth book were all making money.

During November Write Articles For Me increased their price from $1.5 per 100 words to $2.5 per 100 words, this changed my whole plan on producing books and had severely changed how I would build up my kindle book business.

I decided to try two more companies.  This time I had one book written by WriteArticlesForMe.com, one book written by EpicWrite.com and two books written by EWriteSolutions.com.  The reason why I chose to have two books written by EWriteSolutions.com was due to having heard good things about them and their price was cheaper.

 

2nd Week

One of the books was at $2.99 and the other was at $0.99, the book at $2.99 started to drop with the increase of new books being produced in the niche I was in and old books rising up.  My $2.99 book started to drop and the sales started to drop.  I decided to change the $2.99 book to $0.99 to give it a chance to gain some much needed sales to try and help boost it back up into the top five of the niche.

I went back to the same guy who did my fiverr gigs before, gave him the titles and he promoted them for me.  I also submitted them into KDROI, software which submits free and $0.99 books to kindle book websites.

 

3rd and 4th Weeks

The sales were like a roller coaster, going up and down,  with both of my books staying on the first page at 99 cents they were still selling well, I did another promotion with a spike in sales on 22nd December, this could have been due to Christmas and the promotion combination.

 

Amazon KDP Sales

 

As you can see in the second week my book position had dropped and in turn the Kindle unlimited reads had also dropped.

Amazon KDP Kindle Unlimited Pages Read

 

 

Amazon KDP Royalties

For the month of December I had the goal of $200, disappointed I did not achieve this but at the same time I am happy to have earned $85 from a new business which i never thought was possible to earn money from.

 

Trying New Writing Companies

Like I said above I tried new companies due to the price increase of WriteArticlesForMe.com, these are my thoughts on each company.

WriteArticlesForMe.com: I have had three books written by WriteArticlesForMe.com so far and all of the books have been of good quality.  The customer service is good, when my first 2 books were late they were quick to email me back to reassure me and also gave me some extra pages for free for the book being late.  Generally you will be waiting around 3-4 weeks for your book but the time is worth the wait.

EpicWrite.com:  As of now I have been waiting four weeks for my book, I still have not received the book.  I wrote an email asking where my book was, they told me it was finished and sent me a copy of it, however they sent the wrong book, I emailed them back, and to this day 13th January 2015 I still haven’t received my book from them.

EWriterSolutions.com: I had two books written by E Writer Solution.  Both books were well written however one of the books had some spelling mistakes, I am not sure whether they were trying to shorten the words but if they had used longer words it would have looked better and would have brought up no problems.  The time scale was unbelievable with the books written in less than a week, one of the books was written in four days.

 

As of now I will be using EWriterSolutions.com, even though the book did have those spelling errors they were quickly picked up by F7 on Microsoft word and the rest of the book was good quality, I do really like WriteArticlesForMe.com however their price just pushed me away and at this moment in time I just can not afford their prices.  I will however keep them in mind once my business has grown bigger

Buying new software and services to try to gain an edge

After the free promotion I was trying to give myself an advantage over my competitors so I searched the internet for software which I could make my life easier and cheaper.  After hours of searching I found 2 pieces of software and 2 services to help me.

 

KDSPY

KDSPY is a fantastic piece of software which makes niche selections 1000% easier and will save you a lot of time.  Instead of manually searching for Keywords, you just put them into the search bar and it will come back with all the results you need, from how many pages, Amazon Sales Rank, Estimated Sales and revenue.

My first two books I spent hours searching for niches to go into, and if I had this tool I would have never gone into one of the niches I selected as now I have done the research into this niche and very few books are ranked above 100’000 Best Seller Rank.

Check out my review of KDSPY Here

 

KDROI

KDROI is software which will quick and painlessly submit your books to 30 websites.  It has three options, Free Promotion and 99c Promotion.  All the promotions have to be submitted 7 days in advance.  I have not tested it to its full potential but my books have been posted to all the websites they stated in the software.

 

Back End

Email List

Everyone on K Money Mastery’s Facebook group had been talking about the back end and creating an email list in November so I created my own.  I now realize how important this is for selling future books and selling other items to them.

For my email list, I went with Aweber, I had used Aweber before but I canceled after one month due to not knowing how to use an email list, how to set one up and how effective it was.  Stefan teaches in the advanced membership how important an email list is.

I took the one month trial for $1, with a money back guarantee if it didn’t work for me, however this time it was right, I gained 18 email subscribers since setting it up for both of my books.  I regret not having it in place before the start of my free promotion but will have it all right before the next free promotion

 

Squeeze Page

A squeeze page is how you gain your email subscribers by having them sign up through a page which you offer something in return for them signing up.  I used a company called Lead Pages which makes creating a squeeze page very easy to do.

This is a page which I created in five minutes this includes the quick front cover, I created the front cover on Canva.com not the best but just to show what can be done in a short amount of time.

Lead page for K Money Mastery

 

 

New Goal

Last month I didn’t hit my goal of $200, however I know I can get to my goal of $250 from my books.  I believe I can do this with my first two books ready to go live in the next few days and the other two books ready to go soon I see the $250’s should be surpassed by the end of January.

 

Conclusion

For my first two books I didn’t really expect to make any money from them, funny to think that I had a goal of $200 for them.  This first books were more of a test to see how the system worked, and for me to make $85 is quite a good feeling.

 

I have seen gradual increase in sales and profits.  I see myself having a better month in January with six books on sale it will help me make a better passive income then before.

 

UPDATE

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

 

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.

 

Here are the links to software and services I use.

Kindle Niche Research: KDSPY

Kindle Book Website posting: KDROI

Email List: Aweber

Squeeze Page: LeadPages

 

 

Warm Regards,

 

Michael

 

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