How you can earn money by publishing a book on Kindle and how to publish it.
How to earn money by publishing a book on Kindle?
Earning from royalty:
When you publish your book on KDP, you earn royalties on every copy sold. KDP offers two types of royalty plans: 35% and 70%, depending on the price and geographic region of your book. For the 70% royalty plan, the book price should be between $2.99 to $9.99.
KDP Select Program:
You can add your book to Amazon’s Kindle Unlimited (KU) and Kindle Owners’ Lending Library (KOLL) under the KDP Select program. KU members can read your book for free and you get royalties based on per page read. This can increase the reach of your book and your earnings.
Global market of readers:
Through KDP you can deliver your book to millions of readers around the world. This not only helps in increasing the sales of your book but also increases your brand value, which can increase your reader base and increase the sales of your other works in future.
Cost Saving:
In traditional publishing you have to pay huge costs for editing, cover design and printing, but through KDP you can publish your book without any upfront cost. This way you can earn more profits.
How to Publish on Kindle?
Create KDP account:
First of all you have to go to KDP website and create a free account. You can also login with your Amazon account.
Prepare the book:
Prepare your book in the correct format. KDP accepts certain formats for your book (e.g. DOC, HTML, MOBI). Also pay attention to the cover design of your book because an attractive cover draws readers. You can also create your own cover using KDP’s cover designer tool.
Upload Book:
When your book is ready, upload it to the KDP platform. Additionally, fill in information like book title, author name, description, and keywords. This description will help your book get found on Amazon.
Set price and royalties:
You decide the price of your book and choose between a 35% or 70% royalty plan.
Press the publish button:
After filling all the information correctly click on “Publish” button. Your book will be live on Amazon within 24 to 48 hours.
Kindle Direct Publishing is an easy and effective way to not only convey your ideas to the world but also earn good money from it. This is a great platform for writers, where they can take their career to new heights without any huge investment.