Are you an entrepreneur who dreams of becoming an Amazon bestselling author? Or maybe you’ve already written a book, but it’s been sitting on your computer for years, gathering dust? Or you’ve had an amazing book in your mind for years and decades?
This blog is for you if you’re ready to take action and make your dreams come true.
So what are you waiting for? Start reading and learn how to make your bestselling book dream a reality!
Research Your Market
To make money with your Amazon bestselling book, the first step is to research your market. You need to find out your target audience, their needs, and what kind of books they’re already buying. The easiest way to do this is to go to Amazon and type in some keywords related to your book topic.
For example, if you want to write a book about weight loss, you might type in “weight loss,” “diet,” or “fitness.” Take a look at the results that come up. Look at the titles and descriptions of the books that are selling well.
Find a Hot-selling Book
Once you’ve done your research, it’s time to find a hot-selling book in your market. The easiest way to do this is to go to Amazon and type in your keywords again. This time, take a look at the bestsellers list. This will give you a good idea of what kinds of books are currently selling great.
Look for Reviews
Reviews are a gold mine for ideas and challenges that people are facing. You can get inspired by reviews to start writing your own. Again, go to Amazon and search for the book’s title. Scroll down to the reviews section and take a look at what people are saying about the book. This will give ideas of what kind of books are selling well in your market, and it will also give you a lot of great ideas for your own book.
Check the Price Point of Your Book
You’ve done your research and found a hot-selling book. Now you need to check the price point of your book.
Every day there are thousands and thousands of new books published on Amazon. In order for your book to attract people’s attention, you have to price your book appropriately. The price point is an important factor for customers in deciding to buy your book.
You don’t want to price your book too high. The best way to do this is to go back to Amazon and search for your book’s title. Then, scroll down to the “Product Details” section and look at the list price. You want to price your book somewhere in the middle. If the list price is $15, you don’t want to price your book at $19.00. The paperback’s sweet spot is around $8.99 or $9.99. This way, you can get 70% royalties from Amazon and still make more book sales.
List Your Book on Amazon.
After you’ve done your research, found a hot-selling book, and checked the price point, it’s time to push the magic button to publish your book on Amazon. I know this is a magnificent moment for you. You have been working your butt off to research and write your amazing book. It’s time to show your masterpiece to the world. Go to Amazon.com, sign up for a free account, and follow the instructions.
Promote Your Book
Here are some insights I want to share with you. Keep in mind; It doesn’t mean you are going to get rich overnight just because you have published your book on Amazon. Your book can’t sell by itself because nobody knows you yet. You have to do some marketing. Even famous authors have to do marketing to promote their books. So you are not exceptional.
You need to start sharing your book-writing journey with your audience before you write down your first word. You have to build your audience and readership ahead of time
If you have a website, it’s great. You can add the link to your website and share your website on social media. What I have learned about marketing is that you have to show it to your audience at least seven times before they buy from you. That means you need to continue to promote your book along the way. There is never too much promotion of your book.
Conclusion
Making money with your Amazon bestselling book is a great way to make passive income as a writer and an entrepreneur. But you don’t have to stop here. You also have so many opportunities to monetize your bestselling books, such as turning them into a coaching business, speaking engagements, online courses, and much more. It is important to research, find a hot-selling book before you write your book, and price it correctly. It’s also very crucial to promote your book and create more streams of income from your Amazon bestselling book. If you do all of these things, you’ll be well on your way to success.