Passive Income Ideas: How I Made Thousands in One Day

About this video

The creator explains his Kindle / self-publishing model as passive income and attributes a large one-day result to it. He says he found profitable keywords people search for on Amazon, published books targeting those keywords, and ranked on page one so Amazon shoppers find them organically without much ongoing marketing. He illustrates with a ketogenic diet book, pointing to Amazon Best Sellers Rank, price and royalty estimates to infer daily sales, and notes self-published books can earn from Kindle ebooks, paperbacks and Audible audiobooks from a single title. He says books do not have to be written by the publisher: ghostwriters can be paid a one-time fee, a cover can be bought cheaply on Fiverr and publishing on Amazon is free, though pen names are allowed. As proof, he claims that on January 29 he made $1,091 from ebooks and paperbacks, with additional page-read and audiobook income bringing his estimate to close to $1,300 that day, helped by a monthly expanded-distribution payment from other bookstores buying in bulk. He stresses this was not an everyday result, while also claiming $140,000 in the previous year from self-publishing alone and that he typically recoups a book’s cost in one to three months.

Key takeaways

• The model is: find a profitable Amazon keyword, publish a book for it, rank on page one, and collect organic sales
• One book can produce three income formats: Kindle ebook, paperback, and Audible audiobook
• Production can be outsourced to a ghostwriter for a one-time fee, with a cheap Fiverr cover and free Amazon publishing, or written yourself for lower cost
• The creator attributes about $1,091 in ebook/paperback royalties on January 29, plus page-read and audiobook income, to a total near $1,300 that day, aided by monthly expanded distribution
• He says pen names are permitted by Amazon and that he usually makes back a book’s investment in about one to three months

Episode details: published February 11, 2019 · 14:11 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Sean Dollwet’s own claims, shared for education — they are not typical or guaranteed.

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