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Untold truths about Making $100 with Amazon KDP. - Education - Nairaland

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Untold truths about Making $100 with Amazon KDP. by OlayinkaJims5(m): 7:47am On Sep 30, 2022
Nigeria is a good nation with so much potential for greatness.

We believe that it is well with Nigeria.

Happy Independence Day Nigeria ��


Happy new month.



Do You Know?

As at July 27, 2022, $1 became 710 Naira. As tiny as $1


That means, $10 translates to 7100 Naira.
$100 equally means 71000 Naira.


In Nigeria's present situation of things, there
are people who are being paid a little above
$10 every 30 whole days…

that is, if your employer has a good money management skill.


Throughout this period, we are not considering the hard work, the late nights sacrificed,

the medications, the loans taken just to make ends meet, and at the end of the day we wait to get paid between N5,000 to N10,000 …every 30 days.


How can you possibly make savings?

You need 12 months of die-hard saving if you
earn 50,000 monthly to make roughly $845…
A year!!!


At this critical point in time, the importance of
earning and making savings in dollars cannot
be overemphasized.


Which brings me to this question…


What have you been doing recently to
generate more dollars for yourself?



Let's be honest here.


With your smartphone, doing the things you
need to do to make money at this point is
easier than 20 years ago.


Then, it was all laptop based.


I remember way back when I used to have
those Nokia phones…

Nokia ExpressMusic,
Nokia 3310, 3320 and their likes.
They were smartphones in their own time but
it's very unrealistic to compare them with these Androids now.


While we've upgraded and become smarter in
everything about us…

- Mode of dressing
- Taste in music
- Way of communicating, etc




We still have people whose jobs are slaving
them for peanut salaries every month.

Not to talk of owing them for 1 month or even more.


The point is, if you are among those categories
of people, you should have a rethink.
You deserve better, and you can earn more
deserving income using your smartphone
today…even in dollars.


With platforms like Amazon, selling products
for free is almost easy.


All you simply need is the right information to
make things right.





Amazon KDP

KDP (Kindle Direct Publishing) is Amazon’s
book publishing platform that can be used to
self-publish a book online, which readers can
purchase as an eBook or print-on-demand
book.


You can publish books either long reads
(books with hundreds of pages)

short reads (books with fewer pages) or even
low/no-content books like...

Notebook, log book, sketch book, coloring
books, puzzle books, activity books etc.


for FREE and get patronized from all over the
world by over 300 Million active customers of
Amazon, and also get paid directly into your
bank account here in Nigeria.



How does KDP Publishing work?


KDP Publishing is a platform for authors to
self-publish eBooks and paperback books.
For eBooks, authors can directly upload their
book files, and it will appear in the Kindle store
as an eBook for readers to purchase and
instantly download.


For printed books, authors upload their book
files and KDP Publishing uses
print-on-demand technology to print the
paperback book once it’s purchased; the
printing costs will be subtracted from the
royalties you earn from every book sold.
Here’s how KDP Publishing works:


Step 1 – Upload your book files to Amazon
KDP.

Step 2 – Publish your book to the KDP.

Step 3 – Let readers purchase your eBook and
instantly download it to their device.

Step 4 – Let readers purchase your paperback
copy and Amazon’s KDP platform will use
print-on-demand technology to print and ship
your book directly to the reader once
purchased.

Step 5 – Amazon will pay you book royalties
per book sold on the KDP platform.


Now let's say you create and publish a kindle
ebook book and price it at $5.99.
Assuming 100 people buy that book on
Amazon in a month…

That's $599 for you.

Now convert that figure by the current dollar
the rate at N710/$1…


That's N425k…in one month!!!

Now what if you have more books or what if
you even priced your book(s) more than $5.99
(as in the example above)?


I'll let you wonder about that.

Why publish on Amazon KDP?


Unlike other online businesses, this is totally
different because…

t's FREE to publish on Amazon.
.
It's less stressful to start.


it pays higher than many online business.

You don't necessarily need to generate
leads before selling.

You don't even need to spend money on
Ads (until you start generating sales).


How much does it cost to self-publish on
Amazon KDP?


It is free to publish a book on Amazon KDP. It
does not cost you anything directly.


However, if you are selling paperback books
on Amazon, the cost to print the book will be
deducted by Amazon from your book royalties.


This means that when you sell a paperback
book, you will essentially pay for the price to
print the book..

How does KDP royalties work?


Amazon’s Kindle Direct Publishing pays its
authors through royalty fees.

There are two royalty fees to consider: the eBook royalty rates, and the paperback royalty rates.


The royalty rate for eBooks is 35% or 70%,

depending on which royalty rate your book is
eligible for.


The royalty rate for paperback books is a fixed
60% royalty rate.


For each royalty rate, this means that you will
receive the % royalty rate of your book’s list
price.

When does KDP pay?


Amazon KDP will pay your royalties to you on
the 28th day of every month, approximately 60 days after earning your royalties into your US bank account. [ I will teach you how to create one]


However, your royalties must reach a minimum amount before they can pay you.



If you want to know more about Amazon kdp and get started with Amazon kdp

Let me know in the comments.

Re: Untold truths about Making $100 with Amazon KDP. by Killerbag36: 8:17am On Sep 30, 2022
Waste of tym none of them de work no lie bro
Re: Untold truths about Making $100 with Amazon KDP. by OlayinkaJims5(m): 1:51pm On Sep 30, 2022
Ignorance is bliss.

When the purpose of a thing is not known abuse is inevitable.


Killerbag36:
Waste of tym none of them de work no lie bro

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