How to Partner with Amazon to Create an Instant Stream of Monthly Recurring Revenue
Ty Cohen - How to Partner with Amazon to Create an Instant Stream of Monthly Recurring Revenue
Grew up in Father Panik village housing project during the days of crack cocaine and heroin
Most of his old friends are either dead or in jail
Born with sickle cell anemia wasn't expected to live past age 17
2 hip replacements one at age 20
Had to relearn how to use his arm
Sister died of sickle cell anemia when he was 12
Did a bunch of bad things as a kid and went on a self destructive path.
Started carrying two guns on him as a teenager
Didn't think much of his life until two very important events took place
A book by Les Brown changed his life.
Amazon kindle publishing
Now travels the world with his family
Now has 2 app companies on top of his Amazon publishing business
You need to cut out the distractions get focused before you try other things
7 billion devices support Amazon kindle
Amanda Hocking over $2 million
Stephen Leather 2K eBooks a day
John Locke first person to sell 1 million titles in a year
It's a real business
You are partnering with multi billion dollar brand
System that's easier to make money with month after month
You need to pick a market that wants to buy products
Price ebooks so they generate the most profit $2.99 to $9.99 pay 70% royalty
Sell them an ebook get them on your mailing list and sell them other products
You can make more money selling ebooks on amazon in a month than you can selling regular products in a year
Don't have to drive traffic
2 step process
A little bit of research to find an idea
$100 to start
Desire to repeat process - each ebook is a passive income stream
3 step process
Step 1 Google keyword planner - to find hot topic and killer title
Search term
All locations, all languages, google and search partners
Focus on terms that get 10k to 100k average monthly searches you can add the ones that are tightly related
If it's more than 100K it's too big, less than 10K not enough potential
If you do the work make sure it isn't a fad or seasonal focus on evergreen
Use this to come up with titles - Meaning of Dreams and Dreams and Their Meanings
If you craft titles correctly you increase odds of rank in Amazon and Google
Double and triple your sales with the right titles
Women buy most of the eBooks on amazon - make the title descriptive what they will learn/get out of it
eCover needs to stand out - men pay more attention to this
Description of your book is also very important - what we will learn, who are the characters
The title, ecover and description are more important than the content. Don't publish garbage but it needs to sell
Use "How to" How to stain your deck like a professional vs Learn to stain your deck - 1st one will sell better
Quickest way
Fastest way
Easy ways to
Tips to
Take how to *topic* into google keyword planner i.e. how to garden
After you research create the content
Get someone else to write for you should cost $100-$125 99%+ books that Ty has done he's done it this way. Most of them he hires via upwork.com tell them the subject and give them a little bit of research and show them some physical books that are selling well. eBook reviews can give you a ton of information. Model don't plagiarize. 25-35 pages approx. 400 words a page no wider than 1.5 inch margins 10 pt font Times New Roman. Index. Summary 1 to 1.5 paragraph Doesn't include images in book
Speak it
Write it yourself
Keep reinvesting in your books
Step 3 upload your books
On average around $500 a month in sales per book
Do the work once and your books keep selling
It grows month after month
How do you format a book?
Microsoft
Do you use your own name?
No, use different names for each niche
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