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Amazon Amazon KDP

How to use Kindle Create to Format your E-Book

If you haven’t done so already download Kindle Create now. Click Here. Once you have downloaded it you should see the icon below and now you are ready to get started.

Once you open the program the first screen that will appear will be the one pictured below. This option is pretty easy and straightforward since this is probably your first time exploring the Kindle Create program. Click on “New Project From File”. For the sake of completeness- if you need to get back into an existing book or project you will just need to click on “Resume Existing Project”. 

This next section will be one of your first big choices. What kind of book are you going to publish?

You will notice that, depending on the option that you choose, your original document will need to be in specific original formats (.pdf, .doc or .docx). You may be wondering why there aren’t options for children’s books, comic or manga. Those categories each have their own specific programs supplied by Amazon. If you would like to check them out Click Here

Once you have uploaded your manuscript it is time to actually get started.

Soooo… Click on “Get Started” as seen in the graphic below.

One of the first things that you will notice once the program loads will be the “suggested chapter title” box. This is the easiest way to select or deselect the pre-chosen chapter titles. Pro Tip- This is an easy way to jump between chapters while you are working on formatting your book.

DO NOT press “Accept Selected” until you are sure that all of your chapter titles are listed and your non titles are not listed. If you inadvertently do so you can “fix it” but it is much easier if you accept the chapter titles at the end of the process.

As you can see in the sample shots above and below the fonts of the chapter title will change depending on if you have it selected as a chapter title or not. If you have a page start selected as a chapter title it will automatically be changed to the format of the chapter title that you have selected.

There are two main areas that will help you to edit, adjust and format your book. We will split them between the left and right hand side. The left side deals primarily with the content of your book. The right hand side deals primarily with how your book will look when it is formatted.

Left Hand Side

In the next three sections we will be going through the frontmatter, body and back matter options available in Kindle Create. None of these options are mandatory to choose to have in your book. 

Under the front matter tab you will have access to 10 different parts of a standard book. You don’t have to use every or even any of them but they are there for you to use if you choose to do so. If, like me, you aren’t a literary professional you might not even know exactly what some of these options are. That being said; see below for definitions of each option.

Title Page- The title page of a book, thesis or other written work is the page at or near the front which displays its title, subtitle, author, publisher, and edition.

Copyright- The copyright is the right to copy a work. Copyright prevents bookstores from buying one book from the author, making copies and then selling them to its customers. The customers are not just buying the book; they are buying the author’s intellectual property: the story, the characters and the setting.

Dedication- A book dedication is a way for authors to bestow a high honor on a person (or small group of people) they want to praise or otherwise spotlight. The dedication usually goes on the dedication page, which is in the very front of the book, after the Title page.

Epigraph- An epigraph is a quote, paragraph, or short excerpt typically found at the beginning of a book.

Table of Contents- A table of contents page lists out what the book includes. This can be section topics, chapter titles, and discussions. In fiction (novels), the table of contents lists the chapter titles and the pages they’re found on.

Preface- A preface is an introductory passage written about a book by its author. The preface presents the opportunity to introduce yourself, the book, and any previous projects or experiences that might have informed it. Prefaces are your chance to tell the book’s story — the story of how it went from a thought in your head to a book in our hands.

Introduction- An introduction (also known as a prolegomenon) is a beginning section which states the purpose and goals of the following writing. 

Prologue- A prologue is used to give readers extra information that advances the plot. Authors use them for various purposes, including things like giving background information about the story.

Foreward- A foreword is a piece of writing that serves to introduce the reader to the author and the book, usually written by someone who is not the author or an editor of the book. Forewords can also serve as a sort of endorsement for the book.

Standard Page (Front Matter)- This page generally just has the title of the book in plain text on it.

As you can see above there are two options available in the “Body” section. 

Part Page- This is how you will most easily be able to add parts to your book. As in “Part 1”, “Part 2”… ect. There are other ways to add “parts” into your book but this is by far the easiest way.

Chapter Page- As with the “part page” option this is the easiest way to add a chapter into your book should you have forgotten to add it into the original manuscript upload or if you decide to update your book post publication.

Books By This Author- This option is a great way to let the readers know about other books that you may have available for them to read. Pro Tip- You can always go back and update prior published manuscripts with more “books by this author”.

About The Author- Here is where you can tell your reader a little about yourself.

Books In This Series- Is this book part of a series? If so, this is where you get to tell your readers. Pro Tip- Just like the “books by this author” section you can go back and add this to your original manuscript if you decide to expand on your book and make it the first in a series of books.

Praise For Author- This is where you get to “toot your own horn” so to say. If you have received accolades or letters of endorsements this is where you should tell your readers about them.

Epilogue- This is the final chapter at the end of a story that often serves to reveal the fates of the characters. Some epilogues may feature scenes only tangentially related to the subject of the story. They can be used to hint at a sequel or wrap up all the loose ends.

Afterword- It generally covers the story of how the book came into being, or of how the idea for the book was developed.

Acknowledgement- The book acknowledgments section is where you recognize and thank everyone who helped you with your book. It’s a way to display your appreciation to them in a public and permanent forum

Standard Page (Back Matter)- When this option is chosen it is often the same as the standard page (front matter). It is normally just the title of the book in plain text.

Right Hand Side

Now for the options on the right hand side of the page. This is the side of the page that you will decide how your book and elements therein will look.

The checkbox at the top of this section “Cascade formatting changes for elements” will allow your changes to affect or not affect all of the applicable sections within your book. 

~Elements on Page~

Chapter Title/ Chapter Subtitles- This is where you can add chapter titles and subtitles (these will also show up in the floating “suggested chapter title” box that we discussed earlier) that did not show up in the suggested section.

Chapter first paragraph- Have you ever noticed how the first letter in each chapter is in some (many?) books are much larger of a type? Well this is where you can quickly and easily make it happen.

~Standard Elements~

Subheading, block quote, poem, *** (separator), opening quote and opening quote credit are the elements available to format in this section. Below are the definitions of the elements available in this section. 

Subheading- A subheading appears at the beginning of a page or section and briefly describes the content that follows.

Block Quote- A block quotation is a direct quotation that is not placed inside quotation marks but instead is set off from the rest of the text by starting it on a new line and indenting it from the left margin.

Poem- This is pretty self explanatory. If you have a poem that is going to be part of your book then select this option. It will automatically format the poem to be centered on your pages and formatted correctly for poems.

*** (Separator)- This is used to add a separation or a change within a chapter.

Opening Quote and Opening Quote Credit- This option is used in conjunction with the Epigraph option discussed above.

The formatting options (see above) in the right hand section are all of the basic and advanced options that a user of google docs, microsoft word or other such programs will be very familiar with using. As such, and since they are not exclusive to KC, we will not spend much time defining what the various options are for.

The last set of options/ settings that we will go over are available at the right top of the page (and pictured above).

Print Settings- This is where you can choose how your book will look when it is in print.  

Theme- As seen above the various options of the themes will change the way that your book will look. Different themes are better fits for different kinds of books or subject matter. 

When you click on “save” you will be prompted to save your manuscript to your designated device. It will prompt you to save your manuscript as xxxx_KC with the type .kcb. When you upload your manuscript in to KDP (Kindle Direct Publishing) it will generally need to be in this format or a PDF.

The previewer option will allow you to see how your book will look on a tablet, phone and/ or E-reader. This option is very important to pay close attention to. Just because your manuscript looks correct on your computer screen does not mean that it will look correct on other devices. Take the time to ensure that your book is formatted correctly to read correctly on all available devices.

Once you are happy with the way that your manuscript looks you are ready to click publish. This will save your manuscript into a publishable packet for ease of upload into the KDP system.

Decision Chart

(This chart will help you to decide which of Amazon’s publishing/ formatting programs that will be a best fit for your book) 

Don’t forget to join our community of amazing like minded people over on our Facebook page. Hop on the Facebook Weirdmoneyco train… CLICK HERE to join! 

Categories
Amazon Amazon KDP

How to Publish a Book on Amazon

Self Publishing on KDP

Publishing Your Paperback on KDP Explained

If you have already read through and followed the steps to publish your ebook version then much of this will look the same. I have made the notes in the differences colored in RED to make it easier to see the differences.

Here is a  full breakdown of the steps and explanations thereof to make it easier on you!

                  1                                     2                                        3

Page 1 of 3

Information that you will need to enter- 

Everything on this page will (should?) auto populate if you have already published your ebook.

Title- This is the title of the book that you are going to publish. You will want to make sure that this matches the title of the book in your manuscript that you will be uploading a little later in the next section If it doesn’t it will normally get flagged by the Amazon KDP algorithm.

Author- This is the section that you will need to enter the name of the original author of the book. If you are the original author then your name will go here. If you are publishing an open domain book then the name of the author will go here.

Is it part of a series?– This is one of the few “optional” sections that you can choose to fill out. If your book is part of a series or you think it might be part of one eventually this is where you will put the name. Just like most parts of KDP you can go back and edit it even after it is in “publication”. I prefer to sort my books into series (i.e. childrens books, cookbooks, fairy tales, ect.) mostly for my benefit but there is also a benefit for the sales of your books in that series. If you have ever looked at a book for sale on Amazon and seen the next few books in that series suggested to you this is where that “suggestion” comes from.

Edition- Is the book a specific edition? If so this is where you will make the customers aware.

Book Descriptions- This may seem frivolous or something that is not super important but that couldn’t be further from the truth. How will you be able to differentiate yourself from the other versions of your book that are already listed? This is the first way for you to do so! Also, this will help your book to more easily be found by potential customers as they search. 

Keywords- As with the section above, the keywords that you use will assist your book in being found by future customers. Research what keywords are best for your book. Treat this just as you would researching keywords for an optimized blog post. You can have up to 8 keywords listed per book. 

Categories- Pick the category(ies) that your book best fits into. Up to two of them. Amazon will also classify your book into other “suggested” categories or sections as you begin to sell your books.

Age range (if needed)- Should there be a minimum age for the subject matter in your book? This is primarily opinion based.

Page 2 of 3

Information that you will need to enter- 

The second page of KDP is vastly different from the ebook version.

Print ISBN- If you already have an ISBN this is where you will enter it. If you don’t have an ISBN you can choose to have Amazon assign you a free ISBN that is exclusive to printing your book on Amazon. What is an ISBN? What does the ISBN Number mean? See the chart below.

Note: If you want your own ISBN so that you can sell physical copies of your book not on amazon you will need to purchase one. Most commonly from Bowker.com.

Publication Date- The graphic below probably explains it the best but, Amazon will use your “Live on Amazon” date.

Print Options-  You can choose between lots of different physical options for your book in this section. For the vast majority of books that you will publish the “default” option will be the cheapest. Your choices here will be the biggest determining factor of the “cost” of your book. The cost of your book is deducted from the sale of your book so there is no upfront cost to you. 

Manuscript upload- This is a very important section to “get right” in both ebook and paperback versions but even more so in paperback since the return of a physical copy could cost you. As I stated before, do yourself a favor and download the Kindle Create program. If you already have your manuscript preformatted in a PDF file you can upload it without using the Kindle Create program. Pro Tip: If you are interested in printing blank journals save a PDF copy of the lined pages so you can reuse it for other journals.  

If you want to learn how to use Kindle Create to format your manuscript CLICK HERE.

Cover creator- This is a pretty intuitive program to use within the publishing program on KDP. This is probably one of the biggest differences between publishing ebooks and paperbacks on KDP. In this version of KDP you will need to decide what picture that you want to use for your cover art. In the paperback version, the picture will need to be at least 300 DPI (or adjusted to be 300 DPI). As seen below you can choose a picture of your own or a stock photo supplied by KDP. This is also where you will need to enter in a description, a picture of the author, a short bio of the author and a back cover picture. As with the front cover all pictures will need to be at least 300 DPI.

eBook Previewer- This is your final check to ensure that your book is formatted correctly and everything looks right. Page through this section carefully to ensure that the formatting is correct for your paperback version.

Page 3 of 3

Information that you will need to decide and enter- 

Enter into KDP Select?- This is only available for Ebook versions for obvious reasons.

What territories to sell in (worldwide or individual)?- You are able to select worldwide or in certain territories. In my opinion, it makes little sense to limit your ability to sell by limiting your markets but… to     each their own.

 If you decide to sell worldwide your minimum cost per book will be much higher but you will have a much larger audience so you will need to weigh the decision between the added cost of your book (possibly fewer sales due to price) and the added distribution area (much larger possible audience). 

Price-  This section is an interesting section to dig into. The pricing of your book can dramatically affect the sales of your book. There are also some Amazon set constraints. In most cases your book can not be set as “free” (although there are ways around this).  If you are publishing your own original content/ journal or low content book you will need to decide at what price it will sell the best. The easiest way to do this is just with some super simple “market research”. As in, search for “like” offerings on Amazon and see what they are selling for. As with almost everything else in KDP you can go back and change it after your book is approved so don’t stress too much over this.

The print price from your paperback and Amazon’s cut are automatically calculated and displayed. The minimum price will be much higher if you choose to offer your book in all available markets.

Book Previewer- You will need to preview your book from cover to cover to make sure that everything is formatted correctly and your cover looks correct.

At this point your book is ready to publish! All you have to do is click on the publish button. Once you have clicked “publish”, just go back to your “Bookshelf”. See below for the visual!

At this point all you are doing is waiting. Your book will initially be “In Review”. It can take up to 72 hours, on average, for your new ebook to go into “Live” status in KDP. There is a step in between “In Review” and “Live” and it is “Publishing”. This step generally takes just a few hours at most and unless you are constantly checking in on it you will normally not even see this step. Your book is ready for people to purchase once it is in the “Live” stage.

Pro Tip: Amazon will automatically “link” your paperback and ebook. This is one of the main reasons that I generally publish a paperback version of my ebooks. Amazon will show the price difference between the ebook and the paperback as a % discount and this will entice readers to buy your book.

Don’t forget to join our community of amazing like minded people over on our Facebook page. Hop on the Facebook Weirdmoneyco train… CLICK HERE to join! 

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Amazon Amazon KDP

The Complete Guide to Publishing an E-Book on Amazon

Self Publishing on KDP

First let me tell you a little story (masked as a bonus “how to” for publishing open domain books).

If you are interested in learning how to publish an open domain book start here; (if you are publishing your own original work skip down to the next chapter; “Publishing your eBook on KDP explained”)….

Any works that are in the public domain are able to be published on Amazon (among other e-publishing companies) by anyone that wants to take the time to do so. 

There are various websites that have digitized printed works that are in the public domain and are able to be downloaded. One of the biggest and most complete sites is Project Gutenberg. They have over 60,000 books available in many forms. 

Most, if not all, of the e-publishing companies require you to differentiate your version of the book by various means from the original if it is offered for free elsewhere . The standard means of differentiation are one of three- Illustration, annotation or translation. When you see a book in print that says one of these three things after the title there is a good chance that it is a public domain work. The dictionary defines annotation as “to add notes to (a text or diagram) giving explanation or comment”. Amazon defines annotation as “a unique, hand-crafted additional content including study guides, literary critiques, detailed biographies, or detailed historical context”. Illustration is defined as “a picture illustrating a book, newspaper, etc.” in the dictionary and is defined by Amazon as that “it includes 10 or more unique illustrations relevant to the book”. Translation is defined in the dictionary as “the process of translating words or text from one language into another language” and as “a unique translation” by the almighty Amazon.  Since I am not a translator by any definition of term this option was out for me currently. That leaves illustrating and annotating as my options for differentiating the open domain works from the ones that are available for free.

Once I figured out this bit of information I decided to start downloading a bunch of books that I thought were interesting, ones that I had read before or ones that I thought would sell well.

I downloaded them (10 of them!) into Google docs and formatted them so they looked great to me. I made sure that they had all the applicable annotations and/ or illustrations to fit the open domain guidelines. Next I signed up for KDP (Kindle Direct Publishing). From this point, I was on my way and was able to quickly set up my account. While I was going through the process of setting up my first book to be ready for sale, I uploaded my first manuscript and designed my cover (super excited at this point!). At the bottom of that page (the second page) you have to preview the e-book. This is where my troubles began…

The formatting was, for lack of a more flattering term, a complete trainwreck. There were chapters starting in the middle of pages. The illustrations were not where they were supposed to be (some times at the top, in the middle, or at the bottom) and as far as I could tell they ended up wherever they wanted like they had a mind of their own. 

Ugh!!!… Back to the drawing board to figure out how to make this work…Time to read and do some more research!

I probably should have done more of this before jumping into it before I understood all of the program intricacies but in my defense I was super excited.

This is where I came across Kindle Create. This is a free program that is offered by Amazon and it is amazing! It does take a little bit of “getting to know” the program. I am not a “tech person” whatsoever, so if I can learn this program fairly quickly then pretty much anyone should be able to do so in short order. 

Back to publishing my first book!…

Now that my first book has been formatted, correctly this time, it was time to go back to trying to publish it. 

Publishing your eBook on KDP explained

Here is a  full breakdown of the steps and explanations thereof to make it easier on you!

                  1                                     2                                        3

Page 1 of 3 – This is all about the details of your book

Information that you will need to enter- 

Title- This is the title of the book that you are going to publish. You will want to make sure that this matches the title of the book in your manuscript that you will be uploading a little later in the next section If it doesn’t it will normally get flagged by the Amazon KDP algorithm.

Author- This is the section that you will need to enter the name of the original author of the book. If you are the original author then your name will go here. If you are publishing an open domain book then the name of the author will go here.

Is it part of a series?– This is one of the few “optional” sections that you can choose to fill out. If your book is part of a series or you think it might be part of one eventually this is where you will put the name. Just like most parts of KDP you can go back and edit it even after it is in “publication”. I prefer to sort my books into series (i.e. childrens books, cookbooks, fairy tales, ect.) mostly for my benefit but there is also a benefit for the sales of your books in that series. If you have ever looked at a book for sale on Amazon and seen the next few books in that series suggested to you this is where that “suggestion” comes from.

Edition- Is the book a specific edition? If so this is where you will make the customers aware.

Book Descriptions- This may seem frivolous or something that is not super important but that couldn’t be further from the truth. How will you be able to differentiate yourself from the other versions of your book that are already listed? This is the first way for you to do so! Also, this will help your book to more easily be found by potential customers as they search. 

Keywords- As with the section above, the keywords that you use will assist your book in being found by future customers. Research what keywords are best for your book. Treat this just as you would researching keywords for an optimized blog post. You can have up to 8 keywords listed per book. 

Categories- Pick the category(ies) that your book best fits into. Up to two of them. Amazon will also classify your book into other “suggested” categories or sections as you begin to sell your books.

Age range (if needed)- Should there be a minimum age for the subject matter in your book? This is primarily opinion based.

Page 2 of 3– This is where you will create/ upload the “meat” of your book

Information that you will need to enter- 

Digital Rights Management (DRM)- According to Amazon it “is intended to inhibit unauthorized access to or copying of digital content files”. (It is, however, not available for open domain books.)

Manuscript upload- This is where I first found out that I had a problem as described above. As I stated before, do yourself a favor and download the Kindle Create program. Link to How to use KC blog post.  If you already have your manuscript preformatted in a PDF file you can upload it without using the Kindle Create program. Pro Tip: If you are interested in printing blank journals save a PDF copy of the lined pages so you can reuse it for other journals.  

Cover creator- This is a pretty intuitive program to use within the publishing program on KDP. A few notes that will make your life easier… The DPI of the pictures in the E version of your book do not matter. You can also have your cover professionally done (or done by you if you are good at that kind of stuff) and just upload it into the cover creator line.   

Note: If you choose to also publish a paperback version of your book the DPI of your picture will need to be 300 or more.

eBook Previewer- This is your final check to ensure that your book is formatted correctly and everything looks right. Make sure to check this section page by page to look for any sort of formatting issues.

Page 3 of 3– Where to sell and how much to sell it for.

Information that you will need to decide and enter- 

Enter into KDP Select?- This  is an interesting way to possibly increase your income from your Ebook. One of the main things to remember is that once you enroll in this program you are also signing an exclusivity contract for a 90 period. You can re enroll at the end of this timeframe or choose to opt out of continuing at that point.  This exclusivity is specifically only for the E version of your book. 

Side Note: KDP select is not available for open domain books. Click Here to be redirected to Amazon’s KDP full explanation page.

What territories to sell in (worldwide or individual)?- You are able to select worldwide or in certain territories. In my opinion, it makes little sense to limit your ability to sell by limiting your markets but… to     each their own.

Price- This section is an interesting section to dig into. The pricing of your book can dramatically affect the sales of your book. There are also some Amazon set constraints. In most cases your book can not be set as “free” (although there are ways around this).  If you are publishing your own original content/ journal or low content book you will need to decide at what price it will sell the best. The easiest way to do this is just with some super simple “market research”. As in, search for “like” offerings on Amazon and see what they are selling for. As with almost everything else in KDP you can go back and change it after your book is approved so don’t stress too much over this.

If you want to allow lending- Lending allows the purchaser to share your book for up to 48 hours. This option is a recommended option by Amazon.

At this point your book is ready to publish! All you have to do is click on the publish button. Once you have clicked “publish”, just go back to your “Bookshelf”. 

See below for the visual!

At this point all you are doing is waiting. Your book will initially be “In Review”. It can take up to 72 hours, on average, for your new ebook to go into “Live” status in KDP. There is a step in between “In Review” and “Live” and it is “Publishing”. This step generally takes just a few hours at most and unless you are constantly checking in on it you will normally not even see this step. Your book is ready for people to purchase once it is in the “Live” stage.
You can choose to create a paperback version of your book once your ebook is in the review phase or later. If you are interested in creating a paperback version of your book click here insert link for How to Paperback Version for a detailed explanation of how to do it!

Don’t forget to join our community of amazing like minded people over on our Facebook page. Hop on the Facebook Weirdmoneyco train… CLICK HERE to join! 

Categories
Amazon Amazon KDP

Top 5 Questions About Publishing on Amazon

Self Publishing on Amazon (A.K.A- KDP)

Does it cost me anything to publish on Amazon?

The technical answer is that your only initial investment is time. The answer is the same no matter if you are publishing your own original work or a public domain work.  That being said, you will pay a fee from Amazon when your book sells. If you are publishing a physical version of your book (non-ebook) by utilizing Amazon’s POD printing service there is also a printing charge. The printing and distribution fees are automatically calculated by Amazon and subtracted from your displayed profits. On the upside, you will know upfront how much you stand to profit by selling your work at the price that you have chosen to sell it for.

Can I only make/sell ebooks on KDP?

Not at all! Currently you are able to publish ebooks and physical copies directly on Amazon’s KDP platform. The KDP platform is an all-in-one platform for these two versions. It is a fairly intuitive program, even for beginners and “non tech” people like myself. 

Aside from ebooks and physical copies you can also publish audio versions to Amazon. The preferred method for producing an audio version of a book is by usinging ACX.com. ACX is a run through Audible.com which is a subsidiary of Amazon.com. When you produce an audio version of your chosen work through ACX it will be distributed on Amazon, Audible and iTunes. The upside is that the ACX platform is available for authors, narrators and publishers so there are multiple opportunities to “get into” audio versions.                                                                                                      

To learn how to publish ebooks on Kindle Direct Publishing (A.K.A KDP) CLICK HERE.

The learn how to publish paperbacks on Amazon CLICK HERE.

This is the link Amazon offers to authors looking to create an audiobook. It will take you directly to the website for ACX.com.                                                                                

If I publish on Amazon can I still publish on other sites?

You can publish your work on other sites without any repercussions unless you have enrolled your work in their KDP Select program. Amazon’s KDP Select program is an exclusivity contract that lasts for 90 days. During this timeframe you are not allowed to distribute your work in digital format on any other platform. This means, however, that you can still distribute it in physical form even while enrolled in this program.

What is KDP Select and why would I enroll in it?

By enrolling the digital rights of your work in KDP Select you will 70% royalties on your work and will also get a small percentage share of the KDP Select Global Fund. This percentage is formulaic in its payout. On Amazon’s website it is described below. Here is a link to Amazon’s royalty page. The average payout per page read is generally around ½ cent per page. The total can vary depending on the total number of pages read each month by readers who are enrolled in Kindle Unlimited.

             Excerpt from the page…

For example, here’s how we’d calculate royalty payout if $10 million in funds were available in a given month with 100 million total pages read (Note: Actual payouts vary and may be less; check your Prior Month’s Royalty Report to see your earnings):

Author with a 100 page book that was borrowed and read completely 100 times would earn $1,000 ($10 million multiplied by 10,000 pages for this author divided by 100,000,000 total pages).

Author of a 200 page book that was borrowed and read completely 100 times would earn $2,000 ($10 million multiplied by 20,000 pages for this author divided by 100,000,000 total pages).

Author of a 200 page book that was borrowed 100 times but only read halfway through on average would earn $1,000 ($10 million multiplied by 10,000 pages for this author divided by 100,000,000 total pages).

This means that the more popular and engaging your books are the more you can make! On the downside, as stated before, you are restricted to distributing the digital format of your work only on Amazon for as long as it is enrolled in KDP select (Minimum of 90 days).

How much money can I make per book?

As far as straight royalties go you have the choice to choose 35% or 70% royalties through KDP.

You may ask… “Why in the heck would I not want to choose to get 70% royalties?”. As with most other things in life there are “catches”.

There are 6 primary terms in which you will need to agree to be allowed to choose the 70% royalty option.

  1. It can not be a public domain work. What is a public domain work? CLICK HERE to find out more about publishing public domain works.
  2. You must agree to allow lending for your book. This is a one time 14 day lending that the purchaser is allowed to make.
  3. The price of your book must be between $2.99 and $9.99. There are exceptions to this but they are not available to self publishers.
  4. You only actually get 70% in the US and most European Countries. In the other territories you will still only get 35%. There is a small caveat to this detailed in E.
  5. You can also receive the 70% royalty in Brazil, India, Japan and Mexico if you enroll your work in KDP Select.
  6. Probably, in my opinion, the most odd of the terms to get your 70% royalty is the transfer charge. In short you get charged per megabyte to transfer your book to the purchaser. If your book is 20 megabytes and the purchaser is in the US (it is about $.15 per megabyte in the US) then you would have $3.00 subtracted from your total royalty. Below is a chart with the transfer prices by country market.

If your answer is no to any of these terms than your royalty will be 35%.

I hope this information helps. For more information on KDP and other business development ideas and answers join the community on Facebook and get on the WeirdMoney Train!

Categories
Print on Demand

Use Print on Demand Services to Profit on Etsy and Shopify

POD services being reviewed:

Ok so first off… not all things are created equal.

This includes POD services. But before we get into that, let’s talk about what a POD service is and what it can do for you. 

POD stands for print on demand. Most of these services started out as printing services for printing t-shirts. As more and more companies joined the POD service nitche, they started a veritable arms race of adding products to their printing offerings. Nowadays you can find just about anything that you can imagine on which to print your designs. 

(Random smattering of products)

Many of the print on demand services will not only allow but will actually make it easy for you to link your “store” from their site to other stores like Etsy and Shopify. Of course this is not altruistic of them at all. They get their cut of the sale also so it is generally in their best interest to make it as easy as possible to sell your designs on as many platforms as possible.

Ok so on to the actual comparisons of the POD sites (and yes they ARE in order of my favorite to my least favorite)…

Printful

Printful is overall the easiest site to go from design/ idea to product ready to sell. It is a great POD platform for graphic designers and novice folks (like me!) alike. This platform has a ton of free programs for you to use to help you increase your sales and track all of your orders across multiple sales platforms.

Once you have signed up for Printful you will get access to your home page. On the Printful home page you will have everything available to you with super ease of access. The content that they produce to help their customers is what really sets them apart from their other competitors though. Everything from their tips & guides, to their videos (I actually had to use one of their videos to help me connect my products from one of their competitors sites to Etsy), to their keyword search tool and soooo much more.

Uploading your design files is done with just a few clicks. Once your design is uploaded the real fun begins! Printful has the most options for modifying your designs once it is in their system. 

If, like me, you are not a graphic designer but you still have some fun ideas or are good at putting fun things together you can still take advantage of all of the great things that Printful has to offer. They offer a huge selection that you can utilize to make fun and interesting designs (like the “bite me” one pictured below.

Another thing that you can see in the picture above is a selection of Printiful’s great mockup options. This is one of the huge advantages that you will find on Printful’s design interface. For shirts and tops there are up to 7 options for mockups and various amounts for other items that are available. 

One of the few downsides to Printful’s program is the fact that you are not able to choose your suppliers. That being said, they do at least tell you (as seen above) where your item is being shipped from (Super important info to both buyers and sellers nowadays. 

When posting to your store (Etsy, shopify and such) the system prefills almost all of the details for you. This includes things like: the product description, size charts for the product (if its clothing obviously), you can choose to prefill your tags (see below for another amazing Prinful free tool) and sex (not yes or no)- unisex, male or female. If you want to display your product with “free” shipping, on Printful (or one of the other online shops), you can calculate it into your cost based off of their displayed shipping cost (they have an option to load it into your store as free shipping and tell you to make sure to calculate it into your posted price).

Linking to other stores/ selling sites- super easy! Three separate sections are available for connecting to exterior stores and sites. The first option is the one that is used by most people. It has pretty much all of the “normal” platforms (i.e. shopify, etsy, woo, wix, amazon, ebay, ect…). Second is through a 3rd party program called Shipstation. It is not free service though. It is an order management and fulfillment service. It has direct access to ship to major retailers like Walmart.com and others. Third is their manual order platform. This is where you can create the code needed to add the ordering directly to your website API.

Printful gives you, as the seller, access to free tools that are detailed below-

Etsy Listing Details- Prinful scans your Etsy store and quickly generates a graphics based report to help you ensure that your store offerings are completely optimized as seen below.

Platform compare- It allows you to compare the major platforms to help you decide where else you may want to diversify your product offering platforms. Which is better…. Etsy, shopify, woo, ect… Well this helps you to make an informed decision!

Keyword Scout- It is currently in Beta but it is fantastic! It is like some of the paid tools but it is currently another FREE tool offered by Printful. If, as in the example, you are planning on selling a graphic tee on your etsy store you can use this tool to see the competition, average price, average daily/ weekly total views, the most popular tags (think Ahrefs style) and various other parameters.

Billing portal- Super easy to navigate and find the subsection that you are looking for quickly and easily.

Account Stats- Again this is super easy to navigate around.  If you want to know how you are doing this is the place to go! You can also export the stats to excel or google sheets to keep track of all of your orders and MONEY.

Warehousing- Unlike most of their tools this is not a “for free tool”.  There are specific requirements for this tool that are easily explained and understood in their video.

Printify

Another great POD platform on which to sell your designs through. While Printify is not as easy of a platform to do design work on as compared to Printful (it seems to be more geared towards graphic designers than a wider audience) it still has a bunch of great features to assist with your product design and sales. 

Printify makes it simple to choose what product on which you want to put your design. They have a huge selection of not just clothing but also a wide variety of other items.

There are two basic ways that Pritify makes it easy to load your designs and artwork onto their platform. The first is through My Files and the other is right in their product design program. One of the great features that Printify offers is that you can load your designs right from your computer, dropbox account or from your google drive.

One of the features that really sets Pritify apart from the other POD platforms is that you can choose your print supplier. This feature is extremely useful in the current COVID and post COVID world. On many of their most popular items you have 2-3 suppliers to choose from. You will be able to see where they are based, what the product base cost is, sizes available, how much shipping will cost, the average production time, the colors available and the printing areas available. 

As stated above, there are not a ton of options for modifying your artwork once it is loaded onto the Printify platform but the few that they do have are very user friendly and “work as advertised”.

One of the biggest downsides to the Printify platform is that they don’t have many options for mockup once you have completed your product designs. Most of the products only have a basic one or two mockup variations with almost none of them having lifestyle options.

That being said, the rest of the process is fantastically user friendly.  Printify will auto load the product description into your stores for you. 

Their size chart option makes it easy to price your products based on sizes if you want the prices to be different between the various available sizes. Another metric that you can very clearly see is the profit $ and %.

As seen below, Printify offers a “one click” style store publishing to make it easy on you to publish your design directly to your linked stores. 

The rest of the backend support is fairly “no frills” but still easily navigable. 

Redbubble

Redbubble is a fun artist based POD program. Much like Printify, Redbubble is not as user friendly for non-graphic designers as Printful but it does have some pretty darn cool upsides that will be detailed below.

Redbubble makes it super easy to see what designs and products that you have in your Redbubble store.  When you first log into your Redbubble dashboard you have quick and easy access to all of your products and designs. 

Once you upload your work/ design you are asked to title, tag and describe it. Like Printify, you do not have a lot of options to modify your artwork once it is uploaded.

The next section is one of the big ways that Redbubble sets itself apart. Adding your artwork/ design to a multitude of products simply, easily and quickly. You have access to apply your artwork to 35 different products and their variations with just a few clicks. On many of the products you have the option to repeat the pattern if you choose to do so (as seen below).

Once you answered the last few questions seen above you are pretty much done uploading and designing your product. 

Once you have decided what products that you want to have your design put onto you are then shown the mockups of your selected items with your designs on them. While there are not really any choices for your markups at least they do have your products stylized on “live” models.

On each design you are given the opportunity to share your designs/ items in various ways as seen above. The one biggest downside Redbubble doesn’t have an easy way to upload your products to your online stores. That being said, if you are planning on sharing your products via social media Redbubble makes it easier than almost any other POD platform. You are able to easily download the images and links so that you can post your products on your own sites or webpages.

So far each one of our reviewed programs has had something that has really set them apart and this next feature is what sets Redbubble apart from the other POD platforms.

Redbubble Partner Program- In short the program works as such… 

Redbubble has worked out deals with the owners lots and lots of licensed designs from some of the most popular brands. When you sign up for this program you will get full access to their entire list of brands so that you can create cool, fun and amazing fan art.

So how does this program work?

Checkout the great little infographic below…

Gooten

Gooten has pretty much the same feel and features as Printify. Gooten has most of the same features as Printify with a few cool additional tools that are detailed towards the end of this section. 

Like most of the other POD services that have already been detailed, Gooten has a wide range of various products besides shirts available to print your designs and artwork onto. Talking about shirts, Gooten has some of the best prices as compared to most of the other POD services.

Another thing that sets Gooten apart from their counterparts is their wide range of options available for many of the products that they offer. There are lots and lots of colors and sizes available for you to choose from to easily put your designs onto more items and more quickly than other platforms (Redbubble is a close second on this metric).

You can save your product choices or publish them directly to your stores that you have linked to your Gooten account.

As was alluded to earlier…

Gooten’s cool features. 

One of my favorite things that you can choose to add  on to your designs is a “branded neck label”. If you are trying to build a brand or (like me) you are goofy and think it is cool to be able to put your own “mark” on clothing you will enjoy this feature. It does add a nominal cost to each item and it is not available on all products but it is still a pretty cool feature.

The second feature is, from a business standpoint, extremely helpful. Being able to automatically send order and shipping confirmation orders to your customers is great for customer service. In addition to this service being great for customer communication it can also be used as a great follow up to promote future sales.

Easy View POD Ranking Chart

My Favorite Tools to Make Graphic Designing Easier

Graphics Tablet M708 UGEE Android Supported 10 x 6 inch Large Active Area Drawing Tablet with 8 Hot Keys, 8192 Levels Pen, UGEE M708 Graphic Tablets for Paint, Digital Art Creation Sketch

Logickeyboard LKB-AGDA-APBH-US Astra Backlit Shortcut Keyboard for Adobe Graphic Designer, PC

XP-Pen StarG640 6×4 Inch OSU! Ultrathin Tablet Drawing Tablet Digital Graphics Tablet with Battery-Free Stylus(8192 Levels Pressure)

LG 27UK850-W 27″ 4K UHD IPS Monitor with HDR10 with USB Type-C Connectivity and FreeSync

Zelotes Rechargeable Vertical Wireless Mouse, 2.4G Wireless Vertical Ergonomic Mouse with USB Receiver,1000/1600 /2400DPI,6 Buttons Mice for Laptop,PC,Desktop (Black)

Digital Artist Glove for Graphic Drawing Tablet, Two Finger Sketch Gloves, Man, Set of 2

We hope this information helps. For more information on this and other business development ideas and answers join the community on Facebook and get on the WeirdMoney Train!

Categories
Amazon

How to Make Money on Amazon: The Largest Comprehensive List [updated 2020]

We have compiled the largest comprehensive list of ways to make money on Amazon.

Why?  Because we kept hearing the question “How are people making millions of dollars a year on Amazon?” 

We thought the same thing, so we went digging. Talking to dozens of entrepreneurs, developers, gig workers, and side hustlers we found that there is everything from part time work to full scale multinational business making money in the Amazon ecosystem.

Amazon is known for many things – accounting for just under 50% of all online sales, 1 out of 4 US adults are Amazon Prime subscribers, and has a valuation bigger than Wal-Mart, Target, Best Buy, Macys, Kohls, JCPenny, and Sears combined.

You may or may not be aware of these two facts as well –

Fact #1: Yes, people are getting rich selling products and services on Amazon.  There are an estimated 40,000 people who are using Amazon to earn over $1 million per year.  

Fact #2: Amazon loves acronyms and efficiency.  So bare with me while I use (and explain) Amazon acronyms, because Amazon  has decided it’s more efficient to use acronyms everywhere.  Also that drive for efficiency is applied to every product line you are able to be involved with at Amazon, so buckle up!

  1. Selling Wholesale Goods on Amazon

    It’s Amazon – the world’s largest marketplace.

    Case in point… In just one month (September 2019) Amazon had 150.6 million mobile users access the Amazon shopping app whereas Walmart, had a monthly mobile app audience of only 76.45 million users during the same timeframe.

    Over 89% of shoppers say that they feel more comfortable buying and shopping on Amazon than any other sites (including directly from a suppliers own website!)

You will need to decide if you are going to be selling a few items or a lot of items.

Why?

If you choose to sign up as an individual seller you will pay $.99 fee per item sold and if you choose to sign up for the professional account you will pay 39.99 month but no per item charge.

All sales have a referral fee that ranges between 8% and 45%. Amazon does have a nice calculator tool that you can use to see if a product is worth buying/ selling.

  1. Fulfilled by Amazon (commonly known as FBA)

    This is a program that you can choose to be involved in with Amazon that will be in congruence with selling goods on Amazon whether they are wholesale, white labeled, your own products or some sort of arbitrage products.

    In Amazon FBA you ship your products to an Amazon warehouse and they fulfill the purchase for you.

    There are a ton of fees included with this option. Think of it like a concierge service.



  1. Amazon Kindle Direct Publishing (Amazon KDP)

    We’ve written extensively on KDP, if you haven’t read them yet check ‘em out!  In Amazon’s KDP (Kindle Direct Publishing) program you can publish your own book. You can publish ebooks and paperbacks directly on Amazon’s KDP platform and an audio version through Audiobook Creation Exchange (ACX) – for more details see #25 below).

    Amazon will also issue a FREE ISBN for your paperback version, they have easy to use tools for formatting your book and you can promote it directly on Amazon.
    If you are interested in learning how to publish your own E-Book on Amazon CLICK HERE. If you are interested in learning how to publish your own paperback book CLICK HERE.
    Pro Tip: Even if you don’t plan on selling a paperback; still publish one though KDP. They will link your ebook and paperback version together and show the ebook as being “on sale” with the price comparison between the paperback and ebook.
  2. White Labeling

    What is it? White label products are sold by retailers with their own branding and logo but the products themselves are manufactured by a third party. 

    Your first step should be deciding what nitch that you want to sell in.

    One of my favorite sites to look for the “next” or “newest” trend is Trend Hunter.

    Once you decide what you want to sell you will need to locate a white label supplier for the product(s). This is easily done with a quick google search. You can also utilize white label suppliers directories like wholesalecentral.com for a fee.
  3. Original Product Sales

    So far we’ve covered Wholesale and White Label sales on Amazon.   While wholesale is selling mass produced items and white labeling is selling a mass produced item with your own branding and marketing, Original Product Sales takes it to a different level.

    I’ll use the Onnit brand as an example. Onnit is a health and wellness brand based in Austin.  They created and sold a custom line of nutritional supplements and work out equipment such as their famous kettle-bells with the face of a gorilla carved into it.  Onnit couldn’t just find a supplier who was already making this product (so it is not whitelabeling) and no manufacturer was churning these out in bulk (no wholesaling).  Instead Onnit designed, sourced, and marketed their own products.

    Have a product idea? Something that you’ve been developing on the side or that you already have manufactured and want to ramp it up to the next level?  Here is the opportunity!
  4. Delivery fulfillment Warehouse Associate

    You could always work in the Amazon warehouse! Working for Amazon is a pretty steady job in almost any environment. They offer health benefits, 401(k), discounts on products and stocks.
  5. Amazon Flex
    Amazon Flex is basically UBER with Amazon packages being your only passenger. You get to choose, what geographic area that you want to deliver within, how often you want to do it and when you want to do it.

    Pro Tip: Think about combining this with Uber or Lyft. More profit per mile!
  6. Amazon Customer Service Specialist

    Most of these positions are work from home positions. They pay between $12 and $30 per hour on average. There are full time and part time positions available.
  7. Amazon Affiliate

    This program can be very lucrative if done correctly and you are able to reach high amounts of shoppers. As an Amazon Affiliate when you refer customers to Amazon based on products you promote you will be paid a percentage of the sales.  So if you have an active blog, online social media following, or email list you can provide links to products for a small cut.

    There has been a lot of news around Amazon’s Affiliate Program this year due to Amazon slashing how much they will share with you on each sale. 

    Is it still worth while being an Amazon Affiliate? Many affiliates have stuck with the program, but it’s worth noting that Amazon can change the percentages they offer at any time.

    Below is a sample of the old and new %’s from before April 21st and after April 21st.
Product CategoryFixed Standard Program Fee Rate – Before April 21, 2020Fixed Standard Program Fee Rate – After April 21, 2020
Baby Products5%4.5%
Outdoor Tools5.5%3%
Pet Products8%3%
Beauty Products10%1%
  1.  Publishing an ebook- See #3
  2. Amazon Mechanical Turk

    Think Fiverr by Amazon with a twist.

    People looking to find gig style jobs can pick up gigs on the MTurk platform and companies that are looking to have various remote tasks completed can  post what they are looking to have done and how much they are willing to pay.

    I personally know a few people that do this and  I have personally explored this option as a side venture but have decided to wait until things settle down in some of my other ventures.
  3. Amazon Handmade

    Think Etsy by Amazon. There is an application process that is much more rigorous than that of Etsy.

    On the upside that should mean that Amazon Handmade will be known as having high quality products for shoppers. There are very few fees involved in selling through this Amazon platform.
  4. Merch by Amazon

    This is a print on demand service by Amazon. Most of the other available POD (print on demand) services are a quick and easy sign up with very little info needed. Whereas, Amazon requires a request form to be filled out prior to anything else.

    The request form will ask for all of your information including: name, address, phone number, name of business, address of business, bank account information and a short blurb about who you are and why you want to sell designs on Amazon.

    Pro Tip: Think about putting your designs on multiple POD platforms.
  5. Amazon CamperForce

    CamperForce is a program for RVer’s who want seasonal work near campsites around the country.  While the work is still in a warehouse, it is flexible in hours, starts at $15 /hr and offers $550 a month per campsite, plus medical, overtime, and getting paid weekly. So if you are in the RV lifestyle this may be an option for you!

    CamperForce locations are available in Oregon, Nevada, Arizona, New Jersey, Pennsylvania, Virginia, Kentucky, and Tennessee .
  6. Amazon Trade-In

    While you won’t technically make any “money” with this there is the opportunity to receive Amazon gift cards by trading in your unwanted (mostly) electronics. Pro Tip: if you run out of your own unwanted electronics to trade-in, you could always purchase them locally to you below the trade-in value and trade them in for Amazon gift cards (almost as good as money nowadays right?!?)
  7. Amazon Vine

    It is an internal service of Amazon.com that allows manufacturers and publishers to receive reviews for their products on Amazon. Companies pay a fee to Amazon and provide products for review.

    The products are then passed to Amazon reviewers who are then required to publish a review within 30 days of receiving the product(s). You, as the reviewer, are allowed to sell the product after 6 months.
  8. Amazon Services

    Think Angie’s List brought to you by Amazon. If you want to be an Amazon certified service tech you will go through a vetting process before you are active on their service platform. Once approved you will have the ability to choose jobs that work for you.

    Pro Tip: Sign up for as many of the programs as you are comfortable doing. The wider the net the more fish you can catch!

.

  1. Retail Arbitrage

    In short, the idea behind this is buying low (think clearance) at big box retail establishments and other low cost retail outlets. To get started in this you will need to make the decisions described back up in #1.

    Pro Tip: Talk to store associates to find out if there are specific days or times that clearance merchandise is labeled or put out. The early bird gets the worm!
  2. Book Arbitrage

    This is essentially #18 but with a specialized niche in books.

    There are a few apps/ programs that are built specifically around this niche. The top two being BQool and ScoutIQ. Some of the best places to find your books are not going to be big box stores and other such outlets.

    For this niche your main focus for goods will most likely be places like Goodwill locations, thrift shops, library book sales and local owned book shops. 

    Pro Tip: Don’t forget about yard sales! Books are big and heavy so people do want to mess with them so they will normally sell them super cheap at yard sales.
  3. Ebay to Amazon Arbitrage

    This is essentially a mix of #1 and #18 but with a focus on utilizing Ebay as your main outlet for acquiring merchandise for resale.

    Pro Tip: Many of the sellers on Ebay are sourcing their product like AliExpress and other bulk retailers. Think about cutting out the middleman if you can figure out where to source the product.
  4. Influencer – Amazon Style

    The Amazon Influencer Program allows you to get your own page on Amazon with a specialty URL (think weirdmoneyco.amazon.com) to showcase the products you recommend. It is similar to the Amazon Affiliate Program (and technically this is an extension of it) except you now have the ability to showcase products directly on Amazon, making it easier for you to share links on social media platforms where direct linking may not be possible, such as in an Instagram post.
  5. Amazon App Store

    Are you an app developer? Amazon currently offers a unique monetization program that offers customers discounts on purchasing apps and games without that discount eating into your revenue as the developer. 65% of developers surveyed said they saw similar or better revenue from Amazon as they did from the competing platforms (such as Apple and Android).
  6. Amazon App Monetization API

    Let’s say you have an app or mobile game already developed and want to make it ad supported (so it is free to your users!), the Amazon App Monetization API allows developers like you to quickly and easily add ads to your apps.  Amazon provides easy to insert code, often in 5 lines or less and you can use auto sizing or manually set the ad size.
  7. Audiobook Creation Exchange (ACX)

    If you are looking to publish a book on Amazon (or any of the other sites) you may be interested in having an audio book created for your book. This is the place to have it done.

    Do you enjoy reading?

    Well you can make money here also! You can sign up to be the voice for others books. It is a bit of a process to sign up for the service (to be a reader) but it has the opportunity to pay you decently.

    Part of the process to become a reader is an audition. ACX also has a bounty program available for narrators and authors. It is described below in an ACX graphic.
Categories
Uncategorized

Everything Wrong in My Business is My Fault


IN BRIEF: Everything wrong with my business is my fault. All of the problems that you used to complain about, use them as the opportunity to know what you need to work on. Howard Shultz grew Starbucks, retired, and came back to fix it because he screwed up.

Take responsibility and focus on creating systems to fix the problems.

That’s not me playing a martyr or looking for a pity party. It’s a simple truth that’s difficult for many business owners to accept.

Once I stopped complaining about what was happening TO ME I had a lot more time to deal with the “here and now” AND move my business forward.

Before I could make PROGRESS, I had to TAKE responsibility.

Notice I say “business owners”. Because there are a lot of publicly traded companies out there whose CEO is going to get a golden parachute even if they fuck up.  

And look – I would argue it’s not necessarily their fault.  It’s human nature to want more resources and these leaders are playing the game by the rules handed to them.  

As business OWNERS however, you need to OWN it.

I started this company, I stoked the fires to get it going, I’ve made choices along the way. 

The company is mine, I hired that account manager who isn’t hitting their time targets for our clients, or I didn’t train and follow up with and provide enough guidance to the hiring manager who hired the account manager who disappointed the client?

Not My Fault GIFs - Get the best GIF on GIPHY
Mine.

No one forced me to do anything, I simply made the best choice possible given the circumstances and the situation and the information I had at the time and now? 

So when I get a call from a client who has received their progress report late once again from their account manager – that’s on me. That’s my fault.  

It’s simple: Now I own those decisions. No matter what, it all comes back to me.

Let’s talk about taking responsibility for Starbucks. 

Starbucks GIFs | Tenor

No, not for their coffee – I’m not going to get involved in that debate.  No, let’s talk about taking responsibility for your business.

Howard Shultz didn’t start Starbucks, but when he bought it from the three original founders it became his and he GREW it until it was this multi billion dollar international behemoth.  

Howard hand picked a successor for leadership, he oversaw and signed off on major initiatives, he created the culture.  And then he retired to focus on philanthropy.    

Starbucks was on an unstoppable growth curve until it hit the wall known in the US as the great recession.  Not his fault either, right?

WRONG.

People were still buying coffee, they were just buying it from competitors because Starbucks was drifting from his original vision for the company culture and values.  Starbucks wasn’t as competitive because it wasn’t the Starbucks that he had envisioned and grew.

Did he bitch about the company that was falling apart every damn time he left?  Did he stay silent and just enjoy his billions? 

No, Shultz came out of retirement and returned to Starbucks.  Because he realized that the company he created and all of the jobs and opportunities that his company represented – ALL of that was in trouble.  

He realized that it was in trouble because HE had screwed up.  He hadn’t given guidance, trained, held accountable, motivated, organized, and developed the team to the point where it could function and function well without him.  

Shultz also saw the issues at play – he saw the disinterested employees, the slips in cleanliness, the impersonal nature of new stores, the lack of investment in the work force, the general negative sentiment about his company.

So, what did Howard Shultz do? Did he fucking TALK about taking responsibility? Did he TELL everyone that he recognized his failures? 

No, he TOOK ACTION. He didn’t tell everyone what he would do so he could get that dopamine rush – HE FUCKING ACTED.

He fired nearly all executives, shut down lagging stores, and set a new course for the company, a course that focused on OPERATIONS over GROWTH. 

Shultz made *hard* decisions that he deemed necessary to fix the problem.  He could have stayed retired, you could stay glued to your desk over analyzing market conditions. 

Or you could pull a Shultz and do something instead of blaming something.

Is something wrong with your business?
Is your General Manager constantly not returning your calls?
Is the parking lot constantly having empty cups littering it?
Are year over year sales lagging? 
Is your direct report constantly late with their designs?
Does your department report subpar results to often?

That’s your fault.

You know what else is your fault? Allowing THAT thing to be the reason you don’t succeed

Now stop talking about it, stop blaming the economy / competition / alternatives / weather / space aliens and GO FIX IT.

Wait A Second Homer Simpson GIF - Find & Share on GIPHY

Easy to say, right?

“Take responsibility and fix it.”

Fix…what? Exactly?

Let’s say I understand and agree that everything in my department, division, business, or project is ultimately my fault. It’s mine.

But how does that actually help me make PROGRESS?

Glad you asked! With Responsibility Taken, Progress is What’s Left

On An Unrelated Note GIFs | Tenor

If this bothers you – this idea of taking complete responsibility for your business, your department, your project – then PLEASE read this follow up. It’s the perfect companion to this idea of taking responsibility.

Categories
Big Rich Builds Big Rich Builds Business

Making Money on Amazon: Not how you expect

I have been looking at trying to make money on Amazon for quite some time. Below I’ll share the top 5 ways to make money on Amazon in 2020 from people I personally know.

Stick around because there’s also a reason that I decided to NOT pursue any of them (and what I decided to do instead on Amazon that is making me money every month).

Like any good netizen, I started by googling things like “How do you make money on Amazon?” or “What to sell on Amazon?”. Gotta start somewhere!

What I found was a ton of lists that gave me the TOP 10, 15, 20 or more of things to source, buy, sell, create…. Yikes. Where do you start when you have 20+ options? Sometimes the problem is not enough options – it’s TO MUCH.

Narrowing down opportunity is something that stops most first time entrepreneurs. You have so many great choices it ends up taking so much time and energy researching, comparing, and thinking about them all that you might go months or years without making progress.

While they all gave me some interesting ideas to chase down, none of ideas from these lists seemed to be just what I was looking for and most of them seemed rather… generic.

Looks, generic is not a bad thing! Generic asprin that costs half the price? Yes please! Generic ideas on a list that is suppose to inspire me to develop material, invest time, deploy resources just… well. Did anyone vet these ideas? Were they just spitballing ideas around the table or were these markets tested?

*quick note*: I found one resource that was FREE and really took a more in depth look at realistic options with examples. If you folks haven’t checked out Nick Loper at Side Hustle Nation you need to!  His article is specifically about Amazon FBA opportunities and gave me some great areas of opportunity to look into but I still had not made up my mind.

So….what was I looking for? To many options from generic lists to distract me and solid ideas to excite me.

I did what I’ve learned is the smartest thing to do when I’m noodling on a new problem or have a question about starting, growing, or managing something I’m working on – I ask my community!

After polling our Weird Money Co community here is my list!

I know, I know, I know another Top blah blah blah list

Now, bear with me!

This list of opportunities on Amazon is not one of those “put as many ideas as possible” kind of lists (although we did post that list in case you want to check it out – Biggest List of Opportunities to Make Money with Amazon [Updated 2020]).

No, no my friends! This list are ways that REAL people I’ve talked to are using Amazon TODAY to make money.

Top 5 Ways Real People made money on Amazon

Below I have listed my Top 5 (I have also linked some of their favorite tools or sites that they use for their side hustle so you can see from the source what tools they are using).

For the first four options, you will need a sellers account set up and verified on Amazon.

1) I’ve known the Kettechman brothers for a long time and they have sold products on Amazon (and Ebay) that they bought, mostly from overseas, in bulk and sold at a markup.  Classic wholesale play – buy from one source and sell somewhere else. AliExpress Kole Imports Jungle Scout

2) A friend of mine, Michelle, in New Orleans buys white labled products through white labeling companies to build upon their own “brand” of health products. White labeling is where you buy a product (similar to #1 above), and then add your own spin on it. You might add your own branding, packaging, decorations, instructions and more. Jungle Scout

3) Book flipping was a new idea to me and Toni Zees has been at it for years. She buy books (mostly non-fiction) at thrift stores and flea markets and resells them on Amazon for  a profit. Being able to quickly check the price of books to determine if there is enough profit margin built in before you actually purchase it is important, so check out Bqool, Sellics and ScoutIQ. Once you are ready to go and you start to build your inventory you should look into Amazon FBA.

4) A fellow hands-on handy buddy of mine, Rich Bradburns, assembles and/ or installs products that were sold on Amazon. He makes pretty good money doing this and only spends a few hours a week. Amazon Installation Service

5) A great friend of mine, Nathan Van Coops, has had an entire series of fiction books published that are being sold on Amazon (in addition to many other outlets). See the link below to check them out!

6) What I ended up selecting and have been profitable with wasn’t brought up even once! The magic #6 that required 2 hours each week with NO up front money involved.

These were my top options that I decided that I wanted to look into further to see if they were something that I wanted to invest my “side hustle” time. 

And then….. I said no to all of them.

Why I decided to not go with any of the Top 5

Below is a break down my thoughts on each one of the options and why I decided they were not for me at the moment. All of these are still on my radar and I think they make a lot of sense, but for one reason or another that I share below, I decided it wasn’t the right time.

1) Buying products in bulk or just direct from overseas manufacturers and reselling them in the US, also known as drop shipping, is something I have been interested in for quite a while and is on my personal list to dive into more in the near future.

That being said, like many people, I was furloughed from my company because of the pandemic. I didn’t want to tie up my meager savings in holding inventory (if I was to buy in bulk) or in costly fees and advertising.

2) The white label option follows along the same line of thought as the first option. On top of that I didn’t have a brand (Yet!) that I was going to be able to use the white labeling to build on.

3) I was a little concerned about how long it would take for a book I sent to Amazon to be sold. I had to purchase the book and pay for shipping to send it to Amazon. What if it took 6 months or a year to sell? The time cost of that money had to be taken into account. I’m working out how to at least attempt to gauge how long of a lead time the books would need.

I was looking for something that, when things return to “normal”, I could continue building while still allowing me to go back to my full time job. My full time job affords me time to work on side projects but most of the available time is at random times of the day and often in different cities while traveling. This might still be an option I return to because I do travel regularly between 5 cities perhaps I could swing through book stores once or twice a month?

4) Such a cool idea and one that you can get into without spending ANY money at all! I definitely have the skills needed for this idea, but this idea falls to the same fate as #3 – , I am looking for something that I can continue to grow when we are all released from the invisible clutches of the current pandemic.

Something that is applicable only because of the pandemic to note: my buddy said that he has seen a significant drop in business because of social distancing which make it harder for him to actually show up to someone’s home!

5) I’m not a book author. Not yet at least. While I may write a lot of guides and blogs, I’m not quite ready to make the leap to full length book. Therefore this one is auomatialy a “NO”, right?

Yes it was initially discounted but it lead me to an interesting option #6. 

What is this mythical option #6 you may ask? 

Publishing someone else’s books on Amazon of course! 

Sounds unethical and “sketchy” right?

It is not either of them, I promise!

Kindle Direct Publishing, also known as KDP is the Amazon program I worked through.

I wrote an in depth guide on KDP and how I actually went from zero experience selling on Amazon or with publishing books, to having a top 100 ranked children’s book with NO money out of pocket.

Since THIS post is not THAT post, here is the Short and Sweet Version

Short and Sweet: Publishing an open domain ebook on KDP

  1. Download an open domain book from one of the available sites.
  2. Decide how you are going to differentiate your book from the others that may be offered for free (annotate, illustrate or translate).
  3. Download and utilize Kindle Create to edit and format your book. To learn how to use Kindle Create to format your book/ ebook for the Amazon market place CLICK HERE.
  4. Log into your KDP account and follow the steps through the three pages.

Note: It can take up to 72 hours for a book to go from “Submitted” to “Published”

  1. Once you have completed your ebook, you can now choose to complete the steps to publish your version of your chosen book in a paperback version. If you are interested in learning how to publish a paperback version of your book CLICK HERE.
  2. Track your sales!
  3. When you find a book that is selling well for you; think about promoting it.

Statistics

Some information that helped me decide where to publish the public domain books (and other books when I complete me first original book)

Authors say that Amazon accounts for about 85% of their sales

I can share some statistics of my own, such as the time I’ve invested into each book, sales fluctuations and what not if there is any interest.

What about you? Have you published anything on Amazon? Have you published a book you wrote and moved it online?

We hope this information helps. For more information on this and other business development ideas and answers join the community on Facebook and get on the WeirdMoney Train!

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80% is Perfect

In the history of relationships – business, romantic, family, or self – that relationship has  NEVER been successful by expecting 100% of everything 100% of the time.  

100% is a fine goal, it’s a great thing to put up on a poster and to tell your teacher, your employees, and the world that you are aiming for.

Just as long as you realize and really know, that Expecting 100% of anything from anyone is at best bullshit. And potentially it’s just plain destructive.

Expecting 100% is just repeating a story that you’ve seen in movies and read in books and heard from your friend’s uncle’s sister’s best friend. [tip: keep your eyes open for Enemies of Greatness]

I was awake at 4 in the morning and I’m writing this at 4:50am.  Part of my daily routine is to get up before sunrise so that I can stretch my joints, exercise my brain, and work my body – so that I can grow my business and my brain.  

Which all sounds great, right? 

Except I’ll convince myself I’m too sore to get out of bed tomorrow morning on time or I’ll binge on a new book the night before and not get my 8 hours of sleep in and my day will be thrown off or because my family and I are celebrating being alive and were up to late. Whatever.

Point is, I won’t stick to this schedule 100% of the time – no matter how great my schedule makes me feel.  

Do you know how demoralizing that can feel if your expectations are “I will get out of bed every day by 4am” only to find that you’ve slept in till 7am for half of the week already?

Of course you do.  Because if you have EVER set a goal in your life you’ve failed to reach a part of it.

Notice that, however – “failed to reach a part of it”. 

You’ve set yourself up for failure because YOU decided that you have to be 100% perfect, 100% of the time.  Complete compliance with a system isn’t sustainable.  You’re more likely to collapse under that pressure before you achieve that goal.

That world class athlete practises because they don’t run the mile quick enough every time, that amazing manager doesn’t get complete productivity out of his engaged, motivated workforce all the time, and that #1 salesperson? They do not close every deal, they’re just out there presenting enough offers that enough close to push them over the top.

Because here’s the thing, really the trick of it all:

If you set a goal for 100%, but hit 80% often enough, you will do amazing, incredible, unimaginable things.  If you achieve 100% three times in a row, but then miss that goal the fourth through 50th time, at some point you’ll give up. To bad you didn’t know that #51 was fucking GOLD.

No one can go through everyday thinking “Day 217. I was supposed to collect 16 bags of recycling.  Instead I only collected 15.  I fucking failed. Again.”

Holding yourself to 100% efficacy or a 100% win rate leads to discouragement, which leads to just giving the fuck up. 

However, if you believe: “80% efficiency is good. I shoot for 100%, but I’d be satisfied with 80%”, then you blow right through the first 43 failures, fuckups, let downs, and missed marks.  You get to your epic wins and amazing new highs.

By expecting 100% you set a trap for yourself, your partner, your employees, your kids.  If you don’t get 100% then you are disappointed. You begin building the mind castle of “I’m never successful. That person never gives enough. My employees never do enough.”

You begin to find more reasons why people around you are failing you or why you’re failing yourself.  Reason upon reason are stacked up, creating towering walls of created mental logic that EVERYONE IS A FUCK UP.  

So why bother? Fuck ‘em.  Fuck this new business. Give up that weight loss you were striving towards. To hell with the employees that you interviewed, hired, trained, and trusted.  Accept you’ll never close on another fix and flip.

Right?

No, not right.

The enemy of success is 100%.

When I was building the hostel business, I knew I could get 5-star reviews from guests pretty consistently.  I knew how to put the tired group from Indonesia at ease when I was checking them in and how to get the shy solo traveler to join us in the free nightly events we held.  The hostel was clean, the interactions crisp and engaging, check in a breeze, the vibe was *on*.  When I went to open location #2, I hired, trained, and trusted the right person [link: IIT Method for finding the “right” person].

And I expected everything to remain the same. I expected amazing reviews, I expected the credit card batches to be closed by a certain time, the event’s board updated, and the hallways to get their seasonal-refresh coat of paint done within a certain amount of time.

Which of course didn’t happen.   

Or rather, it did happen, just not in the time frame or way or style I expected.  

I had a choice to make – I either run one property and be proud that it is NUMBER 1 in all aspects in all areas all the time because I can do it best myself.

Or I grow my business, creating more opportunity for my team and more success for myself.  

I didn’t want to just have that one location, I saw a connected group of boutique poshtel’s across the country ushering in a new era of low cost, social, upscale shared accommodations.

So I stopped expecting 100% and realized that if I got 92% output from the people I had hired to run that first property that would still be amazing.  My reviews were still stellar, guests were happy, the property was clean.  

So yeah, 92% was pretty great.  And when I started LOOKING for 92%, I was able to focus on opening our next location.  It took a HUGE weight off my mental shoulders not worrying about PERFECTION. Instead I was focused on our key metrics and indicators [Stay Outta the Weeds: Key Metrics and Indicators] to see that the business was heading in the right direction.  

My team wasn’t stressed out all the time worrying if they were, minute-by-minute doing exactly this or that. They were able to respond to the needs of the guests and location as they came up, keeping our key indicators in sight and therefore taking care of our business.

Expecting your kids to have all straight A+ or expecting your partner

If you’re in school right now, will straight top marks be the best thing for your life? Or will good or great marks accomplish a similar goal, while allowing you to spend time learning whether or not you like a new sport, exploring new friendships, reading books. You only have this time in your life once – take learning seriously, absolutely. But also invest some of your youth in experiences, in exploration of the world and yourself.

Sure, maybe you set your GOAL at 100%, but you have to know – really believe – that some other percentage is acceptable.

No, not just acceptable. That it is GOOD. That it is AWESOME.

Another word for 100% is always.

Too often when you hear things like “I always wake up at 5am to practice my yoga and then meditate for an hour” or “I always close on three houses per month” or whatever.

What you are ACTUALLY hearing is either hyperbole [defined: exaggerated statements or claims not meant to be taken literally] or aspirational – you are NOT hearing the TRUTH.  I would argue that it actually borders on just an ego driven, chest thumping proclamation instead. 

Sure, are there people in the world who DO wake up at 4am to practice yoga EVERY day? Yep! And they live a life focused on just that one thing on an ashram in southeast asia.  You can have that too, if that’s all you want in life. 

But if you want more, if you want a thriving personal life, a growing business, a happy family, an engaged team, you need to throw out the enemy of progress and peace – throw the rigid expectation of 100% right out the fucking door.