4 Comments

  1. Paul
    09/18/2013 @ 4:24 PM

    I can see your books are providing a nice passive income still. Are you able to tell me how many books you have up at the moment ?

  2. Elvis
    09/18/2013 @ 7:22 PM

    Hi, Paul. As of now I have around 45 titles. See my previous earnings report (July 2013) for a MUCH more detailed answer to your question.

    Thanks!

    • Paul
      09/20/2013 @ 5:17 AM

      Thanks for the reply. Just one more question. Do you find the 90/10 rule applies to the kindle as well.

      90% of your earnings come from 10% of your books and 10% of your earnings come from 90% of your books ? Or is it more evenly spread.

      I’ve started to give the kindle a go in the fiction section and I am just trying to understand how someone successful (you) finds the revenue is spread.

      I have enjoyed your no holds approach to blogging what you are doing and its an interesting read.

  3. Elvis
    09/23/2013 @ 4:31 PM

    Hey Paul, thanks so much for your kind words, and for actually explaining that 90/10 rule which I was completely unfamiliar with!

    Come to think of it, I would say that perhaps this rule actually applies in my case. A few years ago, for example, I was writing a lot about stepdaughter & stepdad fantasies (this isn’t incest, mind you.) They performed decent, although not spectacular. Nevertheless they were always bringing some pocket change, so I kept pushing more of the same stories.

    Those stories are no longer real sellers, as all things eventually dwindle. So i’ve moved on to other subjects, some which work and others simply fail (or just don’t earn you enough.) So if you think about it, book publishing will almost always have some trial and error involved, thus creating that 90/10 rule over time, or something among the lines of 70/30.

    That said, there ARE things you can do to minimize these trial and error phases. These things are NOT foolproof (otherwise I would be a billionaire) but they can help you lower the chances of failure:

    For starters, pick a theme and look for similar books on the Kindle marketplace. If you notice that most of these books have a rank of 10,000 or below (from 10,000 to 1), it likely means that the genre is trendy and profitable.

    Note: If you do the above, DO NOT just sort your search by “Popular” books on Amazon, as some of the results shown will be bestsellers and/or come from well-known authors ( therefore having an automatic good ranking) which could potentially mislead you into thinking the genre is hot and profitable. So, IN ADDITION to the above, also sort your search by “Relevance” to inspect books that are not necessarily bestsellers and books from unknown indie authors. If those other books are also ranking relatively well, then you KNOW you have stumbled upon something worthwhile… 😉

    I once stumbled upon a certain erotic fantasy where most books had a good ranking, even non-bestsellers. I decided to publish a few just to test the waters, and saw dozens of sales immediately that very same month.

    So spend some time researching rankings, themes, and so on – both by bestsellers and non-bestsellers. Take notes as you go, even if browsing takes you an hour or two. The time you spend researching could be well worth it.