This is rather a very quick article on how to make money on Kindle or digital books in general. While I have covered various ways in the past, these basic ideas can help kickstart your money-making journey. If executed properly, these tips are almost always a surefire way to find good Kindle niches.
Finding a profitable angle can be tricky, but once you find it you’re golden. You can go about it in different ways.
]You may decide to tap a tough and saturated genre or topic. You can still make a killing through old-fashioned promotion, networking, giving away free copies, building a FB fan base, and executing all the bells and whistles related to advertising. You should know everything that goes on through this route, and it’s only intended if you truly want to jump into a competitive topic or are looking to become a bestselling author.
You can also take a slightly easier approach to making money on Kindle and dig for a tight niche. For example:
1- Think of anything under the sun. And I mean *ANYTHING* – no matter how mundane that subject may be. Everything you believe, see, sense, hear, smell and touch can be a book topic. Hell, the more mundane or obscure the better.
2- Search for that something on the Kindle marketplace, preferably sorting your results by ‘Relevancy.’ Are there any books about your chosen topic or at least somewhat related?
3- How crowded is the space? How many results did you get? A few thousands is still considered an unsaturated market, generally speaking. But getting fewer book results from your search would be better, in many cases.
4. Check out a few of those books, particularly the first two results pages. What’s the average rank per book? If many of them are under #20,000, you may have found a good niche to write about. Note that this number is very subjective, but a book with a rank of #20,000 generally sells a few copies every single day.
5. Are these books from well-known authors? Do they have tons of glowing reviews? Hopefully not; this means that the topic sells like hotcakes without being ‘manipulated’ by hot reviews and a well-known name.
6. Congrats, you may have found a good topic. Start writing.
All in all, the takeaway here is that anything you can think of can be turned into money. For example, we have people who are addicted to chewing on ice. Have you thought of searching for this odd topic in the Kindle marketplace? I sure haven’t, but you get the idea.
Making money on Kindle and other venues can take time, and sometimes you will run into dead-ends during your search for a golden niche. There are also other subtle factors to consider, as these are only general guidelines aiming to minimize the “guess work” on your end. Once you finally uncover a hot Kindle niche, however, such topic can be “milked” into several profitable books, thus making your efforts massively successful.