Funke
New Contributor
Hey everyone!
I have decided that I need accountability and support, so I'm going public with my goal and hopefully it will have some kind of effect on me, more pressure and motivation.
$24,000 monthly is my goal for F.U. money and I want to have it with the end of this year.
After 2 years of fighting, failing, learning and creating stability inside my brain I got to the point where I "understand" myself and what I should do to produce results.
I tested a lof of things including blowing money on innovation startup, different workshops and trainings, and I was trying different businesses which got me into debt of $10,000.
$800 / month - cost of living right now (all of my bills, including debt payments)
$770 earned last month (February) from books, not including expenses
March should bring me $1000+ with my 21 non-fiction books already published on KDP and Createspace. I should have more freedom with each payment from Amazon that comes from now on. I will also start tracking expenses for the business much more, as I have been a bit of careless with my investments and testing marketing options/courses around me, though I learned a thing or two with each.
My estimation is that 400 books should give me the $24,000 monthly, however I believe that with proper quality, backend, affiliate marketing and list building behind those books, 200 books under multiple pen names should be enough.
As you can see my idea is to go for quantity, with that I always try to find 20/80 marketing solutions and small quality things which matter but don't require much time. I am outsourcing the business as much as I can afford it.
I want to do updates on my progress every week (think fridays) or more often. I also want to set up a blog and publish posts with my progress in different places/groups. I want to explore different non-fiction niches, as well as try some fiction and books for kids. I want to try to translate books to different languages and explore foreign Amazon markets.
Hopefully I will manage to do it all before book business dies 😀 and then I will diversify the income with other projects.
Regards,
Tom
I have decided that I need accountability and support, so I'm going public with my goal and hopefully it will have some kind of effect on me, more pressure and motivation.
$24,000 monthly is my goal for F.U. money and I want to have it with the end of this year.
After 2 years of fighting, failing, learning and creating stability inside my brain I got to the point where I "understand" myself and what I should do to produce results.
I tested a lof of things including blowing money on innovation startup, different workshops and trainings, and I was trying different businesses which got me into debt of $10,000.
$800 / month - cost of living right now (all of my bills, including debt payments)
$770 earned last month (February) from books, not including expenses
March should bring me $1000+ with my 21 non-fiction books already published on KDP and Createspace. I should have more freedom with each payment from Amazon that comes from now on. I will also start tracking expenses for the business much more, as I have been a bit of careless with my investments and testing marketing options/courses around me, though I learned a thing or two with each.
My estimation is that 400 books should give me the $24,000 monthly, however I believe that with proper quality, backend, affiliate marketing and list building behind those books, 200 books under multiple pen names should be enough.
As you can see my idea is to go for quantity, with that I always try to find 20/80 marketing solutions and small quality things which matter but don't require much time. I am outsourcing the business as much as I can afford it.
I want to do updates on my progress every week (think fridays) or more often. I also want to set up a blog and publish posts with my progress in different places/groups. I want to explore different non-fiction niches, as well as try some fiction and books for kids. I want to try to translate books to different languages and explore foreign Amazon markets.
Hopefully I will manage to do it all before book business dies 😀 and then I will diversify the income with other projects.
Regards,
Tom
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