ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to Make Thousands a Month from Home

Updated on April 25, 2016

What is Passive Income?

Passive income is money that you generate without having to monitor it. For example, once you post a YouTube video and monetize it, you will make money from it forever. It might not be a lot of money, but you don't need to work with it anymore and you'll still be making money from it.

Amazon KDP

So what's the method I'm going to show you to making money easily? Writing eBooks for Amazon. It's a very easy and simple thing to do. Just open up a word document and start writing. You make royalties off of each sale and with Amazon having over 3 million credit cards on file, getting some sales isn't that hard. The key is quantity with a little quality. Write large amounts of eBooks in a short amount of time but still have some quality to it.

What if I'm not a writer?

So what if you don't know how to write or create eBooks or anything? Well that's where investments come in. "It takes money to make money", it's a famous quote that really applies to any business. You may think you can do everything on your own, but truth is you can't. It's going to save you a lot of time and effort to hire what are called "ghost writers" or freelancers. These are people who will write you an eBook that you can sell to sites like Amazon. It cost you some money up front but it will all be made back in time, like investing into stocks.

How long does it take to make money?

Well in order to receive a check in the mail, you need to make $100 and then wait 2 months. This may seem like a long time, but trust me it really isn't. During those 2 months you HAVE to keep producing more eBooks. After researching other kindle publishers, it takes about 2 months before your eBooks really start selling and it takes about 200 eBooks to make $1000 a month. So if you produce 1,000 eBooks, you'll be making $5,000 a month ($60,000 a year) through passive income. You'll never have to do anything ever again and you'll still be making money from this. Granted if you never post anything again your income will start to go down a bit over time, but you'll still always be making at least a few thousand a year.

How much would you be willing to put into hiring freelancers per job?

See results

200 eBooks? That's a lot!

It's really not a lot. When I say eBooks, I don't mean like writing a harry potter novel or an encyclopedia. You only need say a 20 paged guide for something. A how to or the sorts. You can write some short stories as well and that will sell.

But like stated above, hiring a free lancer is an amazingly fast way to get these eBooks created. The best site I have found for this is Fiverr. Content is cheap, but you can still make all your money back and more pretty quickly. The following are some gigs and why they are the best for hire.

Is it this credible?

You can also find YouTube videos that show you that this stuff actually works. Many people do this and one of the most common ways to make eBooks is by outsourcing them (hiring someone to write them for you).

And besides, even if you don't make thousands a month, you will still be making more money than you were before.

How much should I spend?

Only spend what you have money for. If you're struggling with money then maybe you shouldn't hire anyone until after you've started making money with Kindle, but if you're rich and looking to get richer, then spend whatever you want, the more you spend the more you make. One thing you learn in investments is the more you risk, the more you make. That applies to this as well, but the risks are always so incredibly low, even if you were to risk $100 the worse that could happen is you'll have to wait a year before that is made up completely, but even then after that you will be making a positive income. So if you're looking to increase your assets this is one of the fastest, cheapest and easiest ways.

Do you plan on using this method for making passive income?

See results

Have you ever heard of KDP (Kindle direct publishing)?

See results

If you're wondering how long 1,500 words is (like in the gig), this post is almost 850 words. Just to put things in perspective.

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)