How to Make Thousands a Month from Home
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.
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?
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.
- ghostwrite you a fiction eBook for amazon kindle - fiverr
If you're looking for a fiction book for only $5, this is your gig. For $5 you will get a short eBook that you can sell but the rights to the universe will belong to the author, however you can buy 250 more words for and additional $5.
- write a recipe cookbook for Kindle - fiverr
Cheap and fast. With the standard cook boo being only $5, you can get 20 of them for $100. Cookbooks are meant to be sold in mass quantity and it is expected to sell 0-5 of each a week. If you make $2 per sale, you'll make your money back in a month.
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?
Have you ever heard of KDP (Kindle direct publishing)?
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.