SNM147: Should You Sign Up Your Books for Kindle Unlimited?
Kindle Unlimited is a very enticing program. You get paid when people rent your book. But the price is exclusivity with Amazon. Is the price worth the cost?
I Love Amazon
Before we jump into this, I need to be very clear: Amazon has been very good to me.
The majority of my books are part of the Kindle Unlimited program, but it might not be the right fit for everyone.
Right now I’m diversifying my business by increasing the number of products that I sell directly from Amazon.
I’m moving into physical products, books and even dabbling with some coloring books.
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It’s quite possible that I cannot be objective on this matter.
Diversify Your Risk
If Amazon collapses, your entire business can disappear overnight.
You never want to leave vulnerabilities in your business.
If all of your income is from a single entity, that entity will have a great deal of power over you.
Amazon is one of the largest companies in the world, but no company is truly too big to fail.
Do you want to put all of your eggs in one basket?
Once you have a profitable online venture, the next step is to diversify each step in the process.
The Other Game in Town
The other two platforms worth a gander are Kobo and iTunes.
There are loads of reasons to check out each of these platforms.
iTunes has far less competition and you can charge a lot more for your books.
It’s considered a premium platform and the audience is willing to pay a premium price.
And that’s just the beginning…
Show Notes:
Key Points:
- Kindle Unlimited charges a price in exclusivity
- iBooks can be very profitable
- Kobo is a growing platform
Resources Mentioned:
Kindle Book Description Generator
Most other links can be found in my TOOLBOX
Send in your questions to podcast [at] servenomaster [dot] com
Sponsor:
Ready to leave the job you hate and find the fastest path to online wealth? Learn the best asset you have right now to leverage income and build financial run way in my bestseller "Fire Your Boss." Click here to download the book for free.
