If you have heard about Kindle Cash Flow and its business opportunities, then I am sure that you are very interested in knowing what they really have to offer for you. The creator of the program, Ty Cohen, says that it is possible to make over $25,000 per month selling 25-page documents.
But are you really able to replicate his 3-step method? Can you really make over $100,000 every year as a passive means of income? Sounds too good to be true right? Well, let’s go through the whole program together and see if this strategy is actually viable or not. I will be detailing the entire strategy below as well as my take on whether you should go ahead with this program. Read on for more.
An explanation of what Kindle Cash Flow is
Well, it is a training program developed by Ty Cohen, that teaches you how to start generating passive income online just by selling electronic books on the online platform Amazon. According to the creator, you only need to follow his three-step process in order to start gaining over $100,000 per year. This is a method that has apparently been successful for both Ty and his ongoing students.
Having researched into this space of online business, I am sure that you have already come across many other internet business models that claim to bring you good passive income. Most of these involve having to own a website, build email lists, look for relevant traffic, and so on. However, the thing about this platform is that it only works on Amazon and you don’t have to worry about any of these factors. You can rely solely on the traffic that comes on to the Amazon websites.
Once you have understood the concept of the method, it will then teach you how to run the whole thing on auto-pilot without too much of your involvement. It will teach you about outsourcing the work and then using your time to start scaling it even further to the point where you are able to make $100,000 per year. Ty says that you don’t even have to sell books that you are familiar with. You can sell any book and you don’t need to know anything about them, you just need to find the right people to hire to complete each step of the business.
An explanation of how this program works
As I mentioned, there are three steps to this whole program. Here are the three:
You need to do research and find those topics that are currently in demand
This is something that I have seen many people not do right. They don’t put in the extra research before they start out on their business venture. It is difficult to start a business in a particular niche without first identifying if the people within that niche are actually interested in buying the product or not. You need to research trends and the competition to really know if your product is going to be profitable in the future.
Because most people tend to skip this or spend very little time on it, most start-ups will fail. To fix this issue, the creator of the program starts off the first step with a detailed process you can follow to find ideas for which e-books to sell that are popular. Here is a breakdown of the process:
- Visit a site – Udemy.com or something similar. You then need to browse through the topics and subtopics to find courses that have more than 1000 students for each of these topics.
- Then, you need to go to Amazon Kindle and search for books that have similar topics. If you can find even one of them, you’re on the right track. The best-seller rank needs to be around 20,000 or lower. If you are unable to find any books on the topic you have selected, then it is time to scrap that idea and move on to another topic.
- You can now use the courses, the descriptions, and reviews on both the Udemy site and the Kindle book to know more about what the book is talking about. You can use these points to write in your book so that your chances of succeeding will improve.
Complete the e-Book without having to write yourself
Once you have completed the first step, the next part is to write the book you want to sell. And no, you don’t have to do this yourself (unless you want to). You need to go online and find people who are willing to write this 25-page book for you for a price under $150.
In the training, you will learn about how to find the best writers for this job as well as the characteristics you need to look out for. It will even give you the best marketplaces such as Fiverr or Upwork, where you can find these great writers.
What you need to keep in mind is that this book needs to be short and to the point. That means, no fluff and filler words to beef up the content. The reason people read shorter books is because they want information that is actually clear and practical without having to read through so much.
Once your writer is done with the book, you should now change it into an e-Book with a new cover and artwork. Again, you will need to hire someone else to get this done for you.
Publish the book on Amazon Kindle and keep earning passive income
There is a section on Amazon Kindle called “Amazon Kindle Singles”. You can publish your book in that section with a price tag of around $3 – $10. The training will teach you this whole process including how you need to come up with a title and description for it.
This part is really important because there is no way for people to find the book other than through the title and description via search. So your book needs to show up when people type certain keywords relating to the topic of your book.
Once you have done all this and uploaded it, Amazon will automatically make these sales happen for those who want to buy the book, and you will get your monthly commissions for the sales you make.
Now, this is just the step-by-step process for getting one book off the ground and selling on Amazon. In order to scale, you will need to ramp this up a bit more. You will either have to find other books on similar topics or switch to a completely different topic.
The goal here to reach over $100,000 in passive income a year is to have 15 books in circulation inside Amazon Kindle.
How profitable can this method be for you?
Let’s take a look at the numbers based on the figures that Ty Cohen has mentioned on the program. Earning $100,000 per year with 15 books in circulation:
For each book that you have, you would make – $100,000/15 = $6,666
Each month for every book you have to make – $6,666/12 = $555
Let’s assume the profit you get from each book is around $5. When you do the math, you will need to sell around 110 copies of each book every month in order to get to that level.
(110 x 5) x15 x 12 = $99,000
When you really look at it, these numbers aren’t impossible to reach. Granted it will not be easy and you will need to put in some elbow grease when you get started, but with the right training and method, you can start to see these numbers over time. This is what the creator of the program has said about the program and you can learn all about how to do this once you purchase it.
What does the program come with when purchased?
Over the past months, Ty has gone around doing live workshops relating to the Kindle Cash Flow model. Within these workshops, he included certain modules that you can go through inside of the program:
Module 1 – Having an Entrepreneurial Mindset
Before you get started on anything, you will first need to get your mindset right for business. This is actually something that is talked about by many programs and many creators try to fix this first before moving on to the rest of the program.
Here, they are trying to help you get rid of procrastination which is one of the main reasons that people tend to fail. Not only with this method but with any form of business, procrastination can stop you from reaching success.
On top of that, the training also talks about delegation and how important it is to outsource works to others in order to start scaling your business.
Both of these areas are really important to grow your business, and you can fail if you don’t have the right mindset and plans for the business.
Module 2 – Preparing and researching before starting
This module is the section that teaches you about researching and coming up with ideas for your books. This will give you all the detailed explanations you need to make sure that your books will sell.
There are other factors such as competition levels, knowing whether it is worth it to chase after a particular topic or not, as well as free or low costing tools that you can use to help you sell these books online.
Module 3 – Outsourcing your work and writing the book(s)
You don’t need to do the writing by yourself, you can just hire people to do it for you. This is especially helpful for those who are not native English speakers. This way you don’t have to worry about writing the book wrong
In this section, you will learn the information you need to filter out the good writers from the mediocre as well as which platform is the best for you to choose from. You need to make sure that your book is of top quality and easily digestible enough. To do this, your writer needs to be really competent and able to deliver on your requirements for the best price.
Module 4 – Completing the book and marketing it
After the writing is complete, you will need to hire someone to design a new cover for it. It will need to be of high quality and look appealing because it is one of the first things that users on the site will notice about your book. You can find a good freelancer who can design eye-catching book covers for less than $20 on these online platforms.
After this is done, you then need to write a descriptive and encouraging description about the book to get readers to purchase the book. These are certain guidelines that you have to follow on Amazon in order to rank better. Also, just like the cover image, the description will be looked at by all your prospective customers, so you need to put some effort into perfecting this.
Next on the training will be how to finish uploading the book on Amazon, getting the book approved and published on the site, and then how you can optimize the whole process to gain the most amount of sales over time. There are times where Amazon may even reject your book, and the training explains what you can do about this as well.
Once you have uploaded the book, you can’t just sit around waiting for the sales to come in. You need to market it right and market it well. You will need to engage with reviewers who will promote your book to their readers and also learn about how you can ask for positive reviews from your customers so that you can make your book seem more credible on Amazon Kindle.
There are a couple of bonus items that you get here:
Bonus 1 – Talks about a free tool that you can use inside Amazon to promote your book and take the position as #1 best-seller in the category relevant to your book.
Bonus 2 – There are times promotions can become spammy. Learn how to avoid this and market the books in a good way.
Module 5 – Automating the process and scaling to grow
Once you have established yourself on Amazon and have begun making profits, it is time to grow the business to the point where you re-invest your incoming revenue into the creation of more e-Books. This is how you get to those high amounts of passive income over time.
How much does the program cost?
This program comes with a one-time payment of $697. You can either choose to pay it in one go or make three payments over time, each at $277.
If you want to make use of their additional upsells which provide more value, they will cost you a further $147 for one upsell, and a $197/month payment for the second upsell.
Now, let’s look at the other costs involved in running the business. Outsourcing all that work to freelancers will cost you around $200 for one book. You can either choose to do this or finish the work yourself will be cheaper but a lot more time-consuming.
Before you purchase the program, you should know that there is no money-back guarantee or refund policy for this program. So once you purchase the program, you won’t be able to get your money back. However, the website does mention that if you were to contact them within 3 days and cancel the program, you can get your money back.
What is good about this program?
Let’s look at what this program does right:
Overall, this is a great business model with the real potential of earning that passive income.
Compared to some of the other online money-making models, this one is not as saturated. Also, being in the industry of education and learning is always going to have traffic and users.
There is a clear guideline for every step of your journey so you can refer to it when you come across a problem.
You don’t need to bother with building a website, using strategies to create email lists, and so on. These of course can be an advantage to your marketing strategy and help you sell more. But it is definitely not necessary.
As an online business model, this one doesn’t cost a lot of money to invest. You are paying a marginal amount compared to what you would spend on a business like dropshipping where you have to pay for ads constantly.
There is room for scaling and growth with this model and you won’t be stuck with only selling one or two books. If you put in the work and do the correct research, you can simply outsource the work to others and lie back while passive income starts flowing in.
What are the flaws in this program?
One of the biggest problems with this method is that all of the time can be taken away from you in an instant. Unlike a website, where you own it and have full control over it, you are operating on Amazon. They have the power to strip your book from search and even ban your account. If for some reason this happens, you will lose all the hard work you put into it.
It is quite pricey to join the program as $697 is quite steep for a newbie business venturer.
Unlike other programs like this, there is no refund policy available. That means you will need to commit to it before you make your purchase. There is a 3-day gap to cancel, but three days is not a lot of time.
My verdict – Should you join Kindle Cash Flow?
Let me first say this, Kindle is not a scam program that some people seem to think. It is a legit business model that has the capabilities to earn you that passive income. It is also coming from a person who knows what they are talking about and has experience in running this type of business, therefore, you can trust the methods they are teaching. However, the only problem with it is the refund policy. Since money is a big factor for a lot of people, this makes the program viable only to a few. Therefore, if you have the money for it and are interested in this type of business, then you should definitely give it a try.
However, if you don’t have this kind of budget on hand but still want to try and earn some income online, then continue on to the next section.
What other business model is available?
As I mentioned, you should try out the Kindle Cash Flow method if that is what you want to do. But, what are you supposed to do if you don’t have the money for it? Well, I have a solution for you that can help you along your online business journey.
I have created a guide that talks about how to make money online. This guide will include all the experiences and fallbacks that I have come across in my online business journey as well. It is completely free and I am offering it to you as a way for you to learn more about what to expect when you start on this path.
Now, this is not some all-in-one method that will surely be able to make you start earning money. It is more of a guide that is geared towards helping you learn more about what the online business environment is like.
If you don’t have the cash to invest in a model like Kindle Cash Flow, then this is a good way for you to learn more and apply some of those skills in other areas of online business such as affiliate marketing where you don’t have to spend as much money.