20. An eBook Business
Amazon’s Kindle eBook store grosses millions on top of millions of dollars every month with sales of digital eBooks that people read on their Kindles or mobile devices. It’s free to sign up for an account, get your tax information verified, and upload an eBook you wrote to be listed in their marketplace in its respective category. When someone buys a copy, you make a 70% commission on whatever price you set for the book, and Amazon takes the other 30% for giving you the marketplace full of customers. Not a bad gig. Amazon also has a program called KDP Select in which the company allows readers to subscribe for the unlimited reading of any books that authors opt into that program (most authors do it because it’s big money).
When a Kindle Unlimited reader reads your eBook, you don’t get paid a commission for the sale of that eBook. You get paid a certain amount for every page they turn, so the more they read, the more you make. The money is divided up among all the page reads of all the KDP Select enrolled books, and the pool is announced each month in advance, usually something around $16 million every month up for grabs. The only investment you might need is the time and energy in writing the books. It needs a lot of careful planning and time to come out with a book. But once it’s completed then you just wait for the financial returns which you will get paid from these companies. There are some individuals who will immediately start writing other books when they finish with the first one. This ensures that you have a large amount of income when all these books are on the market. Get you some.