Income Report Amazon KDP | 20 Coloring Books = How Much Money?

Self Publishing Empire
17 Jul 202318:30

TLDRThe video script details a creator's experience with selling coloring books on Amazon KDP, highlighting the performance of the first 20 books over seven months. The creator shares transparently about sales, ad spend, and profits, revealing that while a few books performed well, the majority did not. They made £661 in profit after ad spend and £491 after additional costs, aiming to improve with experience and grow their income through increased volume and better ranking for keywords.

Takeaways

  • 📈 The creator has been making coloring books for Amazon KDP for almost a year and shares a transparent overview of their performance and profits.
  • 🎨 The quality of AI-generated coloring books has significantly improved over the last six months, affecting sales and consumer appeal.
  • 📚 The first 20 books created were analyzed for sales performance, with the best-performing book being 'Dinosaurs in Space'.
  • 💰 In seven months, the creator made £1,384.29 in royalties from the 20 coloring books before deducting ad spend and other expenses.
  • 🇬🇧 Sales were predominantly in the US, with the UK and Canada also contributing significantly to the total sales figures.
  • 🚀 Early success in the Amazon KDP platform was attributed to the December Christmas boom, highlighting the importance of timing in relation to sales.
  • 📉 A significant drop in sales was observed after the initial Christmas boom, but a steady growth pattern was seen in the months following.
  • 💸 The creator spent a total of £723 on ads across different marketplaces to promote the coloring books, which played a crucial role in driving sales.
  • 📊 Ranking well for keywords and generating organic sales were identified as key factors in the success of individual coloring books.
  • 🔄 The creator plans to continue creating more coloring books, learning from their experiences, and improving their Amazon ad strategies to increase profits over time.
  • 🎯 To reach a monthly profit of £1,000, the creator estimates that approximately 200 coloring books would need to be created and sold, considering current performance metrics.

Q & A

  • How long has the speaker been creating coloring books for Amazon KDP?

    -The speaker has been creating coloring books for Amazon KDP for almost a whole year.

  • What was the speaker's primary tool for creating the coloring books?

    -The speaker primarily used AI, specifically Mid-journey, to create the coloring books.

  • What was the best-selling coloring book among the first 20 created by the speaker?

    -The best-selling coloring book among the first 20 was 'Dinosaurs in Space'.

  • How much revenue did the speaker generate from the 20 coloring books in seven months?

    -The speaker generated a revenue of 1,384 pounds and 29 pence from the 20 coloring books in seven months.

  • What was the total amount spent on ads for these coloring books?

    -The total amount spent on ads for these coloring books was approximately 723 pounds.

  • What was the net profit after deducting ad spend and AI creation costs?

    -The net profit after deducting ad spend and AI creation costs was 491 pounds and 29 pence.

  • How many coloring books would one need to create to make a thousand pounds profit, according to the speaker's experience?

    -Based on the speaker's experience, one would need to create approximately 194 coloring books to make a thousand pounds profit.

  • What advice does the speaker give for new coloring book creators on Amazon KDP?

    -The speaker advises new creators to release their books a month and a half to two months in advance of the intended sales push, focus on niche research, and invest in ads to help with ranking and initial sales.

  • How much did the speaker spend on the AI tool, Mid-journey, over the seven months?

    -The speaker spent approximately 170 pounds on the AI tool, Mid-journey, over the seven months.

  • What was the speaker's take-home profit after all expenses and taxes?

    -The speaker's take-home profit after all expenses and taxes was 294 pounds and 77 pence.

  • What is the estimated average earnings per book for the speaker?

    -The estimated average earnings per book for the speaker, after taxes, is about 14 pounds and 63 pence.

Outlines

00:00

🎨 Amazon Coloring Book Sales Journey

The speaker discusses their experience of creating and selling coloring books on Amazon KDP over the past year. They delve into the performance of their first 20 books, including the amount earned from each and the advertising costs involved. The speaker emphasizes the importance of ranking well on keywords and the impact of seasonal sales, particularly around Christmas. They also mention using AI to improve the quality of their coloring books.

05:02

📈 Analysis of Coloring Book Performance

This paragraph provides a detailed analysis of the sales performance of the speaker's coloring books. They discuss the best-selling titles, such as 'Dinosaurs in Space' and 'Lucha Libre Wrestling', and the factors contributing to their success. The speaker also shares insights on the challenges faced with other books, like the 'Lazy Labrador' and 'Alien' coloring books, which did not perform as well. They highlight the importance of ranking for the right keywords and the role of advertising in driving sales.

10:03

💰 Breakdown of Earnings and Expenses

The speaker breaks down the financial aspects of their coloring book sales, including the total earnings from the 20 books and the expenses incurred for advertising and creating the coloring pages using AI. They share the total amount spent on ads across different marketplaces and the monthly cost of using the AI tool, Mid-journey. The speaker also discusses the impact of taxes on their earnings and provides a net profit figure after accounting for all expenses.

15:04

🚀 Scaling Up and Future Goals

In the final paragraph, the speaker reflects on the overall experience and earnings from their first 20 coloring books and discusses their future plans. They express their intention to grow their following, create more books, and improve their Amazon ad skills to increase profits. The speaker also highlights the need to consider tax implications and the potential for long-term income from their coloring books. They conclude by emphasizing the importance of continuous learning and improvement in the Amazon KDP publishing journey.

Mindmap

Keywords

💡Amazon KDP

Amazon KDP, or Kindle Direct Publishing, is a platform that allows authors and publishers to independently publish their books directly to Amazon. In the video, the narrator discusses their experience using Amazon KDP to publish and sell coloring books, highlighting the importance of ranking well for specific keywords to drive sales and generate income.

💡Coloring Books

Coloring books are the primary product discussed in the video. They are creative, artistic books filled with patterns and designs for readers to color in. The narrator shares their journey of creating and selling coloring books on Amazon KDP, analyzing the performance of 20 different titles and the profit they generated.

💡AI

AI, or Artificial Intelligence, is used in the video to refer to the technology the narrator employs to create the coloring pages for their books. The narrator mentions using a tool called Mid-Journey AI to enhance the quality of their coloring books, which has significantly improved over time.

💡Sales

Sales refer to the number of units sold for a product. In the context of the video, the narrator is focused on the sales figures for their coloring books on Amazon KDP. They discuss the fluctuation of sales over time, the impact of seasonal demand (like Christmas), and the role of advertising in boosting sales.

💡Ranking

Ranking in the video pertains to the position a product holds in search results on Amazon. A higher ranking for specific keywords means a higher visibility for the product, leading to increased organic sales. The narrator emphasizes the importance of ranking well to achieve successful sales for their coloring books.

💡Ads

Ads, or advertisements, are a marketing strategy used by the narrator to promote their coloring books on Amazon KDP. The video discusses the costs associated with running ads, the effectiveness of different ad campaigns, and how ads contribute to the overall sales and profitability of the coloring books.

💡Profit

Profit is the financial gain realized from the sales of a product, minus the costs involved in producing and selling it. The narrator calculates their profit from the 20 coloring books by subtracting the expenses (like ad spend and AI software costs) from the total revenue earned. The video aims to provide a transparent view of the profit margins associated with selling coloring books on Amazon KDP.

💡Niche Research

Niche research is the process of studying a specific market segment or audience to understand its needs and preferences. In the video, the narrator conducted niche research for their dinosaur-themed coloring book, which contributed to its high sales performance. The concept underscores the importance of understanding target audiences to create successful products.

💡Seasonality

Seasonality refers to the pattern of sales being influenced by the time of year. The narrator mentions the December Christmas boom as a period of increased sales for their coloring books on Amazon KDP. This highlights how seasonal trends can significantly impact product performance.

💡ROI

ROI, or Return on Investment, is a financial metric used to evaluate the efficiency of an investment. In the video, the narrator discusses the ROI in terms of the time and effort put into creating coloring books versus the profit they generated. The concept is crucial for understanding the financial viability of the narrator's coloring book business.

💡Tax

Tax refers to the compulsory financial charge imposed by a government on individuals or entities. In the video, the narrator mentions the need to pay tax on their earnings from selling coloring books. Understanding tax implications is essential for calculating net income and the overall profitability of the business.

Highlights

The creator has been making coloring books for Amazon KDP for almost a year.

The first 20 books created and their performance are analyzed in this video.

The use of AI in creating coloring books has improved their quality drastically over the last six months.

The best-selling coloring books were 'Dinosaurs in Space' and 'Lucha Libre wrestling'.

Publishing coloring books in time for Christmas can boost sales significantly.

Ranking well for keywords and organic sales are crucial for making money on Amazon KDP.

The total revenue from the 20 coloring books over seven months is £1,384.29, not including taxes and ad spend.

Advertising costs were approximately £723 across different markets for these books.

The creator spent about £170 on AI for creating coloring pages over seven months.

After expenses and taxes, the net profit from the coloring books was £491.29 over seven months.

The creator made an average of £24.56 per book before tax.

To make £1,000 per month, approximately 200 coloring books would need to be created and sold, considering current performance.

The creator plans to increase the volume of books and improve on ad strategies for better results.

This video provides a realistic overview of publishing on Amazon KDP for newcomers.

The creator intends to review the next 20 books in six months to track progress and performance.