The Future Of Kindle Publishing #Best Education Page #Online Earning

hey everyone Stefan here from

projectlifemastery.com in this Kindle

Q&A video I'm gonna answer a question

that someone asked me about the future

of Kindle publishing you know this

person was publishing on Kindle for a

few months now and they wanted to know

my opinion of where I believe that

Kindle publishing is going in 2015 2016

and you know for years to come and you

know it's something that I've thought

about a lot because I've been involved

in Kindle publishing for about three

years now and I've seen the evolution of

Kindle over those last few years and of

course it's only speculation on my

behalf cuz I don't really know where

it's gonna go but I can just you know

follow the trend of it only you know

people that are involved in Amazon know

what they're gonna do with it and

everything but I'll just show you my

perspective on it so one I believe that

Kindle publishing is a growing trend the

evidence is there I could show you

charts of this

we're basically paperback books are

slowly slowly slowly dying unfortunately

you know bookstores are closing down

they're finding it harder and harder to

compete with you know devices like

Kindle and Kindle is bigger than all of

their competitors combined so Kindle is

really the go-to platform in terms of

where people go to buy digital ebooks

and basically what's happening like I

said paper black backs are dying and

it's really the older generation

primarily you know our parents and our

grandparents and whatnot that are still

reading paperback books I know I do

understand the younger generation still

does but the young generation people

that are growing up in high school you

know unit university getting to the 20s

and 30s now we're basically being

trained and conditioned by society to

consume information and digital formats

right we read things on our computers on

our iPads on our iPhones and of course

on our Kindle devices as well but you

know on our iPads or iPhones we're able

to read books from Kindle also so that's

a core thing is how people are consuming

information the Internet is changing

that in a big way not only in that but

having physical paperback books is

actually a problem for the environment

as well because

a lot of books that get produced in

paperback form just go to waste

you know waste bins and stuff like that

and you know it's affecting our entire

ecosystem on this planet so the rule is

making that transition it is evolving

and right now the truth is Kindle is

only really big in the United States I

live in Canada I work with people you

know all over the world from Asia to

Europe to South America Australia all

over the world and really the United

States is the biggest market of Kindle

after that is the United Kingdom and

then after that you know probably Canada

after that and in other parts of Europe

and with Amazon and Kindle they're

growing rapidly and you might not think

it's really big you know where you live

and stuff but it is slowly growing and I

believe over years five ten years from

now it's gonna be pretty mainstream in

all the countries around the world and

again the evidence of that has just been

going skyward like this you know

Amazon's been expanding in Australia and

India really all over the world in all

these different countries and it's gonna

take a while for it to catch up the

United States but it is heading in that

direction so I believe the trend of

Kindle is just we haven't even seen the

true potential of it and so that's why I

believe the power and getting involved

in something like this now because the

trend is just going up it's just

exploding and if you publish books now

on Kindle you can benefit passive income

from that for years and years years to

come now who knows how technology will

change maybe some new revolutionary

concept comes out where you can all of a

sudden you don't have to read books

anymore you can just upload you know the

book to your brain or something like

that

and you know even if something like that

does eventually come out which I'm sure

it will right within ten years or

something like that then it would still

take a while to weed out Kindle and make

that transition similar to the

transition of paperback to Kindle right

now whatever it comes up after that

would have to slowly read Oh Kindle

which would still probably be another

decade or so

so Kindle is on the up-and-up it's

growing it's expanding anybody that's

doing Kindle publishing today in this

business the future looks very very

bright for you

optimistic about the the direction of

Amazon Amazon doesn't even make money on

Kindle by the way they don't make money

from their Kindle devices or their

Kindle books they actually lose money

and the reason is they are very

aggressive and growth they're taking

whatever money that they're making and

they're reinvesting it to expand in all

these different markets and so it's

great to partner with a business like

that that is growing and being

aggressive in that way because everyone

is going to benefit from that all

publishers authors that are publishing

on Kindle are going to benefit from the

future of Kindle and what Amazon is

doing so I think that is really really

big ok another thing that's worth

considering as well is audiobooks

because I really believe audiobooks is

also the next big trend into the future

as well and audio right now it's a

little bit behind on Kindle but it is

growing pretty fast and Amazon owns a CX

KAC XCOM and that's their platform for

publishing audiobooks on audible and

iTunes and especially now with the

emergence of podcasts you know people

are consuming more and more information

just listening to it because a lot of

people they like to listen to audiobooks

podcast when they're at the gym when

they're going for a walk when they're

driving when they're traveling whatever

it is so I really believe the power of

audible as well and I think that's

another huge growing trend and I've been

publishing the number of audiobooks if

you follow my goals reports for a while

now and I've been making a lot of money

on audible because it's largely untapped

and you know the audiobooks that i'm

publishing today as well as the kindle

books I have Kindle books that I

published two years ago that still

continue making me money month after

month passive income no maintenance

whatsoever that I just set it and forget

it and that's the great thing even with

audible is whatever work that you're

putting in now you're gonna enjoy the

benefits from it for years and years and

years to come

even if yours from now it just makes you

a couple of dollars here and there you

know it's still bringing you a return on

your investment from what you invested

in on those Kindle books so that's kind

of my mindset my approach on it of how

I've approached Kindle and audible is

seeing the long-term potential of it

building up the quality of my books of

course your books do have to be

quality for the long run building up the

Amazon reviews the authority of it

building up the paperback version as

well as the audio version of it and just

making my books into authoritative books

that will be around for years and years

and years to come

now I explain this inside my K money

mastery program that it is short term

mentality if I'm just gonna publish a

crappy book and do the bare minimum on

it then of course it might make you a

little bit of money in the short term

but in the long run it's not going to be

around to benefit from the massive

growth the Amazon is having but if you

take the right approach of what I teach

and you you invest the time the money

you build it up you're making the third

hit a book a book that you're proud of

that's great and you build up the

rankings of that then you're gonna

benefit from that in terms a passive

income from years and years and years to

come

as Amazon gross because if you've got

that book that's there selling it's just

gonna make money as Amazon grows because

all the some people are gonna find it in

India and Australia and Canada as more

and more people get their Kindle devices

for Christmas on their birthdays or

whatever it is again it's gonna benefit

everybody so so that's my belief I I do

believe Kindles just really the

beginning stages of it right now and you

know I know people that you know back in

2013 that got started in Kindle

publishing when I start teaching it that

are just making ridiculous amounts of

money today that haven't even touched it

they just published some books back when

I taught it in 2013 and then left it and

they're still making passive income from

it which is pretty insane and it's

making more I know more people are

making more today than ever before back

two years ago when I 2 or 3 years ago

when I started with with Kindle

publishing just because of the growth

and the potential of all the different

markets on Amazon have just exploded

since then you know so I actually think

it's easier to make money today with

Kindle publishing than it was three

years ago and of course I don't know I

didn't know back then what I know today

so that could be a factor as well maybe

if I knew what I knew now and it could

go back in time three years ago I'd be

making way more but I just see I'm just

seeing the massive growth of Amazon and

Kindle and I just believe in that

potential the future of it looking

really really good

for anyone that's getting started in it

so I believe it's a long-term passive

income stream

of course it's hard to speculate more

than ten years out because like I said

who knows if people just can be

uploading information to their brain but

I believe for the next 10 years this can

be great and then who knows that for ten

years from now that's worth assessing

and I do recommend from people that do

make money on any online business

because the Internet is always changing

is you want to take some of the money

you want to obviously reinvest it back

into your business but you also want to

take some of that money and invest it

offline investing whether it's in real

estate or stocks and diversified right

income and that's exactly what I've done

I've made a lot of money online I invest

some of that into other online

businesses but I also take some of that

and I invest it offline as well just so

you're diversified in case anything does

change with technology down the road

okay so hopefully this answers your

question and gives you a clearer idea

and hope and confidence in Kindle

publishing for the future thank you for

watching this video I'll see you in the

next one

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