Income Report Amazon KDP | 20 Coloring Books = How Much Money?
TLDRThe video script details a creator's experience with selling coloring books on Amazon KDP. Over seven months, 20 books were published with varying success, led by a 'Dinosaurs in Space' coloring book. Total sales amounted to £1384, but after ad spend and expenses, a net profit of £491 was made. The creator suggests that to achieve a monthly profit of £1000, approximately 200 books would need to be created and sold, considering the 40% tax bracket in the UK. The video offers a realistic perspective on the potential earnings from self-publishing on Amazon KDP.
Takeaways
- 📈 The creator has been making coloring books for Amazon KDP for almost a year and shares a transparent overview of their performance and earnings.
- 🚀 The first 20 books were created using AI, with quality improving significantly over the last six months.
- 📚 The best-performing book was 'Dinosaurs in Space,' which sold 223 copies and consistently ranked high in monthly sales.
- 💰 In total, the 20 books made £1,384.29 in revenue over seven months, with the majority of sales in the US, followed by the UK and Canada.
- 📉 Despite initial success, sales dropped significantly after the December Christmas boom, but showed steady growth each month thereafter.
- 🎨 Niche research and keyword ranking played a crucial role in the success of the coloring books, especially for the 'Dinosaurs in Space' and 'Lucha Libre' titles.
- 💸 The creator spent £723 on ads across different marketplaces to boost sales and visibility of the coloring books.
- 📊 A significant portion of the revenue was reinvested into creating the books, with £170 spent on AI for page creation over seven months.
- 🌐 The creator suggests releasing books 1.5 to 2 months in advance of peak selling seasons and investing in ads for better visibility.
- 🔄 The creator plans to continue creating more coloring books, learning from their experiences, and improving their Amazon ad strategies to increase profits.
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 first coloring book and how did it perform?
-The speaker's first coloring book was 'Dinosaurs in Space', and it became the number one bestseller every month for the past seven months.
What was the role of AI in the creation of these coloring books?
-The speaker used AI, specifically Mid-journey, to create the coloring pages for the books, which significantly improved the quality, especially over the last six months.
How much total revenue did the speaker generate from the 20 coloring books in seven months?
-The speaker generated a total revenue of 1,384 pounds and 29 pence from the 20 coloring books over the past seven months.
What was the speaker's total ad spend across all the books?
-The speaker spent approximately 723 pounds on ads for these books.
What was the net profit after accounting for ad spend and AI creation costs?
-After accounting for ad spend and AI creation costs, the speaker's net profit was 491 pounds and 29 pence.
How much tax did the speaker have to pay on the earnings from the coloring books?
-The speaker had to pay approximately 196 pounds and 52 pence in taxes on the earnings from the coloring books.
What was the speaker's take-home profit after all expenses and taxes?
-After all expenses and taxes, the speaker's take-home profit was 294 pounds and 77 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 200 coloring books to make a thousand pounds profit.
What advice does the speaker give for new Amazon KDP publishers?
-The speaker advises new publishers to release their books a month or two in advance of the intended sales push, to do niche research, and to invest in ads to help rank for keywords and generate organic sales.
How does the speaker plan to improve their Amazon KDP publishing in the future?
-The speaker plans to improve by growing their following, creating more books, getting better at niche research, improving Amazon ad skills, and aiming to make the books rank better for keywords.
Outlines
🎨 The Journey of Creating Coloring Books on Amazon KDP
The speaker shares their experience of creating coloring books for Amazon KDP over the past year. They discuss the performance of their first 20 books, the revenue generated, and the advertising costs involved. The speaker emphasizes the importance of ranking well on keywords and the impact of seasonal sales, particularly during December. They also mention the use of AI in improving the quality of coloring books and the challenges faced in ranking new books.
📈 Analysis of Sales and Revenue from Coloring Books
This paragraph delves into the sales and revenue analysis of the 20 coloring books created. The speaker provides specific numbers on sales, revenue, and advertising spend. They highlight the best-performing books and the ones that didn't meet expectations. The speaker also discusses the importance of niche research, keyword ranking, and the role of organic sales in the overall success of the books on Amazon KDP.
💰 Breakdown of Expenses and Profits
The speaker breaks down the expenses incurred in creating the coloring books, including the cost of using AI for page creation and advertising spend in different markets. They calculate the total profit after subtracting these expenses from the royalties earned. The speaker also discusses the impact of taxes on their earnings and provides a realistic view of the financial outcomes from their efforts in Amazon KDP coloring book publishing.
🚀 Goals and Future Plans for Coloring Book Publishing
In the final paragraph, the speaker reflects on their overall experience and outlines their future plans for coloring book publishing on Amazon KDP. They discuss the need to create a larger volume of books to increase revenue and the importance of continuous learning and improvement in niche research and advertising. The speaker also sets a target for creating 200 books to achieve a monthly profit of a thousand pounds, highlighting the long-term potential of their coloring book business.
Mindmap
Keywords
💡Amazon KDP
💡Coloring Books
💡Sales Performance
💡Niche Research
💡AI Creation
💡Advertising
💡Profit
💡Tax
💡Long-term Earnings
💡Keyword Ranking
💡Content Creation
Highlights
The creator has been making coloring books for Amazon KDP for almost a year.
The first 20 books created and their performance will be analyzed transparently.
The use of AI in creating coloring books has improved their quality drastically over the last six months.
The best-performing book is 'Dinosaurs in Space', which has been the number one coloring book every month for the past seven months.
The importance of ranking for keywords and organic sales for long-term profit.
The total sales for the 20 books over seven months amounted to 534.
The total revenue generated from these 20 books is £1,384.29, not including taxes and ad spend.
The creator spent £723 on ads to help with the ranking and sales of the coloring books.
After expenses and taxes, the net profit from the 20 coloring books over seven months is £491.29.
The creator made £15 per book on average after taxes and expenses.
To make £1,000 per month, approximately 200 coloring books would need to be created, considering the current tax bracket and part-time creation.
The creator plans to improve niche research and Amazon ads to increase profitability.
The creator's experience serves as a realistic view of publishing on Amazon KDP, especially for newcomers.
The creator's strategy includes growing their following and increasing the volume of books to boost income.
The creator aims to create 200 coloring books to achieve a monthly profit of £1,000.
The creator plans to review the next 20 coloring books in six months to assess improvements and performance.
The video provides an honest and transparent review of the creator's first 20 coloring books on Amazon KDP.