I co-authored a book. Then did a kickstarter. And now we transition into the passive income.
Shawn (my co-author) and I each have an unlimited distribution license. Shawn can sell as many copies as he likes and he keeps all the money. I can do the same. We do not have to calculate any royalties for the other.
My marketing has been extremely passive. Just a mention in my mailing lists and on my sites. Nothing else. I am selling two or three copies per day - but I this seems like a lot more than the five a week or so from a couple of weeks ago. I think it is because this is the holiday shopping season. So I wonder if it will dry up.
Of course, I am hopeful that word-of-mouth will take the book big time.
So far, the reviews at amazon are all excellent. Five stars all the way. The reviews at goodreads are a mix - currently 4.27 stars out of 5.
But it is now passive. The ebooks and audiobooks are a fully automated process. Physical book purchases send an email to my shipper who takes care of that - I just need to restock once in a while.
But it was a huge leap. Fortunately, the kickstarter brought in enough that I was actually paid. And I did get more than minimum wage. And now I have this passive income stream.
I read somewhere that in order to have a book sell really well, what you need is to write ten books. People enjoy one book you wrote and then they seek out another.
I have four more books in the hopper, but I think I wore out Shawn.
Fortunately, Mike is running full speed ahead on what will probably be the next book. And Jennifer is helping a lot on another. I have two more that are sitting pretty idle.
So, who are our authors harvesting passive income? This is a chance to mention your book!