Amazon Kindle has been the behemoth of the self-publishing world for the last ten years.
It has allowed tens of thousands of everyday people to become successful self-published authors, and in many cases become millionaires.
The downside to Amazon is that they take the bigger chunk of the profits made from the sale of each self-published book.
Quite ironic really when you consider that Amazon actually pay more in royalties than the traditional publishers and that was the reason many authors chose to use them and go down the self-publish route.
As with everything, the world is changing, habits are changing, technology and platforms are evolving which means that Amazon has a new challenger.
The newest kid on the block for authors is a new platform called ReamStories.
ReamStories is a platform that is dedicated to authors to build a subscription income around their work.
ReamStories is not even one year old and it has a lot of people signing up to use it. ReamStories fees are 10% of all transactions leaving the authors to collect 90% of the money earned per transaction (there will be Stripe payment fees to come out of that 90%).
Bestselling author, Seanan McGuire, is currently making £9,503 each month (or possibly per short story) publishing exclusive short stories using the platform Patreon.
The idea is that authors share exclusive content with subscribers and give them first look at work-in-progress by publishing new chapters each week.
Different authors offer different content. ReamStories and Patreon allow people to have different price tiers and offer different content per tier.
I’ve repeatedly said that subscription based businesses are the future of making money online for the ordinary person.
With over 5 billion people using the internet each day, there are more than enough people globally for you to find enough to pay you a decent monthly income.
Just 100 people paying you £10 a month will give you a decent £1,000 extra each month.
There are people who are earning tens of thousands of pounds each month with subscription based businesses that they are running from the comfort of their own homes.
scroll down to carry on reading…
FREE Blueprint & Video Tutorial - Request Your Instant Online Access Now!
Noah Smith is making an estimated £800,000 a year publishing an economist newsletter on the Substack platform.
He publishes roughly five times a week with two of those newsletters being exclusively for paying subscribers who pay either £8 per month or £80 for the whole year.
Working on figures I read last year (it may be different today) Noah has somewhere around 8,333 subscribers earning him around £66,000 each month.
Before you get too excited, let me say that Noah knows his stuff and his newsletters are long. They are well researched and well written.
However… it still amazes me that he has so many paying subscribers. It’s not information that most people can use in their day-to-day lives.
Going back to Seanan McGuire, the bestselling author who is making £9,503 each month on Patreon, she has 3,655 subscribers who are paying her to make stuff up!
In truth, that is all fiction writers do… they make stuff up, and a lot of that is based on stuff that has been done before.
After watching a BBC adaption of And Then There Were None by Agatha Christie, I noticed a similarity between that story and the popular Saw horror films where a dying man decided to seek revenge on people who were to pay for their crimes and bad life choices.
A tweak here and a tweak there, change the characters, change the dates and the location, and you have a completely new story.
Incidentally, the popular crime drama, Harry Wild, starring Jane Seymour, also had an episode which was completely based on And Then There Were None.
I got a little distracted there… but please know that to be successful doesn’t mean having to be completely new or unique, you just have to put a new spin on something that’s already out there.
The point I am trying to make is that it is possible today, with the technology, tools, and platforms available to us… and with direct access to millions of people online… it is more than possible to run your very own online subscription business from the comfort of your own home.
To give you a better idea, Andi, our in-house online and subscription specialist has created a video showing you the easiest way to start a profitable newsletter.
Click the link below:
The EASIEST Way To Start A PROFITABLE Newsletter!
Kind regards
John Harrison
PS… Have a read back through this article and see what is involved in creating it. There are real life examples and a couple of interesting points, it outlines a way to make money, and it includes an image.
This article is a newsletter!
Let’s say that it took a couple of hours to create, if you had 200 people paying you just £10 per month to access your newsletters, this one piece of writing would part-earn you £2,000.
That’s not bad, don’t you agree?
Here’s that link again: