 It's about damn time we made this video because it's Road to 10K VIRTUE! Let's go! Let's go! I generally am really excited to make this video We've been meaning to make it for a while It's Road to 10K Episode 2 Given an update on how our Road to 10K progress is going Before we get into it Let's just for people that don't know Say what the Road to 10K is So we're taking a publishing business from zero to ten thousand dollars in royalties in one month As fast as you can Right, strictly with audiobooks We're still going to go over the paperbacks and ebooks in this video But yeah, the Road to 10K counts only audiobooks And we have a whole competition going We have a massive grand prize for the winner We're a part of it And I... We're trying to win the competition So badly we want to win this Yeah, even though there's no prize for us We don't get the prize But that's not what it's about Yeah, I just need to win So we've been traveling for the past four weeks Which is why we haven't made this video It's been really tough But we've been working on the business and the background Well, the business has been being worked on in the background Not by us But by our publishing manager And he does a lot of work for us Now let's talk all about that, we will Yeah, publishing manager is great But only heroin once you're ready for it So... Because you have to teach him how to do it If you don't know how to do it in the first place it doesn't work Right, you have to train him So let's just quickly talk about what we're going to go through in the video Okay, so we're going to go through our e-book and pay-for-back royalties Our audiobook sales Our all expenses combined so far Like AMS ads expenses Shit like that And just how the whole experience is We made a 60 book order to start this thing off 60 books, that's a lot I'll be honest, it's been overwhelming It's a lot to put on a new guy Right in the beginning like boom Yeah, that maybe was not the nicest thing for us to do But he's been handling it well Of course he's growing pains He's killing it Obviously But I also want to talk about what our next move is With the publishing business I will say after today, right? Because we're ready to make our next move Okay, I mean I've been doing keyword research all day Yeah And I've found, oh that's really good keywords, like a ton So the plan was just like It made you realize that anyone who's going to play about keywords right now Oh, you have nothing to complain about I mean you just not After five minutes I had some fire keywords already So I went into like, I was ready to order like a medium sized order Like because we don't want to overwhelm our manager too much But it's going to be a big order Okay It's going to be a big order It's just too tempting There's too many like I don't want to miss out Yeah, like follow on this one Fuck it, let's do all of them Yeah, so Let's get into the computer Look at the numbers and share the entire progress Alright, let's do that And here we are Alright, so the first thing I want to cover is the expenses Let's get right into it Of course it flourishes Okay, we're here So the writing expenses we have so far This is all from the first 60 book order we made in August Total $5,737.50 from 60 books And the covers come out to $360 For narration so far we've paid $1,163 That's for 10 audiobooks so far Yeah, well, yeah, 10 audiobooks Maybe nine It's been two months And only 10 audiobooks are out I know, look It's been taking way, way longer So let's get into that right off the bat So a big problem Let's just say it has been E-Writer Solutions Like fucking, their turnaround time has been garbage It's supposed to be two weeks It's like a month later We hadn't even gotten some outlines back So this has been a big problem with E-Writer Solutions Has been turnaround time And like, so they're just bottlenecking the whole business That's been very frustrating Which I guess leads us into a point Should we talk about the urban writers Which is another ghost writing service Who we might be transitioning towards Or not, we might be We will be transitioning towards We're super tight bros of the owner We're trying to see if he can get the price down That's the one thing That's the thing separating E-Writer Solutions And the urban writers is price point It's a pretty big price gap But if we can get it down We'll talk about that Urban writers for life So back in the expenses AMS adds $320 in expenses there So total expenses so far $7,581.47 These are investments It should say total investment That's gonna come back Tenfold easy Tenfold easy Alright so that's the expenses I'm gonna go to KDP now And look at what So this is a three month chart You can see We technically had our first book out Almost three months ago But it was just one But here's when we kind of That's when we got them out So if you look at this The sales we had here Yeah, yeah, yeah And there's a 10 paperback sale today Yeah If you notice Our sales were really strong here in October And then they've fallen off And the reason why is I didn't know this AMS adds Campaigns they will die over time If you don't keep paying attention to them Updating keywords All that Right And that's happened to us So we had Marco set them up And then we just let them sit And I honestly thought That was enough And it would just keep running Autopilot But they need to be maintained Which we've done That's just a learning experience And we need to train our VA To do that from now on He's called a manager You're right Manager is what he is Yeah He deserves that title Yes Alright So this is the total earnings Since the start of the business Royalties Yeah Royalties From KDP From KDP Just ebooks and paperback books I like the quality From ebooks and paperback books We're not Focusing on this at all All our focus is on audiobooks This is kind of like Nice extra money But if you add all this up It comes out too I have it here 568 dollars and 29 cents So that's what we've made KDP Royalties so far So that's less than two months A month and 20 days ish So I'm happy with that so far I mean if you ask me We're on track We're on track to like Hit our goals It just takes time And it's moving a bit slower Than I wanted to That's just how it is Alright so this is The paperbacks and ebooks Let's go into ACX And look at those numbers So we have 243 sales all time Sadly it is not The Royalties I know So you can only estimate What the Royalties are But if we go off of $15 price 40% That's about 6 dollars I'll round down to 5 Do you want to explain why That is No it's not important Okay so about 5 dollars Just say 5 dollars Royalties per sale Is a conservative estimate I want to be conservative So let's say a thousand dollars We've made on ACX so far On mostly 5 audiobooks Yeah We have one audiobook It's been out 2 weeks It has 99 sales in total That's sick But the big problem so far Is just It's been taking so long It's been taking really really long One Getting the books back Narration just like But that's the nature of the business That's how it is Working with people And then Audible Has to review the audiobook And that can take weeks It's just like Come on let's go Let's go But In the end it's okay Yeah So the $1568 Is from the KDP See we don't know the number So let's say $1,000 in Royalties From the audiobooks So it's like $2,500 in Royalties so far And it's been 7,500 expenses So we're in the red By $5,000 so far Anyone who thinks that's Who would worry about that Or thinks Oh no no things look great We have 8 out of 60 audiobooks out Yeah exactly So it's just because It's taking so damn long To get them all out So You have to have patience right Once these audiobooks are up They're gonna be out for years And you know You're not even gonna Remember this kind of Annoying publishing process Right I want to talk about What our next step is Right with the business I just remember this I always forget I know And that's Bundles So this 60 book order Is not even including The bundles that they're Gonna make It's gonna make 20 bundles And your bundles Are gonna be Making more than your singles So Which is why Just this first book order Is gonna take us through A big chunk of The road to 10K So hopefully The next book order Hopefully we can hit that number I mean I think We're gonna hit it From this book order Maybe Yeah So it really is just Getting it all out there So One other thing that I want To cover about the books We've gotten back from E-Write Solutions Is the quality of the books So what do you think About the quality of the books We've gotten from Your resolutions So a lot of people like To complain about Your resolutions Like the quality isn't Good I think we've had Good quality There's been one That needed a full revision I don't know what happened there I don't know what happened But in general I've been happy with the quality The revisions we've needed Have been minor They've been fixable And I've been happy with the quality So that has not been Too big an issue It's the turnaround time It's been the base issue Yeah Alright so I think We've covered most of what We wanted to cover In this episode 2 update Now I thought There was gonna be more To talk about But is there anything We've missed Is there any more questions You have About our progress So please do put In the comment section What questions you have If there's more you want to know Because We're literally not hiding Anything Except for like The exact books That's the only thing Otherwise Nothing to hide I love sharing everything Cause honestly Like it's motivating Cause you just see The progress You see it live It's just real This is the real thing So this is what we talk A lot about on our channel But like we do it We're doing it We do it all the time We don't just talk about it We're publishing This is our business This is how we make money This is how we live This is How we're in Bali This is how we afford The villa That we're about to move into This is how we do everything So It's gonna be the audiobooks That funded literally All of it Yeah Because Of course money stays in the business We don't spend on ourselves No I just want to say that real quick We spend on books So This is kind of like Behind the scenes of Like This is behind the scenes Of our business And how things are going So I still have my personal account Which I have not touched In over six months I mean I literally Not I don't even look at sales Well it's literally I don't ever look at sales I don't owe my account I don't do anything I do absolutely nothing I just get a direct deposit At the end of every month It's like When I ended your bank account Is when you know how much You made basically Yeah Otherwise I have no idea How the business is doing It's just Just by the size of the Check that I collected At the end of the month Like You get what you get Regardless of why I spend time worrying about The thing about it So It's really passive It all is So Just to give you an idea My personal I-book account Since I last touched it Has done well over $50,000 Since I last Even gave it a thought So That's pretty That's pretty nuts That's what's given us The ability to work on things Like YouTube videos all the time Because they don't make Direct income like that That's a long-term play Can I ask something? Why do other publishing channels Not really talk about How much they make themselves Yeah No Absolutely They don't What is there to hide? What is there to hide? Exactly So let's be honest We are the most Open, transparent publishing channel By far There is nothing We don't share So One would be like Your exact books Which you should not share In the course we do In the course we show you Let's just be clear on that Right That's a very good point So many publishing channels Oh So many publishing channels Just talk shit about our channel I Because We're doing We're doing it I guess we're doing it differently I don't know what Their take on it is Like What's wrong with it Because we're doing well And they want to do well And they're mad about it That's straight up what it is They're like Oh, I don't have the balls To be this transparent It just comes naturally Oh, because I will find some bullshit Yeah That's true We have nothing to hide Literally All our expenses How much money we spend on everything How much income we've made everywhere Like I do not care I will gladly show it Because it motivates people I just want to encourage people To get into this business Because Now I foresee a rant coming right now I foresee a rant Me or you By both of us Right now by me But just All these big businesses The dropshippings of the world The Amazon FBAs The eBay's But No one talks about self-publishing But it's because people don't know about it So the self-publishing community is really small One of our goals Is to open people's eyes To how great self-publishing is Like We believe self-publishing is better than dropshipping Better than FBA Better than all these other online businesses I think it's the best business But not many people know about it So our goal is to like Show people And push it out there And make it a mainstream Online business I also want to say one thing Because it's fucking changed our lives I know So Like also what I want to say About With like e-commerce It's so easy to fake numbers Because it's so easy to show a dashboard That says $200,000 And it's sales Yeah That's Do you know how easy that is To get Easy But sales And What's it called Profit Are so wildly different And I can say for myself Back when I had a dropshipping business I once did 20,000 sales in one month I think I made 1200 I made $1,200 on 20,000 sales And But you'll see these titles Or videos $20,000 in one month So I profit $1,200 It's just It's just not real So that's the one thing About like dropshipping And Amazon FBA businesses There's big numbers Big flashing numbers That's why it's fucking sexy That's why everyone wants to see that And they talk sales It's always always sales So it's like Oh I do a million a month Or not many people Doing a million a month in sales $100,000 is not That I'm confident in sales $100,000 in sales in one month It's like Oh shit You're doing six figures In one month In your online business But the profit Could literally be $5,000 The profit could be $5,000 Which in publishing Is like That's pretty easy To get to a $5,000 business You do well But you're nothing special Yeah So my $100,000 Sounds legendary Right But it's just not real It's like People think that Dropshipping and Amazon FBA Create these big lifestyles That's why But publishing Can as well I've been in some dropshipping And other Facebook groups And everyone always Close dashboards about sales And the first thing I always ask You're the only one Every time it's like Congrats Congrats on that big month I'm like What was profit And then When I would share my own dashboards I would show it I always love them Not how much profit I remember That's what the fuck matters Who cares how many sales you get Yeah That's just It's nice for Racking up credit card points I'll admit that Yeah That's a dick measuring competition Your sales So I remember Yeah In the Facebook group People post sales Like Oh that's none of your business Yeah I think it's cause Like They've realized So that they know The profit The profit is not impressive The profit is not impressive Like Oh and now you're questioning My profits I made on the sales Yeah cause no one cares About how many sales you made It doesn't matter Okay So it's the profit That matters So It's a red video Okay so Let's get into the magic emoji Today And I know exactly What I want it to be Please drop The book emoji Show some love for publishing Uh huh For just how great Publishing I've tried dropshipping He's tried Amazon FBA And publishing It has been so much better In every way In terms of like ease Getting started Initial investment ROI Like in every way It's been so much better Right Oh and the big one Is like stress level Oh Cause you're doing it With customers Dropshipping Oh yeah It's really stressful Oh we never have to do it With customers So But yeah I'm not sure why we get hate comments But they just come in Fucking say it So just speak your mind If you want to drop some hate comments Do that If you want to drop some Some supportive comments Do that Do whatever the fuck you want Uh huh That's just in the end Do whatever the fuck you want I don't care Okay So Oh that's it Oh that's it Yeah So Drop the book emoji Show some love for publishing Cause man Publishing Does not get enough love Uh huh I love you I love you We gotta go to a dinner soon But let Okay so let's wrap this video up You just wrapped it up Okay see you in the next video Do the hand thing The hand thing That's how I like to end it