I have been getting a lot of emails asking me, "What is 5K Publishing Paydays?" so I decided to investigate and write a review for you.
As you might imagine, this is a course on how to make money online, specifically, $5,000 and up, a month. The problem is we have heard this claim far too many times. Is it another scam?
Or maybe this is that one in a million course that actually works?
Continue reading to find out.
5K Publishing Paydays Review Summary:
Pros: Cheap. Decent Training Videos.
The Cons: Too Much Hype. The Kindle Marketplace is Saturated. Don't Expect Fast Results.
The Bottom Line: Although the product is cheap and the training is good, I don't recommend this course. The reason I don't recommend it is because I feel self-publishing on Kindle is a saturated business, and it takes a long time to break into it. I also felt some of the training material was a bit outdated.
If you're looking at 5K Publishing Paydays for the money making opportunity, check out my top recommended training instead. It's perfect for writers, plus it's got all the support and resources you need in one place.
What is 5K Publishing Paydays?
5K Publishing Paydays is an internet marketing course that teaches you how to make money by writing and publishing Kindle books to Amazon. The training videos walk you through the process of finding hot book ideas in multiple niches, and how to inter-link books to drive up sales.
Overall, the business concept is not bad. On the other hand, I believe that statement that you can make $5,000 in less than 27 days is quite dramatic and unrealistic.
On the other hand, the idea is to scale the business by hiring writers on the cheap, and the training material provides some resources on how to do that.
But there are some issues:
The Problems with 5K:
As a writer, I can tell you it takes more than a few minutes to publish a book on Amazon. Granted, it might be easy to get a book up and live, but that doesn't necessarily mean anyone will want to buy it.
1. People Don't Want Low Quality Books
Nowadays, the book market determines the success of a book, and to be frank, they're sick and tired of these pop-up copy and paste reports. Nobody wants them. People will read them, realize it was quickly written and lacking value, and leave a one star review. Nobody wants to buy books that have low ratings.
(This product is quite similar to another one, Kindle Money Mastery)
Of course, that's my opinion, and I have been wrong before. Nevertheless, what the course doesn't tell you is you need to publish a lot of books to see any decent royalties. It takes a long time. It's possible. But you need to work on it for at least a few years.
2. Kindle Marketplace is Saturated
Another issue is the fact the book market is so saturated. Everyone is writing these short books for Kindle, and it's getting more and more difficult to break into. Head over to the Amazon Kindle section and you'll see just how many books are in there.
To break into the market you have to write an exceptionally high quality book, one that could takes years to write, and that's not what this course teaches you.
Let's Get Real Here:
Self-publishing on Amazon can work if you put in the work. But you shouldn't expect to quickly throw together a book, publish it, and have thousands of dollars heading to your bank account within the hour. This is long-term business. Not for fast results.
On that note, the income screenshots on their sales pages seem to haven't been updated since 2016 so that's not good news.
Notice the dates? That's from 3 years ago! Who knows if it's still working for him?
5K Publishing Paydays Training:
Personally, I think the training is decent, especially considering it only costs $7 for the whole deal. The videos walk you though the entire process of setting up an Amazon account, finding niches, writing the books, uploading them, and what not.
On the other hand, I feel like you could find the same information online with a few quick searches for free. There are plenty of resources out there that cover this subject in detail.
For example, you can read this post to get my personal take on How to Sell Books on Amazon)
5K Publishing Paydays Pros:
Here's what we liked about 5K Publishing Paydays:
1. Decent Training Material:
I liked the over-the-shoulder videos, and they provide a nice glimpse into the world of self-publishing Kindle books. Great deal for the price. I came across some interesting tips too.
2. It's a Cheap Product:
Currently, the price is $7 which I think is well worth it. Although I don't particularly recommend this product, the price is good for what you get. They also offer a 30-day refund window, so you can always ask for a refund.
The Cons with 5K Publishing Paydays:
As we mentioned earlier...
1. Not Great for Quick Cash:
Self-publishing isn't one of those pop-up business ideas where you can quickly make tons of cash. Even if you are an exception writer and manage to publish a book, it will take time for people to buy it and review it.
Very few people want to be the first person to buy a book that has no reviews. You need to build up your reputation, a process that takes time.
2. Too Much Hype!
To expand on the point above, I feel like the advertisements for this course have far too much hype in them. I seriously doubt you can earn $5,000 within a month of following the training material.
In fact, I would be surprised if you even made a dollar. They make it sound a bit too easy, which makes sense on their part, but as a consumer, you want to know the truth.
3. Saturated Market:
Self-publishing on Kindle was once the hottest business idea. Everyone was trying to get into it, and many people have seen success with the business model.
But since the entry level requirements are so low, the marketplace has been flooded with junk, and now you have to write something amazing to break in. That's easier said than done.
It Can Work, If You Do This...
If you're an aspiring writer, or at least you always liked the idea of publishing something under your own name, hear me out.
The 5K Publishing Payday system can actually work. Not to the extent they claim, but if you add a couple of things to their recommended process, the results you get can be much better.
Here's the deal:
Publishing on Amazon is not enough. You're hoping that someone will come across you're yet-to-be-reviewed book, buy it, leave a 5 star review, and recommend it to their friends. That's a little too optimistic.
It's like walking down the street and hoping someone will hand you a briefcase with cash.
Instead, if you can send people directly to your author page, that will drastically improve sales. The best way to do this is by creating a website, write keyword targeted articles, have them rank, then include links in those posts to your author page on Amazon.
Luckily for you, my recommending training course teaches you exactly how to build a website like that, and a lot more. It's free, for starters, and you can upgrade or cancel at any time. Hit the link below to check it out.
Hopefully now you know what is 5K Publishing Paydays. To clarify, I don't think it's a bad course, but I do think it's a little outdated and too optimistic. You can take the model and tweak it for much better results.
Alternatively, if you want to learn how to make money on Amazon through e-commerce, take a look at Amazing Selling Machine.
Thanks for taking the time to read this 5K Publishing Paydays review. Leave a comment below if you have any questions or ideas.