Welcome to the first KDP income report of 2024 and the start of a brand new year.
This January, I wasn’t sure what to expect – after the biggest December that I’ve had to date since being on KDP…. I wondered if January was going to be bigger than usual too?
As it turned out, January this year was fairly similar to the previous year. Except for this year, it was slightly less than last year and I also spent more money on Ads.
I could have been disappointed but I wasn’t because this January was still a very good month. I will be interested to see how future months this year.
Did Anything Unusual happen In January?
Around the beginning of January, some of my Ads that I’d had running for many months, if not years, suddenly stopped performing.
Some just stopped making any sales at all!! I did have to switch some off and some I adjusted the bids and so on.
I have heard from some other publishers that they also experienced a similar thing.
Even though the ACOS looks OK on the Ads further down, (apart from Australia, where it’s a bit higher) that’s just the overall ACOS. So, some of the Ads were still higher than I’d like them to be.
Aside from that, I’d only just moved house in December and was really just settling in still.
I didn’t create any new books in January and was pretty hands off with KDP… Towards the end of the month, I barely even checked Ads.
How Much Did I Make On KDP In January 2024?
In January I made $9042 in royalties. With the lowest day being $187 and the highest being $597.
You can see a comparison Jan 2023 below…..
So, as you can see – I made $9589 in the previous January. So, exactly $500 more.
I also spent practically double on Ads in 2024.
This makes January a little bit lower than November this time around… Which, really, is what you’d expect!
I think it was possibly a bit lower because I had a new book that really started selling well in November and December, (as it was clearly being bought as a gift) but then sales dropped off sharply for that book in January.
If it had continued to make sales then, without a doubt, this January would have been higher than the previous one.
Most of the other books selling were the same books that usually sell.
January 2024 AD Spend:
In total I spent around $903 dollars on Ads.
By comparison that was around $430 on Ads in the previous year.
Like I mentioned, my ACOS was actually still high for certain individual Ads. But this still turned out to be pretty good for most of them overall, even despite that fact.
However, that wasn’t the case in Australia. Where I didn’t spend much, but where the ACOS was 48%. I turned off one of the Ads there altogether. But all of the Ads there suddenly where not working too well in Jan for me over there.
Total Income For January 2024 For KDP:
My tools are lower than in December, because I reduced my Midjourney subscription to the lowest tier. I talk about Midjourney in a recent post here.
In total then – after my tools and other expenses, I made $8029.37 profit before TAX. Overall, I’m happy with that.
2023 was such a leap up from 2022, but I cannot expect that again because I haven’t added that many new books.
Last month, I concentrated on trying to get back on YouTube again, which I did manage. But if I want to continue to create videos, I’m going to have to find the time to fit in KDP as well!
Hopefully I can get into more of a routine soon, because now that I’ve been checking out DALLE.3 inside ChatGPT, I have lots of ideas and would like to get some books started ASAP.
Ok! I’m going to leave it there for today. Let me know how your January went in the comments!
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