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The Long Game
Edition #12
Welcome to the 12th edition of Royalties on Demand - your one-stop guide to generating consistent income online. I’m thrilled that you're joining me on this journey towards financial independence and creative entrepreneurship.
In this week’s newsletter, you will find:
The Long Game
Amazon Introduces Generative AI for Enhanced Customer Reviews
Niche Of The Week
My Top 5 AI Channels
Content For The Week Ahead
Selling Books With Amazon FBA?
The Long Game
In a world where immediate gratification is the norm, where a click can deliver food to your door or fetch a ride within minutes, the allure of quick success in online businesses can be tempting.
However, real success often requires playing the long game. It’s a journey of patience, dedication, and mastery. And when it comes to creating a sustainable online business, the approach you take can make all the difference between fleeting success and long-term accomplishment.
Here are four ways you can develop the long-game approach:
1. Understand A Sustainable Business Takes Time
There's no denying that some businesses explode overnight. These rare success stories can captivate us, making it seem as though the digital world is a goldmine where fortunes can be made at an instant. While some entrepreneurs do strike gold quickly, the vast majority of successful online businesses are built over time.
2. The Power of Focus
Consider the act of learning a language. If you attempt to learn French, Spanish, and Mandarin simultaneously, the process would be overwhelming. Each language requires hours of practice, understanding of nuances, and immersion. Spreading yourself thin by trying to learn all three at once will likely lead to frustration and limited proficiency in each.
Similarly, diving deep into multiple online income streams at the same time can be a recipe for burnout and confusion. For example, I spent my first year learning, studying, and testing out Amazon KDP before I started my Youtube channel and tested out other income streams.
This approach can provide a robust foundation for success. I had a 3-5 year horizon and used the first year to build a solid grounding without the pressure of immediate results. This dedicated focus and time investment can then lead to mastery and, consequently, substantial success on the platform.
Just as one would master a language before moving onto another, it's beneficial to deeply understand and succeed in one online platform before considering others.
3. Diversify Once You Have Found Success
Once you've mastered one platform or income stream, not only do you enjoy the fruits of that success, but you're also better equipped to tackle other platforms and help others. The skills, discipline, and strategies you've developed can often be transferred or adapted, giving you a competitive edge.
Moreover, your reputation as a genuine expert in one domain can open doors in others. People are more likely to trust someone who has demonstrated dedication and success in a particular area, rather than a jack-of-all-trades who jumps from one trend to another.
I was able to start my Youtube channel after my success with Amazon KDP and teach others the lesson I learnt. This also opened the door to affiliate marketing, selling digital products and various other online income streams.
4. Embracing the Long Game
For those keen on building a sustainable online business, playing the long game is crucial. It's about investing time, continuously learning, iterating based on feedback, and staying committed even when immediate results aren't visible.
Building a business is similar to building a skyscraper. It requires a strong foundation, which might not look like much initially, but over time, with patience and consistent effort, it can reach towering heights.
Conclusion
In the ever-evolving landscape of online business, where countless new opportunities emerge daily, it's easy to get sidetracked by the allure of quick wins.
However, true and lasting success comes to those who are patient, focused and committed to mastery. So, the next time you're considering diving into a new venture, remember the benefits of playing the long game. Your future self will thank you for it.
My Products & Services
At Royalties on Demand, I offer an array of services tailored to aspiring authors and self-publishers looking to make a mark in the industry.
My one-to-one coaching sessions provide personalized guidance and mentorship, allowing you to navigate the challenges of publishing with ease and efficiency.
You can find free templates designed to simplify the design process and enhance your books' visual appeal.
For those looking to delve deeper into the world of AI Coloring Books, my comprehensive eBook is packed with insider tips, strategies, and step-by-step instructions to guide you towards success. Use DANNY10 to get 10% for the next 48 hours.
Amazon Introduces Generative AI for Enhanced Customer Reviews
In the ever-evolving world of e-commerce, understanding customer viewpoints is of huge importance. As part of its continuous push for innovation, Amazon has recently introduced a generative AI feature designed to refine the customer review experience.
What's New?
With the new AI system, instead of sifting through numerous product reviews to get a consensus, shoppers can now view AI-generated summaries. These summaries combine the thoughts of multiple reviews into concise snippets, allowing potential buyers to quickly gauge the general feelings about a product.
In addition, Amazon has included buttons highlighting common review aspects, such as "Performance," "Ease of Use," and "Stability." By clicking these, users are provided with AI-generated overviews, giving them insights about specific parts of the product. For instance, if a shopper is curious about a gadget's ease of use, a simple click would produce a summary from various reviews discussing that aspect.
The Convenience Factor
For frequent online shoppers, this feature is a game-changer. It offers a streamlined way to understand products better without trawling through a sea of often repetitive or lengthy reviews. It also offers an organized approach for shoppers who are keen on understanding specific attributes of a product.
Amazon's venture into using generative AI for customer reviews marks yet another step towards a more AI-integrated e-commerce experience. For now this is only available to a subset of mobile shoppers in the US across a broad range of products however It emphasizes the platform's dedication to ensuring that shoppers make informed decisions with ease. You can read Amazon’s full article below.
Niche of the Week- Spot The Difference Books (Part 2)
Following on from lasts weeks introduction into spot the difference books. I created this in depth video to show you how to make a spot the difference book with Midjourney and Canva AI.
My Top 5 AI Channels
These channels have all been massively beneficial in shaping my knowledge with AI and I know that they will be helpful to you too.
Content for the week ahead
In the video below Kim George shows you how to create coloring pages with Kittl AI.
I created this video to show you how to fill in your backend keywords correctly.
Royalty Wizard explain how he would reach $5k a month if he started again.
Selling Books With Amazon FBA?
Jarek Lewis is a former engineer that found success online through a solopreneur business model. He has several online income streams and grossed over $5 million as a solopreneur. In the video below he explains how he made over $11k in profit last month flipping books with Amazon FBA.
Share & Connect
Once again, thank you for joining me on this exciting journey. Have an awesome week ahead and I look forward to catching up with you next week.
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