In the near future there are going to be a few enormous wealth transfers as we head into turbulent times. There has been a lot of buzz about this but people are left clueless as to how to position themselves. I am here to tell you that this is more than just a currency issue. Soon China is going to open its doors to making ebooks available and you have to be prepared to fill the vacuum. What’s about to happen to Amazon.com with ebooks is what has already happened in the Apple store in 2007 with apps. If you remember, those who could program were making small fortunes by churning out mediocre apps. They had the right skill package at the right time and they did very well for themselves. Fortunately, for the next wealth transfer you don’t have to know how to code. You just need a few ebooks that have already been translated into Chinese. When the doors open to China you will be ready to make some serious passive income… overnight.
I have just finished designing a book cover for a client who has just finished getting her book translated into Mandarin. She doesn’t mind that she’s not getting sales now because she knows that’s going change. I know that this is not a well known strategy because Amazon is actually discouraging it by not allowing you to list a book language as Mandarin. But when China permits Amazon ebook downloads you will then be able to upload your books under the correct language.
Looking at this chart above we can see a breakdown of how many people speak each major language of the world. On the top we have Mandarin at 1.1 billion. The second most spoken language is English which is a third of that figure. This shows you that even if your book isn’t a big seller in China, it’s still going to create a nice stream of passive income if published in English. It’s interesting to know that a language like Korean (45 million) which isn’t even on the list could be a great option for your ebooks. Can you believe they have rock star teachers and tutors over there that are millionaires? The society is so bent on getting their children to the best universities that Koreans have no choice but to be voracious readers. Japanese and Russians are the same way. Now I hope you can see your passive income potential of just having one ebook. Looking at the world language breakdown, it definitely makes sense to take on other languages. Just be sure to have a few of your key ebooks translated into Mandarin because that’s where your big fortune is going to come from.
The subject of piracy needs to be addressed as you venture into the Chinese market with your ebooks. When you come to terms with this problem you will place priority in protecting your intellectual property. One way to do this is to not include a table of contents in the beginning of the book. The quickest way a person can knock off your material is to look at each chapter name and create his own ebook based on that information. This is true not only in China, but any place that harbors pirates. Anyone can read the table of contents in the first few pages of your ebook as a free preview and duplicate your ebook’s skeleton.
A little known trick that could help your Chinese ebook earn you extra money is putting a website address on the first page (works with any language by the way). As people open the ebook to look at the free preview, they will see the address and check out your website to get something else for free. Coming to your landing page, they will find your material with a few PROMINENT ads. If they click on an ad you’ve made some money. With a Chinese population of 1.1 billion people, you can understand how this trick could yield substantial passive income.
Lastly, China is a very literate country and this needs to be stressed. If you look at the Chinese search analytics you can see that they immerse their children in reading early on. In fact, the search term “bedtime stories for children” trumps most other searches for adults. This is an opportunity for you to revamp the childrens ebooks that you already have and fill the vacuum. Chinese parents want their children to read material in English from America because their overall goal is to send them to a university here. Foreign material helping them to achieve this end is very attractive to them.